Australia’s S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished higher on Monday.
Here’s a short recap of the Australian market:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.55% to 5,996.10
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.53% to 6,101.40
- AUD/USD at US 79 cents
- Gold at US$1,324.30 an ounce
- Brent Oil at US$65.58 a barrel
The ASX indices started the week with a positive day after more good news surrounding the USA and North Korean talks emerged.
The biggest gain in the ASX200 belonged to Beach Energy Ltd (ASX: BPT), it rose 6.45% today on the back of an oil price rise.
BlueScope Steel Limited (ASX: BSL) rose by 3.66% after the Trump Administration indicated that Australia would be exempt from steel tariffs.
The HT&E Ltd (ASX: HT1) share price grew by 3.4% today after announcing that Adshel has extended the Sydney Trains contract.
Gold miner Newcrest Mining Limited (ASX: NCM) saw its share price fall by 4.59% today after announcing that a limited breakthrough of tailings material was identified at the Cadia northern tailings dam embankment. This will negatively affect the FY18 result.
The APN Outdoor Group Ltd (ASX: APO) share price fell by 3.81% today on no news.
Retail Food Group Limited (ASX: RFG) fell by a further 2.95% today as investors reassessed how much the franchisor’s shares are worth.
Here are some of today’s top stories:
- Takeover fever surrounds Australian Agricultural Company Ltd
- McGrath Ltd feeling the competition from Agency Group Australia Ltd
- Why I don’t like miners as long term buy and holds
- What to watch on the ASX this week
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Motley Fool contributor Tristan Harrison owns shares of Altium. The Motley Fool Australia owns shares of A2 Milk and Altium. 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 Scott Phillips.