Australia’s S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished higher on Thursday.
Here’s a short recap of the Australian market:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) higher 0.75% to 6,568.10
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) higher 0.82% to 6,642.30
- AUD/USD at US 68 cents
- Gold at US$1,500.65 an ounce
- Brent Oil at US$57.81 a barrel
The best-performing ASX 200 share today was the Galaxy Resources Limited (ASX: GXY) share price which rose by 10.9% in a very strong day for lithium businesses with the share price of Pilbara Minerals Ltd (ASX: PLS) also being one of the day’s top performers, it rose by 8.2%.
However, reporting season led to some declines today. A fall in cash earnings sent the share price of Insurance Australia Group Ltd (ASX: IAG) down by 5%.
The AGL Energy Ltd (ASX: AGL) share price also suffered a 4.6% fall with the energy business predicting a profit fall in FY20.
The share price of Infratil Ltd (ASX: IFT) rose by 4.3% after announcing the sale of Perth Energy to AGL.
Another business to report today was AMP Limited (ASX: AMP), however it went into a trading halt to undertake a capital raising.
The Rural Funds Group (ASX: RFF) share price roared back 41.2% today as management refuted all of the claims made by the short seller and pointed to the engagement of Ernest & Young to independently check over the matters raised as a sign of Rural Funds’ claims that it has done nothing wrong.
Finally, the share price of Nick Scali Limited (ASX: NCK) increased by 5.5% after it reported its FY19 result showing revenue and profit growth.
Here are some of today’s top stories:
- 3 reasons why investing in ETFs is so easy
- Here’s where I would invest $10,000 into ASX shares today
- Kogan launches Carsales rival Kogan Cars
- Why I think beginner investors should avoid the Big 4 banks
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Motley Fool contributor Tristan Harrison owns shares of RURALFUNDS STAPLED. The Motley Fool Australia owns shares of and has recommended RURALFUNDS STAPLED. The Motley Fool Australia owns shares of Insurance Australia Group 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.
The Motley Fool's purpose is to help the world invest, better. Click here now for your free subscription to Take Stock, The Motley Fool's free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson. 2019