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 0.68% to 5,905.60
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) higher 0.68% to 5,971.10
- AUD/USD at US 71 cents
- Gold at US$1,282.67 an ounce
- Brent Oil at US$61.84 a barrel
Under-pressure AMP Limited (ASX: AMP) fell by nearly 8% after it told investors of an impending dividend cut and what profit to expect in the FY18 result.
The share price of metals and electronics recycling company Sims Metal Management Ltd (ASX: SGM) rose 6.2% today.
Here are some of today’s top stories:
- 3 ASX shares to buy for investors in their 20s
- Would Warren Buffett buy Telstra shares?
- A new digital Chinese bank could be big competition for CBA, ANZ, Westpac and NAB
AMP has been a poor investment for most shareholders, instead you want your portfolio full of quality long-term winners like these three ASX shares.
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Motley Fool contributor Tristan Harrison owns shares of InvoCare Limited. The Motley Fool Australia owns shares of and has recommended Catapult Group International Ltd and Nearmap Ltd. The Motley Fool Australia has recommended InvoCare Limited and ResMed Inc. 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.