Australia's S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished higher on Wednesday.
Here's a short recap of the Australian market:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.25% to 6,037.70
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.18% to 6,146.50
- AUD/USD at US 80.7 cents
- Gold at US$1,341.49 an ounce
- Brent Oil at US$68.46 a barrel
The ASX indices have risen nicely today, inching away from the 6,000 barrier.
The biggest rise in the ASX200 today came from Sirtex Medical Limited (ASX: SRX), the share price rose by an enormous 45.78% on news that it could be acquired in a $1.58 billion deal.
Pharmacy companies Australian Pharmaceutical Industries Ltd (ASX: API) and Sigma Healthcare Ltd (ASX: SIG) also had excellent days today, rising by 4.17% and 4.07% respectively.
Treasury Wine Estates Ltd (ASX: TWE) finished the day up 0.71%, investors were mildly pleased with the company's half-year report.
Today wasn't a good day for energy and resource companies. The Beach Energy Ltd (ASX: BPT) share price was down 4.06% with the oil price down slightly. Lithium miners Pilbara Minerals Ltd (ASX: PLS) and Galaxy Resources Limited (ASX: GXY) are down 4.06% and 3.21% respectively on rumours that the lithium market could be oversupplied in the near future.
Credit Corp Group Limited's (ASX: CCP) share price has dropped further today after the market digested its half-year report.
Finally, imaging business Nearmap Ltd (ASX: NEA) rose by 4.35% after Morgan Stanley put an impressive price target on the business.
Here are some of today's top stories:
- Sirtex Medical Limited Board recommends takeover proposal
- ASIC slams financial planners. Are you being dudded?
- Revealed: Getswift Ltd reports revenues up 20% but cash receipts fall
- Credit Suisse warns these stocks will suffer in a "Bondcano" market meltdown
- Treasury Wine Estates Ltd delivers 37% profit growth: Should you invest?
