The All Ordinaries (INDEXASX: XAO)(ASX: XAO) closed firmly higher on Monday.
Biggest Movers
- Yancoal Australia Ltd (ASX: YAL) – up 3.7%
- Qantas Airways Limited (ASX: QAN) – up 3.1%
- DEXUS Property Group (ASX: DXS) – up 2%
- Vocus Group Ltd (ASX: VOC) – up 3.8%
- A2 Milk Company Ltd (ASX: A2M) (NZE: ATM) – up 1.7%
Biggest Losers
- Blue Sky Alternative Investments Ltd (ASX: BLA) – down 6%
- Moelis Australia Ltd (ASX: MOE) – down 4%
- Fortescue Metals Group Limited (ASX: FMG) – down 2.2%
- Coca-Cola Amatil Ltd (ASX: CCL) – down 2%
- Suncorp Group Ltd (ASX: SUN) – down 1.1%
ASX News
Amongst the Big Four banks and miners, Commonwealth Bank of Australia (ASX: CBA) was the best performer, rising 0.6%. Rio Tinto Limited (ASX: RIO) fell 0.3%.
Suncorp Group shares fell following the release of a Natural Hazard update this morning. The insurance heavyweight said the recent Victorian hailstorms saw claims for vehicle repairs push its six-monthly allowances for natural perils in excess of its anticipated allowance by $60 million to $70 million. Read more here.
Vocus Group, the owner of Dodo, iPrimus and other telecommunications brands, rose 3.8% after the company announced the appointment of Non-Executive Director John Ho.
Similarly, Coca-Cola Amatil Ltd (ASX: CCL), the Australian and Kiwi bottler and distributor of Coca-Cola products, appointed Peter West as Managing Director of its Australian beverage business. He joins Coca-Cola Amatil from Lion.
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Tweet of the day
Our governments — both stripes — have been and remain asleep at the wheel when it comes to making sure the country benefits from single-use natural resources. A disgrace
— Scott Phillips (@TMFScottP) January 8, 2018
