The S&P/ASX 200 Index (ASX: XJO) endured a rough session this Tuesday, dragging the value of many ASX shares lower. After yesterday’s excited start to the trading week, investors were more cautious today, with the markets opening in red territory and staying there all day. By the time trading wrapped up, the ASX 200 had lost 0.33% of its value. That leaves the index at 8,816.9 points.

This disappointing Tuesday session for the local markets followed a mixed start to the American trading week in the early hours of this morning.

The Dow Jones Industrial Average Index (DJX: .DJI) wasn’t in a great mood after the weekend, losing 0.07% of its value.

However, things were far better for the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC), which rose a healthy 1.11%.

But let us return to ASX shares now and take stock of how the different ASX sectors performed this Tuesday.

Winners and losers

The hardest-hit corner of the market today was gold stocks. The All Ordinaries Gold Index (ASX: XGD) was no safe haven, plunging 1.52%.

Energy shares were also left out in the cold, with the S&P/ASX 200 Energy Index (ASX: XEJ) sinking 1.31%.

Mining shares weren’t much better. The S&P/ASX 200 Materials Index (ASX: XMJ) ended up tanking 1.16%.

Financial stocks found themselves in the firing line too, as you can tell from the S&P/ASX 200 Financials Index (ASX: XFJ)’s 0.48% dive.

Industrial shares were next. The S&P/ASX 200 Industrials Index (ASX: XNJ) dipped 0.17% this session.

Our last losers today were communications stocks, with the S&P/ASX 200 Communication Services Index (ASX: XTJ) retreating 0.12%.

Turning to our winners now, it was consumer staples shares that were the stars. The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) was on fire today, shooting 1.14% higher.

Healthcare stocks had a great time of it too, evidenced by the S&P/ASX 200 Healthcare Index (ASX: XHJ)’s 0.87% surge.

We can say something similar for consumer discretionary shares. The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) soared 0.76% this Tuesday.

Real estate investment trusts (REITs) were in a similar boat, with the S&P/ASX 200 A-REIT Index (ASX: XPJ) advancing 0.7%.

Utilities stocks weren’t too shabby either. The S&P/ASX 200 Utilities Index (ASX: XUJ) bounced up 0.49%.

Finally, tech stocks got over the line, illustrated by the S&P/ASX 200 Information Technology Index (ASX: XIJ)’s 0.36% uptick.

Top 10 ASX 200 shares countdown

Property stock Ingenia Communities Group (ASX: INA) was our top share this Tuesday. Ingenia stock rocketed 9.67% higher today to close at $4.65 a share.

This came after the company provided an update on its ongoing acquisition process.

Here’s how the other high-flyers landed their planes this session:

ASX-listed company	Share price	Price change
Ingenia Communities Group (ASX: INA)	$4.65	9.67%
Austal Ltd (ASX: ASB)	$4.18	6.91%
Cochlear Ltd (ASX: COH)	$139.40	5.17%
Orora Ltd (ASX: ORA)	$1.46	4.68%
Hub24 Ltd (ASX: HUB)	$67.08	3.89%
Domino’s Pizza Enterprises Ltd (ASX: DMP)	$22.01	3.82%
Generation Development Group Ltd (ASX: GDG)	$3.15	3.28%
Arena REIT (ASX: ARF)	$2.57	3.21%
TPG Telecom Ltd (ASX: TPG)	$3.83	2.41%
Telix Pharmaceuticals Ltd (ASX: TLX)	$15.76	2.34%

Our top 10 shares countdown is a recurring end-of-day summary that shows which companies made 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 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 Cochlear, Domino’s Pizza Enterprises, and Telix Pharmaceuticals. The Motley Fool Australia has recommended Cochlear, Domino’s Pizza Enterprises, Generation Development Group, Hub24, and Telix Pharmaceuticals. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The iron ore price is trading around a two-year low of US$90.95 per tonne on Tuesday, according to Trading Economics.

Iron ore has fallen 6.7% over the past month and 15.1% in the calendar year to date (YTD).

The iron ore price impacts the earnings and, thus, valuations of the major ASX 200 iron ore shares, but not as much as it used to.

That’s because three of the four majors have significantly diversified themselves, primarily into copper and/or lithium in recent years.

What’s happening with ASX 200 mining shares today?

The BHP Group Ltd (ASX: BHP) share price is $59.37, down 2.3% over the month and up 30% YTD.

The Rio Tinto Ltd (ASX: RIO) share price is $153.79, down 7.4% over the month and up 4% YTD.

Iron ore pure-play Fortescue Ltd (ASX: FMG) is $15.27 per share, down 8.6% over the month and down 31% YTD.

The Mineral Resources Ltd (ASX: MIN) share price is $44.64, down 16.3% over the month and down 19% YTD.

Experts say today’s new mining boom is substantially different to the 2000s because it’s led by critical minerals, not iron ore.

