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

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is expected to recover some of its recent declines today with the Sydney Futures Exchange indicating a 17-point rise at the open.

Here’s a quick recap:

  • FTSE 100 (UK): up 0.59%
  • DAX (Germany): up 0.39%
  • CAC 40 (France): up 0.62%
  • Dow Jones (USA): up 0.29%
  • NASDAQ (USA): up 1.1%

The resources sector is likely to produce mixed results today after a volatile night for commodity markets.

Iron ore plummeted 6.5% to less than US$73 a tonne, according to The Metal Bulletin. That could reverse some of the recent gains from BHP Billiton Limited (ASX: BHP), Rio Tinto Limited (ASX: RIO) and Fortescue Metals Group Limited (ASX: FMG).

Gold prices remained mostly flat, while oil prices rocketed higher. That could help limit BHP’s declines and support businesses such as Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL).

Thorn Group Ltd (ASX: TGA) released its half-year earnings report at 7pm (Sydney time) yesterday, reporting a 2.8% increase in revenue but a 1.4% decline in net profit, compared to the prior corresponding period.

International money transfer business OFX Group Ltd (ASX: OFX) will likely receive more attention today after its shares plunged 17% yesterday, after a disappointing earnings result.

Aconex Ltd (ASX: ACX) has also endured heavy volatility recently, including an 8.5% decline yesterday, which could attract some interest.

A number of companies will hold their annual general meetings today, which will also receive some attention. Among them are AWE Limited (ASX: AWE), DUET Group (ASX: DUE), Navitas Limited (ASX: NVT) and Brambles Limited (ASX: BXB).

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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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