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ASX 200 climbs: 12 shares you should have been watching

The local share market rallied today, despite the weak lead set by Wall Street on Friday.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.5% to 5562 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.4% to 5612 points
  • AUD/USD at US 72.93 cents
  • Iron Ore at US$81.49 a tonne, according to the Metal Bulletin
  • Gold at US$1,139.30 an ounce
  • Brent oil at US$55.56 a barrel

Fortescue Metals Group Limited (ASX: FMG) shares slipped 4.8% after it announced that negotiations between itself and Vale were continuing, but that it was looking less likely a transaction would actually be completed.

Its rivals BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) gained 0.4% each.

Sirtex Medical Limited (ASX: SRX) shares slipped 4.1% after it announced its CEO, Mr Gilman Wong, would take temporary leave while his share trading activities from October are investigated.

Legal eagle Shine Corporate Ltd (ASX: SHJ) plunged 13.2% after it flagged challenging conditions in its Energy & Resources practice area.

Shine expects group EBITDA (earnings before interest, tax, depreciation and amortisation) to be between $36 million and $40 million for the full-year.

Blue chips such as Telstra Corporation Ltd (ASX: TLS) and Woolworths Limited (ASX: WOW) provided some drive today. They lifted 1% and 1.3%, respectively.

Syrah Resources Ltd (ASX: SYR) and South32 Ltd (ASX: S32) were among the market’s best performers today. They rose 6.4% and 1.9%, while Sydney Airport Holdings Ltd (ASX: SYD) gained 1.9% as well.

Meanwhile, Bega Cheese Ltd (ASX: BGA) and Seven West Media Ltd (ASX: SWM) were two of the worst performers, slipping 4.8% and 8%.

Here are Monday’s top stories:

  1. Sirtex Medical Limited CEO takes leave as it investigates share selling
  2. 3 small-cap shares to cheer up your portfolio in 2017
  3. 5 large cap shares I’m tipping to have a good 2017
  4. Will JB Hi-Fi Limited’s share price survive Amazon.com’s arrival in Australia?
  5. Please Explain: Atlas Iron Limited shares surge 45% in a month
  6. 3 reasons to buy Commbank, Westpac, NAB and ANZ shares in 2017

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The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Amazon.com. Motley Fool contributor Ryan Newman owns shares of Amazon.com. 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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