The S&P/ASX 200 Index (ASX: XJO) finished 0.4% lower today.
Coronavirus news continues to dominate the headlines with Australia now focusing on the economic recovery.
Here are some of the ASX 200 highlights from the share market today:
JB Hi-Fi Limited (ASX: JBH) continues to perform
The company continues to perform well as it provides customers with the products they need to live, work and learn at home through the coronavirus.
In its FY20 third quarter update, JB Hi-Fi Australia sales were up 11.6%, The Good Guys sales were up 13.9% and JB Hi-Fi New Zealand's sales fell 3.3%. New Zealand has done a much stricter lockdown than Australia.
The company maintained that it wouldn't provide FY20 guidance. But you can see by the above numbers that the Australian businesses are performing admirably under the circumstances.
The JB Hi-Fi share price ended 3.4% higher. It was one of the better ASX 200 performers.
Magellan Financial Group Ltd (ASX: MFG) funds under management grows
The internationally-focused fund manager revealed today that its funds under management (FUM) rose by around $3 billion to $97 billion.
Magellan said that in April it experienced net inflows of $818 million, which included net retail inflows of $175 million and net institutional inflows of $643 million.
The Magellan share price rose by 3.7%.
Biggest movers on the ASX 200
Among the best performers on the ASX were the three high growth shares of Nearmap Ltd (ASX: NEA), Appen Ltd (ASX: APX) and Jumbo Interactive Ltd (ASX: JIN) rose 9.6%, 8.9% and 6.9% respectively.
At the red end of the ASX 200 the worst performer was the National Storage REIT (ASX: NSR) share price which dropped 6.5% after coming back to trade after its capital raising.
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Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of and recommends Jumbo Interactive Limited. The Motley Fool Australia owns shares of and has recommended Nearmap Ltd. The Motley Fool Australia owns shares of Appen Ltd. The Motley Fool Australia has recommended Jumbo Interactive Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
