3 ASX stocks rising more than 5% today

ASX adds 0.8%, but these three blitzed the market

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The S&P / ASX 200 Index (Index: ^AXJO) (ASX: XJO) has risen 0.7% to close at 4,477.7, following positive results on Wall Street overnight.

The Dow Jones Industrial Average and the S&P 500 both climbed 0.8%, on the back of positive comments from President Barack Obama suggesting the US will avoid the Fiscal Cliff.

The Australian dollar continues its rise against the US dollar, currently buying 104.7 cents.

These three stocks added more than 5%.

Ten Network Holdings Limited (ASX: TEN) climbed 10.6% to end at 36.5 cents, likely on reports that the federal government is close to announcing an extension of the commercial television licence fee rebate. Expectations are that the government will also make changes to local content quotas and scrap the reach rules that prevent a TV licence owner from covering more than 75% of the population. Those moves will come as a welcome relief for Ten, which has been struggling to compete against the other free-to-air networks.

Aristocrat Leisure Limited (ASX: ALL) added 6.7% to close at $3.25, following yesterday's gains of 4%, after the poker machine maker reported a profit of $45.5 million for the nine months to September 2012, more than double the previous corresponding period. Chief executive Jamie Odell said the company's performance would continue to improve in the year ahead as it continues to take market share from its competitors and enters the online gambling market.

Arrium Limited (ASX: ARI) – ex OneSteel, saw its share price rise 5.8% to close at 81.5 cents. The ailing steel maker has received a takeover bid from South Korean steel giant Posco, who last week confirmed that it had federal and South Australian government support for its bid. Posco is keen to get its hands on Arrium's iron ore division and plans to introduce new technology to Arrium's steel business to make it more efficient.

Oil, copper, and gold continue to be in high-demand — and their popularity doesn't look to be slowing. We've uncovered three companies poised to benefit from the rising prices of these commodities. Get our brand-new report — "3 High-Risk/High-Reward Resources Stocks" — FREE!

More reading

Motley Fool writer/analyst Mike King doesn't own shares in any company mentioned. The Motley Fool's purpose is to help the world invest, better. Take Stock is The Motley Fool's free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead. Click here now to request your free subscription, whilst it's still available. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on ⏸️ Investing

Close up of baby looking puzzled
Retail Shares

What has happened to the Baby Bunting (ASX:BBN) share price this year?

It's been a volatile year so far for the Aussie nursery retailer. We take a closer look

Read more »

woman holds sign saying 'we need change' at climate change protest
ETFs

3 ASX ETFs that invest in companies fighting climate change

If you want to shift some of your investments into more ethical companies, exchange-traded funds can offer a good option

Read more »

a jewellery store attendant stands at a cabinet displaying opulent necklaces and earrings featuring diamonds and precious stones.
⏸️ Investing

The Michael Hill (ASX: MHJ) share price poised for growth

Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. The keen interest…

Read more »

ASX shares buy unstoppable asx share price represented by man in superman cape pointing skyward
⏸️ Investing

The Atomos (ASX:AMS) share price is up 15% in a week

The Atomos (ASX: AMS) share price has surged 15% this week. Let's look at what's ahead as the company build…

Read more »

Two people in suits arm wrestle on a black and white chess board.
Retail Shares

How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?

How does the Temple & Webster (ASX: TPW) share price stack up against rival furniture retailer Nick Scali Limited (ASX:…

Read more »

A medical researcher works on a bichip, indicating share price movement in ASX tech companies
Healthcare Shares

The Aroa (ASX:ARX) share price has surged 60% since its IPO

The Aroa (ASX:ARX) share price has surged 60% since the Polynovo (ASX: PNV) competitor listed on the ASX in July.…

Read more »

asx investor daydreaming about US shares
⏸️ How to Invest

How to buy US shares from Australia right now

If you have been wondering how to buy US shares from Australia to gain exposure from the highly topical market,…

Read more »

⏸️ Investing

Why Fox (NASDAQ:FOX) might hurt News Corp (ASX:NWS) shareholders

News Corporation (ASX: NWS) might be facing some existential threats from its American cousins over the riots on 6 January

Read more »