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 0.49% to 5,982.70
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.47% to 6,071.60
- AUD/USD at US 76 cents
- Gold at US$1,323.95 an ounce
- Brent Oil at US$74.19 a barrel
The biggest rise in the ASX200 today came from lithium miner Galaxy Resources Limited (ASX: GXY), after it came out of a trading halt and announced it has an estimate for Sal De Vida of a post-tax net present value of US$1.416 billion. The share price rose 6.25% today.
Another lithium miner to do well today was Orocobre Limited (ASX: ORE), it released its quarterly report and the market liked what it revealed with the share price charging 3.86% higher.
Investors must be thinking that Boral Limited (ASX: BLD) presents good value now as it rose by 4.4% today after previously dropping significantly due to a disappointing trading update.
At the other end of the performance table the worst performer was Domino's Pizza Enterprises Ltd. (ASX: DMP), the AFR published a story today how the pizza franchisor is expanding by 'splitting' some of its current franchise stores into two different stores to increase delivery times etc, except the owners aren't enjoying this strategy.
Infant formula company Bubs Australia Ltd (ASX: BUB) shot up almost 2% after announcing it had secured a distribution deal with a large Chinese distributor.
Gage Roads Brewing Co Limited (ASX: GRB) shares went 24% higher today after its sales figures were better than expected.
However, it wasn't such good news for Experience Co Ltd (ASX: EXP) after dropping 17.6% with sales weaker than expected due to the bad weather.
Finally, Cann Group Ltd (ASX: CAN) investors experienced a multi-month high after speculation that it could be a takeover target.
Here are some of today's top stories:
