Stock Pick

Month: October 2022

  • Buy these 2 ASX dividend shares supercharged by acquisitions: experts

    Two kids in superhero capes.Two kids in superhero capes.

    This year valuations of ASX shares have been dominated by forces external to business operations, like inflation, interest rates, the economy, and a war in Europe.

    In such helpless times, it can help to rattle the cage with something that the company can control. Like a blockbuster acquisition.

    That’s what two ASX-listed companies recently did, with experts recommending buying into their shares:

    Sensible deal adding earnings and value

    Viva Energy Group Ltd (ASX: VEA) owns the Geelong Oil Refinery and Shell petrol stations in Australia.

    Last month, supermarket giant Coles Group Ltd (ASX: COL) sold its service station network to Viva for $300 million. 

    Ord Minnett senior advisor Tony Paterno feels positive about the acquisition that saw 710 sites join the Shell network.

    “We expect the balance sheet to remain in a net cash position after the $300 million deal is completed,” Paterno told The Bull.

    “We believe the deal makes sense, as it offers Viva Energy additional flexibility from a strategic and operational standpoint, while also looking accretive to earnings and value.”

    Paterno recommends Viva Energy shares as a buy.

    The Viva share price has risen 16.5% year to date while handing out a tidy 6.2% dividend yield.

    Reducing risk and expanding margins

    Baker Young managed portfolio analyst Toby Grimm considers Australia and New Zealand Banking Grp Ltd (ASX: ANZ) shares a buy.

    “Compared to the other three major banks, ANZ shares were recently trading on the lowest price-earnings multiple and offer the highest prospective dividend yield.”

    Indeed, ANZ shares are currently paying out a juicy 5.8% dividend yield.

    Grimm reckons the recent acquisition of Suncorp Group Ltd (ASX: SUN)’s banking arm aligns with ANZ’s long-term direction.

    “The decision to expand core operations via the Suncorp Bank acquisition reduces risk and supports medium-term growth,” he said.

    “Net interest margin expansion is expected to underpin ANZ’s full-year result.”

    ANZ shares are down 11.7% so far this year. Grimm is in good company. According to CMC Markets, nine out of 15 analysts are currently rating ANZ shares as a buy, with seven of those recommending it as a strong buy.

    The post Buy these 2 ASX dividend shares supercharged by acquisitions: experts appeared first on The Motley Fool Australia.

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    Motley Fool contributor Tony Yoo 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 positions in and has recommended COLESGROUP DEF SET. 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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  • Dividend play: Expert picks his favourite ASX 200 bank shares

    A couple sits in their lounge room with a large piggy bank on the coffee table. They smile while the male partner feeds some money into the slot while the female partner looks on with an iPad style device in her hands as though they are budgeting.A couple sits in their lounge room with a large piggy bank on the coffee table. They smile while the male partner feeds some money into the slot while the female partner looks on with an iPad style device in her hands as though they are budgeting.

    Bank shares might be derided by some as “boring”, but there is no denying they are reliable dividend payers.

    On the ASX, investors are fortunate enough to have some giant income-producing financial institutions to choose from. There are the big four, smaller regional banks and Macquarie Group Ltd (ASX: MQG), to name a few.

    But which are the best to buy right now?

    Shaw and Partners portfolio manager James Gerrish had a couple of ideas in his Market Matters Q&A.

    ‘The best technology and capital efficiency’

    For Gerrish, there is no doubt which is the best dividend stock out of all the ASX bank shares.

    “Commonwealth Bank of Australia (ASX: CBA) — market cap of $154 billion — is a housing-focussed bank. The best in the sector by a large margin, and our go to.”

    But he added that this quality comes at a high stock price.

    “It’s the most expensive, however, the returns they have achieved over time mean that its place at the top of the tree is well justified,” said Gerrish.

    “They have the best technology and capital efficiency and these are important.”

    Gerrish’s team owns CBA shares in its income portfolio.

    “[It’s] a core holding that we up weight/down weight but rarely sell.”

    Commonwealth shares are currently trading at a price-to-earnings (P/E) ratio of around 18 with a dividend yield of 3.98%.

