Local shares managed to recover today following a sharp drop earlier in the session. Only a few businesses experienced large sell-offs for the day, with some recording significant gains.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) flat at 5431 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) flat at 5519 points
  • AUD/USD at US 76.2 cents
  • Iron Ore at US$56.79 a tonne, according to the Metal Bulletin
  • Gold at US$1,333.07 an ounce
  • Brent oil at US$46.26 a barrel

SAI Global Limited (ASX: SAI) was the biggest winner for the day. Its shares surged 28.7% after a takeover offer from Baring Asia, although the shares are still trading below the takeover price.

Whitehaven Coal Limited (ASX: WHC) also rose 7.5%. Iress Ltd (ASX: IRE), on the other hand, was entered into a trading halt after it acquired Financial Synergy.

Shares of REA Group Limited (ASX: REA) gained 2.7% and APN Outdoor Group Ltd (ASX: APO) lifted 4.4%.

Retail giants Wesfarmers Ltd (ASX: WES) and Woolworths Limited (ASX: WOW) didn’t fare so well, falling 0.7% and 2.1%, respectively.

Northern Star Resources Ltd (ASX: NST) gained 3.6%, making it one of the top-performing gold miners, while Senex Energy Ltd (ASX: SXY) lost 2%.

Here are Monday’s top stories:

  1. SAI Global Limited shares surge 31% on takeover offer: Is it time to sell?
  2. Are the 10 most shorted shares on the ASX in your portfolio?
  3. Here’s why Iress Ltd asked investors to spend $85 million today
  4. Oil price sinks: Is it time to sell your Santos Ltd shares?
  5. 3 stocks up 300% this year that everyone’s missed
  6. These 5 industrial stocks could see you demolish the ASX200 in 2016

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Motley Fool contributor Ryan Newman has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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 Bruce Jackson.