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 0.25% to 6,310.90
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) higher 0.25% to 6,393.10
- AUD/USD at US 70 cents
- Gold at US$1,284.71 an ounce
- Brent Oil at US$70.73 a barrel
The best-performing ASX 200 share today was the TPG Telecom Ltd (ASX: TPM) share price which went up 5% after the ACCC decision and rebuttal.
The Adelaide Brighton Ltd. (ASX: ABC) share price fell 3.7% today as investors had a further negative reaction to yesterday’s profit downgrade.
In the ASX 200, the worst performer was the Nufarm Limited (ASX: NUF) share price which declined 4.7%.
Confusion is high about who will manage Blue Sky Alternatives Access Fund Ltd (ASX: BAF) after the listed investment company (LIC) went into a trading halt as Blue Sky Alternative Investments Ltd (ASX: BLA), which was flat today, said it was ceasing negotiations with WAM. However, WAM will try to continue with the proposal.
Here are some of today’s top stories:
- The US-China trade war could be about to get ugly
- Insiders have been selling WiseTech Global and these ASX shares
- Act fast if you want the ANZ, NAB, and Westpac dividends
- Why the chance of a near-term interest rate cut just went up
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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia has recommended REA Group Limited. 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.