Gold rush fails to spur ASX 200: 13 shares you should have been watching

The local share market failed to hit 5,700 points today. Despite the best efforts of the gold miners, the ASX fell on what was its final trading session for the 2016 calendar year.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.6% to 5665 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.5% to 5719 points
  • AUD/USD at US 72.37 cents
  • Iron Ore at US$80.43 a tonne, according to the Metal Bulletin
  • Gold at US$1,159.42 an ounce
  • Brent oil at US$56.78 a barrel

One of the biggest stories from today is that Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) has entered an agreement to acquire 19.9% of the shares in Hunter Hall International Ltd (ASX: HHL) from the outgoing Peter Hall.

Soul Patt’s shares rose 0.8% while Hunter Hall International slipped 4.6%.

The gold miners provided the most spark today as the gold price marched higher.

Beadell Resources Ltd (ASX: BDR) soared 12.5%, EVOLUTION FPO (ASX: EVN) closed 9.8% higher and Newcrest Mining Limited (ASX: NCM) jumped 5.1%.

They weren’t the only ones. St Barbara Ltd (ASX: SBM) climbed 10.6% and Regis Resources Limited (ASX: RRL) rose 8.8%, as well.

Elsewhere, Caltex Australia Limited (ASX: CTX) rose 0.9% and Carsales.Com Ltd (ASX: CAR) gained 1.5%.

Select Harvests Limited (ASX: SHV) was one of the worst performers for the day. Its shares fell 3.2%. QBE insurance Group Ltd (ASX: QBE) also fell 1.4%.

The iron ore miners didn’t perform too well, either. BHP Billiton Limited (ASX: BHP) and Fortescue Metals Group Limited (ASX: FMG) declined 1.7% apiece.

Here are Friday’s top stories:

  1. Make This Investment Goal YOUR New Year’s Resolution
  2. The hottest news from 2016: What our readers loved
  3. 4 explosive fintech stars that will be on my watch list in 2017
  4. Should you own Newcrest Mining Limited shares in 2017?
  5. Will these 4 beaten down ASX shares bounce back in 2017?
  6. 4 turnaround shares to watch in 2017

Attention! Do YOU Own These 3 Rotten Shares?

Each of these 3 companies has the potential to set your hard-earned capital on fire. Yet many ASX investors still have these ticking time bombs sitting in their portfolios! And they don't have a clue what's coming...

So if you do just one thing for yourself and your finances today, be sure you check out this newly updated report - getting the full details on the 3 "rotten" shares our Foolish experts believe you MUST avoid today.

Simply click here to receive your copy of "3 'Rotten' Shares Every ASX Investor Must Avoid" right now.

Motley Fool contributor Ryan Newman has no position in any stocks mentioned. The Motley Fool Australia owns shares of Washington H. Soul Pattinson and Company Limited. 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.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.