The Australian share market or S&P/ASX 200 (INDEXASX: XJO) (ASX: XJO) fell 0.8% on Friday, according to Google Finance.
Here are the key news events on the ASX today.
All Ordinaries: down 0.8% at 6,028points
ASX 200: down 0.7% at 5,928 points
Biggest Gainers
- Newcrest Mining Ltd (ASX: NCM) – up 1%
- BlueScope Steel Ltd (ASX: BSL) – up 0.8%
- Domino’s Pizza Enterprises Ltd (ASX: DMP) – up 2.1%
Biggest Losers
- Yancoal Australia Ltd (ASX: YAL) – down 3.2%
- Qantas Airways Limited (ASX: QAN) – down 3.2%
- Flight Centre Travel Group Ltd (ASX: FLT) – down 2.9%
Making headlines today was Retail Food Group, the owner of Donut King, Pizza Capers, Gloria Jeans and more. In an announcement to the ASX, RFG released its half-year financial report revealing a loss of $88 million, down from a profit of $33.5 million in the same half last year. Read more here.
Also making headlines today was Donald Trump. The US president plans to add tariffs on foreign steel and aluminium. “We’re going to build our steel industry back and we’re going to build our aluminium industry back,” the US president said. Some commentators are fearful the decision could spark a trade war and may, in fact, hurt the American economy and those of its allies. Read more here.
Further down the market, shares of technology company Altium Limited (ASX: ALU), a maker of electronics parts for technology devices, went ‘ ex-dividend’ today, according to Morningstar data. Here’s a video explaining dividends:
According to Google Finance, Australia’s ASX 200 fell 1.1% this week and is down 2.2% for the year. Including dividends, however, the S&P/ASX 200 Net Total Rtn (INDEXASX: XNT) is down 1.4% for the year so far.
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