Australia's S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished higher on Monday.
Here's a short recap of the Australian market:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.13% to 6,130.40
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.11% to 6,236.50
- AUD/USD at US 78.6 cents
- Gold at US$1,321.70 an ounce
- Oil at US$61.44 a barrel
The company with the biggest gain in the ASX200 was Vocus Group Limited (ASX: VOC), which rose by 3.98% today. Mr John Ho is one of the largest shareholders, indirectly holding 17.9% of the business. He was appointed as a non-executive director today.
Monadelphous Group Limited (ASX: MND) rose 3.4% today on the back of no news. A rising oil price is likely giving confidence to the company's shareholders.
The Qantas Airways Limited (ASX: QAN) share price went up by 3% today. Qantas was recently named as one of the world's safest airlines.
Altium Limited (ASX: ALU) rose by 2.58% today with no news. Investors remain excited about Altium's potential with the Internet of Things.
Cochlear Limited (ASX: COH) gained 1.2% thanks to Morgan Stanley raising its price target for Cochlear to $164.
Auscann Group Holdings Ltd (ASX: AC8) had another impressive day, with the share price up by 9.4%. The business has rocketed upwards thanks to a government export regulation change. Investors may start taking profits off the table after this gain.
Argosy Minerals Limited (ASX: AGY) rose by 17.1% today as lithium miners continue to garner interest from investors excited about the electric vehicle and battery future.
The Suncorp Group Ltd (ASX: SUN) share price sadly fell by 1.1% today with the company telling the market that its natural hazard claim would be $60 million to $70 million more than its allowance for the six months to 31 December 2017.
Syrah Resources Ltd (ASX: SYR) ended its recent run of gains by falling 2.69% today, which is likely profit-takers selling for a gain.
The Kogan.Com Ltd (ASX: KGN) share price finished the day being 8.1% in the red. The online store business has had an excellent last six months, so it doesn't surprise me to see some people taking off the table with the business trading on such a high price/earnings ratio.
Here are some of today's top stories:
- Why the Jumbo Interactive Ltd share price just hit a record high
- How the longest winning run for the Aussie dollar could hurt your share portfolio
- NAB warns that farmland property is running hot
- Why overseas investors are rushing to buy Commonwealth Bank of Australia debt
- Why the Suncorp Group Ltd share price tumbled lower today
