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 0.61% to 6,097.80
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.58% to 6,198.70
- AUD/USD at US 75 cents
- Gold at US$1,311.78 an ounce
- Brent Oil at US$78.22 a barrel
The Link Administration Holdings Ltd (ASX: LNK) share price was one of the best performers in the ASX200, it went up 5.3% after updating the market to say that the recent Budget superannuation changes could mean roughly a $50 million hit to revenue. However, it has some mitigating factors that could limit the impact.
Automotive Holdings Group Ltd (ASX: AHG) shares fell by 9.1% after the car dealership business announced that it was operating in challenging trading conditions.
The Healthscope Ltd (ASX: HSO) share price has fallen 2.7% after AustralianSuper said it would reject the higher Brookfield offer.
TV company Seven West Media Ltd (ASX: SWM) didn't make good viewing for shareholders as the share price dropped by 7.3%.
Telstra Corporation Ltd (ASX: TLS) shares dropped a further 4.9% after telling investors yesterday it would only hit the minimum figure of its profit guidance.
The share price of GWA Group Ltd (ASX: GWA) fell by 4.8%, losing most of its gains after announcing the sale of its door business.
Ruralco Holdings Ltd (ASX: RHL) finished the day up 0.32% after reporting a pleasing increase in its profit.
Finally, the Whitefield Limited (ASX: WHF) share price went down by 0.43% after reporting its full-year result.
Here are some of today's top stories:
