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ASX review on Tuesday: 9 shares you should have been watching

Credit: Blackmores

The Blackmores Limited (ASX: BKL) share price went nuts today following reports that China has delayed its new cross-border e-commerce laws indefinitely. The broader market, on the other hand, ended the session slightly in the red.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.1% to 5774 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) flat at 5819 points
  • AUD/USD at US 77.03 cents
  • Iron Ore at US$91.49 a tonne, according to the Metal Bulletin
  • Gold at US$1,228.90 an ounce
  • Brent oil at US$51.83 a barrel

The BKL share price ended the day a whopping 13.1% higher. The Bellamy’s Australia Ltd (ASX: BAL) share price also benefited from the news, lifting 15.7%, while a2 Milk Company Ltd (Australia) (ASX: A2M) shares jumped 4.5%.

The TPG Telecom Ltd (ASX: TPM) share price also rose 5.4% following a positive earnings result while the Mesoblast limited (ASX: MSB) share price gained 12.7%.

The Spotless Group Holdings Ltd (ASX: SPO) share price skyrocketed 49% after it received a takeover offer from Downer EDI Limited (ASX: DOW). Downer’s own share price ended the session flat after it entered a trading halt this morning.

Nearmap Ltd (ASX: NEA) didn’t fare so well today. It’s share price fell 10% to 45 cents. Thorn Group Ltd (ASX: TGA) also shed 6%.

Here are Tuesday’s top stories:

  1. 10 top dividend shares for 2017
  2. Who else wants 2 special ASX share ideas?
  3. Why the Spotless Group Holdings Ltd share price is going NUTS today

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Motley Fool contributor Ryan Newman has no position in any stocks mentioned. The Motley Fool Australia owns shares of A2 Milk and Nearmap Ltd. 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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