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 0.66% to 5,935.30
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.57% to 6,042.60
- AUD/USD at US 78.8 cents
- Gold at US$1,326.95 an ounce
- Brent Oil at US$64.49 a barrel
The ASX indices have dropped today further today.
The National Australia Bank Ltd (ASX: NAB) share price has dropped by 1.22% today after the banking royal commission entered its second day.
Telstra Corporation Ltd (ASX: TLS) fell by 2.64% today after investors fled the telco with Labor promising to remove franking credit refunds from the tax system.
Lithium companies Galaxy Resources Limited (ASX: GXY) and Orocobre Limited (ASX: ORE) were two of the top performers today as they rose by 9.06% and 5.59% respectively.
Gold miners were also top performers with global markets rattled by President Trump firing Rex Tillerson as well as the latest news of the alleged Russian spy attack in the UK. St Barbara Ltd (ASX: SBM) was the pick of the bunch as it rose by 5.56%.
Blackmores Limited (ASX: BKL) was another to perform well today as the vitamin and nutrition company's share price rose by 4.95% on no news.
Farmland business Rural Funds Group (ASX: RFF) rose by 4.17% today as UBS rated it a buy.
Finally, Retail Food Group Limited (ASX: RFG) dropped by a further 4.8% as bears continue to outweigh the optimists on the franchisor's future.
Here are some of today's top stories:
