The industrials sector may not be the most exciting side of the market to invest.

But that doesn’t mean there aren’t exciting returns on offer from ASX industrials shares.

For example, the two ASX shares listed below have been named as buys by analysts at Bell Potter and tipped to rising strongly from current levels. They are as follows:

Cleanaway Waste Management Ltd (ASX: CWY)

The first ASX industrials share that has been given the thumbs up is Cleanaway Waste Management. As its name implies, it is one of Australia’s leading waste management companies with a footprint of over 330 sites, 6,100 trucks, and 7,500 employees.

Bell Potter is feeling positive about the company’s outlook and appears optimistic it can achieve its Mission 500 EBIT goals. It explains:

We think visibility on CWY’s Mission 500 EBIT target by FY26e has recently lifted, with management having secured work in new end markets (e.g. Vic CDS, O&G, FOGO), shown early Operational Excellence delivery in NSW Solids, and proven a focus on pricing and mix discipline in landfills. At the time of writing, CWY’s trading discount (EV/EBITDA) to its US peer group has also recently opened to more than a standard deviation below the 5-year average at ~30% (vs. 22% 5-yr average) and as such we believe screens relative value at current levels.

The broker currently has a buy rating and $3.15 price target on its shares. This implies potential upside of 16% for investors.

IPD Group Ltd (ASX: IPG)

Another ASX industrials share that could be a buy is IPD Group. It is a distributor of electrical equipment and industrial digital technologies.

Bell Potter believes the company is well-positioned to benefit greatly from the electrification megatrend. It explains:

Electrification continues to present as a dominant market narrative and IPD Group is strongly leveraged to this growth trend through its supply of ‘low voltage’ electrical equipment that reduces the energy use of buildings and infrastructure. Pleasingly, the bulk of IPD’s earnings growth continues to be driven organically and, notwithstanding some softness emerging in commercial construction end markets, we think that FY25 is shaping up to be another year of outperformance for the group. Favorable considerations should include continued ABB market share wins, a strong project pipeline for CMI Operations, a growing presence in data centers, and an Australian EV charging market that looks to us like it is on the precipice of finally breaking through. IPD trades on a below peer average FY25e EV/EBITDA of ~9x with, in our view, a superior growth profile.

It has a buy rating and $5.60 price target on its shares. This suggests that upside of 15% is possible over the next 12 months.

The post Bell Potter names the best ASX industrials shares to buy in FY25 (for big returns) appeared first on The Motley Fool Australia.

More reading

• 2 ASX shares to benefit from anticipated power shortages
• Here are the top 10 ASX 200 shares today
• Why Cleanaway, IGO, Myer, and Premier Investments shares are pushing higher
• ASX industrial stock rallying amid $110 million acquisition with ‘valuable efficiencies’
• 5 top ASX growth shares to buy in June

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 Ipd Group. The Motley Fool Australia has positions in and has recommended Ipd Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

S&P/ASX All Ords (ASX: XAO) shares rose by 0.54% in June.

It’s interesting to see a very large number of ASX All Ords shares upgraded by market analysts on CommSec last month.

The ASX All Ords is made up of 500 stocks, and 80 were upgraded to strong buy ratings in June.

That’s a lot!

Let’s take a look at some of them.

9 ASX All Ords shares lifted to strong buy ratings

Aristocrat Leisure Limited (ASX: ALL)

This ASX All Ords gaming share is trading at $50.29 on Tuesday, up 0.5%.

It has risen 28.8% over the past year and hit a new 52-week high of $50.44 in earlier trading.

Citi analysts are very positive on the stock and have a 12-month share price target of $53 on it.

There was no price-sensitive news from the company last month.

Computershare Ltd (ASX: CPU)

This ASX All Ords industrial share is currently $26.36, down 0.42% today and up 12.5% over the past year.

The Computershare share price hit a 52-week high of $28.44 in April.

There was no price-sensitive news from the ASX All Ords company last month.

Telix Pharmaceuticals Ltd (ASX: TLX)

This ASX All Ords healthcare share is changing hands for $18.27 per share, up 1.02% today.

Telix shares are up 64.3% over the past year. They hit a 52-week high of $19.06 last month.

Bell Potter says buy and gives the stock a 12-month share price target of $19. 

Last month the company reported on progress for the approval for its kidney cancer imaging agent with the United States Food and Drug Administration (FDA).

