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) up 0.48% to 5,949.40
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.45% to 6,054.90
- AUD/USD at US 78 cents
- Gold at US$1,316.55 an ounce
- Brent Oil at US$65.06 a barrel
The ASX indices have finished the week positively, after a string of negative days.
The big news of the day is that Wesfarmers Ltd (ASX: WES) is planning to split Coles into its own ASX-listed entity. The share price rose by 6.31% today in response to the plan.
Premier Investments Limited (ASX: PMV) released its half-year report today showing a decent increase in revenue, profit and the dividend. Premier's share price rose by 6.12% today.
The South32 Ltd (ASX: S32) share price rose by 5.63% after revealing its dividend information.
Metcash Limited (ASX: MTS) fell by 5.36% today after revealing that its boss of the supermarket division is leaving to take charge of Coles.
Lithium miners didn't have a good day today. Pilbara Minerals Ltd (ASX: PLS) fell by 4.12%, Orocobre Limited (ASX: ORE) went down 2.27%. Galaxy Resources Limited (ASX: GXY) actually went up 1.42%.
The Mayne Pharma Group Ltd (ASX: MYX) share price declined by 2.6% even though it announced it was launching doxycycline IR capsules.
Finally, Syrah Resources Ltd (ASX: SYR) grew by 4.05% today on no news.
Here are some of today's top stories:
