Australia's S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished lower on Tuesday.
Here's a short recap of the Australian market:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.39% to 5,936.40
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.39% to 6,060.80
- AUD/USD at US 77 cents
- Gold at US$1,316.65 an ounce
- Brent Oil at US$66.53 a barrel
The best result in the ASX200 today came from Retail Food Group Limited (ASX: RFG), it rose by 6.67% on no news today. Investors are unsure whether it could fall further or if it's good value these days.
Fairfax Media Limited (ASX: FXJ) was the second best performer as it rose by 4.29% after it was announced that multiple directors increased their holding of the company. Traditional media businesses seem to be coming back into fashion at the moment.
The TPG Telecom Ltd (ASX: TPM) share price declined by 4.64% today after reporting, investors weren't pleased with the declining profit, even though management upgraded the EBITDA guidance.
Kathmandu Holdings Ltd's (ASX: KMD) share price didn't move today because it went into a trading halt after announcing its half year report and it also announced a US acquisition to be funded by a capital raising.
The Helloworld Travel Ltd (ASX: HLO) share price went down by 1.69% today after announcing yet another acquisition, it will be funded by existing cash reserves.
Another company to report today was New Hope Corporation Limited (ASX: NHC), it revealed a record profit. The share price rose by 2.44% today in response to the report.
Seek Limited (ASX: SEK) declined by just over 2% today after a broker changed its rating to a sell due to the imminent arrival of Google For Jobs into Australia.
Finally, BHP Billiton Limited (ASX: BHP) declined by nearly 2% today on no news.
Here are some of today's top stories:
