Local investors fell in love with these 4 ASX shares today


Local shares have picked up where they left off yesterday, rising another 0.6% today with the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) once again pushing on 5,400 points.

While it is the miners and the banks doing most of the heavy lifting, there are a number of shares which have generated significant gains for the day so far…

BHP Billiton Limited (ASX: BHP) shares have lifted another 3.3% today, taking their total gain to more than 7% for the week so far. The gain appears to be the result of a lift in the iron ore and oil prices overnight, which may have been spurred, in part, by the recent weakness in the US dollar.

Liquefied Natural Gas Ltd (ASX: LNG) shares are, by far, the best performers from the ASX 200 cohort today. After rising as much as 21.4% earlier, the shares are now trading 13.1% higher at 82 cents. That also represents a 32.3% gain since the beginning of the week.

Indeed, the company was even issued an ‘ASX Price and Volume Query’ on Monday to explain the recent activity, although it said it was not aware of any reason as to why its shares were climbing so strongly.

Capitol Health Ltd (ASX: CAJ) shares have risen 5.6%. The company’s share price has been crushed over the last 12 months as a result of a review into the Medicare Benefits Schedule. However, they’re on the rise again today after the business said it had entered into a non-binding Memorandum of Understanding to provide tele-radiology reporting, clinical training and mentoring services to Sunshine Insurance Group’s new hospital in China.

Appen Ltd (ASX: APX) shares have risen another 4.3% today, taking them to $2.44. Remarkably, they’ve risen almost 48% since the beginning of the year and 267% over the last 12 months. Today’s gain, however, appears to have been sparked by a bullish target price given to the shares by Bell Potter, which thinks they could rise as high as $2.80, according to Dow Jones Newswires.

Although they have already enjoyed an incredible run, Appen’s shares are still worth the attention of long-term investors willing to take on a little bit of extra risk.

If you are interested in quality dividend shares, however, then I suggest taking a look at this top dividend share instead. A strong yield and potential share price gains make this one well worth keeping an eye on.

It's a company that was recently named by our resident dividend expert as his Top Dividend Share for 2016. Not only are the shares cheap, the company is trading on a fat fully franked dividend yield. Simply click here to gain access to this comprehensive FREE investment report, including the name of this fast growing ASX dividend share. No credit card required!

Motley Fool contributor Ryan Newman has no position in any stocks mentioned. 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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