ASX 200 rebounds: 9 shares you should have been watching

The local share market spent much of the day in the red today but managed to rise into the black in the dying moments of the session. That came after the Reserve Bank of Australia elected to keep interest rates on hold at 1.5%.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.1% to 5,484 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.1% to 5,569 points
  • AUD/USD at US 76.67 cents
  • Iron Ore at US$55.86 a tonne, according to the Metal Bulletin
  • Gold at US$1,310.30 an ounce
  • Brent oil at US$50.19 a barrel

Henderson Group plc (ASX: HGG) and Bradken Limited (ASX: BKN) were two of the biggest movers today. Henderson Group’s shares soared 11.6% after it announced a merger with a US rival, while Bradken’s shares soared 31.7% following a takeover offer.

Whitehaven Coal Limited (ASX: WHC) was also a big mover, rising 5%, with FlexiGroup Limited (ASX: FXL) jumping 6%.

At the other end of the spectrum was Select Harvests Limited (ASX: SHV) and Northern Star Resources Ltd (ASX: NST), which fell 2.4% and 3%, respectively.

Shares of Commonwealth Bank of Australia (ASX: CBA) fell 0.3% and Westfield Corp Ltd (ASX: WFD) dropped 1%. Medibank Private Ltd (ASX: MPL) fell 1.2%.

Here are Tuesday’s top stories:

  1. Take a look at what just a 10% per annum return can do for your SMSF
  2. Down 30%, are TPG Telecom Ltd shares a buy?
  3. Fund manager Henderson Group plc in US$6 billion merger – Shares set to soar
  4. 4 shares under $1 with huge potential
  5. Why you should avoid Estia Health Ltd shares
  6. Does MNF Group Ltd’s deal with Telstra Corporation Ltd make it a buy?

Discover How 1 Man Made 100x His Money After 50

Few know, that as Warren Buffett blew out the candles on his 50th birthday cake, he had just 1% of his current fortune. Think about it: At an age when most give up hope, Buffett was just getting started on the remaining 99% of his fortune. Goes to show you that it's never too late for you to potentially get rich. Which is why we've gathered the strategies we learned from Buffett, distilled them down to 11 simple lessons, and put it in an exclusive report for you to claim. Just click here to learn more about this handy investing guide.

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.