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ALL ORDINARIES finishes lower Thursday: 8 shares you missed

Australia’s S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished lower on Thursday.

Here’s a short recap of the Australian market:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) lower 0.07% to 6,059.40
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) lower 0.01% to 6,139.60
  • AUD/USD at US 71 cents
  • Gold at US$1,308.81 an ounce
  • Brent Oil at US$64.01 a barrel

The best-performing ASX 200 share today was home appliance business Breville Group Ltd (ASX: BRG) after revealing how it did in the six months to 31 December 2018.

Shares of Cleanaway Waste Management Ltd (ASX: CWY) also went up 13% on its half year report release.

Fund manager Magellan Financial Group Ltd (ASX: MFG) went up 9.9% today after another impressive report showing profit growth.

AMP Limited (ASX: AMP) shares dropped 7.8% after the financial business reported a large drop in profit.

The Telstra Corporation Ltd (ASX: TLS) share price declined 2.2% today after it cut the dividend again due to a fall in earnings.

The share price of Treasury Wine Estates Ltd (ASX: TWE) ended the day up 0.6% after reporting its result and forecasting further growth in FY20.

Healthscope Ltd (ASX: HSO) shares were flat today after the private hospital operator handed in its result.

Finally, the City Chic Collective Ltd (ASX: CCX) share price rose a whopping 39.5% on its report today.

Here are some of today’s top stories:

The Telstra dividend reduction has shown why it can be dangerous chasing a high yield. I think it’s better to go for shares that have a clear route to sustainable income increases with a decent starting yield, such as these quality ASX dividend shares.

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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 and has recommended Telstra Limited and Treasury Wine Estates 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.

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