MENU

S&P/ASX 200 finishes higher Friday: 9 shares you missed

The S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) ended higher on Friday with gains from Fortescue Metals Group Limited (ASX: FMG) and losses from Coca-Cola Amatil Ltd (ASX: CCL).

Here’s a quick recap of global markets:

  • FTSE 100 (UK): up 0.1%
  • DAX (Germany): up 0.1%
  • CAC 40 (France): up 1.5%
  • Dow Jones (USA): up 0.8%
  • NASDAQ (USA): up 0.8%

Here are today’s key stats:

  • ASX 200: up 0.6%
  • All Ordinaries (ASX: XAO) (Index: ^AXAO): up 0.5%
  • Australian dollar (A$) (AUDUSD): 75.35 cents
  • Gold price: up 0.2%
  • Copper: up 0.2%
  • WTI Crude Oil: down 0.5%
  • Iron ore: up 2.2% to $US65.36 a tonne, according to The Metal Bulletin

Among the ASX’s best-performing shares was DUET Group (ASX: DUE). Today, the energy and utility company announced that the Foreign Investment Review Board approved its takeover by CKI.

The Fortescue Metals Group share price also rallied strongly, finishing more than 5% higher. The catalyst behind the rise appears to be a modest increase in iron ore prices overnight, which came after weeks of heavy falls.

Also, Mesoblast Limited (ASX: MSB), Iluka Resources Limited (ASX: ILU) and Mineral Resources Limited (ASX: MIN) were amongst the best performing mid-cap companies.

At the other end of town, Coca-Cola Amatil shares were heavily discounted by investors following another profit downgrade.

TPG Telecom Ltd (ASX: TPM), Vocus Group Ltd (ASX: VOC) and NIB Holdings Limited (ASX: NHF) shares also continued their recent falls.

Here are today’s top stories:

If you are nervous about the share market in 2017, you should prepare for it by reading our expert analyst's report.

For Investors Who Are Anxious About 2017

In 2017, the share market could have its most volatile year ever. That's why one Foolish expert is revealing 5 of his favorite dividend payers now. These "strong and steady" shares promise 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 Owen Raszkiewicz does not have a financial interest in any company mentioned. Owen encourages your feedback. You can follow him on Twitter @OwenRask.

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.