ASX 200 resumes rally: 11 shares you should have been watching

The local share market managed to resume its rally today following a brief intermission on Tuesday. This was mostly thanks to the banks and healthcare shares which more than offset the heavy falls endured by the miners.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.7% to 5488 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.6% to 5565 points
  • AUD/USD at US 75 cents
  • Iron Ore at US$56.02 a tonne, according to the Metal Bulletin
  • Gold at US$1,333.60 an ounce
  • Brent oil at US$46.80 a barrel

BHP Billiton Limited (ASX: BHP) shares tumbled 2.9% following a disappointing production update. Rio Tinto Limited (ASX: RIO) and Fortescue Metals Group Limited (ASX: FMG) followed, losing 2% and 1.5%.

But the banks were on top again today. Australia and New Zealand Banking Group (ASX: ANZ) and Commonwealth Bank of Australia (ASX: CBA) gained 1% each. Westpac Banking Corp (ASX: WBC) rose 1.2%.

Meanwhile, CSL Limited (ASX: CSL) gained 2.1% and Healthscope Ltd (ASX: HSO) rose 1%.

Cimic Group Ltd (ASX: CIM) and Independence Group NL (ASX: IGO) were among the worst performers. They dropped 19% and 6.4%.

Altium Limited (ASX: ALU), on the other hand, soared 4%.

Here are Wednesday’s top stories:

  1. Why shares of BHP Billiton Limited fell 4% today
  2. The easy way to start building a $1 million share portfolio in FY 2017
  3. The one word that should shock all mining investors
  4. 3 shares with better dividends than Australia and New Zealand Banking Group
  5. Here’s why the XERO FPO NZX share price could shoot higher in 2017
  6. Sydney Airport Holdings Ltd still profiting from tourism boom: Is it a buy?
  7. 3 small-cap shares that deserve your attention today

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Motley Fool contributor Ryan Newman owns shares of Xero. The Motley Fool Australia owns shares of Altium and Xero. 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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