Telix also dumped its plans for a NASDAQ listing last month.

Suncorp Group Ltd (ASX: SUN)

This ASX All Ords financial share is slightly in the red today at $17.12, down 0.058%.

The Suncorp share price got a big boost last week when the Federal Treasurer green-lighted the sale of its banking division to Big Four bank ANZ Group Holdings Ltd (ASX: ANZ). 

Suncorp shares are up 27.5% over the past year and reached a 52-week high of $17.73 last week.

Nextdc Ltd (ASX: NXT)

This ASX All Ords technology share is certainly riding the artificial intelligence tailwind.

The CEO of data centre-as-a-service operator, Craig Scroggie, described AI as “the fourth industrial revolution” in a recent interview published on asx.com.au.

The NextDC share price is $17.47 on Tuesday, down 0.14% today and up 41% over the past year.

It hit a 52-week high of $18.50 last month.

Morgans has an add rating on Nextdc with a $19 price target on its shares. Morgan Stanley has an overweight rating with a $20 price target.

There was no price-sensitive news from the company last month.

Nick Scali Limited (ASX: NCK)

This ASX All Ords consumer discretionary share is trading at $13.26, down 0.14% today.

Nick Scali shares are up 44% over the past year. They hit a 52-week high of $16.03 in April.

There was no price-sensitive news from the furniture company last month.

Corporate Travel Management Ltd (ASX: CTD)

The Corporate Travel share price is $13.30, down 1.12% today and down 25.8% over the past year.

This ASX All Ords travel share hit a 52-week high of $21.49 in January but has sunk lower since.

My colleague Tristan reckons the travel share could be the “bargain of the year“.

There was no price-sensitive news from the company last month.

Champion Iron Ltd (ASX: CIA)

The Champion Iron share price is $6.44, down 1.08% today and up 8% over the past year.

This ASX All Ords iron ore share hit a 52-week high of $8.75 in January.

Broker Macquarie raised its rating to outperform last month with a $7.90 price target.

There was no price-sensitive news from Champion Iron last month.

Beacon Lighting Group Ltd (ASX: BLX)

The Beacon Lighting share price is $2.45, down 2% today and up 51.2% over the past year.

The ASX All Ords share hit a 52-week high of $3.09 in April.

There was no price-sensitive news from the company last month.

The post 9 ASX All Ords shares lifted to ‘strong buy’ consensus ratings in June appeared first on The Motley Fool Australia.

More reading

• I’d buy these 2 top ASX growth shares in a heartbeat
• These were the five best ASX bank shares to own in FY24
• What this expert predicts will be the best-performing ASX sectors in FY25
• Leaders and laggards of the ASX market sectors in FY24
• Top ASX shares to buy in July 2024

Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor Bronwyn Allen has positions in Anz Group, Macquarie Group, and Nick Scali. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Corporate Travel Management, Macquarie Group, and Telix Pharmaceuticals. The Motley Fool Australia has positions in and has recommended Corporate Travel Management and Macquarie Group. The Motley Fool Australia has recommended Nick Scali and Telix Pharmaceuticals. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Here at the Motley Fool, we’ve discussed DroneShield Ltd (ASX: DRO) shares quite a lot over the past 12 months. That’s fair enough. Droneshield has been one of the All Ordinaries Index‘s (ASX: XAO) most conspicuous outperformers in recent history.

This is, after all, a company that has exploded by 660% since this time last year. And investors are looking at a 360% return over 2024 to date alone.

Of course, Droneshield shares’ ascent has not come unprompted. This aerial defence solutions company has been posting some outstanding numbers in recent months. Investors were chuffed to see Droneshield reveal its first-ever profit back in February, covering the 2023 calendar year.

This saw the company post a 226% rise in revenues to $55.1 million. That was in addition to the maiden profit after tax of $9.3 million, which was a pleasing swing from the previous year’s $900,000 loss.

Then, in April, Droneshield further delighted investors with its quarterly cash flow report. This report showed the company posting ten times more revenue over the three months to 31 March 2024 than it did in the same quarter last year – an increase from $1.6 million to $16.4 million.

So you can understand why Droneshield shares have been such enthusiastic winners in recent months.

But perhaps it’s time for Droneshield shares to move over. There’s another ASX defence stock that has also exploded in value in recent months. Time to check out the AML3D Ltd (ASX: AL3) share price.

AL-who? Could this share be the next Droneshield?

