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) lower 0.99% to 5,837.10
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) lower 0.98% to 5,948.00
- AUD/USD at US 71 cents
- Gold at US$1,219.50 an ounce
- Brent Oil at US$81.20 a barrel
The best-performing ASX 200 share today was remote data business Speedcast International Ltd (ASX: SDA), its share price rose by 3.7%.
Technology businesses suffered another beating today with Afterpay Touch Group Ltd (ASX: APT) suffering the most – it fell 6.6%. Another to fall was the Altium Limited (ASX: ALU) share price which dropped 3.3%.
Negative sentiment around the property market is now hurting property-related businesses. Domain Holdings Australia Limited (ASX: DHG) shares fell 4.7% today and REA Group Limited (ASX: REA) dropped 4.2%.
Another property-linked company to fall was construction materials business CSR Limited (ASX: CSR), it declined 4.1%.
Finally, natural beauty business BWX Limited (ASX: BWX) continued its decline and fell 4.5% today to $3.20.
Here are some of today’s top stories:
- Is ResMed Inc. (CHESS) (ASX:RMD) under threat from this high growth innovator?
- Morgan Stanley thinks these two S&P/ASX 200 shares are about to rally
- Is now the time to buy Telstra Corporation Ltd (ASX:TLS) shares?
- Is it time to buy gold?
When a veritable investing and entrepreneurial genius speaks, it pays to listen.
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Motley Fool contributor Tristan Harrison owns shares of Altium and BWX Limited. The Motley Fool Australia owns shares of and has recommended BWX Limited and Wesfarmers Limited. The Motley Fool Australia owns shares of AFTERPAY T FPO and Altium. The Motley Fool Australia has recommended REA Group 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.