The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) followed international markets lower on Monday to end down 0.8%.
Here's a recap:
- FTSE 100 (UK): down 0.3%
- DAX (Germany): down 0.2%
- CAC 40 (France): down 0.7%
- Dow Jones (USA): down 0.1%
- NASDAQ (USA): up 0.1%
Bellamy's Australia Ltd (ASX: BAL) continued its fall from grace with the infant formula producer falling another 4.2% to close at just $6.56. Shares of Bellamy's rival a2 Milk Company Ltd (Australia) (ASX: A2M) ended down 0.9%.
Also weighing heavily on the market were the Big Four banks, with each of the majors ending lower. Westpac Banking Corp (ASX: WBC) and Commonwealth Bank of Australia (ASX: CBA) ended 1.2% lower.
By far the ASX 200's best performer was energy utility business DUET Group (ASX: DUE) which today received a $7.3 billion takeover from Hong Kong's Cheung Kong Infrastructure. The deal values DUET at an impressive $3 per share.
Mining shares also bucked the trend to end the day higher, with Fortescue Metals Group Limited (ASX: FMG) and South32 Ltd (ASX: S32) ratcheting up gains of 1.8% and 2.47%, respectively.
Here are Monday's top stories:
- Why the DUET Group share price has rocketed 18% this morning
- The 4 best dividend stocks of 2025
- Bapcor Ltd's share price surges on Hellaby deal
- The 5 Best Kept Secrets of Successful Investors
- 3 reasons I think you should buy Healthscope Ltd shares today
- Asset Managers: One simple metric to consider before buying
