ASX 200 shines gold: 13 shares you should have been watching

Credit: Szaaman

Local shares started the day on the back foot but managed to recover their losses as the day wore on. The main bourse ended the day slightly higher.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.2% to 5424 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.2% to 5521 points
  • AUD/USD at US 76.73 cents
  • Iron Ore at US$59.16 a tonne, according to the Metal Bulletin
  • Gold at US$1,350.99 an ounce
  • Brent oil at US$47.50 a barrel

The gold miners were among the top performing shares on the market today after the spot gold price surged above US$1,350 an ounce.

Silver Lake Resources Limited. (ASX: SLR) gained 10.3%. Beadell Resources Ltd (ASX: BDR) soared 11.7%. EVOLUTION FPO (ASX: EVN) gained 7.6%. And Northern Star Resources Ltd (ASX: NST) rose 8.1%.

Westpac Banking Corp (ASX: WBC) also rose strongly, gaining 1.6%, with Commonwealth Bank of Australia (ASX: CBA) up 1.1% as well.

Meanwhile, Liquefied Natural Gas Ltd (ASX: LNG) shares soared 11.8%, with aged care operators Estia Health Ltd (ASX: EHE) and Japara Healthcare Ltd (ASX: JHC) recovering another 9.9% and 4.9%, respectively.

JB Hi-Fi Limited (ASX: JBH) shares also hit a new all-time high on continued speculation it will acquire The Good Guys business. Its shares rose 1% for the day.

Rio Tinto Limited (ASX: RIO) didn’t fare so well. Its shares fell 0.8%, while Mesoblast limited (ASX: MSB) and Medibank Private Ltd (ASX: MPL) lost 3.7% and 3%.

Here are Wednesday’s top stories:

  1. Motley Fool Pro is now open. Please RSVP
  2. Newcrest Mining Limited shares jump higher, is it a buy?
  3. 3 ASX stocks to buy now to get rich later
  4. Is the Aussie food boom over?
  5. Why I think Ramsay Health Care Limited shares could be a sell
  6. The Estia Health Ltd share price soars again
  7. Gold stocks soar as chances of US rate rise sink

Here's what happened to The Motley Fool's massive $1 million ASX bet...

Less than three years ago, Motley Fool boss Bruce Jackson bet $1,000,000 of company money (plus $500,000 of his own family's cash) on one unique service known as Motley Fool Pro. Now Pro is up a staggering 89%, darn near DOUBLING members' money! Simply click the link below to get a sneak peek at Pro's 3 biggest winners... the "golden egg" stocks that have powered Pro to 89% returns! Fair warning: Your special time-limited invitation won't wait.

Discover the 3 "golden egg" stocks - and your invitation!

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.

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.