AML3D is a defence company that uses 3D printing technology to enable the production of large-scale and diversified parts manufacturing.

The AML3D share price has also had a time to remember over the past few months. Back in early April, you could have picked up AML3D shares for just 5 cents each. But today, those same shares are going for 10 cents a pop, meaning AML3D had rocketed by 100% in just three months.

Over the past month alone, ALM3D shares are up 67%.

Excitement over AML3D began building in February this year, when the company revealed that its revenues for the half-year ended 31 December rose by a whopping 936% to $1.51 million. That was up from just $146,115 for the prior corresponding half in 2022.

Following that revelation, AML3D reported a new $350,000 contract with the Australian Government for a six-part nozzle assembly in May. This was followed by news of a $1.54 million order from the United States Department of Defence later that month.

Last month, the company announced that it had received another $1.12 million in the form of a grant from the South Australian Economic Recovery Fund in order to help develop AML3D’s proprietary metal 3D printing technology.

Everything seems to be going AML3D’s way lately. That brings us to today. This Tuesday, there has been another announcement out of AML3D. This one told investors that AML3D has booked a $1.1 million sale of its ARCEMY system to Laser Welding Solutions (LWS), a component supplier to the US Navy.

According to the company, “LWS has been operating this ARCEMY system under a lease agreement since September 20232 for a Nickel Aluminium Bronze… alloy qualification program for the US Navy”.

This probably explains why the AML3D share price is up a healthy 4.17% so far today.

So a lot seems to be going right for AML3D shares in recent months. However, the company still has a long way to go if it is to emulate the extraordinary performance of Droneshield shares. Let’s see if it can keep growing.

The post Move over DroneShield: This ASX defence stock is up 67% in a month! appeared first on The Motley Fool Australia.

More reading

• 2 All Ords ASX defence shares ‘poised to thrive’
• Why DroneShield, Paladin Energy, Red 5, and Synlait shares are falling
• Down 12% since Thursday, has the DroneShield share price topped out?
• Why Bigtincan, DroneShield, Guzman Y Gomez, and Helia shares are racing higher
• DroneShield shares hit record high on major new AI order

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 DroneShield. 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.

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record another decline. At the time of writing, the benchmark index is down 0.6% to 7,706.4 points.

Four ASX shares that are falling more than most today are listed below. Here’s why they are under pressure on Tuesday:

Lovisa Holdings Ltd (ASX: LOV)

The Lovisa share price is down over 4% to $30.51. This may have been driven by a broker note out of Citi. Its analysts note that the company could be falling short of consensus estimates for store openings in FY 2024. So, with its shares up strongly over the last 12 months, it warns that there could be some disappointment with its results next month. Though, with the broker retaining its neutral rating and $31.65 price target, it isn’t in a rush to sell shares.

Mayne Pharma Group Ltd (ASX: MYX)

The Mayne Pharma share price is down 5% to $4.41. This morning, this pharmaceuticals company announced that it has settled its class action. The proceeding relates to alleged misleading or deceptive conduct and breaches of continuous disclosure obligations in respect of alleged anti-competitive conduct in the United States. The agreed settlement amount is $38 million. Approximately $4.7 million will be funded by insurance, with the remainder to be paid from Mayne Pharma’s cash reserves.

Pilbara Minerals Ltd (ASX: PLS)

The Pilbara Minerals share price is down 3.5% to $2.97. Investors have been selling lithium miners again on Tuesday amid concerns that battery materials prices are going to remain weak for some time to come due to a surplus of supply. Pilbara Minerals’ shares hit a multi-year low today and are now down 41% since this time last year. It also remains the most shorted share on the local market despite this decline.

RPMGlobal Holdings Ltd (ASX: RUL)

The RPMGlobal share price is down 14% to $2.39. This has been driven by the release of a trading update from the mining software provider’s shares. RPM Global is expecting its total contracted value (TCV) to be $77 million in FY 2024, which represents a 9.2% increase year on year. And while its earnings are expected to grow at an even stronger rate, they won’t grow as much as management was forecasting. It said: “The lower than forecasted profitability is due to reduced perpetual license sales and the timing of subscription licenses signed during the second half of FY2024.”

The post Why Lovisa, Mayne Pharma, Pilbara Minerals, and RPMGlobal shares are falling today appeared first on The Motley Fool Australia.

