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 short recap of the Australian market:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.48% to 6,004.00
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.45% to 6,113.60
- AUD/USD at US 76 cents
- Gold at US$1,301.90 an ounce
- Brent Oil at US$75.41 a barrel
The best-performing ASX200 share today has been Reliance Worldwide Corporation Ltd (ASX: RWC), the plumbing business finished the day up 22.8% after coming out of the trading halt for the UK acquisition it announced last week.
Another strong performer was Investa Office Fund (ASX: IOF) with the business receiving a takeover offer from Blackstone, it went up 11% today.
Media companies were strong performers today. APN Outdoor Group Ltd (ASX: APO) went up by 7.7% today after giving EBITDA guidance for FY18. The other media company to rise was Seven West Media Ltd (ASX: SWM), its share price increased by 4%.
At the other end of the share market, Metcash Limited (ASX: MTS) fell by a large 17.7% after telling investors it was losing one of its major South Australian customers.
The oil price dropped steeply over the weekend, leading to oil company share prices following suit. Beach Energy Ltd (ASX: BPT) went down by 9.6%, Santos Ltd (ASX: STO) declined by 3.6% and Woodside Petroleum Limited (ASX: WPL) dropped by 3.5%.
Finally, Vocus Group Ltd (ASX: VOC) dropped by 4.1% after it lost Macquarie Group Ltd (ASX: MQG) as a substantial shareholder, Macquarie dropped by 1% today.
Here are some of today's top stories:
