3 ASX 200 events you missed on Monday

Find out all the announcements, losers and gainers that you missed on the ASX 200 on another huge Monday of trade.

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

It was a busy day of trade to kick off the week, with the ASX 200 falling lower on Monday.

The S&P/ASX 200 Index (INDEXASX: XJO) slumped 0.56% or 38.20 points lower to 6,755.60 points at the day's close.

Here's a recap of the biggest announcements and stock movements on another huge Monday of trade.

1. Appen share price leads ASX 200 gainers on Monday

Appen Ltd (ASX: APX) was the top performing stock on the ASX 200 on Monday after surging 13.13% higher to $26.37per share.

Appen increased its FY19 earnings before interest, tax, depreciation and amortisation (EBITDA) guidance on Monday.

The Aussie tech stock is expecting underlying EBITDA of $96 million to $99 million, up from $85 million to $90 million previously.

This is the latest in a long line of earnings upgrades from the top performing Aussie tech stock.

Appen shares led all comers on the ASX 200 on Monday following the strong growth news.

2. Smartgroup shares plummet lower on lower earnings

The Smartgroup Corporation Ltd (ASX: SIQ) share price was hammered 14.06% lower on the ASX 200 on Monday.

Smartgroup announced a change of CEO and earnings update prior to the market open.

CEO Deven Billimoria intends to retire with the current CFO, Tim Looi, taking over after the FY 2019 results.

Smartgroup also said it expects to report NPATA of $81 million in FY 2019, representing a 3.8% increase on FY 2018 levels.

The Smartgroup share price plummeted lower on the news to close at $9.45 per share.

3. iSignthis shares remain suspended

iSignthis Ltd (ASX: ISX) shares are in an ASX-imposed trading halt 'until further notice'.

The back and forth continued between the company and the ASX over the 6-week suspension of its shares.

The company's half-year revenue has been in the spotlight, considering it went from $5 million in June 2018 to just $1.09 million through to December 2018.

iSignthis shares remain unchanged at $1.07 per share having last traded on 1 October.

Motley Fool contributor Kenneth Hall has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Appen Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Market News

Smiling man with phone in wheelchair watching stocks and trends on computer
Share Market News

5 things to watch on the ASX 200 on Tuesday

A good session is expected for Aussie investors today.

Read more »

a man sits at his desk wearing a business shirt and tie and has a hearty laugh at something on his mobile phone.
Opinions

Potential buys: 2 compelling ASX shares I like

These ASX shares have an exciting future.

Read more »

Man on a laptop thinking.
Share Gainers

Here are the top 10 ASX 200 shares today

Investors weren't in a good mood this Monday.

Read more »

A male investor sits at his desk looking at his laptop screen holding his hand to his chin pondering whether to buy Macquarie shares
Share Market News

How I'm preparing my ASX earnings season watchlist

It's almost that time of year again.

Read more »

group of friends checking facebook on their smartphones
Broker Notes

Macquarie tips 22% return for this ASX telco stock

This telco could be undervalued at current levels according to the broker.

Read more »

A male sharemarket analyst sits at his desk looking intently at his laptop with two other monitors next to him showing stock price movements
Broker Notes

Leading brokers name 3 ASX shares to buy today

Here's why brokers believe that now could be the time to snap up these shares.

Read more »

Frustrated stock trader screaming while looking at mobile phone, symbolising a falling share price.
Share Fallers

Why Block, Computershare, South32, and Strickland Metals shares are falling today

These shares are starting the week in the red. But why?

Read more »

a young woman raises her hands in joyful celebration as she sits at her computer in a home environment.
Share Gainers

Why Abacus Storage King, DroneShield, Hansen, and Macquarie Technology shares are charging higher

These shares are starting the week on a positive note. But why?

Read more »