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ALL ORDINARIES finishes lower Monday: 9 shares you missed

Credit: Cimexus

Australia’s S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished lower on Monday.

Here’s a short recap of the Australian market:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 1.56% to 6,026.20
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.50% to 6,229.80
  • AUD/USD at US 79.3 cents
  • Gold at US$1,333.65 an ounce
  • Brent Oil at US$67.94 a barrel

The ASX indices have had their worse day in almost a year and a half. However, the ASX 200 remains just above the 6,000 level, which shows that the media loves a short-term bad news story.

One of the best performers in the ASX 200 was Speedcast International Limited (ASX: SDA), the data and communications company’s share price rose by 1.82% due to its $184 million deal with the NBN Co.

The best performer in the ASX200, by far, was Infigen Energy Ltd’s (ASX: IFN) share price which rose by 4% today.

The only other share price to manage growth of more than 1% today was ARB Corporation Limited (ASX: ARB), it rose by 1.62%.

The ASX was a sea of red today, so it’s hard to pick just a few shares which were negative.

The Wesfarmers Ltd (ASX: WES) share price dropped by 4.51% on news that it would write down the value of its UK Bunnings business.

Various resource companies’ share prices were smashed as commodity prices plummeted. Resolute Mining Limited (ASX: RSG) sank by 9.48%, Orocobre Limited (ASX: ORE) dropped by 7.3% and Syrah Resources Ltd (ASX: SYR) crashed down 6.93%.

The Telstra Corporation Ltd (ASX: TLS) share price fell by 1.36% even though it announced that 5G is going to be launched next year.

Finally, listed investment company giant Argo Investments Limited (ASX: ARG) revealed another dividend increase yet the share price fell by 0.24%, although this does mean the market likely reacted favourably to the result today.

Here are some of today’s top stories:

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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Limited and Wesfarmers Limited. The Motley Fool Australia has recommended ARB Limited. 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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