Local shares managed to recover today following a sharp drop earlier in the session. Only a few businesses experienced large sell-offs for the day, with some recording significant gains.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) flat at 5431 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) flat at 5519 points
- AUD/USD at US 76.2 cents
- Iron Ore at US$56.79 a tonne, according to the Metal Bulletin
- Gold at US$1,333.07 an ounce
- Brent oil at US$46.26 a barrel
SAI Global Limited (ASX: SAI) was the biggest winner for the day. Its shares surged 28.7% after a takeover offer from Baring Asia, although the shares are still trading below the takeover price.
Whitehaven Coal Limited (ASX: WHC) also rose 7.5%. Iress Ltd (ASX: IRE), on the other hand, was entered into a trading halt after it acquired Financial Synergy.
Shares of REA Group Limited (ASX: REA) gained 2.7% and APN Outdoor Group Ltd (ASX: APO) lifted 4.4%.
Retail giants Wesfarmers Ltd (ASX: WES) and Woolworths Limited (ASX: WOW) didn't fare so well, falling 0.7% and 2.1%, respectively.
Northern Star Resources Ltd (ASX: NST) gained 3.6%, making it one of the top-performing gold miners, while Senex Energy Ltd (ASX: SXY) lost 2%.
Here are Monday's top stories:
- SAI Global Limited shares surge 31% on takeover offer: Is it time to sell?
- Are the 10 most shorted shares on the ASX in your portfolio?
- Here's why Iress Ltd asked investors to spend $85 million today
- Oil price sinks: Is it time to sell your Santos Ltd shares?
- 3 stocks up 300% this year that everyone's missed
- These 5 industrial stocks could see you demolish the ASX200 in 2016
