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 short recap of the Australian market:
S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.38% to 6,065.10
ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.36% to 6,167.30
AUD/USD at US 78 cents
Gold at US$1,294.40 an ounce
Oil at US$59.85 a barrel
One of the bigger movers of the day was Myer Holdings Ltd (ASX: MYR), which rose by 4.76%. With no news coming out of the company, it could be due to reports that late Christmas Day shopping and Boxing Day…
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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 short recap of the Australian market:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.38% to 6,065.10
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.36% to 6,167.30
- AUD/USD at US 78 cents
- Gold at US$1,294.40 an ounce
- Oil at US$59.85 a barrel
One of the bigger movers of the day was Myer Holdings Ltd (ASX: MYR), which rose by 4.76%. With no news coming out of the company, it could be due to reports that late Christmas Day shopping and Boxing Day sales have been better than expected for a lot of retailers.
Another share to rise strongly was Retail Food Group Limited (ASX: RFG), the share price rose by 4.22% today. Traders and shareholders seem to be acting like a seesaw on the share price, with it rising and falling by a large amount each day.
Orocobre Limited (ASX: ORE) finished the day being up by 2.2%. Investors are betting big that electric vehicles and home batteries drive lithium prices higher over the next few years. They could be right.
The MMJ Phototech Ltd (ASX: MMJ) share price was lit up today with news that it had completed its $2 million investment in Weed Me Inc. The share price finished 3.57% higher today.
One of the bigger falls today came from Breville Group Ltd (ASX: BRG), the share price was down 2.7%. This was likely due to profit taking after the share price rose 3.7% yesterday.
The biggest decline in the ASX200 today came from Saracen Mineral Holdings Limited (ASX: SAR), the share price fell by 3.98% even though there was no news from the company nor any big movement in the gold price.
Here are some of today’s top stories:
- House prices fell in December
- Crown Resorts Ltd sells its CrownBet stake
- Three things you probably weren’t expecting for our miners in 2018
- 4 top income stocks for 2018
- Nextdc Ltd rejects chance to buy the Asia Pacific Data Centre Group portfolio
- 3 of my favourite growth stories of 2017
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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Retail Food Group Limited. 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.