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ALL ORDINARIES finishes lower Friday: 8 shares you missed

Crash

Australia’s S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished lower on Friday.

Here’s a quick recap of the Aussie market:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 1.7%
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 1.6%
  • AUD/USD at US 76.9 cents
  • Gold at US$1,245 an ounce, down 0.3%
  • Oil at US$44.87 a barrel, up 0.3%

Leading the market lower were shares in real estate companies GPT Group (ASX: GPT), Stockland Corporation Ltd (ASX: SGP), Goodman Group (ASX: GMG) and Mirvac Group (ASX: MGR), which fell 3% or more. The sell-off appears to be a reaction to an overnight global market selloff, fears of falling property prices and a potential increase in official interest rates.

BT Investment Management Ltd (ASX: BTT) shares fell 7.7% after a bearish analyst report. Fairfax Media Limited (ASX: FXJ) shares fell 8.3% as investors fear a failed takeover bid from one of its two suitors.

At the other end of the market, few ASX blue chip shares posted gains. Origin Energy Ltd (ASX: ORG) rose 0.44% while mining business Minerals Resources Limited (ASX: MIN) rose 8%.

Here are some top stories:

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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.

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