It was another strong day for the S&P/ASX 200 Index (INDEXASX: XJO) on Wednesday as the ASX 200 climbed 0.68% higher to 6,752.60 points.
The broader All Ordinaries Index (INDEXASX: XAO) also posted strong gains, closing 0.60% higher at 6,853.20 points.
It was also a good day for most of the ASX major sectors, led by Utilities (+1.64%) and Communication Services (+1.09%).
Information Technology (-0.82%) and A-REITs (-0.41%) were the only ASX 200 sectors to close lower on Wednesday.
Here’s a look at 3 of the biggest news items and events you missed on another big day of trade in Aussie equities.
1. Webjet shares led the ASX 200 gainers with 9.61% surge
The Webjet Ltd (ASX: WEB) share price rocketed 9.61% higher yesterday to head up the ASX 200 leaderboard on Wednesday.
Webjet shares surged on the group’s response to media speculation about a potential takeover. Management didn’t deny the rumours that the business is being shopped around to overseas investors by investment bankers.
This non-response of sorts seemed to have buoyed speculators to buy the stock and drive it higher on Wednesday.
2. Graincorp share price falls as new CEO announced
The Graincorp Ltd (ASX: GNC) share price fell 0.78% lower to $7.64 per share on Wednesday after the ASX 200 company unveiled its new CEO.
Graincorp announced Robert Spurway to be the new CEO following its planned malt business demerger in 2020.
Mr. Spurway is currently COO of Fonterra Shareholders’ Fund (ASX: FSF) and has over 25 years experience in food and dairy.
However, the ASX 200 agriculture stock continued to slide lower on Wednesday and is down 15.39% this year.
3. WAAAX stocks slump lower in bad day for tech
The ‘WAAAX’ group of Aussie tech stocks had a difficult day as the Information Technology sector slumped lower.
Altium Limited (ASX: ALU) shares fell 2.56% lower after Goldman Sachs moved the ASX 200 tech stock to ‘Neutral’ on Wednesday.
It was a similar story for the rest of the group with Appen Ltd (ASX: APX) falling 2.03% and the others down 1–2% yesterday.
We hear it over and over from investors, "I wish I had bought Altium or Afterpay when they were first recommended by The Motley Fool. I'd be sitting on a gold mine!" And it's true.
And while Altium and Afterpay have had a good run, we think these 5 other stocks are screaming buys. And you can buy them now for less than $5 a share!
*Extreme Opportunities returns as of June 5th 2020
Motley Fool contributor Kenneth Hall has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Altium and Appen Ltd. The Motley Fool Australia has recommended Webjet 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.
- Should you buy Fortescue shares at an all-time high? – July 16, 2020 8:53am
- Up 31% in 1 month: is the Saracen share price a buy? – July 16, 2020 8:34am
- 3 reasons the Openpay share price is better than Afterpay – July 16, 2020 8:21am