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 0.77% to 6,776.70
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) higher 0.73% to 6,862.40
- AUD/USD at US 70 cents
- Gold at US$1,420.96 an ounce
- Brent Oil at US$64.02 a barrel
The best-performing ASX 200 share today was the share price of Eclipx Group Ltd (ASX: ECX) which rose by 7%.
Resource businesses were the biggest sufferers in the ASX 200. The share price of gold miner Regis Resources Limited (ASX: RRL) fell 11.75% – it released its June 2019 quarter report yesterday.
The Iluka Resources Limited (ASX: ILU) share price was another to suffer as it released its June 2019 quarterly numbers, it dropped by 10%.
Buy now, pay later business Zip Co Ltd (ASX: Z1P) released its June 2019 quarter numbers which included a lot of growth, sending the share price up more than 9%.
Here are some of today’s top stories:
- How to get rich with ASX shares
- Take Stock: 4,962 kilometres later…
- Is the Coles share price a buy with its deal with Accenture?
- Leading fundie rips into “incredibly expensive” growth shares claims value set to win big
Zip has impressed with its growth today, but I do wonder how much further these BNPL businesses can grow when they’re already known by a lot of consumers. I much prefer the idea of these great ASX shares.
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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 ZIPCOLTD FPO. The Motley Fool Australia owns shares of and has recommended Macquarie Group 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.