    The CBA share price is down 5.7% year to date.

    The big improver

    If you have CBA in the portfolio, then Gerrish reckons National Australia Bank Ltd (ASX: NAB) is a nice counterweight.

    “NAB (market cap of $90 billion) is more of a commercial/business-focussed bank,” he said.

    “[It] has been the big improver in recent years and we have identified NAB as our number two pick in the sector, while viewing it as complementary to a holding in CBA.”

    The Motley Fool’s Tristan Harrison last week was full of praise for NAB shares, labelling it a “Warren Buffett” style investment.

    “I think that Buffett will always want to buy businesses when he thinks they’re good value. But, I also think he’d want to choose investments that are quality,” said Harrison.

    “In my opinion, NAB is a high-quality bank. One example can be seen in the profit NAB has achieved this year despite the headwinds of competition.”

    Certainly, National Australia Bank has quite a few fans at the moment. According to CMC Markets, seven out of 14 analysts currently rate it as a buy. Six of those recommend it as a strong buy.

    The NAB share price is up 3.3% so far this year, giving it a PE ratio of 15.4. Its dividend yield stands at 4.6%.

    The post Dividend play: Expert picks his favourite ASX 200 bank shares appeared first on The Motley Fool Australia.

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    Motley Fool contributor Tony Yoo has positions in Macquarie Group Limited. 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 Macquarie Group Limited. 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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  • Is the Rio Tinto share price a buy in October?

    busy trader on the phone in front of board depicting asx share price risers and fallersbusy trader on the phone in front of board depicting asx share price risers and fallers

    Amid a busy year on the charts, the Rio Tinto Limited (ASX: RIO) share price has continued in a sawtooth-like fashion and hit 52-week lows in September.

    In what’s been an otherwise strong year for resource stocks in mining and energy, the diversified mining giant has failed to impress in 2022.

    Instead, shares have drifted lower and reached year lows of $87.78 on 26 September. Naturally, the question then turns to Rio’s outlook for October.

    Is Rio Tinto a buy?

    Those hoping to secure Rio shares at these compressed prices might think so. Pending one’s view on the industry outlook, there are numerous tailwinds to mention from macroeconomic drivers.

    However, analysts covering the share aren’t as conclusive.

    Rio is currently rated a buy from 10 out of 18 brokers, with the remaining coverage saying it’s a hold, according to Refinitiv Eikon data.

    The consensus price target from this list is $109.77, implying around 12% of upside potential from the current price of $97.54.

    The Rio share price also trades on a forward price to earnings (P/E) ratio of 9.3 times, ahead of the GICS Metals & Mining Industry’s median of 6.6 times.

    This is coupled with a price-to-book (P/B) ratio of 1.92 times. Again, this is a step in front of the peer median’s 1.46 times.

    It’s not all capital gains that make up the Rio Tinto investment debate, however. Dividends are a large part of the total return investors can expect in this name.

    According to Refinitiv, analysts estimate Rio to deliver a 7.6% dividend yield in the next 12 months. This is again ahead of peers but behind its trailing 12 month’s 8.8% yield.

    The company also produced a return on equity (ROE) of 41.6% in 2021. This will be an interesting number to compare against in the mining giant’s upcoming FY22 results in October.

    Is the premium on Rio Tinto shares worth it?

    All-in-all, it looks as if investors are asked to pay a small premium to buy Rio shares versus comparable peers in the industry.

    The question is whether the premium is justified or not.

    While many of Rio’s commodity markets have performed exceptionally well in 2022, its hero product, iron ore, has mirrored the Rio Tinto share price this year.

    As seen below, the two have tracked each other with striking similarity; drifting to continuous new lows in unison.

    With iron ore trading near its 52-week lows as well, pressure remains from the bottom on the Rio Tinto share price. So far, it’s down more than 2% this year to date.

    TradingView Chart

    The post Is the Rio Tinto share price a buy in October? appeared first on The Motley Fool Australia.

