3 ASX 200 shares having a super start to the week

Monday has shaped up to be a good day for the S&P/ASX 200 Index (ASX: XJO), and an even better one for these three ASX 200 shares. They’re each outperforming in the index on the back of exciting updates.

For context, the index is currently 0.5% higher than it was at the end of last week.

So, what’s driving these ASX 200 shares upwards on Monday? Let’s take a look.

3 ASX 200 shares taking off today

Core Lithium Ltd (ASX: CXO)

It’s a good day for owners of Core Lithium stock. The ASX 200 share is currently 9% higher than it was at Friday’s close, trading for $1.605.

The Northern Territory-focused lithium developer released an update on its exploration activities this morning, detailing lithium and gold finds. On top of that, it updated the market on two exploration grants.  

BlueScope Steel Limited (ASX: BSL)

Monday has also brought gains for ASX 200 steel producer BlueScope. Its share price is up 4.9% right now, trading at $17.72.

Its gain comes on the back of the company’s full year earnings, released to the market this morning.

BlueScope saw a 48% jump in sales revenue in financial year 2022 compared to that of the prior corresponding period (pcp), as well as a 135% increase in net profit after tax (NPAT) and a 119% lift in earnings before interest and tax.

GPT Group (ASX: GPT)

Finally, shares in ASX 200 diversified property giant GPT Group are also taking off today. They’ve gained 5.5% at the time of writing to swap hands for $4.535 apiece.

That’s despite the company reporting mixed results for the first half of 2022 today.

GPT saw its funds from operations increase 8% last half compared to that of the pcp, while its net tangible assets per security lifted 2.8%. However, its NPAT slumped 30% while it dropped its interim dividend by 4.5% to 12.7 cents per share.

The post 3 ASX 200 shares having a super start to the week appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most heavily traded ASX 200 shares on Monday
• Why BlueScope, Carsales, Core Lithium, and Nearmap shares are racing higher
• Why are ASX lithium shares having such a cracking start to the week?
• Why is the Liontown share price leaping 5% on Monday?
• Bluescope share price lifts 5% on record earnings

Motley Fool contributor Brooke Cooper 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 Scott Phillips.

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