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S&P/ASX 200 ends Monday lower: 10 shares that moved the market

The S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) ended lower on Monday, with the Fletcher Building Limited (Australia) (ASX: FBU) share price and Harvey Norman Holdings Limited (ASX: HVN) share price ending sharply lower.

Here’s a quick recap of global markets from last week:

  • FTSE 100 (UK): up 0.12%
  • DAX (Germany): up 0.1%
  • CAC 40 (France): up 0.32%
  • Dow Jones (USA): down 0.1%
  • NASDAQ (USA): flat

It appears the Australian sharemarket followed the USA’s lead to end mostly lower.

The worst performing sectors for the day were telecommunications, down 2%, and consumer discretionary, falling 0.9%. The Telstra Corporation Ltd (ASX: TLS) share price ended more than 2% lower.

Shares of both Wesfarmers Ltd (ASX: WES) and Woolworths Limited (ASX: WOW) dragged on the market. Meanwhile, shares of furniture and electrical retailer Harvey Norman fell more than 8%. The company did not release any specific news, the only meaningful announcements appear to be the recent selling of shares by directors.

Shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) ended lower despite the iron ore price continuing to defy expectations.

Another company on the nose today was Fletcher Building, the building products manufacturer. Its shares fell almost 10% following a shock profit downgrade.

On the positive side of the ledger, healthcare shares were among the strongest performers. Shares of both CSL Limited (ASX: CSL) and Ramsay Health Care Limited (ASX: RHC) ended in the green while Pro Medicus Limited (ASX: PME) shares were the standout, rising more than 9%.

Here are Monday’s top stories:

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Motley Fool Contributor Owen Raszkiewicz does not have a financial interest in any company mentioned. Owen welcomes and encourages your feedback. You can follow him on Twitter @OwenRask.

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.

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