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 1.84% to 5,771.20
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) higher 1.86% to 5,856.30
- AUD/USD at US 74 cents
- Gold at US$1,220.90 an ounce
- Brent Oil at US$62.38 a barrel
The best-performing ASX 200 share today was Graincorp Ltd (ASX: GNC), the food commodity business went up 26.7% on a takeover approach.
Shares of Brickworks Limited (ASX: BKW) rose 3.7% after announcing the sale of some of its Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) shares to fund the US acquisition. The Soul Patts share price was flat today.
The pause of the trade war between the United States and China has sent many shares up dramatically. One of the biggest gains was from Bellamy's Australia Ltd (ASX: BAL), it rose by 12%. Fellow infant formula business A2 Milk Company Ltd (ASX: A2M) also rose by 5.3%.
Many resource businesses including South32 Ltd (ASX: S32) went up thanks to the trade war ceasefire, South32's share price rose by 7.1%.
The BlueScope Steel Limited (ASX: BSL) share price went up 11.75% today, the steel company announced a buyback.
Finally, the rising oil price gave petroleum businesses a boost including Santos Ltd (ASX: STO) which went up by 8.7%.
Here are some of today's top stories:
