S&P/ASX 200 set to fall: 9 shares to watch

The S&P/ASX 200 (Index: ^AJXO) (ASX: XJO) is expected to trade firmly lower following poor leads from international markets on Friday.

Here’s a recap:

  • Dow Jones (USA): down 1.02%
  • NASDAQ (USA): down 0.98%
  • FTSE 100 (UK): down 0.70%
  • DAX (Germany): down 1.31%
  • EURO STOXX 50 (Europe): down 1.50%
  • Shanghai Composite (China): up 1.97%

For the first week of trading in the US, shares closed down more than 6%. Oil prices, North Korean and Middle Eastern geopolitical tensions and economic concerns from China each played their part in taking markets lower.

In Europe, markets again closed down with FTSE-listed shares of BHP Billiton Limited (ASX: BHP) ending 3.2% lower. Rival Rio Tinto Limited (ASX: BHP) ended up 0.16%.

Closer to home, the Sydney Futures Exchange is tipping an 80-point, or 1.6%, drop in the S&P/ASX 200 today.

Recent weakness in oil prices, which pushed the commodity to a 12-year low last week, will mean shares of oil producers such as BHP, Woodside Petroleum Limited (ASX: WPL), Santos Ltd (ASX: STO) and Oil Search Limited (ASX: OSH) will again be in focus this week.

This morning, Origin Energy Ltd (ASX: ORG), another company that has been hit hard by the recent commodity price rout, confirmed the first shipment of liquefied natural gas (LNG) from the Australia Pacific LNG project on Curtis Island. Managing Director, Grant King, described it as, “a landmark moment in the history of Origin.”

Mid-cap gold miner, Saracen Mineral Holdings Limited (ASX: SAR), updated the market on its first-half 2016 production performance. Saracen exceeded first-half production forecasts of 80,000 ounces to produce 82,405 ounces in the six months through December.

Shipbuilder, Austal Limited (ASX: ASB), announced the resignation of CEO and Managing Director, Andrew Bellamy, after five years of service. David Singleton has been selected to succeed Mr Bellamy at the end of April 2016.

iSelect Limited (ASX: ISU) lowered its full-year normalised profit outlook to between $15 million and $18 million, before taxes and interest expenses. Moreover, the company said it’ll seek shareholder approval to increase its share buyback program at an upcoming general meeting.

Will the market CRASH in 2016?

With the ASX flirting with 5,000, some experts are predicting a market crash. Discover our Foolish experts' advice on what YOU should do in the event of a crisis -- simply click here for your FREE copy of our newly updated report, "What to Do When the Sharemarket Crashes". Click here, it's FREE!.

Motley Fool writer/analyst Owen Raszkiewicz has no position in any stocks mentioned.

Owen welcomes your feedback on Google plus (see below), LinkedIn or you can follow him on Twitter @ASXinvest.

Unless otherwise noted, the author does not have a position in any stocks mentioned by the author in the comments below. 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.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.