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ASX 200 to slip: 12 shares you need to watch today

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is expected to slip today ahead of the latest consumer price index (CPI) data, due at 11:30am AEDT. However, it could be buoyed by the mining sector following a 4.5% surge in the iron ore price overnight, taking it to US$61.96 a tonne, according to The Metal Bulletin.

Here’s a quick recap:

  • FTSE 100 (UK): up 0.45%
  • DAX (Germany): down 0.04%
  • CAC 40 (France): down 0.26%
  • Dow Jones (USA): down 0.3%
  • NASDAQ (USA): down 0.5%

Ardent Leisure Group (ASX: AAD) will be in the spotlight today. Its Dreamworld theme park was rocked by a tragic event on Tuesday afternoon, which saw its shares plunge 8% late in the day.

Fellow theme park owner and operator Village Roadshow Ltd (ASX: VRL) could also be impacted by the incident, with its shares also likely to be in focus.

Dairy business Bega Cheese Ltd (ASX: BGA) saw its shares get hammered yesterday, slipping almost 17%. Its joint venture partner Blackmores Limited (ASX: BKL) could also receive some attention based on signs its infant formula products aren’t performing as well as was initially anticipated.

The iron ore miners could get a boost from the surging iron ore price overnight. Fortescue Metals Group Limited (ASX: FMG) rose 6.5% yesterday, and could go further today, together with BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO).

Sirtex Medical Limited (ASX: SRX) shares enjoyed a strong jump on Tuesday as well, and could be set for further gains today. Aconex Ltd (ASX: ACX) and Greencross Limited (ASX: GXL) also impressed investors yesterday.

Meanwhile, gold miners such as EVOLUTION FPO (ASX: EVN) and St Barbara Ltd (ASX: SBM) could get a boost following a 0.8% jump in the spot gold price overnight.

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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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