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) down 0.64% to 6,096.70
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.57% to 6,205.90
- AUD/USD at US 78.3 cents
- Gold at US$1,320.60 an ounce
- Oil at US$63.41 a barrel
The top performance in the ASX200 today was closely fought between Magellan Financial Group Ltd (ASX: MFG) and Platinum Asset Management Limited (ASX: PTM), rising by 4.69% and 4.55% respectively. Magellan was upgraded in a recommendation by a broker.
Altium Limited (ASX: ALU) has continued its ascent towards $14 by rising 1.69% to $13.87. Investors are getting very excited about the business' potential due to the 'Internet of Things' growth.
The gold miners didn't have a good day today after the gold price decreased again over the last 24 hours. Newcrest Mining Limited (ASX: NCM) fell by 2.33%, Evolution Mining Limited (ASX: EVN) declined by 1.97% and Northern Star Resources Ltd (ASX: NST) dropped by 2.99%.
The worst performers in the ASX200 all fell by more than 5%. Macquarie Atlas Roads Limited (ASX: MQA) went down 5.62%, HT&E Ltd (ASX: HT1) dropped 5.45%,the Pact Group Holdings Ltd (ASX: PGH) declined by 5.06% and Syrah Resources Ltd (ASX: SYR) fell by 5.03%.
Here are some of today's top stories:
- Kodak is launching a cryptocurrency, share price grows 117%
- Guess which ASX stock will get an earnings boost from Bomb Cyclones hitting the US
- Why the Vita Group Limited share price rocketed higher today
- Why the Praemium Ltd share price stormed to a record high today
- Why shares in Fatfish Internet Group Ltd surged higher today
