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 0.55% to 6.660.20
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) lower 0.56% to 6,773.20
- AUD/USD at US 69 cents
- Gold at US$1,485.60 an ounce
- Brent Oil at US$62.66 a barrel
The Pendal Group Ltd (ASX: PDL) share price rose 9.5% after the fund manager announced its FY19 result to investors.
The share price of Medibank Private Limited (ASX: MPL) fell 8.5% after providing an update on its outlook for FY20. However, NIB Holdings Limited (ASX: NHF) also gave an update which saw the share price improve from the day’s low, ending 2.2% lower.
The share price of Speedcast International Ltd (ASX: SDA) is down another 6% after its credit rating was reduced.
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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 Corporate Travel Management Limited. The Motley Fool Australia has recommended Brickworks and NIB Holdings 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.