ASX adds 0.4% as small caps lag

Australia’s S&P/ASX 200 share index added 0.4% today to mark its best session in two weeks, reaching 5931.30. This was not the case for the small ordinaries which struggled to gain momentum today, losing 0.54% off the index. 

The banks had a reasonable day despite Westpac (WBC) being the next to report some particularly poor earnings, with profit down 66% for the year. NAB was an example of this, up 1.18% for the day.

Supermarket giants, Coles (COL) and Woolworths (WOW) also enjoyed a green day today, adding 1.80% and 0.97% respectively.

Gainers and Losers

The biggest gainers on Monday were:

• AMP +9.8%
• CSR +5.7%
• Boral +5.5%
• Cromwell Property +5.1%
• Sydney Airport +4.4%

The biggest declines were:

• Avita Therapeutics -5.1%
• Polynovo -4.6%
• Whitehaven Coal -4.2%
• Credit Corp Group -3.6%
• Clinuval Pharmaceuticals -3.5%

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Disclaimer:
This article does not take into account the investment objectives, financial situation or needs of a particular person or entity. Before acting on any investment strategy or advice you should first consult with your current ASIC accredited investment professional or seek out a compliant investment professional for such.