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ALL ORDINARIES finishes higher Tuesday: 8 shares you missed

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 1.95% to 6,005.90
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) higher 1.76% to 6,068.10
  • AUD/USD at US 73 cents
  • Gold at US$1,314.38 an ounce
  • Brent Oil at US$62.79 a barrel

The best-performing ASX 200 share today was insurance business Steadfast Group Ltd (ASX: SDF) which rose by 11.5%. It was one of many shares to experience large share price movements due to the Royal Commission report.

Some of the other big gainers were AMP Limited (ASX: AMP) shares rising by 10% and IOOF Holdings Limited (ASX: IFL) shares going up 8%.

The big banks were also huge gainers today. The Westpac Banking Corp (ASX: WBC) share price gained 7.4% today.

The Commonwealth Bank of Australia (ASX: CBA) share price went up 4.7%. The National Australia Bank Ltd (ASX: NAB) share price gained 3.9% and the Australia and New Zealand Banking Group (ASX: ANZ) share price rose by 6.5%. Who knows how long this recovery will last?

However, it isn’t good news for everyone. The Mortgage Choice Limited (ASX: MOC) share price plunged more than 25% with worries about trail commissions being banned for new loans.

The Xero Limited (ASX: XRO) share price rose nearly 3.9% on news that it has created a data partnership with Uber Eats.

Finally, the Shopping Cntrs Austrls Prprty Gp Re Ltd (ASX: SCP) unit price went up 1.2% after reporting its half-year numbers and increasing profit & the distribution.

Here are some of today’s top stories:

The easy returns have probably been made on the bank. I’d rather buy shares of these top ASX shares that offer long-term growth over the banks.

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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 National Australia Bank Limited, Shopping Centres Australasia Property Group, and Xero. The Motley Fool Australia has recommended Steadfast Group Ltd. 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.

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