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 1.18% to 5,939.10
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) higher 1.16% to 6,047.10
- AUD/USD at US 71 cents
- Gold at US$1,225.70 an ounce
- Brent Oil at US$81.47 a barrel
The best-performing ASX 200 share today was organic infant formula business Bellamy's Australia Ltd (ASX: BAL), its share price rose 12.5%. Fellow infant formula business a2 Milk Company Ltd (ASX: A2M) also flew 8.5% higher. Both seem to be reacting to a2 Milk's first quarter update.
Afterpay Touch Group Ltd (ASX: APT) shares plunged nearly 19% on news of a new Senate inquiry into finance business like payday lenders. Credit Corp Group Limited (ASX: CCP) also fell 9.2% in response to the news.
The share price of Challenger Ltd (ASX: CGF) rose 3.3% after revealing its funds under management (FUM) update for the September 2018 quarter.
Big resource business BHP Billiton Limited (ASX: BHP) shares fell 0.7% after revealing its production numbers for the September 2018 quarter.
Discount retailer Reject Shop Ltd (ASX: TRS) shares declined 39% after telling investors that its comparable sales were actually falling, meaning the first half profit would be significantly less than expected.
Finally, the share price of Woolworths Group Ltd (ASX: WOW) rose 1.1% today despite Amazon launching its pantry food offering.
Here are some of today's top stories:
