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 0.04% to 6,135.30
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.30% to 6,235.00
- AUD/USD at US 75 cents
- Gold at US$1,320.75 an ounce
- Brent Oil at US$77.30 a barrel
The large rise of today belonged to Specialty Fashion Group Ltd (ASX: SFH), it went up 58% after announcing it was selling all of its brands, except the profitable City Chic chain.
Telco Telstra Corporation Ltd (ASX: TLS) dropped 5% today after confirming it would hit the bottom of its profit guidance for FY18. Fellow telco TPG Telecom Ltd (ASX: TPM) fell 4.3%, with investors worried it may unveil its own disappointing profit numbers.
The Medical Developments International Ltd (ASX: MVP) share price dropped by 13% after management said that sales would be flat or lower this year due to slower Australian sales.
A tug of war could be about to begin for Healthscope Ltd (ASX: HSO), the share price rose 4.5% after another offer came in for the private hospital operator.
GWA Group Ltd (ASX: GWA) shares rose 5.7% today after announcing the sale of its door business.
The share price of Lynas Corporation Ltd (ASX: LYC) fell another 9.6% today as worries mount about its Malaysian operations.
Finally, Seven Group Holdings Ltd (ASX: SVW) finished the day up 1.9% after announcing it was upgrading its FY18 guidance due to good weather conditions for construction.
Here are some of today's top stories:
