Day: January 4, 2022

Here are the top 10 ASX shares today

Top 10 - asx shares today

Today, the S&P/ASX 200 Index (ASX: XJO) cemented its second-highest level on record as it kicked off the New Year with a bang. At the end of the session, the benchmark index finished 1.95% higher at 7,589.8 points.

ASX investors were treated to a rewarding first day of trade for 2022. Every sector across the Aussie market finished firmly in the green. Leading the charge were energy shares after oil prices strengthened overnight. Similarly, consumer discretionary companies in the travel space surged today. While still delivering green, industrials were the poorest of the bunch.

However, the question is: which shares delivered the biggest returns to investors on the ASX today? Here are the top ten stocks that came through for investors:

Top 10 ASX shares countdown today

Looking at the top 200 listed companies, Novonix Ltd (ASX: NVX) was the biggest gainer today. Shares in the battery materials company jumped 14.47% as investors rallied around companies involved in the electrification industry. Find out more about Novonix here.

The next biggest gaining ASX share today was Pilbara Minerals Ltd (ASX: PLS). The lithium producer flew 10.00% higher with no new announcements out. Positive sentiment around the electric industry was swirling in the ASX market today after Tesla Inc (NASDAQ: TSLA) reported recorded electric vehicle deliveries on the weekend. Uncover the latest Pilbara Minerals details here.

Today’s top 10 biggest gains were made in these ASX shares:

ASX-listed company Share price Price change
Novonix Ltd (ASX: NVX) $10.52 14.47%
Pilbara Minerals Ltd (ASX: PLS) $3.52 10.00%
Lynas Rare Earths Ltd (ASX: LYC) $11.03 8.46%
Allkem Ltd (ASX: AKE) $11.20 7.69%
Yancoal Australia Ltd (ASX: YAL) $2.80 7.69%
Clinuvel Pharmaceuticals Ltd (ASX: CUV) $28.93 6.32%
Imugene Ltd (ASX: IMU) $0.425 6.25%
Whitehaven Coal Ltd (ASX: WHC) $2.76 5.75%
Flight Centre Travel Group Ltd (ASX: FLT) $18.62 5.68%
Liontown Resources Ltd (ASX: LTR) $1.745 5.12%
Data as at 4:00pm AEDT

Our top 10 ASX shares today countdown is a recurring end-of-day summary to ensure you know which companies were making big moves on the day. Check-in at Fool.com.au after the market has closed during weekdays to see which stocks make the countdown.

The post Here are the top 10 ASX shares today appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

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Motley Fool contributor Mitchell Lawler owns Lynas Corporation Limited and Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Flight Centre Travel Group Limited. 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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GreenTech Metals (ASX:GRE) share price jumps 50% after IPO

two women jumping into the air

The GreenTech Metals Ltd (ASX: GRE) share price hit the ASX boards in style on Tuesday following the completion of its IPO.

The Western Australia-based battery materials explorer’s shares were up as much as 50% to 30 cents in afternoon trade.

The GreenTech Metals share price ultimately ended the day 37.5% above its listing price at 27.5 cents.

The GreenTech Metals now trading on the ASX after IPO

GreenTech Metals landed on the ASX boards this morning after raising $5 million at an IPO listing price of 20 cents per new share.

It is an exploration and development company focused on the discovery, development and acquisition of projects in Australia and overseas that contain metals and minerals used in the battery storage and electric vehicle sector.

These assets include the Whundo Project that was acquired from Artemis Resources Ltd (ASX: ARV), which is a major shareholder in the company. The Whundo Project is located approximately 40 km south-southwest of Karratha in the West Pilbara Region of Western Australia and is approximately 12.5 km southeast of the Radio Hill nickel plant.

Commenting on the IPO, Artemis’ Executive Director, Alastair Clayton, said: “We are pleased to see GreenTech list on the ASX following their successful IPO raising, which was led by CPS Capital and strongly oversubscribed. With GreenTech expected to commence drilling at Whundo within the coming weeks, we see strong news flow across the portfolio in the short-term and throughout the year.”

“With drill programmes due to re-commence at Paterson Central and Greater Carlow soon Artemis has a very busy schedule for 2022. We are delighted to see the GreenTech team already driving exploration hard and we retain considerable exposure to the success of GreenTech, both as the company’s largest shareholder and as a joint-venture partner,” he added.

The post GreenTech Metals (ASX:GRE) share price jumps 50% after IPO appeared first on The Motley Fool Australia.

Should you invest $1,000 in GreenTech right now?

Before you consider GreenTech, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and GreenTech wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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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Here’s why the Incannex (ASX:IHL) share price spiked 12% today

A graphic showing a rising share price in medical cannabis shares

Shares in medicinal cannabis company Incannex Healthcare Ltd (ASX: IHL) chugged along nicely on Tuesday to start off the ney year 12% higher at 70 cents.

