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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 0.59% to 6,375.90
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) lower 0.56% to 6,430.00
  • AUD/USD at US 70 cents
  • Gold at US$1,272.15 an ounce
  • Brent Oil at US$71.82 a barrel

The best-performing ASX 200 share today was the Pilbara Minerals Ltd (ASX: PLS) share price which rose 9.1% with the market being very excited about the lithium sector.

The reason for the excitement was the large Wesfarmers Ltd (ASX: WES) bid for Kidman Resources Ltd (ASX: KDR), which sent the Kidman share price up 45%. The Wesfarmers share price dropped 0.4%.

At the red end of the ASX was the Pendal Group Ltd (ASX: PDL) share price which declined 13% because of a large drop in profit in its half year result.

The Telstra Corporation Ltd (ASX: TLS) share price dropped 1.2% as investors learned it is thinking about unlocking some value with the sale of a stake of some properties.

The share price of IOOF Holdings Limited (ASX: IFL) fell 5.2% in response to its March quarter update.

After learning of the dividend cut in the interim report, investors sent the National Australia Bank Ltd (ASX: NAB) down 0.3%.

Finally, the share price of Hansen Technologies Limited (ASX: HSN) rose 17.2% after announcing an exciting acquisition.

Here are some of today’s top stories:

5 stocks under $5

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Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Hansen Technologies. The Motley Fool Australia owns shares of and has recommended Telstra Limited and Wesfarmers Limited. The Motley Fool Australia owns shares of National Australia Bank Limited. The Motley Fool Australia has recommended Hansen Technologies. 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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