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 0.19% to 6,332.40
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) higher 0.09% to 6,416.70
- AUD/USD at US 70 cents
- Gold at US$1,325.90 an ounce
- Brent Oil at US$60.90 a barrel
The best-performing ASX 200 share today was the Metcash Limited (ASX: MTS) share price which rose by 3.4% thanks to a broker upgrade.
It was a painful day for the infant formula sector with the A2 Milk Company Ltd (ASX: A2M) share price dropping by 8.6% and the Bellamy’s Australia Ltd (ASX: BAL) share price falling 5.3% because China is attempting to grow the market share of its local infant formula producers.
The gold sector continues to climb thanks to concerns around market volatility and trade wars, which is why the Newcrest Mining Limited (ASX: NCM) share price rose by 0.35%.
The share price of Zip Co Ltd (ASX: Z1P) rose by 2.4% on the release of Australia’s retail figures, with the buy now, pay later industry being responsible for some areas of growth.
Finally, the share price of Australia and New Zealand Banking Group (ASX: ANZ) finished the day up 0.8% after not passing on the full RBA interest rate cut to borrowers.
Here are some of today’s top stories:
- Telstra has a painful plan to boost its share price
- Is this the best way to get international share market exposure?
- RBA cuts the interest rate to a new low but rates may not be going lower
- Leading broker names 5 high conviction ASX shares to buy in June
5 stocks under $5
We hear it over and over from investors, "I wish I had bought Altium or Afterpay when they were first recommended by The Motley Fool. I'd be sitting on a gold mine!" And it's true.
And while Altium and Afterpay have had a good run, we think these 5 other stocks are screaming buys. And you can buy them now for less than $5 a share!
*Extreme Opportunities returns as of June 5th 2020
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 Bravura Solutions Ltd and ZIPCOLTD FPO. The Motley Fool Australia owns shares of A2 Milk. The Motley Fool Australia has recommended Bellamy's Australia, Bravura Solutions Ltd, and GBST 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.