It may have been a reasonably disappointing session for the All Ordinaries Index (ASX: XAO), but the same cannot be said for a couple of the index’s constituents.

Two ASX All Ords shares in particular stood out and were glowing a very bright green during today’s trade. Here’s what happened:

Deep Yellow Limited (ASX: DYL)

The Deep Yellow share price was up as much as 16% to a high of 65 cents on Wednesday despite there being no news out of the company.

However, as you can see on the chart below, the Deep Yellow share price is still down materially from its highs of last year.

Lotus Resources Ltd (ASX: LOT)

The Lotus Resources share price was another very strong performer on Wednesday, rising up to 18% to 22 cents at one stage.

Once again, this was despite there being no news out of the company.

So why are these ASX All Ords shares rocketing higher?

Well, recording very strong gains today is not the only thing the two ASX All Ords shares have in common. They both also provide investors with exposure to uranium.

And with analysts at Bank of America saying that there’s a bull market underway in uranium, investors appear to have been jumping in feet-first today.

This bull market looks set to be underpinned by governments around the world announcing or confirming commitments to include nuclear in their energy portfolios.

This is in an effort to create energy independence, as well as reduce their carbon footprint.

All this bodes well for Deep Yellow and Lotus Resources as they look to develop their uranium operations.

The good news for shareholders of Deep Yellow is that one leading broker appears to believe that more gains could be on the way.

Analysts at Bell Potter currently have a speculative buy rating and $1.05 price target on its shares. This implies over 60% upside for investors even after today’s heroics.

The post 2 ASX All Ords shares booming over 16% on Wednesday appeared first on The Motley Fool Australia.

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More reading

• Why Best & Less, Deep Yellow, Mirvac, and Syrah shares are falling today

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 S&P/ASX 200 Index (ASX: XJO) slumped on Wednesday, dropping 0.12% to close at 7,255.7 points.

Its day in the red came on the back of the 2023 federal budget, delivered on Tuesday night.

It included $14.6 billion of spending aimed at easing cost-of-living pressures. However, that might have increased the likelihood of further interest rate hikes, as my Fool colleague Bernd reports.

Back to the bourse, and the S&P/ASX 200 Health Care Index (ASX: XHJ) posted today’s biggest gain, lifting 1%.

But most sectors traded lower in today’s session. The S&P/ASX 200 Financials Index (ASX: XFJ) fell hardest, sliding 0.5%.

Meanwhile, the S&P/ASX 200 Energy Index (ASX: XEJ) and the S&P/ASX 200 Materials Index (ASX: XMJ) both dropped 0.3%.

Interestingly, however, it was an ASX 200 energy stock that led the market higher on Wednesday. Let’s take a look at today’s top performers.

Top 10 ASX 200 shares countdown

Uranium producer Paladin Energy Ltd (ASX: PDN) took out today’s top spot. Its share price gained 8.4% to close at 71 cents.

These shares made today’s biggest gains:

ASX-listed company	Share price	Price change
Paladin Energy Ltd (ASX: PDN)	$0.71	8.4%
Monadelphous Group Ltd (ASX: MND)	$13.30	3.5%
Telix Pharmaceuticals Ltd (ASX: TLX)	$10.95	3.3%
Lynas Rare Earths Ltd (ASX: LYC)	$7.57	3.27%
Life360 Inc (ASX: 360)	$5.68	2.9%
BrainChip Holdings Ltd (ASX: BRN)	$0.425	2.41%
Graincorp Ltd (ASX: GNC)	$7.10	2.16%
Core Lithium Ltd (ASX: CXO)	$1.02	2%
Ipd Education Ltd (ASX: IEL)	$27.15	1.91%
Incitec Pivot Ltd (ASX: IPL)	$3.27	1.87%

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

• Why Dicker Data, Ioneer, Monadelphous, and Weebit Nano shares are rising
• Why Appen, Bank of Queensland, Kogan, and Mayne Pharma shares are dropping
• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• Liontown share price cracks yet another all-time high on Wednesday
• Top broker tips 7 ASX 200 property-related shares to cash in on the 2023 budget

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 Idp Education and Life360. The Motley Fool Australia has recommended Idp Education. 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) is having another underwhelming session on Wednesday. In late trade, the benchmark index is down 0.2% to 7,247.2 points.

Four ASX shares that are not letting that hold them back are listed below. Here’s why they are racing higher:

Dicker Data Ltd (ASX: DDR)

The Dicker Data share price is up 6% to $8.82. This follows the release of the computer hardware and software distributor’s first-quarter update. For the three months ended 31 March, Dicker Data delivered a 14.7% increase in total revenue to $772.3 million and 6.7% lift in net profit before tax to $25.4 million.

Ioneer Ltd (ASX: INR)

The Ioneer share price is up 8.5% to 38.5 cents. This morning, this emerging lithium-boron producer announced a commercial offtake agreement partnership with Dragonfly Energy Holdings Corp (NASDAQ: DFLI). The agreement between the two Nevada-based companies is expected to provide Dragonfly with a domestic supply of lithium carbonate, a critical component in lithium iron phosphate battery cells.

Monadelphous Group Ltd (ASX: MND)

The Monadelphous share price is up 3% to $13.27. This appears to have been driven partly by a reasonably positive broker note out of Citi. According to the note, the broker has taken its sell rating off the engineering company’s shares and upgraded them to a neutral rating with an improved price target of $12.80.

Weebit Nano Ltd (ASX: WBT)

The Weebit Nano share price is up 8.5% to $7.57. This is despite there being no news out of the semiconductor company. This appears to have been driven by day traders and message board hype. Time will tell if Weebit Nano is yet another meme stock that investors eventually get burned with, but I wouldn’t bet against that happening.

The post Why Dicker Data, Ioneer, Monadelphous, and Weebit Nano shares are rising appeared first on The Motley Fool Australia.

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More reading

• Here’s why this ASX tech share is storming 6% higher on Wednesday
• These ASX income shares have very big forecast dividend yields
• 3 ASX lithium shares to buy right now: Wilsons
• 3 ASX 300 shares being bought up by insiders
• Brokers say buy these ASX dividend stocks for their big fully franked yields

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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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a small decline. At the time of writing, the benchmark index is down 0.2% to 7,251.1 points.

Four ASX shares that are falling more than most today are listed below. Here’s why they are dropping:

Appen Ltd (ASX: APX)

The Appen share price is down 27% to $2.33. Investors have been hitting the sell button in a panic after the artificial intelligence data services company released another disastrous update. For the first four months of FY 2023, Appen revealed that its revenue was down 21.4% to US$95.7 million and its constant currency underlying EBITDA was negative US$12.4 million. The latter compares to positive EBITDA of $7.9 million a year earlier.

Bank of Queensland Ltd (ASX: BOQ)

The Bank of Queensland share price is down 4.5% to $5.64. This has been driven by the regional bank’s shares trading ex-dividend this morning for its interim dividend. Eligible shareholders can now look forward to being paid this fully franked 20 cents per share dividend on 1 June.

Kogan.com Ltd (ASX: KGN)

The Kogan share price is down 4% to $4.29 despite there being no news out of the struggling online retailer. However, it is worth noting that Kogan was recently named among a group of companies that Jarden thinks could suffer from Amazon’s rampant rise in Australia.

Mayne Pharma Group Ltd (ASX: MYX)

The Mayne Pharma share price is down 9% to $3.74. This follows the release of an investor update this morning. Management warned that it now expects its key Nextstellis product to achieve its breakeven weekly run rate in the United States in the first half of 2024. However, it was pleased with the performance of the whole portfolio, which it notes is delivering steady revenue growth and positive contribution margin.

The post Why Appen, Bank of Queensland, Kogan, and Mayne Pharma shares are dropping appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• Are Appen shares finally cheap enough to buy following today’s nosedive?
• Liontown share price cracks yet another all-time high on Wednesday
• Top broker tips 7 ASX 200 property-related shares to cash in on the 2023 budget
• ASX 200 stock Technology One halted following cyber attack

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 Appen and Kogan.com. The Motley Fool Australia has positions in and has recommended Kogan.com. 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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