S&P/ASX 200 set to open lower: 8 shares to watch

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is expected to trade lower today following negative leads from international markets.

Here’s a recap:

  • FTSE 100 (UK): down 0.95%
  • DAX (Germany): down 1.13%
  • CAC 40 (France): down 0.54%
  • Dow Jones (USA): up 0.05%
  • NASDAQ (USA): down 0.49%

In London, mining shares weighed the blue-chip index down following a note by UBS which cautioned over iron ore prices. FTSE-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) ended 4.3% and 1.5% lower, respectively.

US markets put in a mixed day. Shares in ‘safe’ companies like consumer staples, telecommunications and utilities performed well, while the materials and healthcare sectors were the worst-performing.

Closer to home, the Sydney Futures Exchange is tipping an 11-point, or 0.2%, fall in the S&P/ASX 200.

Shares in focus will include Yowie Group Ltd (ASX: YOW). Yesterday evening, after the market’s close, the small-cap confectionery business announced a trading halt in its securities pending an update on an equity raising.

SKYCITY Entertainment Group Limited (ASX: SKC) announced the completion of the institutional component of its recent capital raising.

Alacer Gold Corp (ASX: AQG) approved the full construction of its Çöpler Sulfide Project, while announcing first quarter financial results. The Corporation ended the quarter with $346.1 million in cash and an undrawn finance facility of $250 million.

Finally, according to data sourced from Dow Jones Newswires, here are some recent changes from the analyst community:

  • Goldman Sachs analysts raised their Northern Star Resources Ltd (ASX: NST) price target 17% to $3.05, raised their Newcrest Mining Limited (ASX: NCM) price target 11% to $19.50 and lifted their Fortescue Metals Group Limited (ASX: FMG) price target 5.9% to $1.80
  • Macquarie analysts cut their AMP Limited (ASX: AMP) price target 3.3% to $5.8; and
  • Credit Suisse initiated Nextdc Ltd (ASX: NXT) at ‘Outperform’ with a $3.70 price target

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Motley Fool Contributor Owen Raszkiewicz owns Yowie Group shares. Owen welcomes -- and encourages -- your feedback on Google+, LinkedIn or you can follow him on Twitter @ASXinvest.

The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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