ALL ORDINARIES finishes lower Friday: 9 shares you missed

Credit: Cimexus

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) lower 0.21% to 5,868.80
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) lower 0.20% to 5,964.40
  • AUD/USD at US 77 cents
  • Gold at US$1,344.65 an ounce
  • Brent Oil at US$73.70 a barrel

The biggest fall in the ASX200 came from G8 Education Ltd (ASX: GEM), the childcare operator fell by 7.23% today after management abandoned the 40 cents earnings per share target by December 2019.

A lot of the resource shares which made large gains yesterday gave up some of those gains today. Independence Group NL (ASX: IGO) fell by 4.64% and Western Areas Ltd (ASX: WSA) dropped by 3.89% today. Profit takers would probably happy with 2% profit in just one day.

However, it was a good day for the lithium resource shares. Galaxy Resources Limited (ASX: GXY) went up by 3.06% and Pilbara Minerals Ltd (ASX: PLS) increased by 2.87%.

Australian Pharmaceutical Industries Ltd (ASX: API) declined by a further 3.4% today after its disappointing report that it released yesterday.

The Challenger Ltd (ASX: CGF) share price recovered 1.86% today after investors saw value after the annuity company was sold down yesterday from its March 2018 release.

Seven West Media Ltd (ASX: SWM) was almost the best ASX200 performer today, it rose by a further 3.92% on rumours that it may launch a takeover for Fairfax Media Limited (ASX: FXJ). The Fairfax share price finished flat today.

Here are some of today’s top stories:

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Motley Fool contributor Tristan Harrison owns shares of Challenger Limited. The Motley Fool Australia owns shares of and has recommended Challenger Limited. The Motley Fool Australia has recommended G8 Education 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 Scott Phillips.

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