Day: 9 May 2023

Are you wanting to gain some exposure to the tech sector? If you are, then you might want to consider the two tech shares named below that Goldman Sachs is recommending as buys.

Especially with the broker tipping major upside potential ahead for their shares. Here’s what it is saying:

Life360 Inc (ASX: 360)

This location technology company is highly rated by analysts at Goldman Sachs. The broker has a buy rating and $7.85 price target on the ASX tech share.

Based on the current Life360 share price of $5.52, this implies potential upside of 42% for investors over the next 12 months.

Goldman highlights that its shares have undeservedly underperformed peers this year, which it feels has created a buying opportunity. Particularly given its high growth outlook and latent operating leverage. It explains:

Life360 has underperformed domestic and offshore peers YTD and continues to trade at a material valuation discount when adjusting for its robust growth outlook. The company is trading at ~2.7x FY24 EV/GP (vs ~6x key peers) and we believe reaching break-even and demonstrating resumption in paying circle growth can serve as catalysts to refocus investor attention on Life360’s strong balance sheet, high growth outlook and latent operating leverage. Our estimates and A$7.85/CDI TP are unchanged, and we reiterate Buy.

Temple & Webster Group Ltd (ASX: TPW)

Another ASX tech share that Goldman Sachs is bullish on is Temple & Webster.

It currently has a conviction buy rating and $6.10 price target on the online furniture retailer’s shares. This suggests that its shares could rise approximately 60% from current levels.

Goldman believes that the company’s position as the largest pure-play online home retailer leaves it perfectly placed for the future thanks to structural growth drivers. It said:

We see a long term structural growth opportunity driven by increasing online penetration and consolidation of online market share. We think TPW is best placed to be a winner in a category that favours scale players, requires a specialist approach to e-commerce and logistics, has higher barriers to entry vs. other categories. The category remains under-penetrated relative to other markets (16% vs. the UK/US at 25-30%) even after a large pull forward in online; we expect online penetration to reach similar levels over time and expect TPW to be a beneficiary of this shift. We are Buy rated (on CL) on the stock.

The post Goldman Sachs names 2 ASX tech shares to buy with massive upside appeared first on The Motley Fool Australia.

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More reading

• Leading brokers name 3 ASX shares to buy today
• Here are the top 10 ASX 200 shares today  
• Which ASX retail shares could be ‘most impacted’ by Amazon’s rapid growth?
• Here are the 10 most shorted ASX shares
• Brokers name 3 ASX shares to buy now

Motley Fool contributor James Mickleboro has positions in Life360. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Life360 and Temple & Webster Group. The Motley Fool Australia has recommended Temple & Webster 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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If you’re looking for exposure to the healthcare sector, then Ramsay Health Care Ltd (ASX: RHC) could be the way to do it.

That’s the view of analysts at Morgans, which see major upside ahead for this ASX 200 healthcare share.

What is the broker saying about this ASX 200 healthcare share?

In response to a recent trading update, the team at Morgans has retained its add rating with a slightly trimmed $75.57 price target.

Based on the current Ramsay share price of $60.58, this implies potential upside of 25% for this ASX 200 healthcare share over the next 12 months.

In addition, the broker is forecasting a 2.2% dividend yield over the next 12 months, boosting the total potential return on offer with its shares even further.

What did it say?

While the broker wasn’t blown away by Ramsay Health Care’s trading update, it was pleased with underlying trends. It explained:

A nine-month FY23 trading update highlighted improving volumes across all regions on increased surgical activity, although margins and profit lagged. While COVID-related headwinds are subsiding, labour shortages and inflationary pressures remain, dampening a full recovery in underlying profitability.

The good news is that Morgans expects these headwinds to ease in time and for its profits to rebound. It adds:

While the operating environment remains unpredictable and dynamic, with doctor/patient behaviour, inflation and workforce issues all defining the earnings profile, higher activity and improving (albeit slowly) productivity are suggestive of growing momentum.

All in all, the sum of the above is that the broker believes that this makes Ramsay an ASX 200 health care share to buy right now for patient investors.

The post Buy this ASX 200 healthcare share for a 25% return: broker appeared first on The Motley Fool Australia.

