Australia’s S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished higher on Wednesday.
Here’s a short recap of the Australian market:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) higher 0.14% to 6,049.80
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) higher 0.13% to 6,163.80
- AUD/USD at US 71 cents
- Gold at US$1,189.65 an ounce
- Brent Oil at US$84.89 a barrel
The best-performing ASX 200 share today was Navitas Limited (ASX: NVT), the education provider’s share price went up nearly 22% after it received a takeover offer from a consortium led by BGH Capital.
Another share to rocket upwards today was animal companion giant Greencross Limited (ASX: GXL), its share price rose 18.9% after management confirmed there were interested suitors for a takeover.
Shares of Afterpay Touch Group Ltd (ASX: APT) continued to fall, it dropped 3.1% today.
Fast food business Domino’s Pizza Enterprises Ltd. (ASX: DMP) shares went up 5% today, making it one of the best gainers today.
Finally, the share to fall the most in the ASX 200 was Orocobre Limited (ASX: ORE) – it declined by 5.5%.
Here are some of today’s top stories:
- Do all these takeovers signal the end of this bull market?
- How to easily diversify your portfolio into small and mid-cap shares
- 2 of my favourite ‘buy and hold’ shares on the ASX
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Motley Fool contributor Tristan Harrison owns shares of Greencross Limited. The Motley Fool Australia owns shares of and has recommended Corporate Travel Management Limited, Greencross Limited, and MNF Group Limited. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended Cochlear Ltd. and Domino's Pizza Enterprises Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.