Slow end to the week as Australia’s largest stocks underwhelm

It was a disappointing way to top off the week for investors with the ASX dropping 0.5% for the day to 6176.80 points.

A poor performance overnight in the US market did little to help this situation however some of Australia’s biggest miners, banks, and healthcare companies underwhelmed many. Westpac, RIO, ANZ, and CSL, to name a few, all closed in the red today.

Gainers and Losers

The biggest gainers on Friday were:

  • URW +12.1%
  • GUD Holdings +6.3%
  • Super Retail Group +4.7%
  • Corporate Travel Management +3.3%
  • Medibank Private +3%

The biggest declines were:

  • GPT Group -4.7%
  • Omni Bridgeway -4.1%
  • Pro Medicus -3.9%
  • Whitehaven Coal -3.8%
  • Atlas Arteria -3.6%

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This article does not take into account the investment objectives, financial situation or needs of a particular person or entity. Before acting on any investment strategy or advice you should first consult with your current ASIC accredited investment professional or seek out a compliant investment professional for such.