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 0.65% to 6,221.40
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) higher 0.64% to 6,310.80
- AUD/USD at US 71 cents
- Gold at US$1,296.09 an ounce
- Brent Oil at US$70.68 a barrel
At the red end of the ASX was the Praemium Ltd (ASX: PPS) share price which plunged 15.3% after the company lost a major client. The Netwealth Group Ltd (ASX: NWL) share price went up 2.9% before the market learned it was the new winner, which was announced after close.
Here are some of today’s top stories:
- Is the Afterpay share price a buy?
- How to decide which ASX dividend shares are right for you
- How to build Warren Buffett’s 90/10 asset allocation with ASX ETFs
- On a PE of 2.9x and 6.9% yield here’s why Grange Resources is surging today
Shareholders of Praemium have seen how investing in sexy growth shares isn’t always good news, even if there’s a positive tailwind. Sometimes it’s the tried-and-tested quality ASX shares that are worth holding for the long-term.
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Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Praemium Limited. The Motley Fool Australia owns shares of and has recommended Flight Centre Travel Group Limited. The Motley Fool Australia owns shares of Netwealth. The Motley Fool Australia has recommended Praemium 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.