Australia’s S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished lower on Wednesday.
Here’s a short recap of the Australian market:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) lower 0.94% to 6,483.30
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) lower 0.83% to 6,572.60
- AUD/USD at US 68 cents
- Gold at US$1,503.13 an ounce
- Brent Oil at US$60.39 a barrel
The share price of Carsales.Com Ltd (ASX: CAR), the online classifieds business impressed investors with its FY19 result.
However, there were also some painful reactions to reports too. The A2 Milk Company Ltd (ASX: A2M) share price dropped 13.2% despite unveiling an impressive set of numbers in its result.
Finally, heavy equipment rental business Emeco Holdings Limited (ASX: EHL) suffered a 9% share price fall despite revealing some impressive operating growth numbers.
Here are some of today’s top stories:
- Domino’s share price fails to sizzle from FY19 report
- ASX investors are going nutty for the Select Harvests share price, up 9%
- Results: EML share price surges on 283% profit growth
- Results: Helloworld Travel reports profit growth of 24%
There were some impressive revenue and growth numbers reported today, but a lot of the day’s reactions comes down to expectations. These top ASX shares could be the best to own for 2020 and beyond.
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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 Nearmap Ltd. and WiseTech Global. The Motley Fool Australia owns shares of and has recommended Bapcor. The Motley Fool Australia owns shares of A2 Milk. The Motley Fool Australia has recommended carsales.com Limited 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.