Australia’s share market, or the All Ordinaries (INDEXASX: XAO)(ASX: XAO), closed firmly lower on Wednesday.
Biggest Movers
- Yancoal Australia Ltd – up 7.1%
- Qantas Airways Limited – up 0.8%
- Virgin Australia Holdings Ltd – up 3.9%
- Platinum Investment Management Limited – up 4.6%
- Magellan Financial Group Ltd – up 4.7%
Biggest Losers
- Macquarie Atlas Road Limited – down 5.6%
- Pact Group Holdings Ltd – down 5%
- Syrah Resources Ltd – down 5%
- A2 Milk Company Australia Ltd – down 3.4%
- Transurban Group – down 2.7%
Amongst the Big Four banks and miners, Commonwealth Bank of Australia (ASX: CBA) was the worst performer, falling 0.7%. Westpac Banking Corp (ASX: WBC) rose 0.2%.
Further down the market, shares of Pushpay Holdings Ltd fell 2.5% despite a promising market update this morning. Read more here.
Retail Food Group Limited (ASX: RFG), the owner of Gloria Jeans and other fast casual dining chains, fell 0.9% after a market update. RFG confirmed the conclusion of its UK Master Franchise Agreements for Crust Gourmet Pizza and Donut King.
Finally, shares of medical cannabis companies Auscann Group Holdings Ltd and Cann Group Ltd fell 12% and 5.3%, respectively. The Government recently announced the approval of medical cannabis exports to international markets. You can read the update here.
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Tweet of the day
"Being born in America in 1900 gave you a 79% chance of living for five years. Today, the five-year survival rate for non-Hodgkin’s lymphoma is 82%. So just being a kid 1900 was riskier than having lymphoma is today."@morganhousel https://t.co/ww1N9Mvoaf
— Gareth Brown (@forager_gareth) January 9, 2018
