Australia's S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished lower on Thursday.
Here's a short recap of the Australian market:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) lower 2.83% to 5,664.10
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) lower 2.82% to 5,759.50
- AUD/USD at US 71 cents
- Gold at US$1,232.95 an ounce
- Brent Oil at US$75.70 a barrel
The best-performing ASX 200 share today was rare earth business Lynas Corporation Ltd (ASX: LYC), it rose 7.3% after giving its quarterly update.
The ASX was a sea of red today. Some of the heaviest declines belonged to tech businesses Afterpay Touch Group Ltd (ASX: APT) and Altium Limited (ASX: ALU) which were down 4.4% and 5.5% respectively.
Super Retail Group Ltd (ASX: SUL) shares fell another 10.2% today after revealing its trade update yesterday and announcing it will be looking for a new CEO.
The Qantas Airways Limited (ASX: QAN) share price dropped 4.6% on market turbulence, despite a record quarter of revenue.
Shares of Blackmores Limited (ASX: BKL) were also savaged 5.4% after it reported a 15% increase of revenue its first quarter update.
Plumbing business Reece Ltd (ASX: REH) revealed strong like for like sales growth in its trading update, however its share price fell 3.5% today.
Iron ore miner Fortescue Metals Group Limited (ASX: FMG) shares dropped 5.7% despite reporting an increase in the price of its lower-grade iron ore.
By far, the worst fall in the ASX 200 belonged to AMP Limited (ASX: AMP). Its share price declined nearly 25% after announcing a large divestment of AMP Life for $3.3 billion.
Finally, electronics and household goods retailer JB Hi-Fi Limited (ASX: JBH) dropped almost 3% after reporting solid sales growth across its business in the first quarter of FY19.
Here are some of today's top stories:
