The PEXA Group Ltd (ASX: PXA) share price will in focus on Wednesday after the company updated investors on its response to IPART’s draft report into ELNO service fees.

Key highlights include confirmation of 4.2 million Australian Exchange transaction volumes for FY26 and expectations for a fall in volumes in FY27 due to macroeconomic conditions.

What did PEXA Group report?

• PEXA recorded 4.2 million Exchange transaction volumes in FY26, comprising 2.67 million transfers, 0.97 million refinances, and 0.55 million other transactions.
• July 2026 transfer volumes reached approximately 192,000.
• PEXA has not yet confirmed its FY26 financial results or FY27 guidance; these are due to be released on 28 August 2026.
• PEXA expects transaction volumes to decline in FY27 as a result of recent macroeconomic changes.

What else do investors need to know?

PEXA has formally lodged its submission in response to the Independent Pricing and Regulatory Tribunal (IPART)’s draft report on ELNO service fees. This response includes several independent expert reports commissioned by PEXA, offering alternative methodologies for assessing digital platform service fees and rates of return.

The outcome of the IPART review could impact how electronic lodgment service fees are set in future, with the NSW Government expected to receive the final report by the end of September 2026. Once received, the report will be referred to ARNECC, which will conduct additional consultations and determine next steps—a process that may take several months.

What’s next for PEXA Group?

PEXA will release its full FY26 results and provide guidance for FY27 on 28 August 2026. Management also plans to discuss the ongoing review of ELNO service fees and other strategic priorities on its investor call. The company’s volume outlook remains cautious into FY27 as it navigates macroeconomic headwinds and regulatory changes.

Longer term, PEXA continues its strategy of expanding its digital property settlement platform both domestically and in the UK, building on recent launches and capabilities.

PEXA Group share price snapshot

The PEXA Group share price has been among the worst performers on the S&P/ASX 200 index (ASX: XJO) over the past 12 months with a decline of around 50%.

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The post PEXA Group updates market on FY26 volumes and responds to fee review appeared first on The Motley Fool Australia.

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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. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

It was a bumpy, but ultimately negative Tuesday session for the S&P/ASX 200 Index (ASX: XJO) and many ASX shares today. After spending almost the entire session in green territory, investors seemed to get cold feet in the late afternoon. By the time the markets closed, the ASX 200 had choked, closing 0.035% lower. That leaves the index at a flat 9,070 points.

It seems the weekend wasn’t enough to bring some optimism to investors’ minds, with the ASX 200 opening sharply lower this morning and staying in red territory all day. By the time trading wrapped up, the index had lost 0.46% and finished at 9,073.2 points.

This miserly finish for the Australian markets this Tuesday followed a rough start to the American trading week on Wall Street last night (our time).

The Dow Jones Industrial Average Index (DJX: .DJI) was not feeling Monday-fresh, dropping 0.51%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) fared slightly better, but still fell 0.32%.

But let’s get back to our local markets now and take stock of what the various ASX sectors were up to this session.

Winners and losers

With the market’s falls, there were unsurprisingly more red sectors than green ones today.

Leading those red sectors were gold stocks. The All Ordinaries Gold Index (ASX: XGD) had a rough one, cratering by 1.57%.

Communications shares weren’t popular either, with the S&P/ASX 200 Communication Services Index (ASX: XTJ) plunging 1.26%.

We could say the same for consumer staples stocks. The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) saw a 1.16% dive this session.

Financial shares weren’t much better, evident from the S&P/ASX 200 Financials Index (ASX: XFJ)’s 1.1% wipeout.

Consumer discretionary stocks came next. The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) suffered a 1.03% reduction this Tuesday.

Tech shares were right behind that, with the S&P/ASX 200 Information Technology Index (ASX: XIJ) dipping 1.02%.

Industrial stocks had a day to forget, too. The S&P/ASX 200 Industrials Index (ASX: XNJ) endured a 0.75% dip today.

Let’s turn to the winners now. Leading the charge were healthcare shares, illustrated by the S&P/ASX 200 Healthcare Index (ASX: XHJ)’s whopping 7.81% surge. We can thank CSL Ltd (ASX: CSL) for that.

Energy stocks enjoyed some time in the sun too. The S&P/ASX 200 Energy Index (ASX: XEJ) jumped up 0.99% today.

Utilities shares also got a reprieve, with the S&P/ASX 200 Utilities Index (ASX: XUJ) advancing 0.89%.

Mining stocks were another safe haven. The S&P/ASX 200 Materials Index (ASX: XMJ) rose 0.15% by the closing bell.

Finally, real estate investment trusts (REITs) got in under the wire, as you can see by the S&P/ASX 200 A-REIT Index (ASX: XPJ)’s 0.05% inch higher.

Top 10 ASX 200 shares countdown

Our winner this session was manufacturing stock Reliance Worldwide Corporation Ltd (ASX: RWC).

Reliance shares exploded 24.65% higher today to close at $4.50 each. This came after the company posted its latest earnings, which included the revelation that it had received a takeover offer.

Here’s how the other winners pulled up at the kerb:

ASX-listed company	Share price	Price change
Reliance Worldwide Corporation Ltd (ASX: RWC)	$4.50	24.65%
CSL Ltd (ASX: CSL)	$157.82	17.25%
Judo Capital Holdings Ltd (ASX: JDO)	$1.07	16.94%
Pro Medicus Ltd (ASX: PME)	$196.75	11.88%
SRG Global Ltd (ASX: SRG)	$3.96	9.39%
A2 Milk Company Ltd (ASX: A2M)	$7.09	8.58%
Cochlear Ltd (ASX: COH)	$10.32	6.50%
Challenger Ltd (ASX: CGF)	$10.32	6.50%
Beach Energy Ltd (ASX: BPT)	$0.905	3.43%
Deterra Royalties Ltd (ASX: DRR)	$4.35	3.08%

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 positions in CSL. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL and Cochlear. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Pro Medicus. The Motley Fool Australia has recommended CSL, Challenger, Cochlear, Pro Medicus, and Srg Global. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

When you see a popular ASX dividend stock trade with a dividend yield of almost 10%, you might be tempted to rush out and buy it straight away. After all, a 10% yield represents phenomenal cash flow potential. You could get nearly $10 back every single year for each $100 invested. That’s twice what a good term deposit is paying right now (even with our currently high interest rates). And it’s more than two what most other blue chip ASX dividend stocks are yielding.

The popular ASX dividend stock I am referring to is none other than WAM Capital Ltd (ASX: WAM). Yep, WAM Capital shares are, at the time of writing, asking $1.58 a share. At this price, the listed investment company (LIC) is trading on a dividend yield of 9.84%. Today, let’s discuss this dividend yield, and why yields at this height are usually a waving red flag.

As a LIC, WAM Capital owns and manages a portfolio of underlying investments on behalf of its shareholders. In WAM Capital’s case, this portfolio is made up of “undervalued growth companies”, usually of the small- to mid-cap variety, that WAM Capital has identified as possessing some kind of pricing catalyst that will see their value rise in the near future.

Some current holdings (as of 31 July) include Eagers Automotive Ltd (ASX: APE), Codan Ltd (ASX: CDA), DigiCo Infrastructure REIT (ASX: DGT), and Zip Co Ltd (ASX: ZIP).

WAM passes on any profits made from its arbitrage trades, as well as any dividends it receives from its holdings, on to investors in the form of its own dividends.

Why this ASX dividend stock’s near-10% yield is a red flag

A company’s dividend yield is a function of its share price just as much as its underlying dividend per share. As such, anyone who spots a company with a yield this high must ask themselves why the market is pricing it that way. The answer is usually that there is a high level of risk associated with that yield.

So where does the risk come from in the case of this particular ASX dividend stock? Well, let’s go through some numbers.

Since 2018, WAM Capital has paid out two dividends a year, each worth 15.5 cents per share. However, the company tells us that, again as of 31 July, it had just 13.3 cents per share in its profit reserve. That’s the pot where its dividends are funded from. There’s clearly not much left in the tank. If WAM Capital doesn’t replenish those profits soon, investors are at serious risk of a dividend cut. If that does eventuate, that 9.84% yield wouldn’t be long for this world.

This company doesn’t exactly have a glowing history either. For whatever reason, WAM no longer lists its recent performance figures on its site. However, a quick look at its share price will tell you all you need to know. Today, WAM Capital shares are trading at the same level they were way back in early 2002. Over the past decade, its share price has lost about a third of its value, probably not assisted by the company’s rather hefty 1% per annum management fee.

Foolish takeaway

That tells us that its dividends are the only real source of shareholder returns. Given the apparent precariousness of these payouts, it’s not hard to see why the market is pricing in so much risk to that yield.

Sometimes, a yield that looks too good to be true just might be that. Investors should always tread with extreme caution when red flags this large are waving in the wind.

The post This popular ASX dividend stock has a 10% yield. That’s a problem 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 no position in any of the stocks mentioned. The Motley Fool Australia has recommended Eagers Automotive Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.