The Australian share market, including the S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) and All Ordinaries (INDEXASX: XAO)(ASX: XAO) closed firmly higher on Monday.

Biggest Movers

  • Aconex Ltd (ASX: ACX) – up 44% (Why? Read more here)
  • Alumina Limited (ASX: AWC) – up 4%
  • Australia and New Zealand Banking Group (ASX: ANZ) – up 2.1%
  • Pilbara Minerals Ltd (ASX: PLS) – up 12.2%
  • Mayne Pharma Group Ltd (ASX: MYX) – up 8%

Biggest Losers

ANZ, Australia’s fourth-largest bank, announced the successful sale of its 20% stake in Shanghai Rural Commercial Bank. It said the sale enabled the bank to launch a $1.5 billion share buyback.

“ANZ’s strong capital position combined with the progress made in simplifying our business means we are now in a position to commence returning surplus capital to shareholders while still complying with APRA’s unquestionably strong capital requirements,” ANZ Chief Financial Officer, Michelle Jablko said.

Outside of the Australian sharemarket, Oil prices rose 0.44% while gold prices traded flat.

Bitcoin, the popular digital cryptocurrency lost 1.8% of its value, according to Coindesk. The fall coincides with the overnight listing of Bitcoin futures contracts on the leading US financial market CME.

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