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More reading

• 3 ASX 300 shares being bought up by insiders
• 4 ASX 200 shares just upgraded by brokers
• Why Amcor, oOh!Media, Ramsay, and Woodside shares are falling today
• 3 ASX 200 stocks getting hammered following trading updates
• CSL shares dip despite new FDA approval

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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The Wesfarmers Ltd (ASX: WES) share price declined 0.29% today amid the speculation that the ASX retail share is interested in making another acquisition.

Wesfarmers is best known for owning businesses like Bunnings, Kmart and Officeworks. But, it has a growing portfolio of businesses that are in other sectors. The Wesfarmers chemicals, energy and fertiliser (WesCEF) business is the home of a number of the compelling industrial areas of the business, including the lithium project at Mt Holland.

Takeover plans?

According to reporting by The Australian, Wesfarmers is one of the potential buyers of Alinta Energy’s Western Australia assets.

There could be synergy between the businesses considering Wesfarmers already operates Kleenheat which “produces, imports and distributes liquefied petroleum gas (LPG) to residential and commercial markets across WA and NT through a comprehensive network of distribution centres and dealers, as well as retailing natural gas to residential and commercial markets, and electricity to businesses in WA”, according to Wesfarmers.

What are the Alinta assets that Wesfarmers may buy?

The Australian reported that it’s the majority of Alinta Energy’s Pilbara operations. Alinta will reportedly retain operational control and a minority stake.

Newman Power Station may be viewed as the key asset, which has a gas and distillate power station, with a battery storage system.

There is also an 11.8% stake in the 1,380km Goldfields gas pipeline, which transports gas from the Carnarvon basin producers in the northwest of the state to Kalgoorlie in the southeast. APA Group (ASX: APA) owns the rest of that particular pipeline asset.

It was reported that the power station generates 15% of Alinta’s earnings before interest, tax, depreciation and amortisation (EBITDA). It’s currently gas and diesel-powered, but it is being sold to investors with the idea that it can be powered by cleaner fuel.

Is anyone else interested?

The Australian reported that there are a number of different interested parties including private equity players Pacific Equity Partners and EQT, as well as Gina Rhinehart, CKI, Queensland Investment Corporation, APA Group, Andrew Forrest and Macquarie Group Ltd (ASX: MQG).

So, while there is a lot of competition, it was reported that APA is “highly motivated” to try to win the asset.

Foolish takeaway

Time will tell which group is successful in buying these assets. But, if it is Wesfarmers, then that will diversify the company’s earnings even more, which could be a benefit for the Wesfarmers share price.

The post The Wesfarmers share price was in the red today despite green energy acquisition rumours appeared first on The Motley Fool Australia.

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More reading

• Which ASX retail shares could be ‘most impacted’ by Amazon’s rapid growth?
• Is Wesfarmers a diversified ASX 200 stock?
• Could Wesfarmers shares get a boost from further acquisitions?
• Dalio says US and China ‘on brink of war’. Which ASX shares could be impacted?
• 6 excellent ASX 200 dividend shares that aren’t banks or miners

Motley Fool contributor Tristan Harrison 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 Apa Group, Macquarie Group, and Wesfarmers. 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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The S&P/ASX 200 Index (ASX: XJO) slipped into the red on Tuesday, closing today’s session 0.17% lower at 7,264.1 points.

Weighing on the market was the S&P/ASX 200 Real Estate Index (ASX: XRE). It slumped 1.4% today.

It was also a rough session for the S&P/ASX 200 Information Technology Index (ASX: XIJ), which fell 0.7% on the back of disappointing performances from stock in BrainChip Holdings Ltd (ASX: BRN) and Megaport Ltd (ASX: MP1).

At the other end of the market, the S&P/ASX 200 Financials Index (ASX: XFJ) outperformed, rising 0.5%, while the S&P/ASX 200 Industrials Index (ASX: XNJ) lifted 0.3%.

But today’s top-performing ASX 200 share didn’t belong to either sector. Let’s take a look at what drove it to outperform all others on Tuesday.

