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:
