Australia’s S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished lower on Tuesday.
Here’s a short recap of the Australian market:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) lower 2.44% to 6,478.10
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) lower 2.45% to 6,546.40
- AUD/USD at US 68 cents
- Gold at US$1,464.70 an ounce
- Brent Oil at US$60.44 a barrel
The best-performing ASX 200 share today was the Pinnacle Investment Management Group Ltd (ASX: PNI) share price which rose 10.6% thanks to impressive profit growth in its FY19 result.
Interestingly, despite the bad day for a lot of shares, the Fortescue Metals Group Limited (ASX: FMG) share price increased by 3.1% thanks to a strong Australian trade surplus.
It has been a shocking day for shareholders of Rural Funds Group (ASX: RFF), its share price fell 42% in reaction to a short report before going into a trading halt. However, management have said in The Australian that they will defend against the claims.
The BWP Trust (ASX: BWP) share price fell 1.8% after releasing its FY19 report which included a special distribution.
At the bottom of the ASX 200 the WiseTech Global Ltd (ASX: WTC) share price dropped 7.2% and the SEEK Limited (ASX: SEK) share price declined by 6.8%.
The Shopping Cntrs Austrls Prprty Gp Re Ltd (ASX: SCP) share price declined 0.8% as the real estate business reported its FY19 result.
Finally, the Centuria Industrial Reit (ASX: CIP) share price fell 1.25% after releasing its FY19 result.
Here are some of today’s top stories:
- The RBA kept rates on hold, but it won’t for long
- Magellan shares sink despite operating leverage growing on record $89.7b in FUM
- Is the ANZ share price a buy?
- Woolworths automation plans can’t stop share price sinking lower
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Tristan Harrison owns shares of RURALFUNDS STAPLED. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of WiseTech Global. The Motley Fool Australia owns shares of and has recommended RURALFUNDS STAPLED. The Motley Fool Australia owns shares of Shopping Centres Australasia Property Group. The Motley Fool Australia has recommended SEEK 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