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ALL ORDINARIES finishes lower Friday: 8 shares you missed

Tristan Harrison
ASX main board

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 0.36% to 5,774.60
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) lower 0.33% to 5,834.80
  • AUD/USD at US 72 cents
  • Gold at US$1,296.85 an ounce
  • Brent Oil at US$61.52 a barrel

The best-performing ASX 200 share today was Treasury Wine Estates Ltd (ASX: TWE). The wine business released a market guidance update late yesterday afternoon which reassured investors.

Shares of horticultural business Costa Group Holdings Ltd (ASX: CGC) recovered 2.9% today, although it is still down significantly after yesterday’s profit downgrade.

Gold business Regis Resources Limited (ASX: RRL) fell 4.25%, making it the worst performer in the ASX 200.

Major bank Westpac Banking Corp (ASX: WBC) ended the day down 0.9%, but it is still up over the week.

The Healius Ltd (ASX: HLS) share price rose by 3% today. The healthcare company officially knocked back a takeover bid recently, but it may soon receive another one.

Lithium business Galaxy Resources Limited (ASX: GXY) shares registered a fall of 3.5% today.

iCar Asia Ltd (ASX: ICQ) shares ended the day up 27% after giving the market a pleasing update earlier in the day.

Finally, the Gale Pacific Limited (ASX: GAP) share price dropped 7.3% today after issuing a disappointing profit guidance update.

Here are some of today’s top stories:

Westpac may be one of the biggest companies in Australia, but I don’t think it offers us the biggest opportunity – I believe there are ASX shares that could grow profit much faster over the next few years.

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Motley Fool contributor Tristan Harrison owns shares of COSTA GRP FPO. The Motley Fool Australia owns shares of and has recommended COSTA GRP FPO and Treasury Wine Estates 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.