The Motley Fool

3 ASX 200 events you missed on Tuesday

It was another big day of ASX 200 trade on Tuesday as the S&P/ASX 200 Index (INDEXASX: XJO) added 47.40 points (+0.70%) to finish at 6,814.20 points.

There were a number of announcements and events as some of the biggest names on the ASX climbed higher (and lower).

Here are 3 things you may have missed on another huge day of domestic trade on Tuesday.

1. a2 Milk shares rocketed higher yesterday

The A2 Milk Company Ltd (ASX: A2M) led the ASX 200 gainers on Tuesday following a strong trading upgrade.

a2 Milk expects to deliver first-half revenue of NZ$780 million to NZ$800 million in 1H 2020. This represents significant year-on-year (YoY) growth for the New Zealand dairy group in FY 2020.

China was the key driver once again, while the company’s Fresh Milk segment is also growing nicely.

The a2 Milk share price surged higher following the news as investors bought up on the dairy stock.

2. WiseTech shares crashed out on the ASX 200 on Tuesday

While a2 Milk shares climbed higher, the WiseTech Global Ltd (ASX: WTC) share price wasn’t so lucky.

WiseTech shares crashed lower on the ASX 200 on Tuesday and finished down 7.69% at $26.65 per share.

The company’s annual general meeting (AGM) confirmation of its FY 2020 guidance was the big catalyst that sent WiseTech shares tumbling lower yesterday.

The company’s battles with short-seller J Capital also raged on, this time via Twitter, as investors headed for the exit.

WiseTech shares also trade at a lofty valuation, which is based on significant growth expectations for the Aussie logistics software group.

3. Kogan’s AGM caused its share price to plummet

It wasn’t a good day for companies holding AGMs as the Ltd (ASX: KGN) also fell lower yesterday.

Kogan shares crashed 6.59% to $7.09 on the ASX 200 on Tuesday despite earlier reaching a 52-week high of $7.92 per share.

Top 3 Dividend Shares To Buy For 2020

When Edward Vesely -- our resident dividend expert -- has a stock tip, it can pay to listen. With huge winners like Dicker Data (up 147%) and Collins Food (up 105%) under his belt, Edward is building an enviable following amongst investors that are planning for retirement.

In a brand new report, Edward has just revealed what he believes are the 3 best dividend stocks for income-hungry investors to buy now. All 3 stocks are paying growing fully franked dividends giving you the opportunity to combine capital appreciation with attractive dividend yields.

Best of all, Edward’s “Top 3 Dividend Shares To Buy For 2020” report is totally free to all Motley Fool readers.

Click here now to access this free report.

Motley Fool contributor Kenneth Hall has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of A2 Milk and WiseTech Global. The Motley Fool Australia has recommended 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.

FREE REPORT: Five Cheap and Good Stocks to Buy now…

Our Motley Fool experts have FREE report, detailing 5 dirt cheap shares that you can buy today.

One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

Another is a diversified conglomerate trading near a 52-week low all while offering a 2.7% fully franked yield…

Plus 3 more cheap bets that could position you to profit over the next 12 months!

See for yourself now. Simply click the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.