Australia’s S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished higher on Thursday.
Here’s a short recap of the Australian market:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) higher 0.69% to 6,327.80
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) higher 0.73% to 6,417.50
- AUD/USD at US 69 cents
- Gold at US$1,296.89 an ounce
- Brent Oil at US$72.18 a barrel
The best-performing ASX 200 share today was the Xero Limited (ASX: XRO) share price after the cloud accounting company reported its result today with it making a small profit in the second half of the year.
Investors got excited again about the Avita Medical Ltd (ASX: AVH) share price after a report said that Avita’s offering is cost-saving or cost-neutral and results in a reduced length of hospital stay.
It was a bad day for shareholders of a couple of companies as they lowered profit guidance. The BWX Ltd (ASX: BWX) share price dropped 15% as the natural beauty business announced even lower profit expectations and another CEO.
At the red end of the ASX 200 was the McMillan Shakespeare Limited (ASX: MMS) share price which declined 4%.
The Lynas Corporation Ltd (ASX: LYC) share price had a strong day as it rose 6.8%.
Here are some of today’s top stories:
- Does this 1 statistic tell us that Australia is headed for a recession?
- Is the recovery in the ASX 200 a “dead cat” bounce?
- The Telstra share price just hit a 52-week high
- These are the ASX shares I’d buy with $10,000
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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 EXPERNCECO FPO. The Motley Fool Australia owns shares of and has recommended BWX Limited. The Motley Fool Australia owns shares of Xero. The Motley Fool Australia has recommended EXPERNCECO FPO. 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.