ASX review on Wednesday: 13 shares you should have been watching

The Bellamy’s Australia Ltd (ASX: BAL) share price was among the market’s biggest losers today. The BAL share price declined 3.9%, while the broader market closed flat despite spending much of the day in the red.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) flat at 5759 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) flat at 5799 points
  • AUD/USD at US 75.99 cents
  • Iron Ore at US$89.80 a tonne, according to the Metal Bulletin
  • Gold at US$1,218.00 an ounce
  • Brent oil at US$55.65 a barrel

The gold miners managed to stage something of a comeback today. St Barbara Ltd (ASX: SBM) shares rose 2.2% and Silver Lake Resources Limited. (ASX: SLR) jumped 3.5%.

Unfortunately, it wasn’t all smiles in the sector. The Northern Star Resources Ltd (ASX: NST) share price still declined 2.3% while Newcrest Mining Limited (ASX: NCM) fell 0.7%.

The BHP Billiton Limited (ASX: BHP) share price declined 1.1% as well, along with South32 Ltd (ASX: S32) which declined 0.7%.

Telstra Corporation Ltd (ASX: TLS) provided better returns for blue-chip investors. Although the telco’s share price remains near a multi-year low, the shares managed to rebound 0.7% today.

The Flight Centre Travel Group Ltd (ASX: FLT) share price also flew 2.4%, while Spotless Group Holdings Ltd (ASX: SPO) gained 1.3%.

Whitehaven Coal Ltd (ASX: WHC) and Orocobre Limited (ASX: ORE) were at the other end of the market’s spectrum today. The pair fell 2.1% and 3.2%, respectively.

Elsewhere, speculative human resources business 1-Page Ltd (ASX: 1PG) entered its shares into a trading halt late this morning. It cited a ‘proposed disposal’ as its reasoning with the shares expected to be released from their trading halt by 10am on Friday 10 March, 2017.

Here are Wednesday’s top stories:

  1. Why one veteran stockbroker reckons the Blue Chip party has got further to run
  2. Looking for income? Consider these 3 ASX shares with 5%+ dividend yields
  3. Simple: 3 telco ASX share ideas

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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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