The Motley Fool

3 ASX 200 events you missed on Friday

The ASX 200 closed out the week with a fourth consecutive day of gains.

The S&P/ASX 200 Index (INDEXASX: XJO) closed 0.30% higher at 7,064.10 points after yet another day of record highs.

Almost all of the major industry sectors finished higher on a strong day for the Aussie share market. Only the ASX Energy sector (-0.69%) finished in the red while Materials (+1.28%) and Consumer Staples (+1.12%) were among the winners.

Catch up on all of the biggest ASX 200 news, events and announcements that you missed as the Aussie share market closed out the week on a high.

1. Costa Group shares bounce back as agriculture shares rebound

It’s been a mixed week for the Aussie agriculture shares as bushfires continue to rage.

The Costa Group Holdings Ltd (ASX: CGC) share price climbed 4.65% higher on Friday as the ASX 200 stock closed at $2.70 per share.

That follows recent gains from Bega Cheese Ltd (ASX: BGA) and Elders Ltd (ASX: ELD) which are also exposed to the bushfires.

The Aussie food producer’s shares gained on Friday as fruit and vegetable prices are expected to soar on reduced supply.

2. ASX 200 hits a new record high on Thursday – what will next week bring?

The benchmark index recorded its fourth consecutive day of gains to continue beyond the 7,000 point mark.

Phase 1 of the US-China trade deal boosted markets higher on Thursday and Friday. The renewed optimism among investors was evident in a huge number of record highs from ASX 200 shares this week.

CSL Ltd (ASX: CSL) and Macquarie Group Ltd (ASX: MQG) were perhaps the biggest names while Commonwealth Bank of Australia (ASX: CBA) hit a 52-week high on Thursday.

3. ASX 200 stock Nufarm hammered 10% after earnings downgrade

The Nufarm Ltd (ASX: NUF) share price led the ASX 200 losers on Friday after a first half earnings downgrade.

The agribusiness stock slumped 10% lower on an otherwise good day for the Aussie share market.

Nufarm announced its earnings would be significantly lower than first forecast and expects underlying EBITDA to land between $55 million and $65 million. That compares to last year’s underliyng EBITDA of $120.9 million the year prior.

Investors sold down the ASX 200 stock on Friday following the news to leave Nufarm as the worst performer.

NEW. The Motley Fool AU Releases Five Cheap and Good Stocks to Buy for 2020 and beyond!

Our experts here at The Motley Fool Australia have just released a fantastic report, detailing 5 dirt cheap shares that you can buy in 2020.

One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

Another is a diversified conglomerate trading over 40% off its high, all while offering a fully franked dividend yield over 3%...

Plus 3 more cheap bets that could position you to profit over the next 12 months!

See for yourself now. Simply click here or the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.


Kenneth Hall has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of CSL Ltd. The Motley Fool Australia owns shares of and has recommended COSTA GRP FPO and Macquarie Group Limited. The Motley Fool Australia has recommended Elders 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.