ASX 200 lifts as gold shines: 10 shares you should have been watching


Local shares continued to rise today, boosted by comments from the US Federal Reserve overnight which suggested near-term risks facing the economy had diminished. Shares in the resources sector, especially gold, were particularly strong.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.3% to 5556 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.4% to 5636 points
  • AUD/USD at US 75.24 cents
  • Iron Ore at US$58.63 a tonne, according to the Metal Bulletin
  • Gold at US$1,338.93 an ounce
  • Brent oil at US$43.57 a barrel

Gold prices rallied overnight. Newcrest Mining Limited (ASX: NCM) soared 4.9%, St Barbara Ltd (ASX: SBM) gained 7%, as did Northern Star Resources Ltd (ASX: NST).

BHP Billiton Limited (ASX: BHP) rose 0.6% as well, despite its update regarding 2015’s fatal Samarco incident.

Fortescue Metals Group Limited (ASX: FMG) gained another 4.8% as well, while Rio Tinto Limited (ASX: RIO) rose 2.1%.

The banks produced mixed returns for the day, but Wesfarmers Ltd (ASX: WES) managed to rise 0.8%.

Shares of Bellamy’s Australia Ltd (ASX: BAL) were on fire as well, lifting 5.2%. Yowie Group Ltd (ASX: YOW) recovered 4.4% as well, but Origin Energy Ltd (ASX: ORG) dropped 2.2%.

Here are Thursday’s top stories:

  1. Why you should take another look at shares of Blackmores Limited
  2. Up 60% in two days: Is Bradken Limited still a buy?
  3. Samarco disaster could still sink the BHP Billiton Limited share price
  4. Gold stocks are going nuts again
  5. 4 stocks to buy and hold for the next decade
  6. Here’s why Touchcorp Ltd has gone gangbusters in July

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Motley Fool contributor Ryan Newman owns shares of Bellamy's Australia. The Motley Fool Australia owns shares of Bellamy's Australia and TOUCHCORP FPO. 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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