It was a somewhat volatile but ultimately positive return to trading for the S&P/ASX 200 Index (ASX: XJO) and many ASX shares this Monday. After last Friday’s euphoric end to the trading week, investors seemed to have come back from the weekend with that mindset mostly intact.

Although the ASX 200 did briefly dip into negative territory at one point this session, it ended up closing a comfortable 0.44% higher. That leaves the index at 8,845.7 points.

This happy start to the trading week for the Australian markets came after a far more negative conclusion to the American trading week on Saturday morning (our time).

The Dow Jones Industrial Average Index (DJX: .DJI) had a rough time, falling 0.34%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) was much worse though, dropping 2.14%.

Let’s get back to this week and our local markets now and take a closer look at what the various ASX sectors were up to today.

Winners and losers

Despite today’s broader market optimism, there were still a few sectors that were left out.

Leading those losers were tech stocks. The S&P/ASX 200 Information Technology Index (ASX: XIJ) was left out in the cold, tumbling 1.31%.

Gold shares were no safe haven either, with the All Ordinaries Gold Index (ASX: XGD) diving 0.68%.

Consumer discretionary stocks were also unlucky. The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) saw its value cut by 0.2%.

Real estate investment trusts (REITs) were also in that ballpark, as evidenced by the S&P/ASX 200 A-REIT Index (ASX: XPJ)’s 0.19% dip.

Our final losers this Monday were consumer staples shares. The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) slid 0.08% lower.

Let’s turn to the winners now. Leading said winners were energy stocks, with the S&P/ASX 200 Energy Index (ASX: XEJ) galloping 2.21% higher.

Financial shares also ran hot. The S&P/ASX 200 Financials Index (ASX: XFJ) surged by 0.86% today.

Industrial stocks followed financials, illustrated by the S&P/ASX 200 Industrials Index (ASX: XNJ)’s 0.83% jump.

Utilities shares did decently too. The S&P/ASX 200 Utilities Index (ASX: XUJ) closed up 0.38%.

Communications stocks didn’t miss out, with the S&P/ASX 200 Communication Services Index (ASX: XTJ) lifting 0.21%.

Healthcare shares managed a rise. The S&P/ASX 200 Healthcare Index (ASX: XHJ) finished the day with an extra 0.14%.

Finally, mining stocks just got over the line, as you can see by the S&P/ASX 200 Materials Index (ASX: XMJ)’s 0.11% bump.

Top 10 ASX 200 shares countdown

Taking out the crown this Monday was waste management stock Cleanaway Waste Management Ltd (ASX: CWY). Cleanaway shares rocketed up 10.24% today to close at $2.97 each.

This followed the news that the company has entered into a takeover scheme with EQT Infrastructure.

Here’s the rest of today’s best:

ASX-listed company	Share price	Price change
Cleanaway Waste Management Ltd (ASX: CWY)	$2.97	20.24%
Challenger Ltd (ASX: CGF)	$11.75	19.29%
Ingenia Communities Group (ASX: INA)	$4.24	7.07%
New Hope Corporation Ltd (ASX: NHC)	$6.18	5.82%
Yancoal Australia Ltd (ASX: YAL)	$6.29	5.71%
Whitehaven Coal Ltd (ASX: WHC)	$7.93	5.17%
Charter Hall Group (ASX: CHC)	$19.35	4.54%
Beach Energy Ltd (ASX: BPT)	$0.905	4.02%
Karoon Energy Ltd (ASX: KAR)	$1.75	3.87%
AMP Ltd (ASX: AMP)	$2.47	3.78%

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.

More reading

• Up 20%: Has the EQT deal saved Cleanaway shares?
• Cleanaway Waste Management enters $9.3bn Scheme with EQT Infrastructure
• Challenger confirms $11.80 per share takeover proposal
• New Hope to create $6.3bn coal group with Malabar merger
• 5 things to watch on the ASX 200 on Monday

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 recommended Challenger. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Deep Yellow Ltd (ASX: DYL) shares have fallen even further into the red in Monday afternoon trade.

At the time of writing, the ASX uranium development company’s shares are down just over 6.5% for the day, and trading at 77 cents a piece.

At one point this morning, the shares were changing hands as low as 76 cents.

That’s the lowest price Deep Yellow shares have traded at over the past three years.

The shares have now fallen around 43% over the past month alone, and they’re down 61% year to date.

Why have the ASX shares hit a multi-year low today?

There hasn’t been any price-sensitive news out of Deep Yellow today to explain the latest share price slide. Instead, it looks most likely that today’s tumble is the result of the company’s latest ASX announcement.

On Friday last week, Deep Yellow said it has delayed the construction decision for Tumas because current equity market conditions do not support raising the capital needed to transition the project into construction in the fourth quarter of 2026.

The uranium developer’s early construction work and contracting will continue, but investors are likely concerned about whether the company can secure a viable funding route for Tumas.

The shares actually climbed around 1% at the close of the ASX on Friday afternoon. But it looks like over the weekend, investors digested the news and raised concerns about the structural and long-term implications of the update.

