ASX review on Wednesday: 13 shares you should have been watching

The BHP share price was hit hard today, and so was the CBA share price

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The local share market was hammered on Wednesday, following the lead set by international markets. The BHP Billiton Limited (ASX: BHP) share price was hit particularly hard, falling 2.9%, while the Commonwealth Bank of Australia (ASX: CBA) share price dropped 2%.

Here's a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 1.6% to 5684 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 1.5% to 5732 points
  • AUD/USD at US 76.61 cents
  • Iron Ore at US$87.59 a tonne, according to the Metal Bulletin
  • Gold at US$1,245.20 an ounce
  • Brent oil at US$50.61 a barrel

The iron ore price was hammered overnight which caused the BHP share price to fall sharply. The Fortescue Metals Group Limited (ASX: FMG) and Rio Tinto Limited (ASX: RIO) share prices fell too, down 5.3% and 2.6% respectively.

The banks were down too. The Australia and New Zealand Banking Group (ASX: ANZ) share price was down 2.6% and Westpac Banking Corp (ASX: WBC) shed 2.4%.

Elsewhere, there were some more positive results. The Premier Investments Limited (ASX: PMV) share price was up 4.1% for the day and Sky Network Television Ltd (ASX: SKT) lifted 4.1%.

Nufarm Limited (ASX: NUF) also rose 3.2% after its earnings results, while Blackmores Limited (ASX: BKL) and Bellamy's Australia Ltd (ASX: BAL) gained another 2.3% each after yesterday's rally.

Finally, the gold miners benefited from a higher gold price. The St Barbara Ltd (ASX: SBM) share price was up 2.8% and Newcrest Mining Limited (ASX: NCM) rose 1.7%.

Here are Wednesday's top stories:

  1. Who else wants 10 ASX blue chip dividend share ideas for 2017?
  2. Here's why the Blackmores Limited share price is going nuts in March
  3. Here's why the Premier Investments Limited share price went gangbusters today
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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