ResMed Inc. (CHESS) (ASX: RMD) shares led the ALL ORDINARIES (INDEXASX: XAO)(ASX: XAO) index to a higher finish on Monday.
All Ordinaries: up 0.4% at 6,187 points
ASX 200: up 0.4% at 6,075 points
Fun fact: if the All Ordinaries index rises to 6,257 points (another 1.1%) it will be at a 10-year high!
Here are the shares which moved the market today.
Biggest Gainers
- South32 Ltd (ASX: S32) – up 3.7%
- ResMed Inc. (CHESS) (ASX: RMD) – up 2.6%
- Orocobre Ltd (ASX: ORE) – up 5.7%
Biggest Losers
- Northern Star Resources Ltd (ASX: NST) – down 5.9%
- Auckland International Airport Ltd (ASX: AIA) – down 3.6%
- Atlas Iron Limited (ASX: AGO) – down 16.1%
Shares of ResMed, the $17.5 billion biotechnology heavyweight, rose again today. Last week, the San Diego-based ResMed reported its latest quarterly results to the ASX revealing a 13% jump in revenue and operating cash flow of $132.6 million. Read more here.
Amongst the Big Four banks, Commonwealth Bank of Australia (ASX: CBA) shares rose 0.7% today following the appointment of Matt Comyn as CEO. Comyn will replace the outgoing Ian Narev in April. Currently, Comyn is Commbank’s head of Retail Banking Services. Read more here.
Australia and New Zealand Banking Group (ASX: ANZ) shares fell 0.1%.
Also making the news today was an announcement by Atlas Iron Limited (ASX: AGO), the $280 million iron ore company from Perth. This morning, Atlas Iron released its quarterly report to the market only for its shares to be sold down 16%. Here’s the news.
Finally, shares of gold mining companies lost their shine today as investors discounted shares in some of the ASX’s largest producers. According to data from the London Metals Exchange, gold prices slumped 0.8% to $US1,357 per ounce overnight.
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