The All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is up by 0.25% in Monday afternoon trade, gaining 15.10 points to 5979.50. Here are some of the biggest movers of the day so far.
Bendigo and Adelaide Bank Ltd (ASX:BEN)
The Bendigo and Adelaide Bank Ltd (ASX:BEN) share price has jumped 4.84% to $10.39, making it one of the strongest performers of the day so far.
This comes after a positive broker note was released out of Goldman Sachs this morning, upgrading the bank from a neutral rating to a buy rating.
Newcrest Mining Limited (ASX:NCM)
The Newcrest Mining Limited (ASX:NCM) share price has is up 2.9% to $20.57 after the gold miner this morning updated the market on its plans for the Cadia Hill open pit.
Newcrest reported that it has received approval to use its Cadia Hill open pit as a tailings storage dam in an effort to assist Cadia Hill return to full production after a dam collapse halted operations at its NSW underground mine complex. The miner said this is the best possible economic option and will it provide enough storage for the Cadia mine to progressively return to full production and operate for approximately 16 months.
iSelect Limited (ASX:ISU)
The iSelect Limited (ASX:ISU) share price has slumped 52% to 48 cents, making it the biggest loser of the day.
This came after the company announced it had slashed its 2018 earnings guidance and announcing the immediate resignation of chief executive Scott Wilson.
iSelect has cut its underlying earnings expectation to between $8 million and $12 million for the full year, well down on its previous guidance of $26 million to $29 million.
Livehire Ltd (ASX:LVH)
Livehire Ltd (ASX:LVH) is trading at 65 cents, an decrease of 15.03%, making it one of the biggest losers of the day.
The cloud-based online human resources platform this morning released its quarterly report update to the market, revealing Cash receipts for the quarter were $454,000, down 16% on previous quarter.
Kogan.com Ltd (ASX:KGN)
The Kogan.com Ltd (ASX:KGN) share price is also down 9.63% to $8.33, despite strong quarterly results.
Kogan.com this morning released its Cash Flow Statement for the quarter ending March 31, 2018. The statement shows that Gross Transaction Value grew 49.8% and revenue grew 46.1%.
CEO Ruslan Kogan has said that the business is poised to continue its strong growth trajectory.