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 0.36% to 5,774.60
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) lower 0.33% to 5,834.80
- AUD/USD at US 72 cents
- Gold at US$1,296.85 an ounce
- Brent Oil at US$61.52 a barrel
The best-performing ASX 200 share today was Treasury Wine Estates Ltd (ASX: TWE). The wine business released a market guidance update late yesterday afternoon which reassured investors.
Shares of horticultural business Costa Group Holdings Ltd (ASX: CGC) recovered 2.9% today, although it is still down significantly after yesterday's profit downgrade.
Gold business Regis Resources Limited (ASX: RRL) fell 4.25%, making it the worst performer in the ASX 200.
Major bank Westpac Banking Corp (ASX: WBC) ended the day down 0.9%, but it is still up over the week.
The Healius Ltd (ASX: HLS) share price rose by 3% today. The healthcare company officially knocked back a takeover bid recently, but it may soon receive another one.
Lithium business Galaxy Resources Limited (ASX: GXY) shares registered a fall of 3.5% today.
iCar Asia Ltd (ASX: ICQ) shares ended the day up 27% after giving the market a pleasing update earlier in the day.
Finally, the Gale Pacific Limited (ASX: GAP) share price dropped 7.3% today after issuing a disappointing profit guidance update.
Here are some of today's top stories:
- Insiders have been buying Aristocrat Leisure shares: Should you invest?
- Why the Alacer Gold share price is climbing today
- 3 ASX shares rated as strong buys by brokers
Westpac may be one of the biggest companies in Australia, but I don't think it offers us the biggest opportunity – I believe there are ASX shares that could grow profit much faster over the next few years.
