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 1.74% to 6,476.10
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) higher 1.62% to 6,564.70
- AUD/USD at US 69 cents
- Gold at US$1,275.90 an ounce
- Brent Oil at US$73.07 a barrel
The best-performing ASX 200 share today was the NIB Holdings Limited (ASX: NHF) share price which increased by 15.8% in response to the election result.
Medibank Private Ltd (ASX: MPL) was another very strong performer as it rose by 11.5% with Labor's premium limits not coming into effect.
The big ASX banks were also major movers today. The Westpac Banking Corp (ASX: WBC) share price increased by 9.2% and the National Australia Bank Ltd (ASX: NAB) share price climbed 7.9%.
Another business to benefit from the election result was the Ramsay Health Care Limited (ASX: RHC) share price which rose by 7.3% because of the health insurance premium limits no longer coming into force.
The Class Ltd (ASX: CL1) share price ended the day up 4.7% with investors seemingly a bit more positive about the SMSF market.
The share price of Mortgage Choice Limited (ASX: MOC) climbed 14.5% with the market pointing to the broker as one of the beneficiaries of Labor not being able to implement its policies.
Another sector to get a boost was construction, one of the leaders here was the Boral Limited (ASX: BLD) share price which rose by 4.7%.
The REA Group Limited (ASX: REA) share price was another winner as it increased by more than 4%.
Finally, the share price of Webjet Limited (ASX: WEB) fell 7.7% on Thomas Cook worries.
Here are some of today's top stories:
