Australia's S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished higher on Thursday.
Here's a short recap of the Australian market:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) higher 0.14% to 5,661.60
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) higher 0.14% to 5,735.30
- AUD/USD at US 72 cents
- Gold at US$1,246.70 an ounce
- Brent Oil at US$60.46 a barrel
The best-performing ASX 200 share today was TV & media business Nine Entertainment Co Holdings Ltd (ASX: NEC), it went up by 8.3%.
At the other end of the returns on the ASX was TPG Telecom Ltd (ASX: TPM), its share price fell 17% because the ACCC raised concerns about the merger with Vodafone Australia which also sent the Hutchison Telecommunications (Aus) Ltd (ASX: HTA) share price down 21.4%.
The Elders Ltd (ASX: ELD) share price rose by 6% today after holding its AGM for shareholders saying that the drought issues may be getting a little better.
It was an excellent day for a lot of resource businesses including Syrah Resources Ltd (ASX: SYR) which went up by 8.1%.
Financial business IOOF Holdings Limited (ASX: IFL) shares rose by 7.3% today, it appointed an acting Chairman and an acting CEO earlier this week.
The recovering share market is hurting the gold miners, the worst drop in the ASX 200 was St Barbara Ltd (ASX: SBM) which fell by nearly 5%.
Finally, the share price of Telstra Corporation Ltd (ASX: TLS) fell 3.3% at the prospect of TPG and Vodafone remaining separate competitors.
Here are some of today's top stories:
