MENU

ASX retreats on Friday: 9 shares you should have been watching

The Sirtex Medical Limited (ASX: SRX) share price bounced back strongly today following yesterday’s heavy sell-down, but the broader market remained in the red.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.2% to 5727 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.1% to 5768 points
  • AUD/USD at US 74.25 cents
  • Iron Ore at US$61.60 a tonne, according to the Metal Bulletin
  • Gold at US$1,248.20 an ounce
  • Brent oil at US$52.80 a barrel

The Sirtex share price ended the session 9.5% higher, helping to reverse some of its decline after Thursday.

The oOh!Media Ltd (ASX: OML) share price fell 0.5%,  and the APN Outdoor Group Ltd (ASX: APO) share price rose 1.6%, after the pair confirmed they would not pursue a merger following concerns from the regulatory watchdog.

The gold miners suffered after the gold price retreated overnight. The Northern Star Resources Ltd (ASX: NST) share price dropped 4.5%, the Newcrest Mining Limited (ASX: NCM) share price lost 1.8%, and Beadell Resources Ltd (ASX: BDR) dropped 2.1%.

Once again, the banks struggled to gain traction. The Westpac Banking Corp (ASX: WBC) share price declined 1% and Australia and New Zealand Banking Group (ASX: ANZ) dropped 1.9%.

Fortescue Metals Group Limited (ASX: FMG) was among the market’s best performers, lifting 5.7%.

Here are Friday’s top stories:

  1. Why oOh!Media Ltd & APN Outdoor Group Ltd cancelled merger plans
  2. Here are 3 ways to profit from a weak Australian dollar
  3. Down 62% in a year, are Sirtex Medical Limited shares too cheap to ignore?

For Investors Who Are Anxious About 2017

You never know when the share market could take a turn, and it's always good to be prepared. That's why one Foolish expert is revealing 5 of his favorite dividend payers now. These "strong and steady" shares indicate a healthy stream of income plus capital gains...

But you must act now. This newly updated report is available for a limited time only, and your copy is 100% free. So don't miss out!

Simply click here to receive your free copy of "Our Top 5 ASX Dividend Shares to Earn You Money in 2017" right now.

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.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

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 Financial Services Guide (FSG) for more information.