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 0.89% to 5,838.00
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.96% to 5,937.50
- AUD/USD at US 77.8 cents
- Gold at US$1,314.25 an ounce
- Brent Oil at US$64.38 a barrel
The ASX indices have been beaten down quite hard today, following on from losses overseas.
Unsurprisingly, gold miners have been the winners today as investors looked to find sanctuary in the form of the precious commodity. The Evolution Mining Limited (ASX: EVN) share price rose by 4.49%.
The Carsales.Com Ltd (ASX: CAR) share price rose by just over 2% as investors had time to analyse the company’s report from earlier in the week.
Myer Holdings Ltd (ASX: MYR) was the worst performer in the ASX200 after revealing a fairly disappointing guidance update today, the share price plummeted 9.3% in response.
Oil company Beach Energy Ltd (ASX: BPT) dropped 5.47% today with the oil price falling over the past week.
Finally, WiseTech Global Ltd (ASX: WTC) succumbed to the global volatility again as its share price fell by 7.09%.
Here are some of today’s top stories:
- Is the REA Group Limited share price heading back to $80?
- Why I think Soul Patts is the best dividend stock on the ASX
- Results in: Is the Capilano Honey Ltd share price in the buy zone?
- Crash: Big Un Ltd share price dives 30% as Fairfax media takes aim
- Myer Holdings Ltd share price falls 8% after revealing more bad news
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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 Capilano Honey Limited and WiseTech Global. The Motley Fool Australia has recommended carsales.com Limited and REA 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.