3 ASX 200 events you missed on Monday

Catch up all of the ASX 200 news, announcement and events that you missed on Monday as the benchmark index closed 0.31% lower.

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

The S&P/ASX 200 Index (INDEXASX: XJO) started the week in disappointing fashion after shedding 0.37% on Monday.

The benchmark index fell to 6,735.70 points as the All Ordinaries Index (INDEXASX: XAO) edged 0.31% lower to 7,020.20 points.

Information Technology (+0.78%) and A-REITs (+0.13%) were the only sectors to finish in the green on an otherwise disappointing day. The ASX 200 Energy (-1.15%) and Healthcare (-1.14%) sectors were the hardest hit on Monday.

Here's a recap of yesterday's biggest news, announcements and events.

1. Afterpay Ltd (ASX: APT) leads ASX 200 tech shares higher on Monday

The Afterpay share price was the top performer on the ASX 200 on Monday.

The buy now, pay later group led the Information Technology shares higher with Nearmap Ltd (ASX: NEA) and Appen Ltd (ASX: APX) close behind.

All 3 ASX 200 tech stocks pushed higher on Monday despite no market-moving news for quite some time.

Afterpay's major competitor Zip Co Ltd (ASX: Z1P) did release a strong trading announcement, which could have boosted investors faith in the sector's growth going forward.

2. Lithium miners continue to push higher in 2020

The ASX 200 lithium mining shares were also among the winners on Monday.

Orocobre Ltd (ASX: ORE) led the way with the pure play miner's shares climbing 3.82% higher yesterday. That performance was closely followed by Pilbara Minerals Ltd (ASX: PLS) and Galaxy Resources Limited (ASX: GXY).

Yesterday's performance continues a strong trend which has seen the three mining stocks rocket higher to start the new decade.

Orocobre shares are up 33.21% since 2 January, while Pilbara Minerals (+25%) and Galaxy (+27.96%) shareholders have seen similar gains.

3. Agriculture shares under pressure as bushfires burn

Shares in several big ASX 200 agriculture shares were once again under pressure on Monday as fires continue to burn across the country.

The devastating bushfire season has impacted Bega Cheese Ltd (ASX: BGA) but the company's share price rebounded 1.13% yesterday.

It wasn't such a good day for Graincorp Ltd (ASX: GNC) and Rural Funds Group (ASX: RFF) with the ASX 200 shares falling 0.62% and 3.76%, respectively.

Kenneth Hall 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 ZIPCOLTD FPO. The Motley Fool Australia owns shares of and has recommended Nearmap Ltd. and RURALFUNDS STAPLED. 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

Female miner smiling at a mine site.
Share Gainers

Up 834% in a year, guess which ASX mining stock is hitting new all-time highs today

The ASX mining stock has gone from strength to strength over the past year.

Read more »

Broker written in white with a man drawing a yellow underline.
Broker Notes

Brokers name 3 ASX shares to buy now

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

Read more »

A male investor wearing a blue shirt looks off to the side with a miffed look on his face as the share price declines.
Share Fallers

Why COG, Karoon Energy, Netwealth, and Pilbara Minerals shares are dropping today

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

Read more »

Man drawing an upward line on a bar graph symbolising a rising share price.
Share Gainers

Why Fiducian Group, Northern Star, Paradigm, and Santos shares are charging higher

These shares are avoiding the market selloff.

Read more »

Dollar sign in yellow with a red falling arrow in front of a graph, symbolising a falling share price.
Share Market News

Why did the ASX 200 just sink to new 2-month lows on Friday?

It’s been a rocky week for the ASX 200. But why?

Read more »

Woman looking at a phone with stock market bars in the background.
Opinions

I'm buying these quality ASX shares to capitalise on the decline

These are the shares I'd buy if the markets get any worse.

Read more »

A smiling businessman in the city looks at his phone and punches the air in celebration of good news.
Broker Notes

Why this ASX 100 stock can rise 14% to a new 52-week high

Goldman Sachs thinks investors should be buying this top stock now.

Read more »

Young man sitting at a table in front of a row of pokie machines staring intently at a laptop. looking at the Crown Resorts share price
Opinions

Would I follow this billionaire's lead and buy Star shares amid the turmoil?

Should we follow the billionaire who's 'buying-the-dip'?

Read more »