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 1.14% to 5,683.20
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) higher 1.19% to 5,744.50
- AUD/USD at US 71 cents
- Gold at US$1,289.33 an ounce
- Brent Oil at US$57.71 a barrel
Other resource businesses also went up by a very pleasing amount including Syrah Resources Ltd (ASX: SYR) which went up by 8.9%, according to the ASX. The Sandfire Resources NL (ASX: SFR) share price rose 8.7%.
Buy now, pay later business Afterpay Touch Group Ltd (ASX: APT) finished 7.1% higher today, it led a strong recovery for many of the ASX’s leading growth shares.
The Healius Ltd (ASX: HLS) share price dropped 6.4% today after its board decided to reject the initial offer made by a potential Chinese suitor. We’ll have to see if the bidder comes back with another offer.
Shares of Pushpay Holdings Ltd (ASX: PPH) rose 5.2% after the church donation payment business announced it has achieved cashflow breakeven status.
The BHP Group Ltd (ASX: BHP) share price finished the day up 3%, helping the index rise.
Here are some of today’s top stories:
- Homebuilder Tamawood just warned of a ‘perfect storm’ for Australian house prices
- NASDAQ Soars 17% (with an asterisk)
- Top fund manager names 12 ASX shares for a recession proof portfolio
- NAB vs Westpac: Which bank share should you buy?
Afterpay may be on the rise today but it’s still looks expensive today, I think there are better investment opportunities out there.
Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of AFTERPAY T FPO and PUSHPAY FPO NZX. 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.