The S&P/ASX 200 enjoyed only its third gain the past 13 sessions on Monday as news of the royal commission into the aged care sector sent listed aged care stocks diving yesterday.
The ASX 200 index finished 19.7 points, or 0.3%, higher at 6185.
The unexpected announcement of a royal commission has investors worried with suggestions the finding could be similar to that of the inquiry into the financial services sector.
The ABC program, Four Corners had the first of a two-part investigation into the sector last night.
Investors signaled out their own ranking of losers – Japara Healthcare shares lost 17% at $1.39, Estia Health fell 18.6% to $2.40 and Regis Healthcare shares closed at $3.00, down 17.1%.
Shares in Aveo Group did better, ‘only’ losing 7.2% to $2.06.
Aveo group was the subject of a Four Corners investigation into it back in June of last year.
Shares in Aveo were trading around $3.10 just before that report, meaning that have fallen by around a third since then.
