Australia's S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished higher on Tuesday.
Here's a short recap of the Australian market:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.60% to 5,855.90
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.63% to 5,957.00
- AUD/USD at US 78.7 cents
- Gold at US$1,318.27 an ounce
- Brent Oil at US$62.91 a barrel
The ASX indices have recovered somewhat today, with both indices closing the gap to 6,000. A lot of companies have reported today, here's how the market reacted to some of them.
Annuity giant Challenger Ltd (ASX: CGF) reported its half-year result today, with normalised net profit after tax growing by 6%. The share price finished the day slightly down by 0.16%.
Transurban Group (ASX: TCL) reported another strong result of growing traffic and toll revenue. The share price declined by 0.18%.
MNF Group Ltd (ASX: MNF) reported strong underlying growth, but investors were expecting more, the share price dropped by 8.18% today.
Cochlear Limited (ASX: COH) shareholders were not surprised by what they heard from its report, the Cochlear share price finished essentially flat, it dropped by 0.03%.
Lithium miners had a great day as they charged up the ASX's returns. Pilbara Minerals Ltd (ASX: PLS) increased by 9.43%, Galaxy Resources Limited (ASX: GXY) increased by 7.17% and Orocobre Limited (ASX: ORE) rose by 6.92%.
Finally, the Praemium Ltd (ASX: PPS) share price recovered by 4.65% today after its report yesterday.
Here are some of today's top stories:
- Why the Cochlear Ltd share price is falling on its profit result
- Strong profit growth drives Transurban Group shares higher
- Orocobre Limited shares race higher on broker upgrade
- MNF Group Ltd grows profit 25% but share price slides on investment plans
- Why Independence Group NL and its microcap partner surged today
