11 shares you should have been watching on Wednesday

The ASX 200 was hit hard today after a mixed night for international markets, with the big banks leading the way down. The Australia and New Zealand Banking Group (ASX: ANZ) share price, for instance, finished 1.5% lower.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 1% to 5673 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.9% to 5717 points
  • AUD/USD at US 76.54 cents
  • Iron Ore at US$65.40 a tonne, according to the Metal Bulletin
  • Gold at US$1,219.80 an ounce
  • Brent oil at US$48.20 a barrel

While the ANZ share price acted as a weight on the market, the Commonwealth Bank of Australia (ASX: CBA) share price dropped 1% as well, while Westpac Banking Corp (ASX: WBC) was down 1.1%.

The Telstra Corporation Ltd (ASX: TLS) share price slipped 0.5% as well. In contrast, BHP Billiton Limited (ASX: BHP) and Fortescue Metals Group Limited (ASX: FMG) were among the few blue-chips to end the session in the black following a positive session for the iron ore price.

The gold price rose, as well, helping to boost the Newcrest Mining Limited (ASX: NCM) share price and the Northern Star Resources Ltd (ASX: NST) share price. The pair rose 2% and 1.7%, respectively.

Metcash Limited (ASX: MTS) was among the market’s biggest losers today. Its share price slipped 2.8%, while the Qantas Airways Limited (ASX: QAN) share price fell 2.9%.

Finally, bucking the market’s down trend was Adairs Ltd (ASX: ADH), which soared 34.2%. The company issued a trading update, announcing it expects its sales during the second half to grow 8.3% compared to the prior corresponding period. That’s off the back of forecast like-for-like sales growth of 1% for the period.

Here are Wednesday’s top stories:

  1. 5 Superstar Stocks For The Next 5 Years
  2. Is a Vocus Group Ltd bidding war about to kick off?

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Motley Fool contributor Ryan Newman owns shares of Vocus Communications Limited. The Motley Fool Australia owns shares of Telstra Limited and Vocus Communications 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.

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