ASX 200 soars: 10 shares you should have been watching

oOh!Media Ltd (ASX:OML) and APN Outdoor Group Ltd (ASX:APO) shares soared on their merger announcement

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The local share market soared higher today, reversing yesterday's losses on a fresh wave of global optimism.

Here's a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.7% to 5584 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.7% to 5639 points
  • AUD/USD at US 74.94 cents
  • Iron Ore at US$83.42 a tonne, according to the Metal Bulletin
  • Gold at US$1,160.40 an ounce
  • Brent oil at US$54.99 a barrel

Infant formula producer Bellamy's Australia Ltd (ASX: BAL) extended its trading halt today as it "continues with a review in order to finalise an updated announcement of the impact of trading conditions". Its shares did not trade at all.

Sky Network Television Ltd (ASX: SKT) shares were slammed 10.7% following its own trading update today.

Other big fallers for the day included Santos Ltd (ASX: STO) and Whitehaven Coal Ltd (ASX: WHC), down 2.9% and 4.5%, as well as QBE Insurance Group Ltd (ASX: QBE), which closed 1.9% lower.

BHP Billiton Limited (ASX: BHP) also ended the session 1.2% lower.

On the other hand, there were plenty of companies making big moves higher as well. Syrah Resources Ltd (ASX: SYR) shares soared 14.4%, Tatts Group Limited (ASX: TTS) gained 8.5% and APN Outdoor Group Ltd (ASX: APO) rose 9.3%.

APN Outdoor said it is merging with oOh!Media Ltd (ASX: OML) earlier this morning. oOh!Media's shares also rallied 9.9% on the news.

Here are Wednesday's top stories:

  1. 5 ASX shares for a Dividend Christmas
  2. Revealed: APN Outdoor Group Ltd & oOh!Media Ltd in billion-dollar merger
  3. Why Galaxy Resources Limited shares have gone gangbusters today
  4. Where I would reinvest my BIG bank dividends
  5. Why the Sky Network Television Ltd share price is falling in
  6. Hedge fund manager claims its time to sell your Big Bank shares
Motley Fool contributor Ryan Newman owns shares of Bellamy's Australia. The Motley Fool Australia owns shares of Bellamy's Australia. 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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