Top 10 ASX 200 share countdown

The index’s biggest gain on Tuesday was posted by healthcare share Imugene Limited (ASX: IMU). The stock rose 8.7% today despite no word having been released by the company.

These shares made today’s biggest gains:

ASX-listed company	Share price	Price change
Imugene Limited (ASX: IMU)	$0.125	8.7%
Mineral Resources Ltd (ASX: MIN)	$73.50	2.93%
Worley Ltd (ASX: WOR)	$16.47	2.87%
Allkem Ltd (ASX: AKE)	$12.83	2.8%
Macquarie Group Ltd (ASX: MQG)	$177.43	2.27%
BlueScope Steel Limited (ASX: BSL)	$20.22	2.07%
Insignia Financial Ltd (ASX: IFL)	$3.06	2%
Pilbara Minerals Ltd (ASX: PLS)	$4.69	1.96%
Hub24 Ltd (ASX: HUB)	$27.73	1.91%
Champion Iron Ltd (ASX: CIA)	$6.65	1.53%

Our top 10 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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More reading

• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• Why Arafura Rare Earths, Imugene, Pilbara Minerals, and Worley are charging higher
• 2 ASX All Ords shares defying Tuesday’s slump to crack multi-year highs
• What’s with ASX 200 lithium stocks today?
• No savings at 40? Here’s how I’d aim to build a passive income of $3,000 a month

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 Hub24 and Megaport. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool Australia has recommended Hub24 and Megaport. 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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The good news for income investors is that there are a lot of dividend shares to choose from on the ASX.

But if you’re paralysed by choice, don’t worry because listed below are a couple of ASX dividend shares that come highly recommended and have big forecast dividend yields.

Here’s why analysts are tipping these shares as buys:

Charter Hall Retail REIT (ASX: CQR)

The first ASX dividend share that could be a buy is the Charter Hall Retail REIT.

As you might have guessed from the name, this property company has a focus on retail assets. These are predominantly supermarket anchored neighbourhood and sub-regional shopping centres.

The team Citi is positive on the company. This is due to its “defensive net property income growth despite rising interest rate profile.” The broker also highlights how Charter Hall Retail REIT is “effective at passing through higher inflation”, which is a positive in the current environment.

Citi currently has a buy rating and $4.50 price target on its shares.

As for dividends, Citi is expecting the company to pay dividends of 26 cents per share in both FY 2023 and FY 2024. Based on the current Charter Hall Retail share price of $3.82, this will mean 6.8% dividend yields for investors.

Dicker Data Ltd (ASX: DDR)

Another ASX dividend share that has been named as a buy is Dicker Data.

It is one of the largest distributors of computer hardware and software in the ANZ region.

Morgan Stanley is a fan of the company and currently has an outperform rating and $10.00 price target. Its analysts are positive on Dicker Data’s outlook and are forecasting solid earnings and dividend growth in the near future.

In respect to the latter, the broker is expecting fully franked dividends per share of 43.8 cents in FY 2023 and 48.8 cents in FY 2024. Based on the latest Dicker Data share price of $8.40, this will mean dividend yields of 5.2% and 5.9%, respectively.

The post These ASX income shares have very big forecast dividend yields appeared first on The Motley Fool Australia.

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More reading

• 3 ASX 300 shares being bought up by insiders
• Brokers say buy these ASX dividend stocks for their big fully franked yields
• Passive income alert! Experts say buy these ASX dividend shares with big and growing yields
• Why Citi says these ASX 200 dividend shares are buys
• Are these ASX All Ords shares ready to buy at fundamentally fire sale prices?

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 Dicker Data. The Motley Fool Australia has positions in and has recommended Dicker Data. 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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If you’re a fan of growth stocks like I am, then I have good news for you.

A couple of high quality shares with bags of growth potential have recently been named as buys. Here’s why brokers are bullish on them:

Breville Group Ltd (ASX: BRG)

Goldman Sachs has named this appliance manufacturer as an ASX growth stock to buy.

The broker is very positive on the company and highlights that it is exposed to some powerful trends. This includes the at-home coffee market, which Breville has material exposure to following some recent acquisitions.

Combined with its international expansion and ongoing research and development investment, Goldman believes Breville can grow its revenue and EBITDA by a compound annual growth rate of 7.6% and 11.1%, respectively, between FY 2022 and FY 2025. Not bad given the tough economic environment it is operating in.

Goldman has a buy rating and $22.70 price target on the company’s shares.

Corporate Travel Management Ltd (ASX: CTD)

Over at Morgans, its analysts are bullish on this corporate travel booker and have named it as an ASX growth stock to buy.

The broker believes Corporate Travel Management is well-placed for growth over the medium term thanks to acquisitions, its lower cost base, and technology development.

It highlights that “CTD should be a materially larger business post COVID given it has made two highly accretive acquisitions during the downturn. The company has also won a lot of new business, implemented structural cost-out opportunities and continued to develop its market-leading technology.”

Morgans currently has an add rating and $24.00 price target on its shares.

The post Buy these top ASX growth stocks: experts appeared first on The Motley Fool Australia.

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More reading

• ‘We’ve learnt the hard way’: 3 ASX shares that can grow in tough times
• Here are the top 10 ASX 200 shares today
• 2 ASX travel shares poised for a massive 2023
• Why analysts are bullish on these ASX 200 growth shares
• These were the best-performing ASX 200 shares in April

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 Corporate Travel Management. 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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The S&P/ASX 200 Resources Index (ASX: XJR) is 0.29% in the red in late afternoon trade, but these three ASX resources shares are pushing higher.

The Besra Gold Inc (ASX: BEZ), Voltaic Strategic Resources Ltd (ASX: VSR), and Chesser Resources Ltd (ASX: CHZ) share prices are all rocketing more than 50% today.

Let’s take a look at what is going on with these ASX resources shares.

Voltaic Strategic Resources

Voltaic shares are exploding 152% at the time of writing. Investors are buying up this lithium share amid drilling results released today.

Several thick pegmatites have been intercepted at the Andrada prospect at the Ti Tree Project in Western Australia.

Drilling showed “key structural trends” connected to favourable lithium, caesium, and tantalum (LCT) pegmatoids close to granitic contacts.

Commenting on the news, CEO Michael Walshe said:

We now have a much-improved model of the regional pegmatites at Ti Tree in terms of structure, down-hole continuity and zonation, all of which are critical data for vectoring towards an LCT discovery.

Besra Gold

Besra Gold shares are soaring 93% at the time of writing to 42.5 cents. The gold company is exploring the Bau Goldfield in East Malaysia. Besra has finalised a binding gold purchase agreement with major shareholder Quantum Metal Recovery. This will enable Besra to fund production at the Bau project and evaluate other deposits in the Bau goldfield corridor.

Former CEO Dr Ray Shaw will be moving to the role of chief operating officer, stepping down as CEO. Jocelyn Bennett will take on the role of executive chair. Commenting on today’s news, Bennett said:

The announcement of progress this landmark agreement, as well as the accompanying corporate changes, moves Besra’s 3Moz Bau Gold Project closer to production.

Chesser Resources

Chesser shares are flying 65% higher today to 12 cents on the back of takeover news. Fortuna Silver Mines Inc (NYSE: FSM, TSE: FVI) is proposing to acquire 100% of Chesser shares at an implied value of 14.2 cents per Chesser share.

This is a 95% premium to Chesser’s closing price of 7.3 cents on 8 May. However, Chesser shares are now catching up to the offer price.

In a statement today, Chesser said the board “unanimously recommends” shareholders support the acquisition at the scheme meeting. This is due to be held in August 2023.

Chesser managing director Andrew Grove said:

Chesser’s strategy has focused on the standalone development of the Diamba Sud project and we have made excellent progress in this regard through exploration success, resource delineation and the delivery of a highly attractive Scoping Study late last year.

The post 3 ASX resources shares exploding over 65% on Tuesday appeared first on The Motley Fool Australia.

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More reading

• Guess which ASX mining stock is booming 126% on a new lithium discovery

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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Last week, AGL Energy Limited (ASX: AGL) revealed that yet another insider has been buying its shares.

According to the release, non-executive director, Mark Twidell, picked up 7,500 AGL shares for an average of $8.85 per share.

This represents a total consideration of just over $66,000. It also means that this is the ninth time that insiders have bought shares this year.

Given that insider buying is often seen as a bullish indicator, should you be following their lead and doing the same?

Should you be buying AGL shares?

While the insider buying is encouraging, most analysts don’t see a lot of value in AGL shares at current levels.

For example, although Macquarie has an outperform rating on the company’s shares, its price target of $8.31 has now been surpassed.

Elsewhere, last week, the team at Morgan Stanley retained their equal-weight rating with an $8.88 price target. This is broadly in-line with where AGL shares are trading this afternoon.

And over at Morgans, its analysts currently have a hold rating and $6.89 price target. This implies potential downside of 22% for AGL shares from current levels.

The broker is sitting on the fence until it has confidence that the company is moving onwards and upwards from its troubles. It said:

We anticipate increasing dividends as earnings begin to recover in the next 12 months however we think the market will want to see clear evidence of this before it regains confidence in the company and the sector.

The post 9 directors have bought up AGL shares in 2023. Should you jump in too? appeared first on The Motley Fool Australia.

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More reading

• 3 ASX 300 shares being bought up by insiders
• Are AGL shares the most underrated ASX 200 stock opportunity?
• 6 excellent ASX 200 dividend shares that aren’t banks or miners
• Here’s how much I would need to invest in AGL shares to achieve $150 in monthly income
• 3 things that could tank the AGL share price

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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Ah, Budget Day.

It’s pretty much Christmas for those of us who are both finance and politics nerds (you can send my wife your pity).

I’ve written before about why I enjoy it so much and value it so highly, but it boils down to two things – all of the government’s planned income and expenditure in one place, and the fact that no matter how imperfect our system is, we are able to vote for our preferred candidate and then the government of the day is required to stand up and outline how they plan to handle the nation’s finances over the next year (with projections further out).

Does that make me Pollyanna? Probably. But when we stop valuing those things we risk losing them. So, I’m happy to be a nerd, and I’ll be watching the Treasurer’s speech tonight.

And what are we to expect tonight?

Well, we know some things, thanks to the stage-managed Budget ‘pre-announcements’, designed to maximise coverage for the government.

And a good old-fashioned Budget ‘leak’ (read: off-the-record phone call to select journos so you can grab this morning’s headlines) of a $4 billion Budget surplus.

It seems to be a ‘nip and tuck’ Budget, with some targeted spending, likely offset by a welcome (at least, from the national balance sheet perspective) jump in tax revenue thanks to higher commodity prices, company profits and personal income tax collections, and less welfare spending, specifically on unemployment benefits as the unemployment rate remains at historic lows.

Those are the numbers, at least.

Whether the changes in each line item are justified is in the eye of the beholder, of course.

It strikes me as hard to complain about a boost to JobSeeker, given how far it has fallen below average earnings over the past couple of decades. And raising the eligibility age for the Sole Parent pension (it used to cut out when the child turned 8, and is being lifted to 14) seems logical, given the care needed by kids when they’re between 9 and 13.

And I reckon as a very wealthy country the least we can do is make sure people can afford to heat their homes over winter.

Some readers will disagree. Others will say it doesn’t go far enough. As I said, the eye of the beholder.

And what do I hope for?

I’m not sure I’m prepared to hope for things that seem remarkably unlikely. That just feels like setting ourselves up for disappointment.

But what should the Budget offer?

That’s easier.

The government should do what successive governments over the past couple of decades have been unwilling to do: chart a course back to structural balance, where the deficits in the bad years and offset by surpluses in the good years.

And it should go further: finding a way back to a modest structural surplus, using the extra funds to pay down the government debt.

Why? Two reasons. Firstly, the interest on that debt is getting expensive. Second, the more debt we carry, the less flexibility we’ll have to respond to future crises without dire consequences.

Is debt always bad? No. Is there a case for keeping some? Yes.

But is it prudent? And the right thing to leave for our kids? No. No, it’s not.

There are lots of other things worth addressing, too. I’d meaningfully cut back the dog’s breakfast of deductions, subsidies and programs, most of which are a combination of vote-buying and unsupported ideology.

I’d increase resource rents further (and put them in a sovereign wealth fund), collect more tax from multinational corporations, remove negative gearing from future residential property purchases, re-index CGT (scrapping the 50% discount) and completely overhaul the NDIS, which has become a honeypot for fraud and gold-plating (the recipients deserve support, but we can do it without the bureaucracy and middlemen).

And here’s the thing. I think Australians probably pay too much income tax. But I don’t think the government collects too much tax revenue. The difference? The abovementioned boondoggles, deductions, minimisation and avoidance. I have a suspicion that if we got serious about that stuff, there’d be more than enough extra money (after structurally balancing the budget and paying back most of the debt) for income tax cuts, too.

But to finish, I want to go back to where we started.

What I really want from tonight’s Budget is a document that sets out the sort of country we want to be – incentivising effort, while looking after those who need assistance; offering both a fair go and a helping hand.

That outcome is within our grasp. What we lack is the vision and guts, right across the parliament. Will tonight be a new page? I don’t know. I’m not prepared to hope, but it’s what I think we deserve.

Tomorrow, I’ll be back with a summary of my thoughts from Budget night (and, well, something else that I can’t talk about yet…).

Fool on!

The post Do we dare hope, when it comes to the Budget? appeared first on The Motley Fool Australia.

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More reading

• 3 ASX resources shares exploding over 65% on Tuesday
• 9 directors have bought up AGL shares in 2023. Should you jump in too?
• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• Just how much further can BrainChip shares fall?
• Why Arafura Rare Earths, Imugene, Pilbara Minerals, and Worley are charging higher

Motley Fool contributor Scott Phillips 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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The S&P/ASX 200 Index (ASX: XJO) seems to have taken a turn for the worse today. After yesterday’s positive start to the trading week, the ASX 200 has retreated so far this session. At the time of writing, the index has gone backwards by 0.21%, leaving it at just over 7,260 points. 

But let’s try not to dwell on all of that. So instead, it’s time for a look at the shares that are currently 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 Tuesday

Stockland Corporation (ASX: SGP)

First up today is a rare appearance on this list in ASX 200 real estate investment trust (REIT) Stockland. So far today, a notable 13.69 million Stockland units have been exchanged on the ASX boards. There’s been no news out of this ASX 200 REIT itself today.

However, the Stockland unit price has had a bit of a rough time of it today. At present, Stockland is down by a nasty 2.62% at $4.46 a unit, well underperforming the broader market. It seems that this rather steep fall is what’s behind this high volume that we are seeing.

Pilbara Minerals Ltd (ASX: PLS)

Next up we have a more familiar face in Pilbara Minerals. Today’s session has seen a sizeable 21.78 million Pilbara shares swap hands as it currently stands. This looks like it is a result of Pilbara’s market-defying gains.

This lithium producer, like most of its peers, is comfortably in the green so far this Tuesday. Pilbara shares are presently up by 1.41% at $4.66. As we covered earlier today, the strength in the ASX lithium space seems to be due to optimism that lithium prices might be on the rebound.

Sayona Mining Ltd (ASX: SYA)

Another ASX 200 lithium stock in Sayona Mining rounds out our top three most traded shares this Tuesday. In Sayona’s case, investors have watched as a chunky 26.81 million shares have been bought and sold today. However, unlike Pilbara, it hasn’t been all smooth sailing for Sayona.

This lithium share has spent time in both positive and negative territory this session, going as high as 20.6 cents a share and as low as 19.8 cents. At present, the company has met the middle and is trading flat at 20 cents. All of this bouncing around probably explains why so many Sayona shares are soaring around the share market.

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

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More reading

• Why Arafura Rare Earths, Imugene, Pilbara Minerals, and Worley are charging higher
• What’s with ASX 200 lithium stocks today?
• No savings at 40? Here’s how I’d aim to build a passive income of $3,000 a month
• What’s going wrong for ASX 200 share A2 Milk today?
• Down 25% in a year, why this fundie thinks you should buy Sayona Mining shares now

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 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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