More reading

• Why is the RPM Global share price crashing 22% today?
• Pilbara Minerals shares hit 22-month low. Are short-sellers holding tight?
• These are the 10 most shorted ASX shares
• These were 3 of the worst-performing ASX 200 stocks in June. Time to buy the dip?
• Why Abacus, Bannerman Energy, Immutep, and Pilbara Minerals shares are falling today

Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor James Mickleboro has positions in Lovisa. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Lovisa and RPMGlobal. The Motley Fool Australia has recommended Lovisa and RPMGlobal. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The S&P/ASX 200 Index (ASX: XJO) is having another underwhelming session. In afternoon trade, the benchmark index is down 0.5% to 7,714.2 points.

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

Arafura Rare Earths Ltd (ASX: ARU)

The Arafura Rare Earths share price is up 4% to 18.7 cents. This may be a delayed reaction to an announcement from the rare earths developer on Monday. Arafura revealed that it has conditionally secured up to US$150 million of debt financing for the Nolans Project from The Export-Import Bank of Korea (KEXIM). Management notes that the KEXIM loan guarantee supports the credit approval process for commercial lenders and brings Arafura closer to its targeted US$775 million senior debt funding required for the Nolans Project.

Ora Banda Mining Ltd (ASX: OBM)

The Ora Banda Mining share price is up 8% to 32.5 cents. This follows the release of an update on its estimates for the Davyhurst Gold Project (DGP) mineral resources and ore reserves. Management advised that the Sand King underground resource has increased 176% to 3.4M tonnes at 2.8g/t for 306k ounces. Whereas the Riverina underground resource has increased 54% to 4.0M tonnes at 3.7g/t for 468k ounce. As for ore reserves, total underground ore reserves have increased 94% to 1.2M tonnes at 3.7g/t for 142k ounces.

Superloop Ltd (ASX: SLC)

The Superloop share price is up 3% to $1.60. Investors have been buying this telco’s shares today following the release of a trading update. Superloop revealed that it has continued to perform strongly in the high value segment of the residential broadband market. So much so, high-speed plans (100Mbps or greater) now exceed 50% of its base. Management believes this trend will continue, driven by consumer demand for higher internet speeds, reliability, and value. As a result, it now expects its FY 2024 underlying EBITDA to be at or above the top end of the $51 million to $53 million guidance range.

Whitehaven Coal Ltd (ASX: WHC)

The Whitehaven Coal share price is up 4% to $8.45. Investors have been buying coal mining shares this week in response to news of a fire burning underground in a major coal mine owned by Anglo American in Queensland. Given that the Grosvenor mine was expected to produce 2.3 million tonnes of metallurgical coal this year, investors appear to believe there could be a meaningful impact to global supply. The fire continues to burn on Tuesday according to reports.

The post Why Arafura Rare Earths, Ora Banda, Superloop, and Whitehaven Coal shares are rising today appeared first on The Motley Fool Australia.

More reading

• 2 ASX All Ords shares smashing new multi-year highs on big news
• How these three ASX gold stocks soared above the rest in FY 2024
• Here are the top 10 ASX 200 shares today
• Why are ASX 200 coal shares smashing the market today?
• Why Arafura Rare Earths, Bigtincan, Evolution Mining, and Galileo Mining shares are dropping

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.

The S&P/ASX 200 Index (ASX: XJO) is down 0.41% in early afternoon trade on Tuesday.

The benchmark index has slipped more firmly into the red following on the 11:30am AEST release of the Reserve Bank of Australia’s minutes from its 18 June interest rate policy meeting.

As you’re likely aware, at that meeting the RBA opted to hold the official interest rate steady at 4.35%.

You also probably recall that it was only back in May 2022 that the official Australian cash rate stood at a historic low of 0.10%. That’s when the central bank commenced a rapid tightening policy that saw rates lifted 13 times since then to tamp down runaway inflation.

But with inflation proving sticky in recent months, should ASX 200 investors brace for another rate hike? Or can we look forward to the RBA moving towards easing?

Here’s what today’s minutes reveal.

What the RBA minutes reveal for ASX 200 investors

My biggest takeaway from the RBA minutes is that the bank’s board members are just as uncertain about the shorter-term inflationary path as the rest of us.

Which means that traders should remain nimble. Meanwhile, ASX 200 investors with a long-term horizon would do well to ignore the month-to-month uncertainties and hold onto their quality stocks.

