3 ASX 200 events you missed on Monday

Find out all the announcements, losers and gainers that you missed on the ASX 200 on another huge Monday of trade.

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

It was a busy day of trade to kick off the week, with the ASX 200 falling lower on Monday.

The S&P/ASX 200 Index (INDEXASX: XJO) slumped 0.56% or 38.20 points lower to 6,755.60 points at the day's close.

Here's a recap of the biggest announcements and stock movements on another huge Monday of trade.

1. Appen share price leads ASX 200 gainers on Monday

Appen Ltd (ASX: APX) was the top performing stock on the ASX 200 on Monday after surging 13.13% higher to $26.37per share.

Appen increased its FY19 earnings before interest, tax, depreciation and amortisation (EBITDA) guidance on Monday.

The Aussie tech stock is expecting underlying EBITDA of $96 million to $99 million, up from $85 million to $90 million previously.

This is the latest in a long line of earnings upgrades from the top performing Aussie tech stock.

Appen shares led all comers on the ASX 200 on Monday following the strong growth news.

2. Smartgroup shares plummet lower on lower earnings

The Smartgroup Corporation Ltd (ASX: SIQ) share price was hammered 14.06% lower on the ASX 200 on Monday.

Smartgroup announced a change of CEO and earnings update prior to the market open.

CEO Deven Billimoria intends to retire with the current CFO, Tim Looi, taking over after the FY 2019 results.

Smartgroup also said it expects to report NPATA of $81 million in FY 2019, representing a 3.8% increase on FY 2018 levels.

The Smartgroup share price plummeted lower on the news to close at $9.45 per share.

3. iSignthis shares remain suspended

iSignthis Ltd (ASX: ISX) shares are in an ASX-imposed trading halt 'until further notice'.

The back and forth continued between the company and the ASX over the 6-week suspension of its shares.

The company's half-year revenue has been in the spotlight, considering it went from $5 million in June 2018 to just $1.09 million through to December 2018.

iSignthis shares remain unchanged at $1.07 per share having last traded on 1 October.

Motley Fool contributor Kenneth Hall has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Appen 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.

More on Share Market News

a woman stands with her hand to the side of her head and a sad, slightly distressed look to her expression while holding a large glass of milk in her other hand.
Share Market News

The a2 Milk Company shares fall 11% after responding to an ASX price query

a2 Milk Company confirms no undisclosed news behind its latest share price drop following an ASX price query.

Read more »

CEO of a company looking straight ahead.
Share Market News

Region Group names Greg Chubb as new CEO and Managing Director

Greg Chubb will begin his new roles in March 2026.

Read more »

A man using a phone shouts and puts his hand out in a stop motion indicating the Yancoal trading halt today
Share Market News

The A2 Milk Company in trading halt: What investors should know

The A2 Milk Company shares have increased more than 40% in the past 12 months.

Read more »

Calculator and gold bars on Australian dollars, symbolising dividends.
Share Market News

Gold, silver hit new highs as US punishes Europe with tariffs over Greenland stance

The United States wants to buy Greenland for security purposes.

Read more »

Beautiful young woman drinking fresh orange juice in kitchen.
Share Gainers

Why Catalyst Metals, Lynas, Polynovo, and St George Mining shares are pushing higher today

These shares are starting the week with a bang. But why?

Read more »

A man sits in despair at his computer with his hands either side of his head, staring into the screen with a pained and anguished look on his face, in a home office setting.
Share Fallers

Why Fortescue, Life360, PLS, and Syrah shares are dropping today

These shares are starting the week in the red. But why?

Read more »

A few gold nullets sit on an old-fashioned gold scale, representing ASX gold shares.
Gold

Guess which surging ASX gold share is leaping another 18% today on high-grade results

Investors are piling into this small-cap ASX gold share today. But why?

Read more »

Green stock market graph with a rising arrow symbolising a rising share price.
Opinions

3 unstoppable ASX shares to buy with $3,000

These businesses have strong futures.

Read more »