The iron ore price rose just 7% in FY26 while other metals and minerals relevant to the energy transition skyrocketed.

The outlook for the iron ore price over the next five years is rather bleak.

Iron ore price to tumble 20% over 5 years

The Federal Department of Industry, Science, and Resources has just published its 5-year outlook for commodities.

The department expects the iron ore price to average US$83 per tonne in FY27, down from US$92 per tonne in FY26.

Looking ahead, it expects the iron ore price to drop to an average US$72 per tonne in FY31.

That’s 21% lower than today.

The department says the primary force driving down the iron ore price will be changed supply and demand dynamics.

According to the department’s report:

Iron ore prices are forecast to fall as global supply rises and demand weakens.

This is expected to reduce Australia’s export earnings from $107 billion in 2026–27 to $96 billion in 2027– 28 and $79 billion by 2030–31 …

In 1H FY26, steel production weakened in China, which imports 75% of the world’s iron ore, as well as Russia, and the Middle East.

Steel production directly affects the iron ore price because iron ore is the main raw material used to make steel.

Meanwhile, the global supply of iron ore increased, particularly from Australia, Brazil, Guinea’s Simandou project, and South America.

Simandou is the world’s largest undeveloped high-grade iron ore deposit.

It is majority-owned by Chinese investors, but Rio Tinto also has a stake.

The department said:

Simandou mines in Guinea — Africa’s largest high-grade iron ore deposit — are beginning to add a more visible source of supply-side pressure to the global seaborne iron ore market.

Shipments from Simandou began to ramp up from the September quarter, with volumes expected to rise noticeably as mine, rail and port operations scale toward full capacity.

While the ramp-up is likely to be uneven, the arrival of high-grade Simandou ore adds to already ample global supply and, over time, could increase competitive pressure on higher-cost and lower-grade producers.

Between FY27 and FY31, the department forecasts gradually rising global supply and lower Chinese demand due to weaker steel output.

Australian iron ore export volumes are expected to peak over the next two years as new supply comes online.

Exports will then ease as China’s demand weakens and new supply from Africa and Brazil increases competition…

The department expects Australian iron ore export earnings to fall from $123 billion in FY26 to $79 billion in FY31.

That’s a 35% drop in five years.

This will be driven by a lower iron ore price, lower volumes, falling ore grades, and a stronger AUD/USD exchange rate.

Check out the official price forecasts for 9 other commodities, including copper and lithium, here.

The post Iron ore price set to tumble to US$72 per tonne. Here's why 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 recommended BHP Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

AMP Ltd (ASX: AMP) shares are down around 1% to $2.44 a piece at the time of writing.

The shares have now slid around 8% from a multi-year high of $2.66 late last month, but they’re still up 33% for the year-to-date and 36% higher than 12 months ago.

AMP shares rallied higher pretty consistently between March and September thanks to a rebound in investor sentiment. The company has managed to execute an operational turnaround this year, which means it has been able to improve its earnings and return some capital to shareholders.

The company has posted strong financial results, too. Over the course of the year, its assets under management (AUM) have climbed, its wealth business has improved, it has boosted its interim dividend, and it has also completed a series of share buybacks.

Last week, AMP provided investors with its third-quarter FY26 cash flow and business update. It confirmed that platforms net cash flows has increased 20% compared to the same quarter last year, superannuation and investment net cash outflows has improved year-on-year, and total AUM has now reached $168 billion across its Australian and New Zealand wealth business. 

The update follows the company’s first half FY26 results announcement in August. At the time, AMP announced a 33% increase in underlying NPAT for the first half of FY26, and an 8.2% year-on-year increase in AUM to $167.6 billion. Management credited its AUM growth to momentum in AMP’s wealth and retirement businesses.

Why are AMP shares sliding lower?

There isn’t any price sensitive news out of the company recently which would explain the latest selloff. 

It’s most likely a result of profit-taking investors selling up their shares after the late-September spike. 

AMP also traded ex-dividend in late-August. It’s common for a share price to decline following a dividend payment because new investors aren’t eligible for the payout.

Some broad economic headwinds, including September’s interest rate hike and higher inflation figures has also weighed down the ASX financial sector as a whole over the past month.

Can the shares surpass the multi-year high we saw last month?

It’s possible.

TradingView data shows that the majority (six out of nine) of analysts have a buy/strong buy rating on AMP shares.

The average $2.65 target price implies an upside of around 9%, at the time of writing. That’s just one cent shy from the $2.66 high that AMP shares reached in late-September.

But some are even more bullish that the financial services company’s shares could storm even higher.

The maximum $2.92 target price implies a 20% increase over the next 12 months, at the time of writing. The ASX stock last traded at around the $3 level back in October-2018.

The post What do brokers tip for AMP shares over the next 12 months? appeared first on The Motley Fool Australia.

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Motley Fool contributor Samantha Menzies 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.