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
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.
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.
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:
- Cann Group Ltd (ASX:CAN) and the rest of the cannabis industry are being smoked today
- Why I want share prices to be lower
- Why WiseTech Global Ltd (ASX:WTC) shares have defied the tech selloff and pushed higher
- Sandfire Resources NL (ASX:SFR) share price down despite solid quarterly update
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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.