Day: March 17, 2023

2 ASX All Ordinaries shares rocketing over 10% today

Man pointing at a blue rising share price graph.Man pointing at a blue rising share price graph.

S&P/ASX All Ordinaries (ASX: XAO) shares are up 0.4% to 7,180.5 points in late afternoon trading.

As always, there are outlier performers within the index every day, and on Friday we see two miners climbing the charts by more than 10%.

Let’s take a look at the details.

Kingsgate Consolidated Limited (ASX: KCN)

Among the best-performing ASX All Ordinaries shares today is gold miner, Kingsgate.

The Kingsgate share price is up 21% to $1.79 at the time of writing.

Investors have been bidding up the shares after the miner announced the official reopening of its Chatree Gold Mine in Thailand.

What will follow now is work to recommission Plant No. 2 and the ramp-up to full capacity.

Kingsgate management described it as “a truly remarkable moment.”

Kingsgate’s executive chair, Ross Smyth-Kirk, said:

We have always believed that having the mine operate again is the best possible outcome, and I would like to personally thank all our loyal staff who have worked so hard to make this happen and all our loyal shareholders who have stuck with us through thick and thin over the past 6 years.

Energy Resources Of Australia Ltd (ASX: ERA)

This ASX All Ordinaries share reached an intraday high of 23 cents today, a 15% increase on yesterday’s close.

Currently, Energy Resources shares are trading for 22 cents, up 7.5% for the day.

There is no ASX news relating to the ASX uranium share today. The price of uranium fell 0.6% overnight, and it is down 3.86% over the past month, according to Trading Economics.

So, we wonder if this week’s announcement of an AUKUS nuclear submarines deal has perhaps prompted some attention from speculative investors.

Almost twice the 30-day average volume of trading for Energy Resources shares has occurred today.

Australian Prime Minister Anthony Albanese announced the AUKUS deal on nuclear subs this week alongside United States President Joe Biden and British Prime Minister Rishi Sunak in San Diego.

This deal involves a few elements. One will be that Australia will begin building its own nuclear subs later this decade, and will also purchase three Virginia-class nuclear subs from the US in the early 2030s.

An SSN-Aukus nuclear sub will be designed using the best of UK design and US technology to create a new attack fleet for the UK and Australia.

This bodes well for the future of uranium demand to help power the subs. This might have speculative investors moving on Energy Resources shares today.

Rio Tinto Ltd (ASX: RIO) owns 86% of Energy Resources shares.

The post 2 ASX All Ordinaries shares rocketing over 10% today appeared first on The Motley Fool Australia.

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Motley Fool contributor Bronwyn Allen 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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Want to invest in cybersecurity but don’t know how? Try this ASX ETF

Cybersecurity professional man inspects server room and works on ipadCybersecurity professional man inspects server room and works on ipad

ASX exchange-traded funds (ETFs) offer investors a range of opportunities to gain diversified exposure to sector-specific stocks.

While there are a few stocks on the ASX focused on thwarting hackers, they’re currently all small-cap companies.

But there is an ASX ETF that you can buy and sell just like any other share that offers exposure to 36 large-cap global cybersecurity stocks, the majority of which are domiciled in the United States.

Which ASX ETF opens the door to investing in cybersecurity companies?

The ETF in question is the Betashares Global Cybersecurity ETF (ASX: HACK).

HACK’s top holdings are Fortinet Inc, Broadcom Inc, Palo Alto Networks Inc, Cisco Systems Inc and Infosys Ltd.

Atop the potential for share price gains, which we’ll look at below, this ASX ETF also provides a passive income stream via regular distribution payments.

As at 28 February, HACK shares traded at a 12-month trailing yield of 8.1%, unfranked.

The company charges management fees of 0.67%.

HACK share price snapshot

As you can see on the chart below, the HACK share price is down 15% over the past 12 months.

But the new year is shaping up better.

So far in 2023, this ASX ETF has gained 7%.

And keep in mind, these figures don’t include the distribution payouts.

The ASX cybersecurity ETF has likely been the beneficiary of a spate of recent, highly publicised hacks.

Here in Australia, I’m sure you’ll recall the massive data breaches at Optus and Medibank, and I hope you weren’t personally impacted.

And cyber breaches are accelerating across the world.

That reality has seen 80% of larger Australian companies report their intentions to ramp up cybersecurity spending in 2023, according to research by Netskope.

With global corporations also increasing their cyber defence capabilities, this ASX ETF is well positioned to help the ‘good guys’ and potentially deliver some handy gains to shareholders on the way.

The post Want to invest in cybersecurity but don’t know how? Try this ASX ETF appeared first on The Motley Fool Australia.

Should you invest $1,000 in Betashares Global Cybersecurity Etf right now?

Before you consider Betashares Global Cybersecurity Etf, you’ll want to hear this.

