The S&P/ASX 200 Index (INDEXASX: XJO) had a strong start to the week on Monday after recording its best gains since May 2019.
The ASX 200 edged 0.03% higher to close at 6,735.70 points as the All Ordinaries Index (INDEXASX: XAO) edged to 6,857.40 points.
Energy (+1.25%) and Materials (+0.68%) shares led the way for the ASX 200 on Monday while A-REITs (-0.58%) and Financials (-0.58%) fell lower.
Here’s a recap of the news, announcement and events that you missed on a mixed day for the Aussie share market.
1. ASX 200 gold miners rocket higher on Monday
The top ASX 200 performers on Monday were headlined by the Aussie gold miners. The Evolution Mining Ltd (ASX: EVN) share price rocketed 6.81% with Newcrest Mining Limited (ASX: NCM) shares climbing 3.94% higher.
St Barbara Ltd (ASX: SBM) was another top performer after gaining 2.90% across the day.
2. Bushfires continue to push shares lower
Despite strong gains from the Aussie gold miners, the impact of Australia’s ongoing bushfire crisis took centre stage on the markets yesterday with several affected ASX 200 shares falling.
The Costa Group Holdings Ltd (ASX: CGC) share price slumped 3.21% as the agriculture group reported supply chain disruptions.
3. Bega shares slump nearly 10% lower
The hardest-hit ASX 200 share price on Monday was that of Bega Cheese Ltd (ASX: BGA).
The Bega share price plunged 9.26% to $3.92 per share at yesterday’s close and was another of the bushfire-affected companies.
Fires continue to rage in the Bega Valley and surrounding areas where the company has operations, which has impacted a number of its employees and dairy farm suppliers in the region.
This comes on top of the ongoing drought conditions that have plagued the ASX 200 company.
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Motley Fool contributor Kenneth Hall has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended COSTA GRP FPO. 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.