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Merry Christmas! The Australian Share Market Closes Higher Friday

The Australian share market, including the S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO) and All Ordinaries (INDEXASX:XAO)(ASX:XAO), closed firmly higher on Friday.

Merry Christmas!

The Australian share market, including the S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) and All Ordinaries (INDEXASX: XAO)(ASX: XAO) closed firmly higher on Friday ahead of the Christmas weekend break.

Biggest Movers

Biggest Losers

  • Freedom Foods Group Ltd (ASX: FNP) – down 4.5%. Earlier this week, Freedom Foods announced the completion of its sale and leaseback of the Ingleburn facility.
  • Aristocrat Leisure Limited (ASX: ALL) – down 1.2%
  • Wesfarmers Ltd (ASX: WES) – down 1% (Why? See today’s news here)

Outside of the Australian sharemarket, Bitcoin, the popular digital cryptocurrency had a very volatile day (and week), according to Coindesk. This week alone, the price of Bitcoin has fallen from $US19,694 to $US14,753 at 4pm Friday. We covered Bitcoin’s latest move in detail here.

Today’s Top Investing News

Bitcoin Prices Fall $US 4000 This Week

The Bitcoin price, the world’s most popular digital currency for trading, has fallen $4,000 this week, according to data from Coindesk.

Wesfarmers Ltd sells Curragh Coal Mine for $700m

Wesfarmers Ltd (ASX: WES) shares haven’t budged despite the retail heavyweight offloading its Queensland coal mine, Curragh, to Coronado Coal Group for $700 million.

Retail Food Group Limited Shares Bounce Back 8%

The Retail Food Group Limited (ASX: RFG) share price has recovered some lost ground on Friday ahead of the Christmas break.

Tweet of the day

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Owen Raszkiewicz

Owen is the Chief Investment Officer of Rask Invest and Founder of Rask. Since founding The Rask Group in 2017 in the hillside suburb of Upwey, Victoria, Owen has overseen the growth of the Rask platform to over 200,000 investor followers. He holds a Master's Degree of Applied Finance, Master's Degree of Financial Planning, and Bachelor's Degree in Technology.
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