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ASX review on Monday: 10 shares you should have been watching

The Asaleo Care Ltd (ASX: AHY) share price was hammered today, despite the share market ending the session slightly in the black.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) flat at 5838 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) flat at 5868 points
  • AUD/USD at US 74.16 cents
  • Iron Ore at US$61.38 a tonne, according to the Metal Bulletin
  • Gold at US$1,232.30 an ounce
  • Brent oil at US$51.60 a barrel

The Asaleo share price dropped a dramatic 11.2% today, giving it a total loss of almost 17% in the past three sessions. It appears the loss may have been sparked by director selling late last week.

The Domino’s Pizza Enterprises Ltd. (ASX: DMP) share price was hit hard, too, shedding 5%, while Metcash Limited (ASX: MTS) and Bellamy’s Australia Ltd (ASX: BAL) fell 5.4% and 4.7% respectively.

Meanwhile, OrotonGroup Limited (ASX: ORL) shareholders faced another trading halt today. The company noted this morning that it has “received preliminary earnings figures for April 2017 (an important trading month for Oroton), which is indicating that earnings are down on the previous corresponding period”.

BHP Billiton Limited (ASX: BHP) announced that it will remove ‘Billiton’ from its name (to become BHP Limited) and change its logo as part of a rebranding of the business.

And finally, the banks provided just enough juice to get the broader market over the line today. Australia and New Zealand Banking Group (ASX: ANZ) and Commonwealth Bank of Australia (ASX: CBA) each rose 0.7%. Meanwhile, National Australia Bank Ltd. (ASX: NAB) and Westpac Banking Corp (ASX: WBC) gained 1% and 0.8%, respectively.

Here are Monday’s top stories:

  1. Losing Billiton: Here’s why BHP Billiton Limited is rebranding itself
  2. Slater & Gordon Limited wants a $1 billion back in fraud claim
  3. Leading brokers name 3 ASX shares to sell

Top 3 ASX Blue Chips To Buy In 2017

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Motley Fool contributor Ryan Newman has no position in any stocks mentioned. The Motley Fool Australia owns shares of National Australia Bank Limited. 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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