Australia's S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished lower on Monday.
Here's a quick recap of the Aussie market:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.6%
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.6%
- AUD/USD at US 76.71 cents
- Gold at US$1,242 an ounce, down 0.3%
- Oil at US$46.04 a barrel, down 2.47%
Leading the market lower were shares of James Hardie Industries plc (ASX: JHX) and REA Group Ltd (ASX: REA). Neither company announced material news to the market, yet ended more than 2% lower.
Further down the market, Aveo Group (ASX: AOG) was again amongst the worst-performing shares. The aged care provider has been caught up in the media spotlight over concerns of alleged poor practice.
Fairfax Media Limited (ASX: FXJ), the owner of the Domain property business and newspapers like The Sydney Morning Herald, announced that its two potential suitors failed to lodge a binding offer for the company.
On the other side of the market, Virgin Australia Holdings Ltd (ASX: VAH) rallied 6% following an update on its cash flow and the outlook for its Velocity Frequent Flyer program.
Here are today's top stories:
