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:
