It was a relatively subdued day on the ASX on Friday as Aussie equities finished the week on a high.
The S&P/ASX 200 Index (INDEXASX: XJO) climbed 0.40% higher to 7,130.20 points with mixed sectoral performance.
Utilities (+1.20%) and Financials (+1.30%) were the best performers while the Energy (-1.20%) sector continues to struggle in 2020.
Here's a recap of the biggest share market news, events and movements that you missed on another day of ASX gains on Friday.
A tale of two ASX healthcare stocks…
The Avita Medical Ltd (ASX: AVH) share price set a new 52-week high on Friday as the group's shares surged 3.82% higher.
Interestingly, the ASX 200 healthcare company didn't report anything significant and hasn't since releasing its second-quarter earnings report on 31 January. However, that didn't stop investors who loaded up on Avita Medical shares yesterday.
It wasn't such good news for Pro Medicus Limited (ASX: PME) shareholders on Friday. The group's shares closed down 5.26% having jumped higher on Thursday after a strong half-year result.
ASX wealth managers drag index higher on Friday
The ASX wealth managers led the Financials sector higher and helped the ASX 200 to a strong close.
Magellan Financial Group Ltd (ASX: MFG), Pinnacle Investment Management Group Ltd (ASX: PNI) and Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) all finished in the top 10 ASX 200 shares on Friday.
The Magellan share price bounced back 2.99% after edging lower on Thursday following its half-year result. It was a good day for the Financials sector as shares in these companies with a combined $20 billion market cap climbed 3-5% higher.
Coronavirus concerns continue to weigh on ASX shares
Despite a broadly positive earnings season so far, concerns over the coronavirus are hanging around.
JB Hi-Fi Limited (ASX: JBH) shares edged 0.07% lower on Friday while we've already seen the impact on Treasury Wine Estates Ltd (ASX: TWE) and Blackmores Limited (ASX: BKL) this week.
Blackmores shares slumped 4.38% lower on Friday after plummeting 13% due to the epidemic earlier this week.
The ASX travel shares rebounded on Friday with both Webjet Limited (ASX: WEB) and Flight Centre Travel Group Ltd (ASX: FLT) finishing the week on a high.
Foolish takeaway
Friday was a solid close to a big week of earnings on the ASX. It's been broadly positive for investors so far and we could see more of the same with BHP Group Ltd (ASX: BHP) and Qantas Airways Limited (ASX: QAN) reporting next week.
