Australia’s S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished higher on Friday.
Here’s a short recap of the Australian market:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) higher 0.22% to 5,895.70
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) higher 0.22% to 6,006.50
- AUD/USD at US 71 cents
- Gold at US$1,220.25 an ounce
- Brent Oil at US$81.14 a barrel
The best-performing ASX 200 share today was rare earth miner Lynas Corporation Ltd (ASX: LYC), its share price went up 9.2%.
Gold miners had another strong day today, despite the market generally recovering a little today. Resolute Mining Limited (ASX: RSG) was the biggest gainer, it rose 8.8%.
Home furnishings business Adairs Ltd (ASX: ADH) went up 1.7% today after reporting a pleasing trading update to investors.
Finally, infant formula businesses A2 Milk Company Ltd (ASX: A2M) and Bellamy’s Australia Ltd (ASX: BAL) went up 7.2% and 6.1% respectively today despite reports that China was cracking down on the Chinese daigou industry. This could be a negative as one broker has estimated that over 75% of sales are ultimately generated by Chinese demand.
Here are some of today’s top stories:
- Yesterday was the worst crash since…
- Are you ready for ~$12bn dividend bonanza in November?
- Domain Holdings Australia Limited (ASX:DHG) reports slow start to FY19
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Motley Fool contributor Tristan Harrison owns shares of Altium. The Motley Fool Australia owns shares of A2 Milk, AFTERPAY T FPO, and Altium. 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.