The Motley Fool

ALL ORDINARIES finishes lower Wednesday: 8 shares you missed

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

Here’s a short recap of the Australian market:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) lower 0.78% to 5,668.40
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) lower 0.83% to 5,749.10
  • AUD/USD at US 73 cents
  • Gold at US$1,239.05 an ounce
  • Brent Oil at US$61.04 a barrel

The best-performing ASX 200 share today was New Zealand based e-commerce business Trade Me Group Ltd (ASX: TME), it rose 3.5% after receiving an additional takeover offer.

It was a horrific day for shareholders of Lynas Corporation Ltd (ASX: LYC), its share price plunged 22.4% after being told it must remove the radioactive waste that has accumulated.

The share price of TV & media business Nine Entertainment Co Holdings Ltd (ASX: NEC) fell nearly 8% after responding to an article in The Australian about Macquarie Media Ltd (ASX: MRN), which rose by 12.6%.

A lot of the ASX’s tech shares fell, following international markets. One of the worst declines belonged to the Altium Limited (ASX: ALU) share price which fell 5% today.

The TPG Telecom Ltd (ASX: TPM) share price rose 0.7% today after holding its AGM, confirming that it’s tracking ahead of guidance and providing an update about the Vodafone merger.

Poultry business Inghams Group Ltd (ASX: ING) saw its share price cluck 2.1% higher after announcing it would build a $46 million hatchery in Victoria.

Finally, the Telstra Corporation Ltd (ASX: TLS) share price rose 0.3% after giving investors a 5G update presentation.

Here are some of today’s top stories:

These 3 stocks could be the next big movers in 2020

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

In this FREE STOCK REPORT, Scott just revealed what he believes are the 3 ASX stocks for the post COVID world that investors should buy right now while they still can. These stocks are trading at dirt-cheap prices and Scott thinks these could really go gangbusters as we move into ‘the new normal’.

*Returns as of 6/8/2020

Motley Fool contributor Tristan Harrison owns shares of Altium. The Motley Fool Australia owns shares of and has recommended Telstra Limited. The Motley Fool Australia owns shares of Altium. The Motley Fool Australia has recommended TPG Telecom 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.

Related Articles...

Latest posts by Tristan Harrison (see all)