The news comes at a time when Deep Yellow is already facing share price pressure.

Rising bond yields and higher interest rates have acted as strong headwinds for ASX uranium shares over the past year. Uranium developers like Deep Yellow need upfront capital, and it takes several years to become profitable. Investors have also been rotating towards more stable or defensive assets in times of volatility.

It’s not just Deep Yellow shares that have fallen over the past week; other uranium shares have also been hit by the same headwinds and are falling today.

Here’s why I think Deep Yellow shares are a bargain buy

It’s understandable that the company’s latest Tumas update has spooked investors.

But I still see some potential upside for the ASX shares. 

Beyond its Tumas project in Namibia, the company also has several other key projects and exploration plans.

Deep Yellow is also in a pre-construction and study phase at its Mulga Rock project in Western Australia. The site is one of the largest undeveloped uranium projects in Australia.

The company is also undertaking drilling programs at its Alligator River Project in the Northern Territory, and its Omahola Project in Namibia.

The company is financially strong too. 

Deep Yellow holds a strong liquidity position supported by substantial cash reserves and minimal debt. As part of its latest quarterly activity report, Deep Yellow confirmed that it has cash and cash equivalents of A$160.0 million as of the 30th June 2026.

I see the latest share price declines as mostly driven by poor sentiment, a lack of confidence, and sector-wide headwinds. When these headwinds reverse, I think the company’s shares could rebound quickly.

What do the experts tip for the uranium shares next?

The experts are also bullish that we’ll see a strong upside ahead.

Market Index data shows that the majority of brokers have a buy rating on Deep Yellow shares. The $2.25 average target price implies an impressive upside of around 193% for the ASX shares over the next 12 months, at the time of writing.

The post I think this ASX share is a bargain buy after hitting a 52-week low: Here's why appeared first on The Motley Fool Australia.

More reading

• Deep Yellow updates on Tumas project progress, delays FID
• Own ASX mining shares? Official forecasts show commodity prices peaking in FY27
• Here are the top 10 ASX 200 shares today
• 3 ASX shares tipped to fly 109% to 322% higher
• Buy, hold, sell: Deep Yellow, SGH, Telstra shares

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.

One of the big pieces of news to kick off the ASX trading week this Monday has been the announcement that waste management stock Cleanaway Waste Management Ltd (ASX: CWY) has entered into a Scheme Implementation Deed. This will see Cleanaway shares acquired in full by EQT Infrastructure.

As my Fool colleague Laura covered this morning, the deal proposes that EQT will acquire Cleanaway shares for a price of $3.095 in cash per share, representing a 34.5% premium to the three-month value-weighted average price of the company.

Although this news is still fresh, it seems that Cleanaway and the markets are treating it as a done deal. Cleanaway’s board has given the proposal the green light, stating “the Board is unanimous in its view that the Scheme delivers strong and certain cash value to shareholders, at a significant premium to Cleanaway’s undisturbed share price”. The board is unequivocally recommending that shareholders vote for the scheme.

The market has also seized the news with gusto, with Cleanaway shares currently up a stinking 20.05% at $2.96 each. Of course, that is not quite at the $3.095 that is on the table. But it is still a long way from the $2.47 Cleanaway shares closed at last Friday.

Those market watchers looking at this 20% jump in the Cleanaway share price today might understandably assume it is a windfall for shareholders. It certainly is for investors who picked up Cleanaway shares at recent prices. Anytime in the past 12 months, really, given the company hit a new 52-week high of $2.99 today. However, it’s not really enough to save longer-term investors who have been holding on to this stock.

A 20% jump can’t save Cleanaway shares

One might assume that a stock like Cleanaway has been a sure bet. After all, this is the largest waste management service provider in the country. Waste management is an essential service that is almost entirely immune from the economic cycle. As a functioning society, it goes without saying that we need to collect, process, and remove our rubbish, garbage, and waste regularly. That’s regardless of whether inflation is high or low, or whether the economy is booming or busting.

That should, at least in theory, give Cleanaway a permanent tailwind. That, unfortunately, has not been the lived experience of Cleanaway’s investors. This is an ASX 200 stock that just never seems to go anywhere. To illustrate, today’s 20% jump merely raises Cleanaway shares back up to where they were all the way back in April of 2022. Any investors who bought back then have simply traded water eer since. Even the company’s dividends (today yielding about 2.3%) wouldn’t have made a huge dent in that miserly performance.

Looking through this lens may explain why EQT Infrastructure is happy to pay $3.095 per Cleanaway share. This company’s long-term shareholders may not be delighted with the price that is on offer from the takeover. However, they may just relish the opportunity to get out of this stock anyway.

The post Up 20%: Has the EQT deal saved Cleanaway shares? appeared first on The Motley Fool Australia.

More reading

• Cleanaway Waste Management enters $9.3bn Scheme with EQT Infrastructure
• 5 things to watch on the ASX 200 on Thursday
• Here are the top 10 ASX 200 shares today
• Buy, hold, sell: New Hope, Cleanaway Waste Management, NextDC shares

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.