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 0.48% to 6,004.00
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.45% to 6,113.60
- AUD/USD at US 76 cents
- Gold at US$1,301.90 an ounce
- Brent Oil at US$75.41 a barrel
The best-performing ASX200 share today has been Reliance Worldwide Corporation Ltd (ASX: RWC), the plumbing business finished the day up 22.8% after coming out of the trading halt for the UK acquisition it announced last week.
Media companies were strong performers today. APN Outdoor Group Ltd (ASX: APO) went up by 7.7% today after giving EBITDA guidance for FY18. The other media company to rise was Seven West Media Ltd (ASX: SWM), its share price increased by 4%.
At the other end of the share market, Metcash Limited (ASX: MTS) fell by a large 17.7% after telling investors it was losing one of its major South Australian customers.
The oil price dropped steeply over the weekend, leading to oil company share prices following suit. Beach Energy Ltd (ASX: BPT) went down by 9.6%, Santos Ltd (ASX: STO) declined by 3.6% and Woodside Petroleum Limited (ASX: WPL) dropped by 3.5%.
Here are some of today’s top stories:
- Why I rate Greencross Limited shares a buy right now
- The best time to worry? When no-one else is
- UBS thinks the market is underestimating Woolworths Group Ltd (ASX: WOW) growth potential
One of the world’s richest people is sounding the alarm on what could be a trillion-dollar technology.
And when a tech billionaire – several times over – speaks, it pays to listen.
This could be your chance to get in on the ground floor!
Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Vocus Communications 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.