Day: March 13, 2023

Here are the 3 most heavily traded ASX 200 shares on Monday

a man sits at a computer amid piles of papers to each side and behind him

a man sits at a computer amid piles of papers to each side and behind him

The S&P/ASX 200 Index (ASX: XJO) has continued its weak form from last week so far this Monday. After a rough end to the trading week last Friday, the ASX 200 has again seen losses during the session, thanks in most part to jitters over the collapse of the SVB Financial Group in the US.

At the time of writing, the ASX 200 Index is down by another 0.36% at just under 7,120 points.

But let’s not dwell too long on all of that. Time now to take a look at the stocks currently at the peak of the ASX 200’s share trading volume charts, according to investing.com. 

The 3 most traded ASX 200 shares by volume this Monday

Liontown Resources Ltd (ASX: LTR)

First up this Monday is ASX 200 lithium share Liontown Resources. So far today, a notable 14.34 million Liontown shares have been exchanged on the markets. This doesn’t seem to be a consequence of any news or announcements out of Liontown itself, seeing as there are none today.

So this high volume looks to be a consequence of the movements of the Liontown share price this Monday. Liontown has had a fairly wild day of trading. The company is currently down by a meaty 2.57% at $1.515 a share, but fell as low as $1.48 a share this morning.

Pilbara Minerals Ltd (ASX: PLS)

Next up is another ASX 200 lithium stock in Pilbara Minerals. This Monday has seen a sizeable 27.64 million Pilbara shares change owners so far. This looks like another result of the market’s volatility today. At present, Pilbara is down by 2.51% at $3.88 a share.

But again, we saw the Pilbara share price fall by far more this morning, with the company going as low as $3.755 a share. This bouncing around looks like it is to blame for the elevated trading volumes on display here.

Sayona Mining Ltd (ASX: SYA)

Yet another ASX 200 lithium share is our final and most traded stock at this point of Monday’s session. In Sayona’s case, investors have seen a hefty 36.05 million Sayona shares bought and sold as it currently stands. And yet again, it seems this volume comes down to share price volatility.

Sayona has had a rollercoaster of a day. The lithium company is currently down 1.3% at 22.7 cents a share but fell more than 5% this morning before recovering to the levels we see now. No wonder so many shares have been zipping around the markets.

The post Here are the 3 most heavily traded ASX 200 shares on Monday appeared first on The Motley Fool Australia.

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SVB Financial provides credit and banking services to The Motley Fool. Motley Fool contributor Sebastian Bowen 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 SVB Financial. The Motley Fool Australia has recommended SVB Financial. 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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Buy these ASX dividend shares right now for income: analysts

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.

Are you looking for dividend shares to add to your income portfolio? If you are, then it could be a good idea to check out the two listed below.

These ASX dividend shares have been rated as buys by analysts. Here’s what they are saying about them:

Aurizon Holdings Ltd (ASX: AZJ)

The first ASX dividend share for investors to look at is Australia’s largest rail freight operator.

Aurizon connects miners, primary producers, and industry with international and domestic markets via its extensive national rail and road network.

Morgans is a fan of the company and currently has an add rating and $3.81 price target on its shares. It sees a lot of value in the Aurizon share price at the current level. The broker explained:

We are not yet convinced that the capital AZJ is deploying into the lower quality Bulk business (both One Rail Bulk acquisition and growth capex) to diversify its operations away from coal exports and tap into new growth avenues will deliver appropriate risk-adjusted returns over time. Nonetheless, we see value in the stock at current prices, supported by the far higher quality Network and Coal haulage businesses. ADD retained.

As for dividends, it has pencilled in partially franked dividends of 17 cents per share in FY 2023 and then 19 cents per share in FY 2024. Based on the latest Aurizon share price of $3.30, this will mean yields of 5.2% and 5.75%, respectively.

Rural Funds Group (ASX: RFF)

Another ASX dividend share that has been named as a buy is this agriculture-focused real estate property.

Rural Funds owns a diverse portfolio of properties across different geographies and sectors that are leased to some of the biggest names in the game.

Bell Potter is positive on the company and recently noted that its shares were trading at what could “be considered an attractive entry point.”

The broker currently has a buy rating and $2.65 price target on its shares.

