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.
Here are some top stories:
- 3 growth stocks with growing dividends
- Why the BT Investment Management Ltd share price is down 57% in three months
- Broker names companies to profit from Australia’s changing property prices
- A chartist’s valuation of Commonwealth Bank of Australia (CBA) shares
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.
- ALL ORDINARIES finishes higher Monday: 10 shares you missed – October 30, 2017 4:44pm
- Are these the secrets behind Australia’s best ASX investors? – October 30, 2017 3:43pm
- My Aussie Share Market Investing Do’s of 2017/2018 – October 30, 2017 1:13pm