The S&P/ASX200 closed sharply lower Monday, dropping 46.4 points or 0.6% to 7,582. A four day winning streak for the local market came to an abrupt end today, with companies reporting driving the gains & losses (BPT, BEN, LLC, CAR, GPT) and of course there's always a hint of M&A (A2M, SYD, BHP WPL) adding to the spice. The local market's biggest losses in almost two weeks came after the index earlier rose 0.5% to a record high of 7628.9. 

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