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    Motley Fool contributor Zach Bristow 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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  • 5 things to watch on the ASX 200 on Friday

    A male sharemarket analyst sits at his desk looking intently at his laptop with two other monitors next to him showing stock price movements

    A male sharemarket analyst sits at his desk looking intently at his laptop with two other monitors next to him showing stock price movements

    On Thursday, the S&P/ASX 200 Index (ASX: XJO) managed to keep its winning streak alive with the smallest of gains. The benchmark index rose a modest 1.8 points to 6,817.5 points.

    Will the market be able to build on this on Friday and end the week on a high? Here are five things to watch:

    ASX 200 expected to fall

    The Australian share market looks set to end the week in the red after Wall Street tumbled overnight. According to the latest SPI futures, the ASX 200 is expected to open 55 points or 0.8% lower this morning. In late trade in the United States, the Dow Jones is down 0.9%, the S&P 500 has dropped 0.7%, and the Nasdaq has fallen 0.35%.

    Oil prices rise again

    Energy producers such as Beach Energy Ltd (ASX: BPT) and Woodside Energy Group Ltd (ASX: WDS) could have a decent finish to the week after oil prices pushed higher again overnight. According to Bloomberg, the WTI crude oil price is up 1% to US$88.61 a barrel and the Brent crude oil price is up 1.3% to US$94.57 a barrel. OPEC’s production cuts have boosted prices to three-week highs.

    Dividends being paid

    Today is payday for a number of dividend-paying ASX 200 shares. This includes insurance broker AUB Group Ltd (ASX: AUB), waste management company Cleanaway Waste Management Ltd (ASX: CWY), property company Home Consortium Ltd (ASX: HMC), telco Spark New Zealand Ltd (ASX: SPK), and logistic solutions technology company WiseTech Global Ltd (ASX: WTC).

    Gold price edges higher

    Gold miners including Newcrest Mining Ltd (ASX: NCM) and St Barbara Ltd (ASX: SBM) will be on watch after the gold price edged higher overnight. According to CNBC, the spot gold price is up 0.05% to US$1,721.70 an ounce. The precious metal appears to be running out of steam after some strong gains recently.

    TechnologyOne rated neutral

    The team at Goldman Sachs has retained its neutral rating on TechnologyOne Ltd (ASX: TNE) shares with a $13.15 price target. This follows the company’s Showcase event this week, which highlighted its cloud-native future and new fee model. Goldman commented: “The company did not elaborate on the pricing of its SaaS+ model, except to say that it will be greater than the current typical annual SaaS fee and will index with CPI.”

    The post 5 things to watch on the ASX 200 on Friday appeared first on The Motley Fool Australia.

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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 positions in and has recommended WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global. The Motley Fool Australia has recommended Austbrokers Holdings Limited. 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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  • Brokers name 2 ASX growth shares to buy

    Two brokers pointing and analysing a share price.

    Two brokers pointing and analysing a share price.

    Looking for growth shares to buy in October? Then you may want to check out the two listed below that brokers rate highly.

    Here’s why these ASX growth shares have been named as buys:

    Jumbo Interactive Ltd (ASX: JIN)

    This online lottery ticket seller could be an ASX growth share to buy this month.

    That’s the view of analysts at Morgans, which were impressed with the company’s performance in FY 2022 and remain confident on its outlook.

    This is thanks to its defensive qualities and the Powered by Jumbo software-as-a-service (SaaS) platform’s international opportunity. It commented:

    We believe JIN offers excellent strategic growth opportunities, both in Australia and overseas, supported by a steadily expanding domestic market for digital lottery retailing. The business is cash generative and has a low requirement for ongoing capex. Lottery sales are resilient to economic cyclicality. They do not represent a large proportion of the personal budgets, hovering around 0.5% of household discretionary income in Australia. Although near-term sales are affected by the frequency of large jackpots, over time growth is steady.

    The broker currently has an add rating and $17.50 price target on the company’s shares.

    Temple & Webster Group Ltd (ASX: TPW)

    Another ASX growth share that brokers say investors should buy in October is Temple & Webster. It is Australia’s leading pure-play online retailer of furniture and homewares.

