The Motley Fool

ALL ORDINARIES finishes lower Thursday: 10 shares you missed

Australia’s S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished lower on Thursday.

Here’s a short recap of the Australian market:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) lower 2.83% to 5,664.10
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) lower 2.82% to 5,759.50
  • AUD/USD at US 71 cents
  • Gold at US$1,232.95 an ounce
  • Brent Oil at US$75.70 a barrel

The best-performing ASX 200 share today was rare earth business Lynas Corporation Ltd (ASX: LYC), it rose 7.3% after giving its quarterly update.

The ASX was a sea of red today. Some of the heaviest declines belonged to tech businesses Afterpay Touch Group Ltd (ASX: APT) and Altium Limited (ASX: ALU) which were down 4.4% and 5.5% respectively.

Super Retail Group Ltd (ASX: SUL) shares fell another 10.2% today after revealing its trade update yesterday and announcing it will be looking for a new CEO.

The Qantas Airways Limited (ASX: QAN) share price dropped 4.6% on market turbulence, despite a record quarter of revenue.

Shares of Blackmores Limited (ASX: BKL) were also savaged 5.4% after it reported a 15% increase of revenue its first quarter update.

Plumbing business Reece Ltd (ASX: REH) revealed strong like for like sales growth in its trading update, however its share price fell 3.5% today.

Iron ore miner Fortescue Metals Group Limited (ASX: FMG) shares dropped 5.7% despite reporting an increase in the price of its lower-grade iron ore.

By far, the worst fall in the ASX 200 belonged to AMP Limited (ASX: AMP). Its share price declined nearly 25% after announcing a large divestment of AMP Life for $3.3 billion.

Finally, electronics and household goods retailer JB Hi-Fi Limited (ASX: JBH) dropped almost 3% after reporting solid sales growth across its business in the first quarter of FY19.

Here are some of today’s top stories:

The Disruptors: 3 Revolutionary Aussie Companies to Back for 2018

We’re living in one of the most exciting times in investing history. Innovation and a booming culture of entrepreneurship are constantly creating new companies with the potential to make forward-thinking investors very rich. Now more than ever, one small, smart investment could make a huge difference to your wealth.

That’s why at The Motley Fool we’ve been scrutinizing the ASX to uncover the kinds of companies that we believe could turn into the next Atlassian.

We’ve found three exciting companies that we believe re poised to perform in the new year. Click here to uncover these ideas!

Motley Fool contributor Tristan Harrison owns shares of Altium. The Motley Fool Australia owns shares of and has recommended Blackmores Limited. The Motley Fool Australia owns shares of AFTERPAY T FPO, Altium, and Super Retail Group 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.

One ASX Stock For An Estimated $US22 Billion Marijuana Market

A little-known ASX company just unlocked what some experts think could be the key to profiting off the coming marijuana boom.

And make no mistake – it is coming. To the tune of an estimated $US22 billion.

Cannabis legalisation is sweeping over North America, and full legalisation arrived in Canada in October 2018.

Here’s the best part: we think there’s one ASX stock that’s uniquely positioned to profit immensely from this explosive new industry… taking savvy investors along for what could be one heck of a ride.

AND, this is the first time The Motley Fool Australia has EVER put a BUY recommendation on a marijuana stock.

Simply click below to learn more on how you can profit from the coming cannabis boom.

Click here to find out more