ASX Rallies, Aged Care Stocks Sink

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The benchmark S&P/ASX200 Index and the broader All Ordinaries Index each rose 1 per cent to 5429.6 and 5524.4 points respectively.

Shares in BHP rose 2.5 per cent on Monday, following the announcement of Woodside Petroleum’s $400 million purchase of BHP’s stake in the Scarborough LNG project.

Shares in Estia closed 11.8 per cent down to $2.78, Regis was down 16.7 per cent to $3.70 and Japara lost 14.7 per cent to $1.74.

Shares in Woodside Petroleum lifted 1.5 per cent to $28.51 while fellow resources giant Rio Tinto traded 1.5 per cent higher to $48.10.

Shares in data centre developer NextDC entered a trading halt on Monday following news the company will embark on a capital raising.

Commonwealth Bank of Australia, National Australia Bank, Westpac and ANZ all closed the session between 1.7 and 2 per cent higher.

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