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ASX 200 soars on Fed decision: 16 shares you should have been watching

Local shares rallied higher today after the US Federal Reserve’s decision to keep interest rates on hold.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.7% to 5374 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.7% to 5466 points
  • AUD/USD at US 76.45 cents
  • Iron Ore at US$55.87 a tonne, according to the Metal Bulletin
  • Gold at US$1,332.66 an ounce
  • Brent oil at US$47.21 a barrel

Shares in the gold sector were glistering today thanks to the Fed’s decision to keep interest rates unchanged. Newcrest Mining Limited (ASX: NCM) rocketed 6.9%, Beadell Resources Ltd (ASX: BDR) raced 5.9% higher and EVOLUTION FPO (ASX: EVN) soared 5.8%.

The telcos were back on top today as well following a horrendous couple of days. TPG Telecom Ltd (ASX: TPM) regained 3.4%, Vocus Communications Limited (ASX: VOC) was up 2.8% and Telstra Corporation Ltd (ASX: TLS) lifted 0.8%.

BHP Billiton Limited (ASX: BHP) also soared 2.7%, with Rio Tinto Limited (ASX: RIO) gaining 3.3%. Fortescue Metals Group Limited (ASX: FMG) was up 5.5%, as well.

Brickworks Limited (ASX: BKW) lifted 1.3% after it released its full-year earnings results, while Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) ended the session flat.

Other companies which announced their results include OrotonGroup Limited (ASX: ORL), which also ended flat, FONTERRA UNIT NZX (ASX: FSF), which fell 1.2%, and Premier Investments Limited (ASX: PMV), which fell 2%.

Liquefied Natural Gas Ltd (ASX: LNG) was also a big mover, lifting 3.3%, while JB Hi-Fi Limited (ASX: JBH) slipped 2.7%.

Here are Thursday’s top stories:

  1. Gold stocks are soaring
  2. Why the Premier Investments Limited share price is slumping today
  3. Is Capitol Health Ltd a buy on China deal?
  4. OrotonGroup Limited reports gangbusters growth, but is it a buy?
  5. Mining services companies yet to face the worst
  6. See The Difference $100 Per Month Can Make to Your Wealth Over 30 Years

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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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