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ALL ORDINARIES finishes lower Thursday: 10 shares you missed

Tristan Harrison
ASX main board

Australia’s S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished lower on Thursday.

Here’s a short recap of the Australian market:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) lower 2.74% to 5,883.80
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) lower 2.76% to 5,993.40
  • AUD/USD at US 71 cents
  • Gold at US$1,193.90 an ounce
  • Brent Oil at US$81.58 a barrel

It has been a bruising day for the ASX with resource businesses, banks and technology stocks all dropping heavily.

To start positively, the best-performing ASX 200 share today was gold miner Evolution Mining Limited (ASX: EVN), its share price rose 6.3% with the Board approving the Mt Carlton Underground Mine. Indeed, the whole gold sector did well today.

Tech shares were truly pummelled. Afterpay Touch Group Ltd (ASX: APT) shares dropped 11%, WiseTech Global Ltd (ASX: WTC) shares fell 10.5% and Altium Limited (ASX: ALU) shares went down 7.9%.

The share price of Transurban Group (ASX: TCL) fell only 0.5% today after revealing that traffic grew in the September 2018 quarter.

Bank shares were hurt heavily today with the Commonwealth Bank of Australia (ASX: CBA) share price down 2.9% and the Westpac Banking Corp (ASX: WBC) share price dropped 2.6%. Both of the banks’ CEOs appeared before a MP hearing in Canberra for more grilling.

Resource shares also felt the pain, BHP Billiton Limited (ASX: BHP) shares declined 3.8%.

Somehow, global packaging business Amcor Limited (ASX: AMC) managed to increase its share price by 1.6% today due to management saying at its AGM that the start of FY19 was going well.

Finally, the Baby Bunting Group Ltd (ASX: BBN) share price fell 1.6% today despite the baby product retailer saying that it expects significant growth in FY19.

Here are some of today’s top stories:

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Motley Fool contributor Tristan Harrison owns shares of Altium. The Motley Fool Australia owns shares of and has recommended Transurban Group. The Motley Fool Australia owns shares of AFTERPAY T FPO, Altium, and WiseTech Global. 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.

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