ASX 200 shares have had a wild ride in 2020 with the S&P/ASX 200 Index (ASX: XJO) slumping 13.47% lower.

However, it hasn’t been all bad news with some companies surging in value. While I think the ship has sailed on some ASX growth shares like Afterpay Ltd (ASX: APT), there are still some Aussie companies I’d like to buy.

Here are a few at the top of my watchlist as we head into June 2020.

3 ASX 200 shares I’d like to buy today

I don’t mind a bit of a speculative play in a diversified portfolio and that’s where Woodside Petroleum Limited (ASX: WPL) comes in.

I think the geopolitics and ongoing oil price war will make the Woodside Petroleum share price volatile in 2020. The Aussie oil producer’s shares are down 33.8% this year but where there is risk there is potential reward.

OPEC+ has slashed production in recent months and the global economy is starting to hum back to life. That’s good news for Woodside with higher demand for oil and energy expected over the coming months.

For a less speculative play, I think Westpac Banking Corp (ASX: WBC) is worth a look. The ASX 200 bank share has fallen 27.86% lower this year but could be in the buy zone.

We know Westpac has had its fair share of issues over the last 12 to 18 months and I think a share price correction is justified given the uncertainty created by the coronavirus pandemic. We could also see real estate come under pressure and further writedowns.

Having said that, the share market is inherently forward-looking. Also, Westpac is still churning out billion-dollar profits. I think it will continue to be a strong ASX 200 dividend share if I’m investing for the next decade.

Finally, Domain Holdings Australia Ltd (ASX: DHG) is definitely on my list of cheap shares I’d buy today.

Many Aussies are hoping to see a property correction in 2020 before buying into the market. However, I’m not so sure this will happen. There is a lot of support for owner-occupiers and property investors right now. While we might see the market adjust slightly in September, I still think listings will recover which will be good news for this ASX 200 media share.

Foolish takeaway

These are just a few themes that I think are going to impact ASX 200 shares in 2020. That being said, it’s important to be strategic with your investments and make sure you’re looking at the next 10 years rather than the next 10 weeks.

More reading

• Ready to invest your first $1,000? Try these 2 ASX shares
• Should you worry about geopolitical events in investing?
• ASX 200 down 1.2%: Westpac tumbles, Appen reaffirms guidance, Costa CEO to retire
• Why Costa, Freedom Foods, Sonic, & Westpac shares are tumbling lower
• Will the Wesfarmers share price climb higher in 2020?

Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of AFTERPAY T FPO. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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 RTG Mining Inc. (ASX: RTG) share price skyrocketed this morning to be up by as much as 124.64% in early trade. At the time of writing, the small-cap ASX mining share is sitting 81.16% higher for the day at 12.5 cents per share. 

RTG Mining is a mining and exploration company dual-listed on both the ASX and Toronto Stock Exchange. The company has built 7 gold mines in 5 countries on 3 continents and is currently focused on progressing its 8th development project, Mabilo, a high-grade copper-gold mine in the Philippines.

The Mabilo Project is currently in the final stages of permitting and near-term production is anticipated.

Why the RTG Mining share price has gone through the roof

This morning, RTG Mining announced that Mt Labo Exploration and Development Corporation, which holds the Mabilo Project, has been granted a mining license. 

The Mines and Geosciences Bureau (MGB) has approved the expansion of the current Mineral Production Sharing Agreement for the Nalesbitan Project (another RTG project with “excellent” copper porphyry potential) to include the Mabilo Project.

As a result, the Mabilo Project has been granted a Declared Mine Feasibility Study and Environmental Clearance Certificate.

“Mt. Labo has been working closely over an extended period with the MGB to secure this important milestone for the project and is deeply appreciative of the considerable effort and support provided by the MGB,” the announcement read.

Recent capital raising

Today’s update comes on the back of a capital raising that was announced last week. RTG Mining received commitments to raise approximately US$6 million (~A$9.2 million) in a private placement to Australian and international institutional and sophisticated investors – priced at 5.7 cents per share.

The proceeds of the placement will be used to continue to support the advancement of the Mabilo Project towards start-up, and also pursue new potential business development opportunities. Additionally, RTG Mining will use the funds to partially repay its corporate loan facility.

More reading

• Ready to invest your first $1,000? Try these 2 ASX shares
• Should you worry about geopolitical events in investing?
• 3 cheap ASX 200 shares I’d buy today
• ASX 200 down 1.2%: Westpac tumbles, Appen reaffirms guidance, Costa CEO to retire
• The best performing ASX 200 stock today may have more room to climb

Motley Fool contributor Cathryn Goh has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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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At lunch on Friday the S&P/ASX 200 Index (ASX: XJO) is on course to end the week with a day in the red. The benchmark index is down 1.2% to 5,779.5 points.

Here’s what has been happening on the market today:

Big four banks tumble.

After a series of exceptionally strong gains, the big four banks have run out of steam on Friday. All four banks are trading lower and acting as a major drag on the ASX 200’s performance today. The worst performer in the group is the Westpac Banking Corp (ASX: WBC) share price with a 5% decline. However, its shares are still up over 16% since the start of the week.

Appen annual general meeting update.

The Appen Ltd (ASX: APX) share price is trading flat after releasing its annual general meeting presentation. The artificial intelligence company advised that it has orders in hand of $350 million year to date. This compares to its revenue of $536 million in FY 2019. As a result, it has reaffirmed its guidance in FY 2020. It expects to grow its operating earnings to between $125 million and $130 million.  

Costa CEO to retire.

The Costa Group Holdings Ltd (ASX: CGC) share price has come under pressure today after the horticulture company dropped a bombshell at its annual general meeting. Costa revealed in its annual general meeting update that its long-serving CEO intends to retire within the next nine months after over 10 years leading the company. Costa also advised that the majority of its produce was in demand and receiving favourable prices. Though, it did warn on increasing operating costs relating to the pandemic.

Best and worst ASX 200 performers.

The Austal Limited (ASX: ASB) share price is the best performer on the ASX 200 on Friday with a 9% gain. This morning the ship builder increased its profit guidance for FY 2020. The worst performer has been the Virgin Money UK PLC (ASX: VUK) share price with a 9% decline. Profit taking in the banking sector is weighing on the UK bank’s shares.

More reading

• Ready to invest your first $1,000? Try these 2 ASX shares
• 3 cheap ASX 200 shares I’d buy today
• The best performing ASX 200 stock today may have more room to climb
• Appen share price falls after positive update fails to impress
• Why Costa, Freedom Foods, Sonic, & Westpac shares are tumbling lower

James Mickleboro owns shares of Westpac Banking. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Austal Limited. The Motley Fool Australia owns shares of and has recommended COSTA GRP FPO. The Motley Fool Australia owns shares of Appen Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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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