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ALL ORDINARIES finishes lower Wednesday: 8 shares you missed

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 0.31% to 6,553.00
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) lower 0.26% to 6,656.10
  • AUD/USD at US 68 cents
  • Gold at US$1,538.22 an ounce
  • Brent Oil at US$58.56 a barrel

The best-performing ASX 200 share today was the Metcash Limited (ASX: MTS) share price which rose 3.5%.

The falling share market helped the share prices of many gold companies rise today, such as the Northern Star Resources Ltd (ASX: NST) share price which increased by 3.2%.

Plumbing and pipe business Reece Ltd (ASX: REH) rose 0.1% after announcing a US-based bolt-on acquisition to the market.

The share price of Spark New Zealand Ltd (ASX: SPK) also climbed in reaction to an announced acquisition, it rose by 2.2%.

The Pilbara Minerals Ltd (ASX: PLS) share price was unmoved after the lithium miner went into a trading halt for a capital raising.

The share price of Commonwealth Bank of Australia (ASX: CBA) declined by 0.1% with Australia’s GDP growth being better than expected, but still the lowest annual growth amount since the GFC.

CSR Limited (ASX: CSR) saw its share price fall 6.6%, it recorded the heaviest decline in the ASX 200 today.

Finally, the share price of Medibank Private Limited (ASX: MPL) declined by 4% according to the ASX, after yesterday’s news of ACCC proceedings.

Here are some of today’s top stories:    

Australia’s economy is not in a strong position. It may get better soon, but I like the idea of owning these defensive shares for whatever happens next.

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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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.

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