Australia’s S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished lower on Tuesday.
Here’s a short recap of the Australian market:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) lower 0.54% to 5,858.80
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) lower 0.49% to 5,924.30
- AUD/USD at US 71 cents
- Gold at US$1,278.99 an ounce
- Brent Oil at US$62.03 a barrel
The best-performing ASX 200 share today was resources business Syrah Resources Ltd (ASX: SYR), its share price rose 5.7%.
The worst performer in the ASX 200 today was car dealership business Automotive Holdings Group Ltd (ASX: AHG), its share price fell 4.2%.
Finally, the Commonwealth Bank of Australia (ASX: CBA) share price dropped 1.2%, perhaps because the final report from the Royal Commission is due next week, but also perhaps because Volt Bank received APRA clearance to start receiving deposits from the public. Morgan Stanley thinks the CBA dividend is at risk of being cut.
Here are some of today’s top stories:
- Why this top broker upgraded the Brambles share price to “buy”
- Brands are great. But how much are they really worth?
- Afterpay tells Senate inquiry it doesn’t want broke customers
- 2 ETFs to buy for wealth through simple investing
Today is yet another example of why a CBA investment may not be all it’s cracked up to be. Competition is rising and the risks are higher. I think these leading ASX shares could be better picks for a reliable portfolio.
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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Super Retail Group Limited. The Motley Fool Australia has recommended Automotive Holdings Group Limited and 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.