Australia's S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished higher on Tuesday.
Here's a short recap of the Australian market:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) higher 0.69% to 5,722.40
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) higher 0.68% to 5,783.30
- AUD/USD at US 71 cents
- Gold at US$1,283.37 an ounce
- Brent Oil at US$57.30 a barrel
The best-performing ASX 200 share today was pharmaceutical company Mayne Pharma Group Ltd (ASX: MYX), its share price rose 8.2%.
Shares of Bingo Industries Ltd (ASX: BIN) are up 5.7% after announcing its suggestion to the ACCC about how to satisfy competition worries with its Dial A Dump acquisition.
Gold shares fell again today as the share market rose again. The worst affected was the Resolute Mining Limited (ASX: RSG) share price which fell by 5% after denying it was selling its Ravenswood Gold Mine in Queensland. The St Barbara Ltd (ASX: SBM) share price also fell by 5%.
The Magellan Financial Group Ltd (ASX: MFG) share price rose 4% today after giving its December funds under management (FUM) update. The fund manager also told the market what its average FUM for the half-year was and the total performance fees generated for the period.
The share price of Hub24 Ltd (ASX: HUB) increased by an impressive 7.2% today after the financial technology business informed the market that it had reached $10 billion of funds under administration by the end of December 2018.
Bigtincan Holdings Ltd (ASX: BTH) shares rose 15.1% today after winning a contract expansion with T-Mobile.
Finally, the Brainchip Holdings Ltd (ASX: BRN) share price finished the day up 7.9% thanks to a strategic partnership agreement with SoftCryptum.
Here are some of today's top stories:
- Bell Potter reveals the 10 best ASX shares to buy for 2019
- Morningstar names Telstra among the most undervalued shares on the ASX
- Ouch: Why the Blue Sky share price is down 95% in one year
- ANZ, CBA, NAB, or Westpac? Top broker names the bank share to buy
The Hub24 business has done very well over the past few years, however it's not trading cheap – estimates put it at around 70x FY19's estimated earnings.
