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 0.55% to 6,456.00
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) lower 0.59% to 6,545.60
- AUD/USD at US 69 cents
- Gold at US$1,284.51 an ounce
- Brent Oil at US$68.34 a barrel
The worst performer in the ASX 200 was the Galaxy Resources Limited (ASX: GXY) share price which dropped 6.5% on worries about the lithium price. Fellow lithium miner Pilbara Minerals Ltd (ASX: PLS) also saw its share price decline 5.7%.
Oil businesses took a battering after a swift decline of the oil price. The Beach Energy Ltd (ASX: BPT) share price fell over 5%.
The Gentrack Group Ltd (ASX: GTK) share price dropped 3.5% after the software company reported its March 2019 result.
Finally, the share price of Corporate Travel Management Ltd (ASX: CTD) dropped almost 5% on rumours it could merge with Flight Centre Travel Group Ltd (ASX: FLT), which saw its share price rise by 0.4%.
Here are some of today’s top stories:
- Is the Afterpay share price a buy?
- Westpac tips RBA to cut rates 3 times in 2019
- This ASX 200 stock is next to join the $1bn profit club
- 2 ASX200 blue chips I’d buy today
Where to invest $1,000 right now
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.
*Returns as of June 30th
Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Corporate Travel Management Limited. The Motley Fool Australia has recommended Ansell Ltd. and GENTRACK FPO NZ. 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.