Last week was a huge week for the Blackmores Limited (ASX: BKL) and Bellamy's Australia Ltd (ASX: BAL) share prices, which soared 19% and 21% respectively. The strong gains came as a result of a more relaxed Chinese regulatory environment, and investors will be hoping for further gains today. The broader market may hinder those ambitions, however, with the futures market pointing to a flat opening this morning.
Here's a quick recap:
- FTSE 100 (UK): down 0.05%
- DAX (Germany): up 0.2%
- CAC 40 (France): down 0.24%
- Dow Jones (USA): down 0.29%
- NASDAQ (USA): up 0.19%
While Blackmores and Bellamy's enjoyed a solid run last week, electronics retailer Harvey Norman Holdings Limited (ASX: HVN) shares plummeted over speculation that ASIC was investigating the business' accounts. Although Harvey Norman clarified that it was a routine review and hence, not an investigation, there will still be some anxious investors wondering whether they should really be holding onto the stock.
It was also a bad week for gold miner Evolution Mining Ltd (ASX: EVN). The gold price has fallen marginally again which could weigh on the EVN share price again today.
The BHP Billiton Limited (ASX: BHP) share price could also come under some pressure after the miner's London-listed stock fell 0.8% on Friday. The iron ore price was down another 1.5%, according to The Metal Bulletin, which could also weigh on Rio Tinto Limited (ASX: RIO) and Fortescue Metals Group Limited (ASX: FMG).
Finally, the Liquefied Natural Gas Ltd (ASX: LNG) share price could receive some attention today after the company announced a site lease agreement for its Magnolia LNG subsidiary.
Before getting started on your day, be sure to check out these two articles:
