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 1.05% to 5,602.00
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) lower 0.99% to 5,678.80
- AUD/USD at US 72 cents
- Gold at US$1,246.00 an ounce
- Brent Oil at US$61.08 a barrel
The best-performing ASX 200 share today was Sigma Healthcare Ltd (ASX: SIG), it went up by a whopping 43.2% today after receiving a takeover offer from Australian Pharmaceutical Industries Ltd (ASX: API), which went up by 8.5% as well.
Shares of Nine Entertainment Co Holdings Ltd (ASX: NEC) fell 8.9% despite the news it will soon be included in the ASX 100. The share price of Domain Holdings Australia Ltd (ASX: DHG) also fell by 8.7%.
It was a pretty rough day for the ASX tech sector, indeed the last few months have been very volatile. The worst of the falls belonged to Afterpay Touch Group Ltd (ASX: APT) which dropped by 5.8%.
Banks face yet another headwind with the Reserve Bank of New Zealand releasing a consultation paper suggesting that banks will have to hold more capital. The Australia and New Zealand Banking Group (ASX: ANZ) share price dropped 2.7% in response.
Renewable energy generation business Infigen Energy Ltd (ASX: IFN) saw its share price rise by 11.8% today.
Finally, the Cimic Group Ltd (ASX: CIM) share price rose 1.1% after announcing another buyback.
Here are some of today’s top stories:
Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of AFTERPAY T FPO. 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.