The S&P/ASX 200 (INDEXASX: XJO) (^AXJO) and All Ordinaries (INDEXASX: XAO)(^AORD) indices ended slightly lower on Thursday as ASX bank shares and Cochlear Limited (ASX: COH) shares weighed on the market.
All Ordinaries: down 0.2% at 5,911 points
ASX 200: down 0.2% at 5,815 points
ASX Movers
- Tabcorp Holdings (ASX: TAH) – up 2.6%
- AMP Limited (ASX: AMP) – up 1.7%
- Flight Centre Travel Group Ltd (ASX: FLT) – up 1.7%
ASX Losers
- Westpac Banking Corp (ASX: WBC) – down 0.6%
- Commonwealth Bank of Australia (ASX: CBA) – down 0.7%
- Cochlear Limited – down 1.7%
Australian Investing News
The big banks weighed on the ASX 200 today following weak overnight leads from Wall Street. Also amongst the worst performers were Cochlear and a2 Milk Company (ASX: A2M). Neither company released material news to the market.
Making news headlines today was Kogan.com Ltd (ASX: KGN), the online store owner. Today, the company announced a deal to launch a low-cost nbn internet service and its shares rose strongly. Read more: “Kogan.Com Ltd Shares Up After Launching NBN Service”
Bubs Australia Ltd (ASX: BUB) shares rose over 7% today following an ASX trading update and management presentation. The infant formula business revealed its third-quarter net sales were 422% higher compared to last year and up 180% from last quarter. However, net cash from operations fell.
Did you know it’s free to join The Rask Group’s Investor Club Newsletter? It’s a regular (usually weekly) news and educational update on financial markets, investing and unique strategies. Join today and get ready to laugh and learn.
Click here to join The Rask Group’s Investor Club Newsletter Today
Hey, you, read this disclaimer: This article contains information only. It is not financial advice. It is no substitute for trusted and licensed financial advice and should not be relied upon. By using our website you agree to our Code of Ethics, Disclaimer & Terms of Use and Privacy Policy. Also, don’t forget, past performance is not a reliable indicator of future performance.
