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 0.04% to 6,135.30
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.30% to 6,235.00
  • AUD/USD at US 75 cents
  • Gold at US$1,320.75 an ounce
  • Brent Oil at US$77.30 a barrel

The large rise of today belonged to Specialty Fashion Group Ltd (ASX: SFH), it went up 58% after announcing it was selling all of its brands, except the profitable City Chic chain.

Telco Telstra Corporation Ltd (ASX: TLS) dropped 5% today after confirming it would hit the bottom of its profit guidance for FY18. Fellow telco TPG Telecom Ltd (ASX: TPM) fell 4.3%, with investors worried it may unveil its own disappointing profit numbers.

The Medical Developments International Ltd (ASX: MVP) share price dropped by 13% after management said that sales would be flat or lower this year due to slower Australian sales.

A tug of war could be about to begin for Healthscope Ltd (ASX: HSO), the share price rose 4.5% after another offer came in for the private hospital operator.

GWA Group Ltd (ASX: GWA) shares rose 5.7% today after announcing the sale of its door business.

The share price of Lynas Corporation Ltd (ASX: LYC) fell another 9.6% today as worries mount about its Malaysian operations.

Finally, Seven Group Holdings Ltd (ASX: SVW) finished the day up 1.9% after announcing it was upgrading its FY18 guidance due to good weather conditions for construction.

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 TPG Telecom 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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