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.
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.
Here are some of today’s top stories:
- Duxton Water Ltd (ASX:D2O) wants to raise $58.7 million for more water entitlements
- The legacy of language in the finance sector
- Is it time to stay away from ‘bond proxies’?
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Motley Fool contributor Tristan Harrison owns shares of Challenger Limited. The Motley Fool Australia owns shares of and has recommended Challenger Limited. The Motley Fool Australia owns shares of A2 Milk and AFTERPAY T FPO. The Motley Fool Australia has recommended The Reject Shop 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.