ASX 200 lifts ahead of election: 11 shares you should have been watching

Investors chose to remain cautious ahead of tomorrow's US presidential election.

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Local shares continued to rise today, although they didn't enjoy the same kind of gains as international shares with a number of blue-chip businesses ending the session in the red.

Here's a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.1% to 5257 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.2% to 5342 points
  • AUD/USD at US 76.99 cents
  • Iron Ore at US$67.43 a tonne, according to the Metal Bulletin
  • Gold at US$1,282.70 an ounce
  • Brent oil at US$46.19 a barrel

Commonwealth Bank of Australia (ASX: CBA) shares dragged on the market today following its quarterly earnings report. The shares dropped 0.6%.

The bank's rival, Westpac Banking Corp (ASX: WBC) also shed 0.8%, while Macquarie Group Ltd (ASX: MQG) lost 2.5% after going ex-dividend.

Other blue chip shares did help to bolster the main bourse. BHP Billiton Limited (ASX: BHP) enjoyed a 2.6% rise. South32 Ltd (ASX: S32) climbed 2.8% as well.

oOh!Media Ltd (ASX: OML) and APN Outdoor Group Ltd (ASX: APO) soared 6.2% and 17.1% higher after the latter announced a recovery in sales.

Gold miner Independence Group NL (ASX: IGO) also gained 8.5%, while REA Group Limited (ASX: REA) rose 5.4% on its first quarter update.

Meanwhile, Domino's Pizza Enterprises Ltd. (ASX: DMP) shares picked up where they left off yesterday, rising another 6.7% today, while Mayne Pharma Group Ltd (ASX: MYX) gained another 6.5% as well.

Here are Tuesday's top stories:

  1. Commonwealth Bank of Australia shares sink on quarterly profit
  2. The iron ore price is soaring
  3. Australians missing out on $7.4 billion in savings
  4. What you need to know about DuluxGroup Limited's results
  5. Why these 4 ASX shares are getting slammed today
  6. 3 shares I'd consider buying with $6,000 today
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.

More on ⏸️ Investing

Close up of baby looking puzzled
Retail Shares

What has happened to the Baby Bunting (ASX:BBN) share price this year?

It's been a volatile year so far for the Aussie nursery retailer. We take a closer look

Read more »

woman holds sign saying 'we need change' at climate change protest
ETFs

3 ASX ETFs that invest in companies fighting climate change

If you want to shift some of your investments into more ethical companies, exchange-traded funds can offer a good option

Read more »

a jewellery store attendant stands at a cabinet displaying opulent necklaces and earrings featuring diamonds and precious stones.
⏸️ Investing

The Michael Hill (ASX: MHJ) share price poised for growth

Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. The keen interest…

Read more »

ASX shares buy unstoppable asx share price represented by man in superman cape pointing skyward
⏸️ Investing

The Atomos (ASX:AMS) share price is up 15% in a week

The Atomos (ASX: AMS) share price has surged 15% this week. Let's look at what's ahead as the company build…

Read more »

Two people in suits arm wrestle on a black and white chess board.
Retail Shares

How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?

How does the Temple & Webster (ASX: TPW) share price stack up against rival furniture retailer Nick Scali Limited (ASX:…

Read more »

A medical researcher works on a bichip, indicating share price movement in ASX tech companies
Healthcare Shares

The Aroa (ASX:ARX) share price has surged 60% since its IPO

The Aroa (ASX:ARX) share price has surged 60% since the Polynovo (ASX: PNV) competitor listed on the ASX in July.…

Read more »

asx investor daydreaming about US shares
⏸️ How to Invest

How to buy US shares from Australia right now

If you have been wondering how to buy US shares from Australia to gain exposure from the highly topical market,…

Read more »

⏸️ Investing

Why Fox (NASDAQ:FOX) might hurt News Corp (ASX:NWS) shareholders

News Corporation (ASX: NWS) might be facing some existential threats from its American cousins over the riots on 6 January

Read more »