Australia's S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished higher on Thursday.
Here's a short recap of the Australian market:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) higher 0.75% to 6,568.10
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) higher 0.82% to 6,642.30
- AUD/USD at US 68 cents
- Gold at US$1,500.65 an ounce
- Brent Oil at US$57.81 a barrel
The best-performing ASX 200 share today was the Galaxy Resources Limited (ASX: GXY) share price which rose by 10.9% in a very strong day for lithium businesses with the share price of Pilbara Minerals Ltd (ASX: PLS) also being one of the day's top performers, it rose by 8.2%.
However, reporting season led to some declines today. A fall in cash earnings sent the share price of Insurance Australia Group Ltd (ASX: IAG) down by 5%.
The AGL Energy Ltd (ASX: AGL) share price also suffered a 4.6% fall with the energy business predicting a profit fall in FY20.
The share price of Infratil Ltd (ASX: IFT) rose by 4.3% after announcing the sale of Perth Energy to AGL.
Another business to report today was AMP Limited (ASX: AMP), however it went into a trading halt to undertake a capital raising.
The Rural Funds Group (ASX: RFF) share price roared back 41.2% today as management refuted all of the claims made by the short seller and pointed to the engagement of Ernest & Young to independently check over the matters raised as a sign of Rural Funds' claims that it has done nothing wrong.
Finally, the share price of Nick Scali Limited (ASX: NCK) increased by 5.5% after it reported its FY19 result showing revenue and profit growth.
Here are some of today's top stories:
