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 1.59% to 6,546.30
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) higher 1.52% to 6,624.40
- AUD/USD at US 70 cents
- Gold at US$1,326.18 an ounce
- Brent Oil at US$62.72 a barrel
The share price of Vocus Group Ltd (ASX: VOC) share price rose 8.9% after receiving a takeover offer. The interested bidder is AGL Energy Ltd (ASX: AGL), but its share price fell by 7.2% in reaction to the news.
Gold miners were punished as a group with the share market growing today. The worst decline was the Regis Resources Limited (ASX: RRL) share price which dropped 4.4%.
The share price of Costa Group Holdings Ltd (ASX: CGC) rose 6.5% after some insider buying.
Finally, the Link Administration Holdings Ltd (ASX: LNK) share price fell a further 0.5% due to providing an update on the sale of its corporate and private clients business.
Here are some of today’s top stories:
- Where I’d invest $10,000 into ASX shares
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- Why the BWX share price zoomed 12% higher today
- Prospa IPO: Are shares in this fintech lender a buy?
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Motley Fool contributor Tristan Harrison owns shares of COSTA GRP FPO. The Motley Fool Australia has recommended COSTA GRP FPO, Link Administration Holdings Ltd, and Nearmap Ltd. 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.