ALL ORDINARIES finishes higher Monday: 8 shares you missed

Credit: Cimexus

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 0.36% to 6,084.50
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.33% to 6,175.60
  • AUD/USD at US 75 cents
  • Gold at US$1,313.70 an ounce
  • Brent Oil at US$75.50 a barrel

The biggest news of the day was Westpac Banking Corp (ASX: WBC) reporting its half-year result, the bank’s share price finished the day up 0.82%.

The Blue Sky Alternative Investments Ltd (ASX: BLA) shareholders can’t seem to catch a break at the moment, the company announced further changes today which saw its share price fall by another 8%.

Fund manager Magellan Financial Group Ltd’s (ASX: MFG) share price fell by 2.5% today after reporting it experienced outflows of funds during April.

Reece Ltd (ASX: REH) shares are currently in a trading halt after announcing it would expand into the US market by making a $1.9 billion acquisition.

The Orica Ltd (ASX: ORI) share price was one of the worst performers after it reported that it reported it had made a loss, the share price fell by 6.4%.

Platinum Asset Management Limited (ASX: PTM) shares dropped 4.1% today even though it reported funds under management had grown in the month of April.

Rounding out the poor day for investment managers, Pendal Group Limited (ASX: PDL), previously BT Investment Management, saw its share price fall by 6.5% today.

Finally, Seven West Media Ltd (ASX: SWM) continued its impressive run as it grew by 4.3% today, the TV station company has done well since announcing it won the cricket TV rights.

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 Platinum Investment Management 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 Scott Phillips.

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