Australia’s S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished lower on Wednesday.
Here’s a short recap of the Australian market:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) lower 0.94% to 6,483.30
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) lower 0.83% to 6,572.60
- AUD/USD at US 68 cents
- Gold at US$1,503.13 an ounce
- Brent Oil at US$60.39 a barrel
The best-performing ASX 200 share today was the McMillan Shakespeare Limited (ASX: MMS) share price which climbed 17.8% after reporting its FY19 result.
Another business to climb strongly was the WiseTech Global Ltd (ASX: WTC) share price which rose 11% in reaction to the FY19 report.
The share price of Carsales.Com Ltd (ASX: CAR), the online classifieds business impressed investors with its FY19 result.
Another share price to rise strongly was the Bapcor Ltd (ASX: BAP) share price, it went up 7% due to its continuing profit growth in FY19.
However, there were also some painful reactions to reports too. The A2 Milk Company Ltd (ASX: A2M) share price dropped 13.2% despite unveiling an impressive set of numbers in its result.
The share price of Iluka Resources Limited (ASX: ILU) fell 10.6% as it reported its half-year result to the market.
The Nearmap Ltd (ASX: NEA) share price dropped 9.5% after revealing its FY19 result to investors.
Finally, heavy equipment rental business Emeco Holdings Limited (ASX: EHL) suffered a 9% share price fall despite revealing some impressive operating growth numbers.
Here are some of today’s top stories:
- Domino’s share price fails to sizzle from FY19 report
- ASX investors are going nutty for the Select Harvests share price, up 9%
- Results: EML share price surges on 283% profit growth
- Results: Helloworld Travel reports profit growth of 24%
There were some impressive revenue and growth numbers reported today, but a lot of the day’s reactions comes down to expectations. These top ASX shares could be the best to own for 2020 and beyond.
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Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Nearmap Ltd. and WiseTech Global. The Motley Fool Australia owns shares of and has recommended Bapcor. The Motley Fool Australia owns shares of A2 Milk. The Motley Fool Australia has recommended carsales.com Limited and Nearmap 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.
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