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ALL ORDINARIES finishes higher Monday: 8 shares you missed

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) higher 0.32% to 6,185.00
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) higher 0.28% to 6,293.90
  • AUD/USD at US 72 cents
  • Gold at US$1,195.79 an ounce
  • Brent Oil at US$78.26 a barrel

The best-performing ASX 200 share today was TPG Telecom Ltd (ASX: TPM), the telco’s share price rose by 3.8% today with the telco due to report tomorrow.

It was a terrible day for aged care providers after the Federal Government announced that it would launch a Royal Commission into the sector with increasing reports of poor care. All the major ASX-listed operators saw heavy falls today. The Estia Health Ltd (ASX: EHE) share price fell 18.6%, the Regis Healthcare Ltd (ASX: REG) share price plunged 17.1% and the Japara Healthcare Ltd (ASX: JHC) share price dropped 17%.

Retirement village operator Aveo Group (ASX: AOG) also fell by 7.2% after there was speculation that segment of the retirement market could also be included in the inquiry spotlight.

The share price of natural beauty business BWX Limited (ASX: BWX) declined 2.2% after Bain Capital said that it wouldn’t go ahead with a takeover offer.

Shares of Westpac Banking Corp (ASX: WBC) climbed 0.5% after it was reported the bank is introducing additional lending checks.

Finally, one of the largest gains in the ASX 200 today was lithium miner Pilbara Minerals Ltd (ASX: PLS), it charged up 3.3% after announcing it is on track with its first shipment of spodumene concentrate from its Pilgangoora lithium-tantalum project.

Here are some of today’s top stories:

The Disruptors: 3 Revolutionary Aussie Companies to Back for 2018

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That’s why at The Motley Fool we’ve been scrutinizing the ASX to uncover the kinds of companies that we believe could turn into the next Atlassian.

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Motley Fool contributor Tristan Harrison owns shares of BWX Limited and JAPARA DEF SET. The Motley Fool Australia owns shares of and has recommended BWX 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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