In respect to dividends, Bell Potter is forecasting an 11.7 cents per share dividend in FY 2023 and then a 12.2 cents per share dividend in FY 2024. Based on the current Rural Funds share price of $2.10, this represents yields of 5.6% and 5.8%, respectively.

The post Buy these ASX dividend shares right now for income: analysts 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 positions in and has recommended Rural Funds Group. The Motley Fool Australia has recommended Aurizon. 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’s why experts rate these ASX 200 growth shares as buys

A woman is excited as she reads the latest rumour on her phone.

A woman is excited as she reads the latest rumour on her phone.

Investors that are looking for growth options might want to check out the ASX 200 growth shares listed below.

These shares have been named as buys and tipped to climb meaningfully from current levels. Here’s what you need to know:

Lovisa Holdings Limited (ASX: LOV)

The first ASX 200 growth share that has been named as a buy is this fast fashion jewellery retailer. Last month, Lovisa released its half-year results and reported a 44.8% increase in revenue to $315.5 million and a 31.9% jump in net profit after tax to $253.2 million. Analysts at Morgans were impressed and have described the company as a “phenomenon” due to its incredible expansion plans.

Morgans currently has an add rating and $29.00 price target on its shares.

ResMed Inc. (ASX: RMD)

Another ASX 200 growth share that has been named as a buy is ResMed. It is a medical device company with a leadership position in the sleep disorder treatment market. Thanks to its huge market opportunity and world class product portfolio, it has been tipped to continue growing at a solid rate in the future by analysts at Goldman Sachs.

The broker recently reaffirmed its buy rating and $38.00 price target on its shares.

Pilbara Minerals Ltd (ASX: PLS)

A final ASX 200 growth share to consider buying is Pilbara Minerals. The team at Morgans believe investors should be taking advantage of recent share price weakness to snap up the high quality lithium miner. Particularly given its belief that “demand in the Chinese market could increase from March onwards.” It expects this to support lithium prices, which have been tumbling in recent months.

Morgans currently has an add rating and $4.70 price target on the miner’s shares.

The post Here’s why experts rate these ASX 200 growth shares as buys 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 Lovisa and ResMed. The Motley Fool Australia has positions in and has recommended ResMed. The Motley Fool Australia has recommended Lovisa. 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 is the Flight Centre share price lagging the ASX 200 on Monday?

A corporate-looking woman looks at her mobile phone as she pulls along her suitcase in another hand while walking through an airport terminal with high glass panelled walls.

A corporate-looking woman looks at her mobile phone as she pulls along her suitcase in another hand while walking through an airport terminal with high glass panelled walls.

The Flight Centre Travel Group Ltd (ASX: FLT) share price is on course to start the week with a decline.

In afternoon trade, the travel agent giant’s shares are down 2% to $18.45.

Why is the Flight Centre share price falling?

There could be a few reasons for the weakness in the Flight Centre share price on Monday.

This includes high levels of short interest, weakness in the travel sector, and the completion of its share purchase plan (SPP).

In respect to the latter, this morning Flight Centre revealed that it received strong demand for its SPP from eligible retail shareholders. So much so, the company elected to increase the size of the plan from $40 million to $60 million.

Why is Flight Centre raising funds?

The proceeds from the SPP will be used to support the acquisition of United Kingdom-based luxury travel specialist Scott Dunn.

These funds were raised at an issue price of $14.60, which was in line with what institutional investors paid at the end of January.

It’s possible that some retail investors are selling their SPP shares today for a quick profit. Especially given that the Flight Centre share price was trading at a 29% premium to the issue price.

Flight Centre’s managing director, Graham Turner, was pleased with the news. He said:

We are delighted with the very strong demand and we thank eligible shareholders for their support. By increasing the SPP offer to $60million, we have provided our shareholders with the opportunity to secure a more meaningful stake in their company with a view to benefitting to a larger degree as its post-COVID recovery gains momentum.

We see the Scott Dunn acquisition as an exciting opportunity and a strong addition to our diverse, global brand network. The acquisition will significantly strengthen our northern hemisphere leisure footprint and fast-track our plan to develop a global luxury collection of travel brands operating in a highly resilient sector of the industry.

The post Why is the Flight Centre share price lagging the ASX 200 on Monday? 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 Flight Centre Travel Group. 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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