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 0.73% to 5,789.50
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.75% to 5,899.20
- AUD/USD at US 77 cents
- Gold at US$1,341.25 an ounce
- Brent Oil at US$69.64 a barrel
The best result in the ASX200 today came from Graincorp Ltd (ASX: GNC), the food company went up by 2.9% today on no news.
Another top performer was Ausdrill Limited (ASX: ASL) which went up by 2.28% today as investors became more positive on the mining and energy services company.
It was a terrible day for lithium stocks, Orocobre Limited (ASX: ORE) fell by 4.67%, Galaxy Resources Limited (ASX: GXY) dropped by 4.64% and Pilbara Minerals Ltd (ASX: PLS) declined by 3.98%.
The Rio Tinto Limited (ASX: RIO) share price declined by 1.04% after it announced it would sell its Kestrel Mine for US$2.25 billion.
a2 Milk Company Ltd (ASX: A2M) plummeted by 7.52% today with Nestle announcing that it would be coming out with its own a2 protein formula.
The SKY Network Television Limited (ASX: SKT) share price fell by 7% today after it was announced that the CEO would retire in 12 months.
Finally, Billabong International Limited (ASX: BBG) finished the day up by 14.29% after shareholders approved the takeover offer.
Here are some of today's top stories:
