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S&P/ASX 200 open Tuesday: 6 shares you need to watch today

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is looking at a slight gain when the market opens this morning with the futures market pointing to a 17-point rise.

Here’s a quick recap:

  • FTSE 100 (UK): up 0.26%
  • DAX (Germany): up 0.29%
  • CAC 40 (France): up 0.22%
  • Dow Jones (USA): up 0.41%
  • NASDAQ (USA): up 0.46%

The Asaleo Care Ltd (ASX: AHY) share price will be a hot topic again today following their plunge on Monday. They’ve now fallen around 17% in the past three sessions, with the latest sell-off likely to have been exacerbated by director selling. Meanwhile, it also announced the resignation of its CFO “to pursue other opportunities” after the market closed yesterday.

Quintis Ltd (ASX: QIN) looks set to remain in a trading halt today at just 29.5 cents per share – down more than 82% since the beginning of the year. OrotonGroup Limited (ASX: ORL) is also likely to remain in a trading halt until tomorrow (unless an announcement is made today) regarding a profit downgrade.

The Fairfax Media Limited (ASX: FXJ) share price rallied on Monday following a revised takeover offer from TPG Consortium at a price of $1.20 per share. According to a report by The Australian Financial Review however, Fairfax’s second largest shareholder has called on Fairfax’s board to reject the offer.

The Bellamy’s Australia Ltd (ASX: BAL) share price also fell on Monday after Bell Potter downgraded its view on the stock from ‘Hold’ to ‘Sell’, suggesting they think the share price has run its course.

And Class Limited (ASX: CL1) could benefit after Ord Minnett raised its price target on the stock by 2.9% to $3.86. The Class share price currently sits at $3.03.

Before getting started on your day, be sure to check out these two articles:

  1. Leading brokers name 3 ASX shares to sell
  2. Why Citi thinks it’s time to sell your National Australia Bank Ltd. shares

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Motley Fool contributor Ryan Newman owns shares of Class Limited. The Motley Fool Australia owns shares of Class Limited and National Australia Bank 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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