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.
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%.
Here are some of today’s top stories:
- How the new Huawei-Google crisis is helping this ASX 200 stock
- Why the Sydney Airport share price has tumbled lower today
- Is the Telstra share price a buy after the election?
- 2 ETFs to buy for wealth and simple investing
Where to invest $1,000 right now
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.
*Returns as of June 30th
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.