ASX 200 soars: 13 shares you should have been watching

Fortescue Metals Group Limited (ASX:FMG) has become the lowest cost seaborne supplier of iron ore into China.

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The local share market rocketed higher today, propelled by a strong performance from international markets overnight. The miners rose strongly, as did the major banks.

Here's a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 1.2% to 5543 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 1.1% to 5599 points
  • AUD/USD at US 74.89 cents
  • Iron Ore at US$82.25 a tonne, according to the Metal Bulletin
  • Gold at US$1,177.03 an ounce
  • Brent oil at US$53.00 a barrel

Rio Tinto Limited (ASX: RIO) helped propel the ASX 200 to a strong gain today. The miner's shares rose 3.1%, with BHP Billiton Limited (ASX: BHP) up 1.2%.

Meanwhile, Fortescue Metals Group Limited (ASX: FMG) announced it had become the lowest cost seaborne supplier of iron ore into China. Its shares rose 1.7%.

Australia and New Zealand Banking Group (ASX: ANZ) gained 2.5% as well. Westpac Banking Corp (ASX: WBC) climbed 2.1%.

Insurance business QBE Insurance Group Ltd (ASX: QBE) lifted 4.9%, while Insurance Australia Group Ltd (ASX: IAG) climbed 4.5%.

Ardent Leisure Group (ASX: AAD) was among the market's best today. It gained 4.2%. Independence Group NL (ASX: IGO) lifted 1.2% as well, and AMP Limited (ASX: AMP) rose 3.7%.

The aged care operators didn't fare so well. Estia Health Ltd (ASX: EHE) fell 3.3% and Regis Healthcare Ltd (ASX: REG) shed 0.7%.

Dorsavi Ltd (ASX: DVL) also fell 8.5%.

Here are Thursday's top stories:

  1. Slater & Gordon Limited shareholders could face wipeout
  2. 3 small cap growth stocks for a big 2017
  3. 3 stocking fillers for smart investors this Christmas
  4. Don't JUMP off this ASX dividend machine!
  5. Iron ore price hits 2-year high: Will the bubble burst in 2017?
  6. 4 shares to own in an Australian Recession
  7. 5 small-cap shares I'm tipping to shine in 2017
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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