The ASX200 closed down 0.11% at 8,511 points.
IT was the best performing sector, up 0.53%, followed by Staples, up 0.51%, and Materials, up 0.29%.
Energy was the biggest loser, down 1.45%, followed by Health Care , down 1.03%, and Utilities, down 0.86%.
Domino’s Pizza Enterprise (ASX:DMP) closed up 21.3% as the bourse’s leading gainer. Investors are celebrating news of 205 store closures, mostly in Japan. It is the first major move of newly installed chief executive Mark van Dyck, who had previously declared he’d be focusing on disciplined growth and “decisive action.”
Commonwealth Bank (ASX:CBA) closed up 0.02% after breaking yet another record in intra-day trade, climbing to $162.98.
Commonwealth Bank finished the week at $162.67.
Nick Scali (ASX:NCK) closed up 10.5% on the release of the half-year results. The company posted a 22% decline in net profit, but this beat consensus expectations.
Nick Scali closed at $18.00.
REA Group (ASX:REA) closed up 2.83% after broker Bell Potter retained its buy rating and improved its price target to $281.
REA Group closed at $262.12.
Beach Energy (ASX:BPT) closed down 5.21% on the back of a weak energy sector and a bearish note out of Citi. The broker reaffirmed its sell rating and cut its price target to $1.15.
Beach Energy closed at $1.36.
Pilbara Minerals (ASX:PLS) closed down 4.29% amidst an under-pressure lithium sector. The stock is down around 40% since the same time last year.
Plibara Minerals closed at $2.23.
McMillan Shakespeare (ASX:MMS) closed down 10.44% after broker Bell Potter downgraded the stock to a neutral rating, and savagely cut the price target from $21.00 to $15.80.
McMillan Shakespeare closed at $13.81.
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