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ALL ORDINARIES Ends Lower: Here’s What You Missed

Australia's ALL ORDINARIES (INDEXASX:XAO)(ASX:XAO) closed lower on Tuesday despite gains from Bellamy's Australia Ltd (ASX:BAL) and a2 Milk Company Ltd (Australia) (ASX: A2M).

The Australian ALL ORDINARIES (INDEXASX: XAO)(ASX: XAO) index closed 0.4% lower on Tuesday at 6,165 points.

Here are the shares which moved the All Ordinaries.

Biggest Gainers

  • Bellamy’s Australia Ltd (ASX: BAL) – up 25%
  • a2 Milk Company Ltd (Australia) (ASX: A2M) – up 6.5% (Why? Read more here)
  • Yancoal Australia Ltd (ASX: YAL) – up 6.2%
  • Treasury Wine Estates Ltd (ASX: TWE) – up 2.3%
  • Afterpay Touch Group Ltd (ASX: APT) – up 17%

Biggest Losers

  • Alumina Limited (ASX: AWC) – down 2.7%
  • Origin Energy Ltd (ASX: ORG) – down 2.7%
  • Santos Ltd (ASX: ATO) – down  2.2%
  • Speedcast International Ltd (ASX: SDA) – down 4.1%
  • Vocus Group Ltd (ASX: VOC) – down 2.8%

Amongst the Big Four banks, Westpac Banking Corp (ASX: WBC) was the worst performer, falling 0.8%. National Australia Bank Ltd. (ASX: NAB) shares ended 0.4% lower.

The big two miners, BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO), ended 0.7% and 0.6% lower, respectively. That’s despite Rio releasing its quarterly production statistics this morning, which showed an increase in production of most major product groups. Read more here.

Shares of infant formula and dairy companies rallied today following an ASX filing by Bellamy’s. This morning, Bellamy’s increased its profit and revenue guidance and provided an update on its China Food and Drug Administration (CFDA) approval. Read more here.

Afterpay Touch Group, the $1.2 billion buy-now pay-later financial company, updated the market on its progress in its second quarter of its financial year 2018. Afterpay reportedly had 1.5 million customers, up from 1.1 million at the end of last quarter. It expects to report half-year revenue of $60 million.

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