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 0.21% to 5,868.80
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) lower 0.20% to 5,964.40
- AUD/USD at US 77 cents
- Gold at US$1,344.65 an ounce
- Brent Oil at US$73.70 a barrel
The biggest fall in the ASX200 came from G8 Education Ltd (ASX: GEM), the childcare operator fell by 7.23% today after management abandoned the 40 cents earnings per share target by December 2019.
A lot of the resource shares which made large gains yesterday gave up some of those gains today. Independence Group NL (ASX: IGO) fell by 4.64% and Western Areas Ltd (ASX: WSA) dropped by 3.89% today. Profit takers would probably happy with 2% profit in just one day.
However, it was a good day for the lithium resource shares. Galaxy Resources Limited (ASX: GXY) went up by 3.06% and Pilbara Minerals Ltd (ASX: PLS) increased by 2.87%.
Australian Pharmaceutical Industries Ltd (ASX: API) declined by a further 3.4% today after its disappointing report that it released yesterday.
The Challenger Ltd (ASX: CGF) share price recovered 1.86% today after investors saw value after the annuity company was sold down yesterday from its March 2018 release.
Seven West Media Ltd (ASX: SWM) was almost the best ASX200 performer today, it rose by a further 3.92% on rumours that it may launch a takeover for Fairfax Media Limited (ASX: FXJ). The Fairfax share price finished flat today.
Here are some of today's top stories:
