ASX 200 rallies higher: 9 shares you should have been watching

The local share market rose strongly this morning and then didn’t look back. It’s likely that a positive lead set by international markets on Friday, together with rising anticipation of an interest rate cut next week, would have played a big role in today’s gains.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.6% to 5533 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.6% to 5607 points
  • AUD/USD at US 74.82 cents
  • Iron Ore at US$55.87 a tonne, according to the Metal Bulletin
  • Gold at US$1,317.76 an ounce
  • Brent oil at US$45.47 a barrel

Woolworths Limited (ASX: WOW) was the big news story of today. Its shares soared 8.2% following an update into its operational review. Wesfarmers Ltd (ASX: WES) gained 1.1% as well.

The banks drove the market higher, as well. All four banks recorded a gain, with Commonwealth Bank of Australia (ASX: CBA) rising 0.5%.

Shares in the resources sector weren’t so lucky. BHP Billiton Limited (ASX: BHP) fell 0.3%, while gold miners Newcrest Mining Limited (ASX: NCM) and St Barbara Ltd (ASX: SBM) dropped 2.6% and 4.1%.

Elsewhere, Corporate Travel Management Ltd (ASX: CTD) shares flew 4.9% and Domino’s Pizza Enterprises Ltd. (ASX: DMP) cooked up a 3.5% gain.

Small-cap chocolate manufacturer Yowie Group Ltd (ASX: YOW) didn’t fare so well, closing 12.4% lower for the day.

Here are Monday’s top stories:

  1. Why the Woolworths Limited share price is going nuts today
  2. These are the 10 worst-performing shares on the ASX in 2016
  3. 2 of my favourite small-caps for your watch list
  4. Why the Yowie Group Ltd share price got smashed today
  5. 3 things to consider before buying shares in Telstra Corporation Ltd
  6. More reasons I’d avoid buying shares in Coca-Cola Amatil Ltd

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Motley Fool contributor Ryan Newman has no position in any stocks mentioned. 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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