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 0.25% to 5,619.40
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) lower 0.31% to 5,677.00
- AUD/USD at US 70 cents
- Gold at US$1,280.08 an ounce
- Brent Oil at US$54.19 a barrel
The best-performing ASX 200 share today was gold business Saracen Mineral Holdings Limited (ASX: SAR), its share price rose 5%. Gold mining peer St Barbara Ltd (ASX: SBM) also rose by 4.6% today.
The share price of healthcare business Healius Ltd (ASX: HLS) rose by an extra 4.6% in response to the potential Jangho takeover.
At the opposite end of the ASX was Speedcast International Ltd (ASX: SDA), shares of the satellite communications business fell 5.8% today.
Shareholders of Treasury Wine Estates Ltd (ASX: TWE) suffered a bit of a hangover today, it fell 4.4% as worries grow about a slowing Chinese economy.
The Kathmandu Holdings Ltd (ASX: KMD) share price dropped another 2.2% today due to reporting yesterday that December sales were particularly disappointing, hurting profit expectations for the December 2018 result.
Disappointing Apple revenue has affected many of the ASX's leading growth share values. The WiseTech Global Ltd (ASX: WTC) share price declined 4.2% and Appen Ltd (ASX: APX) shares dropped in value
Here are some of today's top stories:
- Leading fund managers name their top ASX share picks for 2019
- Why the SEEK share price just hit a 52-week low
- Why the Newcrest share price has surged 26% in 4 months
- Is the Vanguard Australian Share ETF share price a buy?
The drop of the WiseTech share price certainly makes it better value, but many investors would still call it expensive. In my opinion, there are better-priced opportunities out there for our money.
