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