Resources companies were the biggest drag on the market today, although 14 of the top 20 stocks plunged into the red. But despite that, the market still managed to drag itself up by 0.2%.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.2% to 5,515.1 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.2% 5,612.3 points
- AUD/USD lower at US 75.92 cents
- Iron Ore up 0.4% to US$60.95 a tonne
- Gold down 0.7% to US$1,332 an ounce
- Brent oil flat at US$50.04 a barrel
Shares in oil and gas producer Santos Ltd (ASX: STO) plunged 6.6% to $4.53, while Woodside Petroleum Limited (ASX: WPL) saw its share price up 1.4% to $29.31.
Bellamy's Australia Ltd (ASX: BAL) and Cover-More Group Ltd (ASX: CVO) rose 5.1% and 5.7% to $14.19 and $1.49 respectively.
Amongst the losers, the outdoor media sector was slammed, with APN Outdoor Group Ltd (ASX: APO) losing 35% of its value to close at $5.33, oOh!Media Ltd (ASX: OML) down 15.8% to $4.70 and QMS Media Ltd (ASX: QMS) down 13.1% to $1.19.
The aged cared operators were also sold off after Japara Healthcare Ltd (ASX: JHC) says it expected lower growth ahead due to government funding cutbacks. The shares ended down 8.8% at $2.38. Regis Healthcare Limited (ASX: REG) and Estia Health Ltd (ASX: EHE) fell 6.9% and 5% to$4.56 and $4.91 respectively.
Here are Monday's top stories:
- APN Outdoor Group Ltd slammed
- Fortescue Metals Group Limited triples net profit. Is it a buy?
- Japara Healthcare Ltd share price slumps – Is it time to sell?
- Here's why GWA Group Ltd shares have gone gangbusters today
- Here's why the BlueScope Steel Limited share price is surging today
- Has the RBA triggered a new property boom?
- Seek Limited hits it out of the park with 27% profit increase
