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 0.39% to 6,716.10
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) higher 0.41% to 6,805.80
- AUD/USD at US 70 cents
- Gold at US$1,420.18 an ounce
- Brent Oil at US$67.28 a barrel
The best-performing ASX 200 share today was the Resolute Mining Limited (ASX: RSG) share price which increased by 9.75%.
The share price of coal miner Whitehaven Coal Ltd (ASX: WHC) rose by almost 5% after revealing its June quarter report.
The Australia and New Zealand Banking Group (ASX: ANZ) share price fell 0.8% after being told by APRA it needs to hold an extra $500 million of operational risk capital. However, the National Australia Bank Ltd (ASX: NAB) share price rose nearly 1% despite being told the same thing.
The share price of Monash IVF Group Ltd (ASX: MVF) fell 0.4% as the IVF provider announced an acquisition.
Other gold miners also had a strong day with the share price of Saracen Mineral Holdings Limited (ASX: SAR) rising by 4.7%.
The Netwealth Group Ltd (ASX: NWL) share price increased by 3.7% after issuing its June 2019 quarter business update.
Finally, the Michael Hill International Ltd (ASX: MHJ) share price dropped 8.8% after releasing its June 2019 trading update, but it also revealed the cost of fixing its staff remediation issue.
Here are some of today’s top stories:
- Is our love of dividends holding the ASX back?
- Why did Apple just pay Samsung nearly $700 million?
- Should you buy a house or invest in ASX shares?
- Where I’d invest $10,000 into ASX shares today
Today’s APRA requirement of three of the big four banks to hold more capital is yet another sign why I think it would be better to diversify a portfolio away from them and towards growing ASX businesses like these.
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- Richest man alive issues dire warning
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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 National Australia Bank Limited and Netwealth. 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