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:

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.

a woman

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 man in his 30s with a clipped beard sits at his laptop on a desk with one finger to the side of his face and his chin resting on his thumb as he looks concerned while staring at his computer screen.
Broker Notes

Buy, hold, sell: Life360, Northern Star, and Sigma shares

Are these popular shares buys? Here's how analysts rate them.

Read more »

Business man marking buy on board and underlining it.
Broker Notes

6 ASX All Ords shares elevated to strong buy status after March sell-off

The ASX All Ords fell 8% in March after the US and Israel attacked Iran and oil and gas prices…

Read more »

Red buy button on an Apple keyboard with a finger on it.
Broker Notes

Brokers name 3 ASX shares to buy right now

Here's why brokers are feeling bullish about these three shares this week.

Read more »

Frustrated stock trader screaming while looking at mobile phone, symbolising a falling share price.
Share Market News

Why Beetaloo, Fortescue, Orora, and Whitehaven Coal shares are dropping today

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

Read more »

Man in a business suit leaps off a boulder in front of a blue sky.
Share Gainers

3 ASX 200 stocks surging 13% to 36% in this shortened trading week

Investors sent these three ASX 200 stocks flying higher following the Easter break. But why?

Read more »

Three happy office workers cheer as they read about good financial news on a laptop.
Share Gainers

Why Amaero, Mesoblast, Telix, and Tivan shares are charging higher today

These shares are ending the week on a high. But why?

Read more »

A young couple stands next to a real estate agent in an empty apartment they are inspecting.
Real Estate Shares

Mirvac shares sink to their lowest level since 2015. Is this ASX property giant back on the radar?

Multi-year lows put Mirvac shares back on investors’ watchlists today.

Read more »

surprised child reading all about asx 200 shares in a newspaper
Share Market News

Why Magellan, Telix and Fortescue shares are grabbing headlines on Friday

Telix, Magellan, and Fortescue shares are catching ASX investor interest today. But why?

Read more »