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 1.36% to 5,633.40
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) higher 1.23% to 5,694.60
- AUD/USD at US 69 cents
- Gold at US$1,288.60 an ounce
- Brent Oil at US$54.19 a barrel
Shares of Speedcast International Ltd (ASX: SDA) went up 7.3%, marking another day of volatility for the remote data business.
Shares of Service Stream Limited (ASX: SSM) fell 2.6%, today it announced the acquisition of a utility infrastructure services business.
The Cimic Group Ltd (ASX: CIM) share price is up 3.2% with it winning the $116 million Coffs Harbour Hospital expansion contract.
Finally, renewable energy business Infigen Energy Ltd (ASX: IFN) shares went up 6.8%.
Here are some of today’s top stories:
- Australian dollar drops below 70 US cents: How to profit from this with ASX shares
- Leading broker tips ANZ Bank share price to hit $31.52 in 2019
- Why the Lovisa share price is printing 52-week lows
- Are these the best buy and hold shares in the ASX200?
Pilbara may have announced another positive update today, but I’m not sold on the idea of buying a commodity-related business. I’d much rather go for shares that have control of the prices of their products and can generate growth year after year.
Motley Fool contributor Tristan Harrison owns shares of InvoCare Limited. The Motley Fool Australia owns shares of Super Retail Group Limited. The Motley Fool Australia has recommended InvoCare 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.