Australia’s S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished lower on Tuesday.
Here’s a short recap of the Australian market:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) lower 0.33% to 6,568.50
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) lower 0.33% to 6,648.10
- AUD/USD at US 68 cents
- Gold at US$1,524.24 an ounce
- Brent Oil at US$58.21 a barrel
The best-performing ASX 200 share today was the Fortescue Metals Group Limited (ASX: FMG) share price which rose 3.6%.
The share price of Magellan Financial Group Ltd (ASX: MFG) was unmoved because it went into a trading halt to do a capital raising to fund a new listed trust, as well as reveal its FY19 result.
The Auckland International Airport Limited (ASX: AIA) share price fell 0.4% after revealing its monthly passenger numbers.
The share price of Arena REIT No 1 (ASX: ARF) fell by over 1% due to its FY19 result and the guidance for FY20, even though it predicted distribution growth of almost 6% for this year.
At the bottom of the ASX 200 table was the share price of lithium miner Orocobre Limited (ASX: ORE) which fell by 6.4%.
The share price of Centuria Capital Group (ASX: CNI) fell 0.5% due to the numbers it reported in its FY19 result.
Finally, the Wam Microcap Ltd (ASX: WMI) share price finished 0.8% higher after it revealed what its FY19 dividend would be before the market had shut.
Here are some of today’s top stories:
- Magellan offers ‘free’ units & rules out retirement income product to disrupt Challenger Ltd
- Where should you invest your first $500?
- 2 reasons why tech shares keep outperforming the share market
- Don’t let fake news (or the Deep State) take your money…
Magellan has proven to be a good growth share and a good dividend share. These leading ASX shares could also be the next ideas for income and growth.
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Motley Fool contributor Tristan Harrison owns shares of WAM MICRO FPO. The Motley Fool Australia owns shares of and has recommended Challenger 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.