Wesfarmers Ltd (ASX: WES) shares fell 4.5% on Monday as the ALL ORDINARIES (INDEXASX: XAO)(ASX: XAO) index finished sharply lower.
All Ordinaries: down 1.6% at 6,128 points
ASX 200: down 1.6% at 6,026 points
The ASX’s selloff follows Friday’s steep sell-off on US stock markets.
Here are the shares which moved the market today.
Biggest Gainers
- Sonic Healthcare Limited (ASX: SHL) – up 0.8%
- Clearview Wealth Ltd (ASX: CVW) – up 2.6%
- Reece Ltd (ASX: REH) – up 2%
Biggest Losers
- Platinum Investment Management Limited (ASX: PTM) – down 4.9%
- Wesfarmers – down 4.5%
- Orocobre Limited (ASX: ORE) – down 7.3%
Shares of the Big Four banks ended firmly lower today with Westpac Banking Corp (ASX: WBC) and Commonwealth Bank of Australia (ASX: CBA) falling 1.2%.
Earlier today, Westpac released a prospectus for its new capital notes. The bank said that up to $750 million of new capital will be raised, with the proceeds used for general business purposes.
Shares in Australia’s two largest mining companies, BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) fell 2.1% and 2.2%, respectively, despite no news from either company.
Shares of Wesfarmers, the owner of Bunnings and Coles supermarkets, fell 4.5% after it announced a $795 million write-down to Bunnings’ UK business. Bunnings expanded into the region in 2016 with the acquisition of Homebase, a struggling hardware store. Read more here.
Despite Telstra Corporation Ltd (ASX: TLS) announcing the rollout of its 5G mobile network next year, shares in Australia’s largest telecommunications business fell 1.4%.
Finally, outside of the sharemarket, the prices of cryptocurrencies Bitcoin, Ethereum and Ripple continued to fall, according to coinmarketcap. You can read more here.
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