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 best-performing ASX 200 share today was TV business Seven West Media Ltd (ASX: SWM) which rose by 4.7%. Shares of media peer Nine Entertainment Co Holdings Ltd (ASX: NEC) also went up by 4.6%.
Horticultural business Costa Group Holdings Ltd (ASX: CGC) saw its share price rise another 4.5% today after last week's horror show.
The overseas markets are pointing to a red start to the week, which could be why the Afterpay Touch Group Ltd (ASX: APT) share price went down by 3.6% today.
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.
Shares of another retail business, Reject Shop Ltd (ASX: TRS), will come under scrutiny tomorrow after saying it will meet its profit guidance.
The Wesfarmers Ltd (ASX: WES) share price ended the day down 2.2% because Kmart sales were lower than investors were hoping for in the December 2018 half-year.
Finally, the BlueScope Steel Limited (ASX: BSL) share price finished down by 5.2%, making it the worst performer in the ASX 200.
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.
