Australia’s S&P/ASX 200 (INDEXASX: XJO) (ASX: XJO) ended higher on Monday with shares of Reliance Worldwide Corporation Ltd (ASX: RWC) and Vocus Group Ltd (ASX: VOC) leading the charge.
All Ordinaries: up 0.7% at 6,146 points
ASX 200: up 0.7% at 6,042 points
Biggest Gainers
- a2 Milk Company Ltd (ASX: A2M) – up 3.6%
- Bellamy’s Australia Ltd (ASX: BAL) – up 8.9%
- Westpac Banking Corp (ASX: WBC) – up 1.9%
Biggest Losers
- APA Group Ltd (ASX: APA) – down 4.5%
- QBE Insurance Group Ltd (ASX: QBE) – down 3.3%
- Wesfarmers Ltd (ASX: WES) down 0.4%
Shares of Reliance Worldwide Corp, the plumbing parts business behind products such as Sharkbite, jumped 6.7% today following the release of its half-year financial report. In the six months to 31 December 2017, Reliance Worldwide Corp reported a 28% increase in revenue to $363 million and a profit of $41.5 million, up 17%.
Vocus Group, the owner of telco brands like Dodo, Primus and Commander, rose 1.7% today following the resignation of CEO Geoff Horth. Mr Horth was CEO of M2 Group prior to the merger between Vocus and M2 in February 2016. The CEO position will be assumed by Michael Simmons.
QBE Insurance filed its 2017 annual report with the ASX this morning showing a 2% rise in revenue but a loss of $1.2 billion. QBE reported a final dividend of 4 cents per share. Read more here.
Further down the market and National Vet Care Ltd (ASX: NVL) shares fell 9.7% after reported a 28% increase in half-year revenue with a 28% increase in profit.
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