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ASX rebounds on resources rally: 11 shares you should have been watching

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) rebounded in fine fashion today after a slow burn last week that saw it shed 1.9%.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.8% to 5771 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.7% to 5811 points
  • AUD/USD at US 74.42 cents
  • Iron Ore at US$62.69 a tonne, according to the Metal Bulletin
  • Gold at US$1,252.64 an ounce
  • Brent oil at US$54.09 a barrel

The resources sector took centre stage today following a strong rise in commodity prices.

The BHP Billiton Limited (ASX: BHP) share price rose 1.4%, Rio Tinto Limited (ASX: RIO) jumped 3.1% and the South32 Ltd (ASX: S32) share price lifted 2.7%.

Gold miners Newcrest Mining Limited (ASX: NCM) also rose 2.1%, while Northern Star Resources Ltd (ASX: NST) gained 3.4%.

Meanwhile, Origin Energy Ltd (ASX: ORG) was among the best energy stocks, rising 4%.

The Surfstitch Group Ltd (ASX: SRF) share price suffered following another material earnings guidance downgrade today. Its shares fell 23.5%.

The APN Outdoor Group Ltd (ASX: APO) share price also dropped 5.8% following last week’s news it would no longer merge with oOh!Media Ltd (ASX: OML). And Harvey Norman Holdings Limited (ASX: HVN) shares declined 1.6%.

The Orocobre Limited (ASX: ORE) share price was among the market’s top performers, rising 4% for the session.

Here are Monday’s top stories:

  1. Should you join these investors jumping back into resources shares?
  2. 3 growth businesses with a rising dividend

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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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