The local share market edged higher again today with a number of businesses recording significant movements in their share prices.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.4% to 5359 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.3% to 5427 points
  • AUD/USD at US 73.94 cents
  • Iron Ore at US$73.55 a tonne, according to the Metal Bulletin
  • Gold at US$1,208.74 an ounce
  • Brent oil at US$46.12 a barrel

iCar Asia Ltd (ASX: ICQ) soared 31.6% after Carsales.Com Ltd (ASX: CAR) said it was not looking to sell its stake in the business.

Thorn Group Ltd (ASX: TGA) rose 4.9% after its sharp fall earlier in the week as well, while Silver Chef Ltd (ASX: SIV) travelled in the opposite direction. It slipped 10.6% after it provided a market update and detailed a material fraud event within its business.

The gold miners slipped again on further falls in the gold price (likely due to the stronger US dollar). Northern Star Resources Ltd (ASX: NST) fell 3.2% and Beadell Resources Ltd (ASX: BDR) slipped 4%.

Telstra Corporation Ltd (ASX: TLS) was one of the biggest movers from the blue chips. It rose 1.9%, while Westfield Corp Ltd (ASX: WFD) gained 3.4%.

Mesoblast limited (ASX: MSB) was one of the best performing shares for the day, lifting 4.9%. Myer Holdings Ltd (ASX: MYR) also soared 14.4%.

Coal miner Whitehaven Coal Ltd (ASX: WHC), on the other hand, slipped 8.9% and Platinum Asset Management Limited (ASX: PTM) fell 3.2%.

Here are Friday’s top stories:

  1. Gold sinks to lowest price in 5 months: More falls to come
  2. Why Myer Holdings Ltd shares could keep moving higher
  3. Why the iCar Asia Ltd share price soared 29% today
  4. 4 growth shares that I would buy with $30,000
  5. Is Telstra Corporation Ltd a good company for new investors?
  6. Is the Pizza Hut – Eagle Boys merger a threat to Domino’s Pizza Enterprises Ltd?

Why These 3 Blue Chip Shares Are Set to Soar for Smart Investors

Discover The Motley Fool's Top 3 blue chips for Smart Investors. These 3 'new breed' shares pay fully franked dividends AND offer the prospect of significant capital appreciation. Simply click here to gain access to this comprehensive FREE investment report.

No credit card required!

HOT OFF THE PRESSES: Motley Fool’s #1 Dividend Pick for 2017!

With its shares up 155% in just the last five years, this ‘under the radar’ consumer favourite is both a hot growth stock AND our expert’s #1 dividend pick for 2017. Now we’re pulling back the curtain for you... And all you have to do to discover the name, code and a full analysis is enter your email below!

Simply enter your email now to receive your copy of our brand-new FREE report, “The Motley Fool’s Top Dividend Stock for 2017.”

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our https://www.fool.com.au/financial-services-guide">Financial Services Guide (FSG) for more information.

Motley Fool contributor Ryan Newman has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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 Bruce Jackson.