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ALL ORDINARIES finishes higher Wednesday: 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 Wednesday.

Here’s a short recap of the Australian market:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) higher 0.75% to 6,245.60
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) higher 0.72% to 6,326.80
  • AUD/USD at US 70 cents
  • Gold at US$1,287.29 an ounce
  • Brent Oil at US$65.33 a barrel

The best-performing ASX 200 share today was resource business Western Areas Ltd (ASX: WSA), it rose by 6.8%.

Infant formula business Bellamy’s Australia Ltd (ASX: BAL) shares increased by another 4.9% today.

The share price of Bubs Australia Ltd (ASX: BUB) rose 24% due to announcing a Chinese joint venture to expand in the region.

Shares of Myer Holdings Ltd (ASX: MYR) went up 11% with investors being pleased to see the department store business returning to profit.

The Domino’s Pizza Enterprises Ltd. (ASX: DMP) share price went up 0.8% after receiving a broker upgrade.

Retail Food Group Limited (ASX: RFG) shares ended the day down 12.5%, Labor Party leader Bill Shorten said he plans to increase the minimum wage today.

Shares of NIB Holdings Limited (ASX: NHF) finished flat despite being on the end of broker downgrade.

Finally, Splitit Ltd (ASX: SPT) shares rose 17.4%, marking yet another strong day for the small cap.

Here are some of today’s top stories:

Splitit surely has been the new best momentum share to own, but it’s probably risen well beyond a reasonable short term valuation. Instead, I’d rather own these top ASX shares instead.

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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Domino's Pizza Enterprises Limited and NIB Holdings 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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