    Analysts at Goldman Sachs are tipping the company for strong long term growth. This is thanks to its leadership position in a retail category that is still only in the early stages of shifting online. It commented:

    Our Buy thesis is predicated on the following key drivers: (1) we believe TPW is well positioned in the upcoming cycle to continue to grow market share, despite a weaker macro environment; (2) in our view TPW is best placed to be a winner in a category that favours scale players, requires a specialised approach to e-commerce, and has higher barriers to entry vs. other retail categories; and (3) greater focus on costs is a sensible strategy to balance near-term profitability with growth.

    Goldman has a buy rating and $7.55 price target on the company’s shares.

    The post Brokers name 2 ASX growth shares to buy appeared first on The Motley Fool Australia.

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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 positions in and has recommended Jumbo Interactive Limited and Temple & Webster Group Ltd. The Motley Fool Australia has recommended Jumbo Interactive Limited and Temple & Webster Group Ltd. 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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  • Experts name 2 ASX 200 shares to buy before the market takes off

    A man sits in deep thought with a pen held to his lips as he ponders his computer screen with a laptop open next to him on his desk in a home office environment.

    A man sits in deep thought with a pen held to his lips as he ponders his computer screen with a laptop open next to him on his desk in a home office environment.

    Are you wanting to add some new ASX 200 shares to your portfolio before the market rebound really takes off?

    If you are, then it could be worth considering the two shares listed below that have recently been tipped as buys. Here’s what experts are saying about them:

    Breville Group Ltd (ASX: BRG)

    The first ASX 200 share to look at is leading kitchen appliance manufacturer Breville.

    It has been growing at a solid rate for many years thanks to a successful combination of acquisitions, international expansion, and its consistent investment in research and development. The latter has ensured that Breville’s products are at the forefront of kitchen technology.

    The good news is that analysts at Goldman Sachs believe this solid form can continue. In fact, the broker is forecasting an EBITDA compound annual growth rate of 7% between FY 2023 and FY 2025. It recently commented:

    We see BRG as having a three-pronged growth strategy: 1) building on secular growth of the portioned and roast & ground (R&G) coffee market and achieving market share gains; 2) new market entry; and 3) options – ecosystem revenue streams.

    Goldman has a buy rating and $24.70 price target on its shares.

    Treasury Wine Estates Ltd (ASX: TWE)

    Another ASX 200 share that has been tipped as a buy is wine giant Treasury Wine.

    After a difficult few years, Treasury Wine returned to form in FY 2022 with some stellar profit growth. This was driven by the successful reallocation of its China-destined products and its premiumisation strategy.

    Analysts at Morgans are expecting this strong form to continue in the coming years. It recently commented:

    TWE owns much loved iconic wine brands, the jewel in the crown being Penfolds. We rate its management team highly. The foundations are now in place for TWE to deliver strong earnings growth from the 2H22 over the next few years. Trading at a material discount to our valuation and other luxury brand owners, TWE is a key pick for us.

    Morgans has an add rating and $13.93 price target on the company’s shares.

    The post Experts name 2 ASX 200 shares to buy before the market takes off appeared first on The Motley Fool Australia.

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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 recommended Treasury Wine Estates Limited. 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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  • Why did the Core Lithium share price fall off a cliff in September?

    A man holds his head in his hands, despairing at the bad result he's reading on his computer.

    A man holds his head in his hands, despairing at the bad result he's reading on his computer.

    The Core Lithium Ltd (ASX: CXO) share price may have been on form on Thursday but that wasn’t the case in September.

    This lithium miner’s shares were well and truly out of form last month and shed 20.7% of their value.

    This was very disappointing given that Core Lithium’s shares were up as much as 19% month to date at one stage.

    What happened to the Core Lithium share price in September?

    Investors were selling down the Core Lithium share price in the latter half of last month amid broad weakness in the lithium industry.

    This saw the likes of Lake Resources N.L. (ASX: LKE) and Sayona Mining Ltd (ASX: SYA) also record sizeable declines.

