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 0.57% to 6,710.20
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) lower 0.61% to 6,814.70
- AUD/USD at US 68 cents
- Gold at US$1,528.37 an ounce
- Brent Oil at US$62.59 a barrel
The falling oil price caused the Beach Energy Ltd (ASX: BPT) share price to decline by 5.6%.
Global news is having a negative effect on businesses that are affected by what’s going on in the world. The Magellan Financial Group Ltd (ASX: MFG) share price fell 4.7% today.
Another of the biggest falls today belonged to the Pro Medicus Limited (ASX: PME) share price which dropped 5.4%.
The share price of Fonterra Shareholders’ Fund (ASX: FSF) rose 0.3% after announcing it had achieved a $1 billion debt reduction.
The 1300 Smiles Limited (ASX: ONT) share price fell 0.3% as it reported it was looking into a potential large acquisition.
The share price of Kelly Partners Group Holdings Ltd (ASX: KPG) rose around 10% after making an acquisition announcement.
Finally, the share price of Bingo Industries Ltd (ASX: BIN) fell 4% after announcing it has agreed to sell Banksmeadow facility to CPE Capital for $50 million.
Here are some of today’s top stories:
- How many of these financial bucket list items can you tick off?
- 5 stocks to buy under $5
- Should you help out a friend with money?
- 3 reasons why I think Altium is the best ASX growth share to buy
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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 AFTERPAY T FPO. The Motley Fool Australia's parent company Motley Fool Holdings Inc. recommends Pro Medicus Ltd. The Motley Fool Australia owns shares of and has recommended Pro Medicus Ltd. The Motley Fool Australia has recommended 1300SMILES 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.
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