The RBA pointed to a mixed picture in its ongoing efforts to bring inflation back within its 2% to 3% target range.

The board noted:

Relative to expectations, growth in overall household and public consumption in the March quarter had been stronger than expected while other components had surprised on the downside.

The members said that while energy rebates and rent assistance would lower headline inflation in 2024, the direct effect would be reversed later in 2025.

And the Aussie labour market remained tight relative to full employment, though conditions had continued to ease gradually in recent months.

On that uncertainty front, the board noted, “It was too early to determine if this signalled a more rapid easing in aggregate wages growth than currently expected.”

As for ASX 200 investors potentially facing higher interest rates, the RBA noted, “Inflation remained above the target range and had been a little higher than expected in prior months.”

But the board is still awaiting more data.

“Members acknowledged that these (limited) inflation data had increased the risk that sustainable progress towards the inflation target may be slower than forecast,” the members said.

And the RBA made it clear that the door is wide open for more interest rate hikes if required.

According to the minutes:

Several measures of inflation expectations had drifted up in recent years to be around the midpoint of the target band, after having been below target during the low-inflation period prior to the pandemic.

Members acknowledged that if inflation expectations were to rise materially from current levels, it could require significantly higher interest rates to bring inflation back to target, with adverse implications for growth in output and employment.

With the data on hand, the RBA still believes inflation will likely return to its target by 2026 “despite some elevated upside risk around the forecast”.

The RBA offered its usual caveat that it “will do what is necessary” to bring inflation back to target.

But ASX 200 investors will have to wait for the next batch of inflation data to see if boosting the cash rate is necessary again.

According to the RBA, “The extent of uncertainty at present meant it was difficult either to rule in or rule out future changes in the cash rate target.”

The post What the RBA minutes imply for the ASX 200 and higher interest rates appeared first on The Motley Fool Australia.

More reading

• How ASX shares vs. property performed in June
• Here are the top 10 ASX 200 shares today
• Leaders and laggards of the ASX market sectors in FY24
• 5 things to watch on the ASX 200 on Monday
• Here’s how the ASX 200 market sectors stacked up last week

Motley Fool contributor Bernd Struben 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.

Ansell Ltd (ASX: ANN) shares are in focus today after the company announced it finalised a major acquisition.

The purchase was made for all of the assets in US-listed entity Kimberly-Clark Corporation (NYSE: KMB)’s personal protective equipment (PPE) business – a deal Ansell initially announced on 8 April 2024.

Despite the completion of this major acquisition, Ansell shares remain steady at $25.90 per share at the time of writing, flat with the previous close of $25.91 apiece. Here’s a closer look.

Ansell shares on radar after transaction

Kimberly-Clark is a US consumer goods giant, holding over 175 brands under its banner. Many are household names – Kleenex tissues and Huggies diapers are two examples.

It has a market capitalisation of US$47.8 billion at the time of writing.

The rationale behind the deal was to expand Ansell’s product portfolio and market position. The $970 million transaction will see it acquire brands like Kimtech and KleenGuard – both used for anti-contamination against bacteria and viruses.

It also includes several manufacturing assets used in the production of gloves, masks, apparel, and eyewear.

Financial implications

The deal was finalised today after Ansell secured long-term debt financing to settle the balance.

It raised US$377 million via the United States Private Placement (USPP) market. The other portion of the deal was funded through a fully underwritten institutional placement of approximately 17.8 million new Ansell shares on 8 April, where it raised $400 million at $22.45 per share.

Since that date, these investors have made a 15% return on their money as I write.

The new debt facility announced today will replace previous instruments Ansell was using to fund its growth. As such, management noted this should provide Ansell with financial stability going into FY 2025:

The USPP proceeds replace the previously announced fully committed bridge facility which will no longer need to be drawn, with maturities on the notes issued ranging from 5 to 12 years and providing Ansell with long term funding certainty going into FY25.

Outlook for Ansell shares

Despite the size and potential impact of the acquisition, Ansell shares have not seen immediate movement in early trade on Tuesday.

Investors might be taking a wait-and-see approach, considering the complexities and integration efforts associated with such a significant purchase.

But analysts appear to be optimistic about the deal’s long-term benefits. According to CommSec, Anshell shares are rated as a moderate buy, with 6 buy and 6 hold recommendations, respectively.