    The catalyst for this was investors selling higher risk investments like lithium shares after market volatility surged and stocks crashed due to concerns that rising interest rates could cause a global recession.

    Is this a buying opportunity for investors?

    The team at Macquarie is likely to see the recent weakness in the Core Lithium share price as a buying opportunity.

    According to a note this week, the broker has retained its outperform rating with a price target of $1.70.

    So, with Core Lithium’s shares currently changing hands for $1.16, this implies potential upside of almost 47% for investors over the next 12 months.

    Macquarie believes that Core Lithium is well-placed to benefit from sky high lithium prices. Particularly given its recent $100 million equity raising, which will be used to accelerate its growth.

    The post Why did the Core Lithium share price fall off a cliff in September? appeared first on The Motley Fool Australia.

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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 Scott Phillips.

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  • Good times keep rolling for ASX lithium shares on Thursday

    Team celebrating corporate success screaming with joy.Team celebrating corporate success screaming with joy.

    The battery metals trade continues to extend its legs in 2022, with lithium carbonate still trading at all-time highs of A$109,786 per tonne on Thursday.

    This continues a strong rally that started back in May, alongside several ASX lithium shares which have participated in the growth story.

    Demand-supply mismatch still key growth driver

    Chief to the upside in lithium pricing over the past two years is the asymmetry in demand for electric vehicles (EVs) and the supply of battery metals to fulfil this mandate.

    Recent government policy in both China and the USA – two of the largest EV markets – also supports the buying of EVs, and this has spurred additional growth for the sector in 2022.

    As such, there’s a significant mismatch in the demand-supply equation for battery metals, and this places ASX lithium producers front and centre to capitalise on the opportunity.

    The chart below shows the returns of Pilbara Minerals Ltd (ASX: PLS), Allkem Ltd (ASX: AKE), Sayona Mining Ltd (ASX: SYA), and Lake Resources NL (ASX: LKE).

    As seen, the price action for the ‘basket’ has been cyclical over the past 12 months, responding well to each major upshift in the lithium price.

    TradingView Chart

    Whereas other commodity baskets have receded to pre-pandemic levels, the market pricing for lithium has seen these key ASX players catch a strong bid since July.

    It is this kind of market strength that continues to result in ongoing investment in the lithium sector.

    For instance, today, Lake Resources announced that WMC Energy has obtained a strategic 10% stake in the company for a $1.20 per share consideration.

    Aside from the investment, the deal also includes an offtake agreement with Lake at its Kachi Project, in Argentina.

    The news was a good result for the ASX lithium share, which finished up 2% on the day following the announcement.

    Meantime, each of the ASX lithium shares mentioned finished in the green today. Pilbara Minerals ended the day 5.7% higher, Sayona Mining was up 4.3%, and Allkem climbed 1.8%.

    The post Good times keep rolling for ASX lithium shares on Thursday appeared first on The Motley Fool Australia.

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    Motley Fool contributor Zach Bristow 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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  • Boom! Guess which ASX All Ords share has surged 50% this week

    Two scientists in a Rhythm Biosciences lab cheer while looking at results on a computer.Two scientists in a Rhythm Biosciences lab cheer while looking at results on a computer.

    The All Ordinaries Index (ASX: XAO) has risen 5% this week, but one ASX All Ords share has stormed far higher.

    The Paradigm Biopharmaceuticals Ltd (ASX: PAR) share price has soared 53% since market close on 29 September. Paradigm entered a trading halt before market open last Friday and emerged from the freeze on Tuesday.

    Let’s take a look at why this ASX All Ords share is having such a good week.

    Clinical trial results

    Paradigm shares have been storming higher since the company released news of a successful clinical trial for osteoarthritis (OA).

    The drug company’s share price soared more than 20% on Tuesday and has kept storming higher since then. At market close today, the Paradigm share price gained another 19.5%, finishing the session at $1.93.

    Earlier this week, Paradigm advised the primary endpoint had been met for synovial fluid biomarkers in the PARA_OA_008 phase two clinical trial.

    Multiple osteoarthritis biomarkers were shown to favourably change over time in patients treated with injectable PPS (iPPS) compared to placebo.

