The S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) ended flat on Wednesday, as the Telstra Corporation Ltd (ASX: TLS) share price and Vocus Group Ltd (ASX: VOC) share price slumped.
Here's a quick recap of global markets:
- FTSE 100 (UK): up 0.2%
- DAX (Germany): down 0.5%
- CAC 40 (France): up 0.1%
- Dow Jones (USA): flat
- NASDAQ (USA): down 0.2%
Here are today's key stats:
- ASX 200: flat
- All Ordinaries (ASX: XAO) (Index: ^AXAO): flat
- Australian dollar (A$) (AUDUSD): 74.98 cents
- Gold price: up 1.6%
- Copper: up 0.3%
- WTI Crude Oil: up 0.6%
- Iron ore: $US74.87 a tonne, according to The Metal Bulletin
On the ASX, Telstra shares fell more than 7% while Vocus shares fell over 5%. Shares in the telco companies were sold off following an update from rival TPG Telecom Ltd (ASX: TPM) which said it was successful in acquiring crucial mobile network spectrum. The purchase will see TPG, which also owns iiNet, roll out a 4G network in major Australian cities.
Also in the sea of red, shares of Fortescue Metals Group Limited (ASX: FMG) tumbled 1.8% while Mayne Pharma Group Ltd (ASX: MYX) fell 2.5%.
In positive territory was PUSHPAY FPO NZX (ASX: PPH), Saracen Mineral Holdings Limited (ASX: SAR) and SKY and Space Global Ltd (ASX: SAS) shares were amongst the ASX's best performers.
Here are today's top stories:
