Resources companies, comprising energy and mining stocks, were the top performers in the S&P/ASX 200 Index, which fell 0.3% last week.
The S&P/ASX 200 Materials Index advanced 2.8% over five days, the best-performing sector in the ASX 200.
Top 5 share price gains
The top 5 share price gains for the week ended Friday, 8 July were:
Whitehaven Coal (WHC): up 18.9% to $1.355; Past 12 months up 12%
Evolution Mining (EVN): up 13.2% to $2.92; Past 12 months up 141.3%
Independence Group (IGO): up 11.8% to $3.78; Past 12 months down 5.5%
Western Areas (WSA): up 11.2% to $2.48; Past 12 months down 13%
Saracen Mineral Holdings (SAR): up 11% to $1.66; Past 12 months up 277.3%
What to watch this week
After a week of uncertainty surrounding the outcome of the Australian federal election result, Opposition leader Bill Shorten conceded defeat on Sunday as it became clear that a Malcolm Turnbull-led Coalition could form government.
The ASX 200 jumped 1.8% to 5,323.3 by 11:28am Sydney time on Monday.
Meanwhile, a number of key economic data will be released this week in Australia and overseas.
Locally, the focus is likely to be on the labour market, with June employment data out on Thursday.
“Figures have been somewhat patchy in recent months with the job market seemingly pausing for breath after out-sized increases in late 2015,” said CommSec.
“Overall we expect that the number of jobs rose by around 5,000 in June. And while the participation rate may have held steady at 64.8%, it is unlikely to stop the unemployment rate lifting modestly from 5.7% to 5.8%.”
Other Australian economic data includes May housing finance (Monday), credit and debit card lending (Tuesday) and June new vehicle sales (Thursday).
In the US, the highlights are monthly data on retail sales and consumer prices, both to be published on Friday, CommSec stated.
China, the world’s second-largest economy, will release data on June inflation, trade and broader economic indicators throughout the week, which may affect Australian share movements.
Top 5 share price falls
CIMIC Group (ASX: CIM) plunged 12.4% over the week to $31.50 after a large investment house published a research report on the construction company.
Austal (ASX: ASB), which manufactures commercial and defence ships, slipped 12% to $1.065. The company expects to post a loss before interest and tax of $116m to $121m in FY16, as a review of its completed US naval vessels required the group to modify the ship design, which will balloon construction costs.
Regenerative medicine company Mesoblast (ASX: MSB) dropped 8.1% to $1.14, after updating investors on its heart failure research project.
The company said an interim analysis to assess the phase 3 trial would cost US$13m, and that it’s set up an equity financing facility of up to $120m over three years to meet additional funding needs.
Last month, multinational drugs giant Teva Pharmaceutical Industries pulled out of its partnership with Mesoblast, resulting in funding cuts to the research.
Hotels and resorts operator Mantra Group (ASX: MTR) declined 7% to $3.20 after a large investment house released a research note on the company.
Magellan Financial Group (ASX: MFG) fell 6.5% to $20.76 in the absence of significant ASX announcement.
Past performance is not a reliable indicator of future performance.