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S&P/ASX 200 set to open higher: 7 shares to watch

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is expected to trade higher today following positive leads from international markets overnight.

Here’s a recap:

  • Dow Jones (USA): up 0.27%
  • NASDAQ (USA): down 0.4%
  • FTSE 100 (UK): up 0.82%
  • DAX (Germany): up 2.27%
  • CAC 40 (France): up 1.32%

In London, shares moved to their highest level in four months as miners buoyed the FTSE 100. FTSE-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) ended 3.94% and 1.79% higher, respectively. German shares ended sharply higher following better-than-expected economic data.

US markets finished mostly higher yet a 0.6% fall in the technology sector brought the tech-heavy NASDAQ lower. The energy and basic materials sectors were the best-performing.

Closer to home, the Sydney Futures Exchange is tipping a 31-point, or 0.5%, rise in the S&P/ASX 200 at the open.

Gentrack Group Ltd (ASX: GTK) shares will be in focus. This morning, the specialist in software for utilities and airports announced the signing of a meaningful contract with the UK’s Good Energy. Gentrack CEO, Ian Black, said the contract is a significant milestone for the company.

BHP shares will also be a focal point on the market today. The mining giant released its third-quarter production report revealing a 4% fall in nine-month petroleum production, versus the same period a year earlier. Copper output fell 8%, iron ore came in 1% lower, while metallurgical and energy coal production was 1% and 10% lower, respectively.

Corporate Travel Management Ltd (ASX: CTD) announced the acquisition of Travizon Travel, a Boston-based corporate travel company, for $28 million. The deal will be earnings per share accretive.

Netcomm Wireless Ltd (ASX: NTC) shares entered a trading halt this morning as it undertakes a capital raising to sophisticated and professional investors and an associated share purchase plan.

Sydney Airport Holdings Ltd (ASX: SYD) announced its monthly traffic statistics for March, showing a 4.4% improvement in domestic and 7.9% increase in international passengers.

Finally, in broker news, Deutsche Bank analysts cut their Qantas Airways Limited (ASX: QAN) price target 11% to $5.15, while Ord Minnett analysts lowered their Macquarie Group Ltd (ASX: MQG) price target 2.7% to $73, according to Dow Jones Newswires.

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Motley Fool Contributor Owen Raszkiewicz does not have a financial interest in any company mentioned. Owen welcomes -- and encourages -- your feedback on Google+, LinkedIn or you can follow him on Twitter @ASXinvest.

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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