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 0.22% to 6,579.40
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) lower 0.18% to 6,665.20
- AUD/USD at US 67 cents
- Gold at US$1,524.16 an ounce
- Brent Oil at US$59.10 a barrel
The best-performing ASX 200 share today was the Speedcast International Ltd (ASX: SDA) share price which rose almost 20% after yesterday’s gain.
At the other end of the ASX 200 the worst performer was the TPG Telecom Ltd (ASX: TPM) share price which dropped almost 5%. Yesterday the share price of Telstra Corporation Ltd (ASX: TLS) dropped after investors learned of nbn rollout delays. The Telstra share price fell another 0.7%.
The Bellamy’s Australia Ltd (ASX: BAL) share price has recovered 5.3% today after the initial negative reaction to its recent report release.
The share price of Moelis Australia Ltd (ASX: MOE) fell 4.2% today after announcing a selective share buy-back.
Commodity business Western Areas Ltd (ASX: WSA) has seen its share price go up another 7.4% today, adding to yesterday’s green.
Finally, the Spark Infrastructure Group (ASX: SKI) share price fell 4.3% according to the ASX.
Here are some of today’s top stories:
- The RBA just admitted it’s considering MORE cash rate cuts
- Australia just posted a $5.8 billion budget surplus, time to load up on ASX shares?
- Will rising house prices lift ASX bank shares?
- Is the Vanguard Australian Share ETF the best long-term investment?
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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Limited. The Motley Fool Australia has recommended Bellamy's Australia. 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.