It was a busy time in 2021 for the company, filled with plenty of upside and downside drivers throughout the year. Nevertheless, Incannex shares were outperformers last year.

Whilst there’s been no price-sensitive information released by the company today, investors have been driving its share price up north in an almost vertical fashion over the past few sessions. Here are the details.

Why did the Incannex share price charge higher today?

Investors began buying Incannex in late December after it had completed dosing of participants in a phase 2 clinical trial investigating its cannabinoid combination product, IHL-42X, for the treatment of obstructive sleep apnoea (OSA).

The trial assessed 3 doses of IHL-42X at reducing the apnoea hypopnoea index (AHI) – the main diagnostic criteria for OSA – compared to placebo in patients.

As reported previously by The Motley Fool, the phase 2 trial cohort has now completed the treatment and data is being analysed by a contract research organization. Delivery of the final clinical study report is anticipated in Q1 2022.

The Company also announced that it has commenced preparation of a pre-Investigational New Drug (IND) meeting package.

As such, Incannex says it is targeting a pre-IND meeting with the US Food and Drug Administration (FDA) in Q1 2022.

Investors have relished both updates and have bid up the company’s share price 47% at rapid pace since it was released.

Adding more fuel to the engine are strengths in the wider biotech sector today. The S&P/ASX 200 Health Care Index (XHJ) is 1.3% in the green, however, many non-constituent names like Incannex are outperforming this afternoon.

And investors are chasing a position in Incannex with authority today, with the volume of shares traded now over 300% of the 4-week trading volume.

As the market digests the oncoming of a new year, filled with new trials and tribulations, Incannex is off to a flying start and taking a step in the right direction.

Incannex share price summary

In the past 12 months, the Incannex share price has gained over 366% after climbing 32% in this last month alone.

Over the previous 5 trading days, it has spiked 27% and has outpaced the benchmark S&P/ASX 200 Index (ASX: XJO)’s return on each of these time frames.

The post Here’s why the Incannex (ASX:IHL) share price spiked 12% today appeared first on The Motley Fool Australia.

Should you invest $1,000 in Incannex Healthcare right now?

Before you consider Incannex Healthcare, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Incannex Healthcare wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

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The author has no positions in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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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Own VAS shares? Here’s how this ETF performed in 2021

an older woman holds a handful of paper money in her hands and looks at them with a slightly crazy smile on her face wearing her spectacles on a string as a lot of older people do.

Although the ASX welcomed a plethora of new exchange-traded funds (ETFs) to the public markets last year, the Vanguard Australian Shares Index ETF (ASX: VAS) retained its top spot as ASX investors’ favourite ETF. With roughly $10 billion in assets under management, it seems Aussie investors can’t get enough of this relatively simple index fund.

But does VAS have the numbers to back up this popularity? Let’s check out how this ETF performed last year.

So VAS is a rather unique ETF in that it tracks the S&P/ASX 300 Index (ASX: XKO). While most ASX index funds stick with the conventional S&P/ASX 200 Index (ASX: XJO), VAS throws in an extra hundred companies from the bottom end of the market. That means that you’ll still find ASX blue chip stalwarts like Commonwealth Bank of Australia (ASX: CBA)Woolworths Group Ltd (ASX: WOW), and Telstra Corporation Ltd (ASX: TLS) in this ETF. But you’ll also get companies like Life360 Inc (ASX: 360) and Sezzle Inc (ASX: SZL) that are excluded from the ASX 200.

How did VAS navigate 2021?

So how did VAS perform last year? Well, this ETF started the year at $84.56 a unit, and ended up at $95.95 by New Year’s Eve last week. That’s an on-paper capital gain of 13.38%. Not bad, one could say. But add VAS’s four dividend distributions that investors enjoyed over last year, and that return gets boosted by a rough 3.3% (plus a bit extra on the top with franking).

That compares well against the ASX 200 Index. It recorded a gain of 13% for the calendar year last year.

Since CBA is VAS’s single largest holding, this ASX bank’s hefty 23% gain over 2021 would have helped drive these returns. Other blue chips that enjoyed healthy gains in 2021 that also would have lent a hand include Telstra Corporation Ltd (ASX: TLS), up 40%, and Woolworths Group Ltd (ASX: WOW), up 14%. The main detractors would have been BHP Group Ltd (ASX: BHP) and Rio Tinto Limited (ASX: RIO), which both went backwards over the year that was.

The Vanguard Australian Shares Index ETF charges a management fee of 0.1% per annum (or $10 a year for every $10,000 invested).

The post Own VAS shares? Here’s how this ETF performed in 2021 appeared first on The Motley Fool Australia.

Should you invest $1,000 in VAS right now?

Before you consider VAS, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and VAS wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

Motley Fool contributor Sebastian Bowen owns Telstra Corporation Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Life360, Inc. The Motley Fool Australia owns and has recommended Telstra Corporation Limited. 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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