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ALL ORDINARIES finishes higher Monday 10 shares you missed

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:

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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Class Limited and National Australia Bank Limited. The Motley Fool Australia has recommended NIB Holdings Limited, Ramsay Health Care Limited, REA Group Limited, and Webjet Ltd. 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.

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