    The trial also showed significant improvement in Western Ontario and McMaster Universities Osteoarthritis Index pain and function scores.

    Paradigm highlighted the promising market opportunity for osteoarthritis treatment. Market research found US customers would be willing to pay between US$2,000 and US$3,000 for the use of iPPS as a therapy for osteoarthritis. Worldwide, there were 303.1 million cases of osteoarthritis in 2017.

    Commenting on the news, chief medical officer Donna Skerrett said:

    We are encouraged by these preliminary data on the potential of iPPS to improve joint function and reduce the levels of biomarkers of cartilage degeneration in this translationally relevant model of naturally occurring OA.

    Paradigm recently conducted a $66 million capital raise. This will fund the company into the 2024 calendar year. The company will hold its annual general meeting on 18 November.

    Share price snapshot

    Paradigm shares have climbed more than 3% year to date, while they have soared 63% in the past week.

    For perspective, the ASX All Ords has lost nearly 10% year to date.

    Paradigm has a market capitalisation of about $539 million based on the current share price.

    The post Boom! Guess which ASX All Ords share has surged 50% this week appeared first on The Motley Fool Australia.

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    Motley Fool contributor Monica O’Shea 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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  • Here are the top 10 ASX 200 shares today

    A group of businesspeople clapping.A group of businesspeople clapping.

    The S&P/ASX 200 Index (ASX: XJO) wobbled in and out of the green on Thursday before ultimately closing slightly higher. The index ended the day 0.03% higher at 6,817.5 points.

    It followed a similarly choppy night on Wall Street. The Dow Jones Industrial Average Index (DJX: .DJI), S&P 500 Index (SP: .INX), and Nasdaq Composite Index (NASDAQ: .IXIC) each stumbled at the last hurdle on Wednesday to post respective losses of 0.1%, 0.2%, and 0.4%.

    Higher oil prices likely buoyed the ASX 200 today. The S&P/ASX 200 Energy Index (ASX: XEJ) led the Aussie bourse, gaining 2.2%.

    Its day in the green came amid news the OPEC+ agreed to drop oil production by two million barrels a day, thereby assumably increasing demand. Seemingly in response, the Brent crude oil price lifted 1.7% to US$93.37 a barrel overnight, and the US Nymex crude oil price rose 1.4% to US$87.76 a barrel.

    The S&P/ASX 200 Materials Index (ASX: XMJ) also gained 0.5% today, while the S&P/ASX 200 Real Estate Index (ASX: XRE) weighed on the market, falling 0.9%.

    All in all, five of the index’s 11 sectors closed higher on Thursday, but which ASX 200 share outperformed all others? Keep reading to find out.

    Top 10 ASX 200 shares countdown

    The Whitehaven Coal Ltd (ASX: WHC) share price led the iconic index today, gaining 7% and reaching a new all-time high in intraday trade.

    Today’s biggest gains were made by these shares:

    ASX-listed company Share price Price change
    Whitehaven Coal Ltd (ASX: WHC) $10.46 7.17%
    Pilbara Minerals Ltd (ASX: PLS) $5.40 5.68%
    Link Administration Holdings Ltd (ASX: LNK) $3.27 5.14%
    Coronado Global Resources Ltd (ASX: CRN) $1.975 4.77%
    Sayona Mining Ltd (ASX: SYA) $0.245 4.26%
    AUB Group Ltd (ASX: AUB) $20.28 3%
    Woodside Energy Group Ltd (ASX: WDS) $34.75 2.6%
    Origin Energy Ltd (ASX: ORG) $5.70 2.52%
    Megaport Ltd (ASX: MP1) $8.71 2.35%
    Aurizon Holdings Ltd (ASX: AZJ) $3.57 2.29%

    Our top 10 ASX 200 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

    The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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    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 positions in and has recommended Link Administration Holdings Ltd and MEGAPORT FPO. The Motley Fool Australia has recommended Aurizon Holdings Limited, Austbrokers Holdings Limited, and MEGAPORT FPO. 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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