Ansell’s management also expects the acquisition to be beneficial. It expects revenues and earnings per share (EPS) to grow directly as a result of the move. We will just have to wait and see if this is positive for Ansell shares or not.

The company’s full-year results for FY 2024 are set to be released on 20 August, per the announcement.

In the last 12 months, Ansell shares have slipped over 4.5% into the red. This year to date, the stock has lifted into the green following a 6% return in the past month of trade.

The post Why are Ansell shares on investors’ radars today? appeared first on The Motley Fool Australia.

More reading

• How ASX shares vs. property performed in June
• 2 ASX All Ords shares smashing new multi-year highs on big news
• These 2 ASX 200 stocks just scored substantial broker upgrades
• Why is the RPM Global share price crashing 22% today?
• Can ASX 200 tech shares produce another strong performance in FY25?

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

Comparing shares vs. property in the final month of FY24, we saw ASX 200 shares outperform bricks and mortar in terms of asset price appreciation.

The S&P/ASX 200 Index (ASX: XJO) rose 0.85% in June. Meantime, the national median home value rose by 0.7%, according to CoreLogic data.

That was the 17th consecutive month of growth for the national median price.

The median house price rose 0.5%, and the median apartment price lifted 0.7% over the month. On the share market, some stocks outperformed by a mile, including an ASX energy share that skyrocketed 40%.

CoreLogic research director Tim Lawless said the national median had lifted between 0.5% and 0.8% every month since February.

Lawless commented:

The persistent growth comes despite an array of downside risks including high rates, cost of living pressures, affordability challenges and tight credit policy.

The housing market resilience comes back to tight supply levels which are keeping upwards pressure on values.

Last month, we saw the same growth patterns and the same dominant markets as we saw in May.

Perth, Adelaide, and Brisbane delivered the highest home value growth. Home price medians rose in June at 2%, 1.7%, and 2%, respectively.

Among the regional markets, regional Western Australia led the pack with 1.5% growth. Regional South Australia followed with 1.1% growth, then regional Queensland with 1%.

Shares vs. property price growth in June

Here’s how shares vs. property performed in terms of house price and share price gains last month.

Property market	Median house price	Price growth	12-month price growth
Sydney	$1,466,475	0.5%	6.8%
Melbourne	$948,879	-0.3%	1.2%
Brisbane	$953,028	1.1%	15.2%
Adelaide	$824,669	16%	15.1%
Perth	$791,926	2%	23.7%
Hobart	$691,339	-0.2%	-0.3%
Darwin	$589,166	0.6%	3.1%
Canberra	$986,414	0.5%	3.2%
Regional New South Wales	$763,364	0.3%	4%
Regional Victoria	$596,580	-0.3%	-0.4%
Regional Queensland	$644,987	1.1%	12.3%
Regional South Australia	$437,854	1.2%	11.4%
Regional Western Australia	$532,116	1.6%	16.9%
Regional Tasmania	$537,285	0.7%	0.2%
Regional Northern Territory	$442,837	-0.5%	-2.9%

Top 5 risers of the ASX 200 last month

The ASX 200 lifted 0.85% in June.

According to CommSec data, these 5 ASX 200 shares were the top-performing stocks.

ASX 200 share	Share price growth
Strike Energy Ltd (ASX: STX)	40%
Bapcor Ltd (ASX: BAP)	21%
Pro Medicus Limited (ASX: PME)	19.3%
Healius Ltd (ASX: HLS)	18%
Insurance Australia Group Ltd (ASX: IAG)	15.2%

Why did Strike Energy shares spark 40% higher?

Strike Energy released seven price-sensitive announcements in June.

Based on share price gains, the updates that most excited Strike Energy investors included a flow test update regarding the Walyering-7 well in the Perth Basin.

The company advised they’d commenced a production testing program, and moveable gas and condensate had been recovered from the completed zones within the well.

Investors also liked the news of a five-year $153 million development financing package.

The post How ASX shares vs. property performed in June appeared first on The Motley Fool Australia.

More reading

• Here’s a recap on IAG shares in FY24 – and their FY25 outlook
• Here are the top 10 ASX 200 shares today
• Why Guzman Y Gomez, MacMahon, Strike Energy, and WiseTech shares are sinking
• Leaders and laggards of the ASX market sectors in FY24
• These are the 10 most shorted ASX shares

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 positions in and has recommended Pro Medicus. The Motley Fool Australia has recommended Bapcor and Pro Medicus. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.