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 1.57% to 5,557.80
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) lower 1.47% to 5,625.60
- AUD/USD at US 70 cents
- Gold at US$1,285.70 an ounce
- Brent Oil at US$53.10 a barrel
China-related ASX shares had a pretty strong day with the Bellamy’s Australia Ltd (ASX: BAL) share price rising by 3.8% and the Blackmores Limited (ASX: BKL) share price up by 2.7%.
The big banks had a bad day with the latest CoreLogic results showing more property price declines in Melbourne and Sydney, the Commonwealth Bank of Australia (ASX: CBA) share price fell nearly 2% and Westpac Banking Corp (ASX: WBC) shares dropped 2.2%.
Speedcast International Ltd (ASX: SDA) continued its decline today with a drop of 5.5% of its share price.
The share price of natural beauty business BWX Ltd (ASX: BWX) rose by 4.4%, perhaps due to the news that many US court documents will be kept secret in its US legal case.
Here are some of today’s top stories:
- The Starpharma Holdings share price slumped 10.5% on Wednesday
- Is a market crash and global recession coming in 2019?
- Motley Fool Money: The business and investing podcast
BWX may have recovered some of its lost ground today, but it still has a way to recover to its pre-takeover share price. There may be more reliable investment opportunities out there right now.
Motley Fool contributor Tristan Harrison owns shares of BWX Limited. The Motley Fool Australia owns shares of and has recommended Blackmores Limited and BWX 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.