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 0.71% to 6,563.60
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) higher 0.75% to 6,686.70
- AUD/USD at US 67 cents
- Gold at US$1,505.98 an ounce
- Brent Oil at US$58.33 a barrel
ASX tech shares recovered lost ground from last week, following on from a strong day for the US market on Friday. The WiseTech Global Ltd (ASX: WTC) share price rose over 4% and the Afterpay Touch Group Ltd (ASX: APT) share price increased by 2.25%.
Pharmaceutical company Mayne Pharma Group Ltd (ASX: MYX) saw its share price fall another 3.5% after last week’s large deal.
The share price of Magellan Financial Group Ltd (ASX: MFG) declined by 2.3% with the internationally-focused fund manager’s funds under management (FUM) failing to impress last week.
Remote communications business Speedcast International Ltd (ASX: SDA) saw its share price fall 4.4%, making it the worst performer in the ASX 200.
Finally, the share price of Fortescue Metals Group Limited (ASX: FMG) rose by 3.3%, making it the best-performing large resource business today.
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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 AFTERPAY T FPO and WiseTech Global. The Motley Fool Australia has no position in any of the stocks mentioned. 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.