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Motley Fool contributor Bernd Struben 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 BetaShares Global Cybersecurity ETF, Cisco Systems, Fortinet, and Palo Alto Networks. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Broadcom. The Motley Fool Australia has positions in and has recommended BetaShares Global Cybersecurity ETF. 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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Analysts say these ultra high quality blue chip ASX 200 shares are buys

A female executive smiles as she carries out business on her mobile phone.

A female executive smiles as she carries out business on her mobile phone.

If you have room in your portfolio for a blue chip ASX 200 share or two, then take a look at the top blue chips listed below.

Here’s why these ASX 200 shares are highly rated:

CSL Limited (ASX: CSL)

The first ASX 200 share to consider is CSL. It is one of the world’s leading biotechnology companies, comprising the CSL Behring, CSL Vifor, and Seqirus businesses.

As well as having a portfolio of a world class, life-saving therapies, CSL invests 10% to 11% of its sales back into research and development (R&D) activities every year.

This means the company has a large number of potentially lucrative therapies under development to support its future growth. This includes its CSL112 therapy, which aims to reduce secondary heart attacks.

Morgans is positive on CSL and currently has an add rating and $337.92 price target on its shares.

Goodman Group (ASX: GMG)

Another blue chip ASX 200 share to look at is Goodman Group.

It is an industrial property company with a world class property portfolio comprising warehouses, large scale logistics facilities, and business and office parks. These properties are in demand and count some of biggest companies in the world as tenants. This includes the likes of Amazon and DHL.

But like CSL, management isn’t settling for that. The company has a material development pipeline that looks set to drive further solid growth in the coming years. At the last count, it has work in progress totalling $13.9 billion across 85 projects. This compares to its current assets under management of $79.5 billion.

Citi is very positive on the company’s outlook and has a buy rating and $24.00 price target on the company’s shares.

The post Analysts say these ultra high quality blue chip ASX 200 shares are buys appeared first on The Motley Fool Australia.

FREE Investing Guide for Beginners

Despite what some people may say – we believe investing in shares doesn’t have to be overwhelming or complicated…

For over a decade, we’ve been helping everyday Aussies get started on their journey.

And to help even more people cut through some of the confusion “experts’” seem to want to perpetuate – we’ve created a brand-new “how to” guide.

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*Returns as of March 1 2023

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Motley Fool contributor James Mickleboro has positions in CSL. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL. The Motley Fool Australia has recommended Goodman 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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Here are the 3 most heavily traded ASX 200 shares on Friday

Group of friends trading stocks on their phones. symbolising the 3 most traded ASX 200 shares today

Group of friends trading stocks on their phones. symbolising the 3 most traded ASX 200 shares today

The S&P/ASX 200 Index (ASX: XJO) looks like it is on track to finish what has been a wild and woolly trading week on a high note so far this Friday. At the time of writing, the ASX 200 has put on a robust 0.33%, which lifts the index back over 6,980 points.

That’s despite a brief dip into negative territory just after lunchtime today.

But rather than trying to figure all of that out, let’s now turn to look at the shares that are at the top of the ASX 200’s share trading volume charts right now, according to investing.com. 

The 3 most traded ASX 200 shares by volume this Friday

Telstra Group Ltd (ASX: TLS)

Telstra has been trading at high volumes all week, and today is no exception, it seems. This ASX 200 telco has had a hefty 19.17 million of its shares find a new home so far this Friday. There hasn’t been any news from the company itself that might explain this volume. So let’s take a look at the Telstra share price itself to explain what we see.

Telstra has indeed had a rocky end to the trading week. The telco is presently up by a healthy 0.37% at $4.12 a share. But today’s session has been a bouncy one, with Telstra fluctuating between $4.08 and $4.12 a share all day after closing at $4.10 yesterday. This is probably why we see so many Telstra shares trading.

South32 Ltd (ASX: S32)

Next up is the mining company South32. This ASX 200 resources giant has seen a sizeable 19.32 million of its shares exchange on the markets thus far. This might be being assisted by South32’s ongoing share buyback program.

But the pleasing 2.4% bump to $4.10 a share that South32 is enjoying today is probably the primary driver of these elevated trading volumes. Perhaps some recent love from an ASX broker is helping as well.

Pilbara Minerals Ltd (ASX: PLS)

Our third, final and most traded share today is the ASX 200 lithium miner Pilbara Minerals. In this company’s case, a notable 21.97 million shares have been bought and sold today. We haven’t seen any fresh news out of Pilbara either.

But this popular lithium share is on a tear today. Pilbara shares are currently basking in a 2.94% lift in share price to $3.68 a share. This puts Pilbara up more than 6% since yesterday morning, but still down around 7% over the past week or so. Regardless, it looks like this strong lift in valuation is behind Pilbara’s place at the top of the pile today.

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

FREE Guide for New Investors

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And to help even more people cut through some of the confusion “experts’” seem to want to perpetuate – we’ve created a brand-new “how to” guide.

Yes, Claim my FREE copy!
*Returns as of March 1 2023

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Motley Fool contributor Sebastian Bowen has positions in Telstra Group. 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 Telstra 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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