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 0.02% to 5,773.40
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) lower 0.03% to 5,833.20
- AUD/USD at US 72 cents
- Gold at US$1,291.04 an ounce
- Brent Oil at US$59.80 a barrel
The Retail Food Group Limited (ASX: RFG) share price finished up 15.3% after confirming it is looking at selling some of its food brands to pay down debt.
Here are some of today’s top stories:
- Top broker picks best ASX retail stocks for 2019 as retail sales jump to near 2-year highs
- Why the LiveHire Ltd share price has lost 58% over the past year
- Take Stock: How the Kokoda Trail almost killed me… and why I’d do it all again
- Is the Westpac share price a buy for its 10.5% yield?
Wesfarmers is struggling to deliver meaningful revenue growth at its department stores, it could be a good idea to avoid investing in it for now until we see the full December 2018 result.
Motley Fool contributor Tristan Harrison owns shares of COSTA GRP FPO. The Motley Fool Australia owns shares of and has recommended COSTA GRP FPO and Wesfarmers Limited. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended The Reject Shop 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.