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ALL ORDINARIES finishes lower Monday: 9 shares you missed

Tristan Harrison | February 12, 2018 | More on:

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 0.30% to 5,820.70
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.30% to 5,919.70
  • AUD/USD at US 78.3 cents
  • Gold at US$1,321.30 an ounce
  • Brent Oil at US$63.35 a barrel

The ASX indices have dropped further today, with both indices falling further away from 6,000. A lot of companies have reported today, here’s how the market reacted to some of them.

Without doubt, the worst reaction has been to JB Hi-Fi Limited’s (ASX: JBH) result, even though it did mostly report a decent set of numbers. Investors sent the share price down 8% today due to lower-than-expected guidance for FY18.

The market also reacted poorly to Ansell Limited’s (ASX: ANN) result, the half-year report saw the share price drop by 3.87%.

Amcor Limited (ASX: AMC) saw one of the few positive reactions today, the market sent the share price 0.56% higher after seeing its half-year report.

The Praemium Ltd (ASX: PPS) share price has fallen by 4.44% after disappointing investors with its report.

Bendigo and Adelaide Bank Ltd (ASX: BEN) shareholders weren’t thrilled by the community bank’s report, the share price declined by around 2% today.

Investors think that Aurizon Holdings Ltd (ASX: AZJ) is on track to deliver a good future after seeing its half-year report today, its share price rose by 1.96%.

Medical Developments International Ltd (ASX: MVP) impressed investors today after announcing its deal with Walgreens, it rose by 1.98% today.

Mitula Group Ltd (ASX: MUA) sank nearly 13% after downgrading revenue and profit even further.

Finally, a broker upgrade has sent Galaxy Resources Limited (ASX: GXY) higher by 5.59% today.

Here are some of today’s top stories:

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Motley Fool contributor Tristan Harrison owns shares of WAM Capital Limited. The Motley Fool Australia has recommended Mitula Group. 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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