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ALL ORDINARIES finishes lower Thursday: 10 shares you missed

Credit: Cimexus

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:

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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.

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