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) higher 0.3% to 5,886.00
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) higher 0.20% to 5,976.00
- AUD/USD at US 77 cents
- Gold at US$1,333.30 an ounce
- Brent Oil at US$74.05 a barrel
One of the biggest price movements today was iSelect Ltd's (ASX: ISU) fall of 55% after a large profit downgrade and news of the CEO leaving the company.
Regional bank Bendigo and Adelaide Bank Ltd (ASX: BEN) was the best performer in the ASX200, it rose over 5% after a broker upgraded its view of the shares.
The managing director of Blue Sky Alternative Investments Ltd (ASX: BLA), Rob Shand, resigned today – this sent the Blue Sky share price down another 10.4%.
AMP Limited (ASX: AMP) is not faring well from the royal commission, it fell another 3% today.
Brokers and investors aren't pleased with the Australian Pharmaceutical Industries Ltd (ASX: API) result which was released last week, the share price has dropped another 6.3%.
Market confidence of G8 Education Ltd (ASX: GEM) continues to fall, the share price fell 3.9% today to $2.22, even though some brokers believe it's a buy.
Galaxy Resources Limited (ASX: GXY) released its quarterly figures today, the market didn't like it with the share price dropping by 3%.
Finally, Kogan.Com Ltd (ASX: KGN) also released its quarterly result, investors really didn't like the numbers and sent the price down 17.8%.
Here are some of today's top stories:
