Ever since the tide turned against growth stocks late last year, investors have flocked to dividend shares for (relative) safety.

The idea is that if share prices aren’t going up, you might as well get some income back as compensation for having your money tied up.

The great advantage for Australian investors is that the ASX is one of the world’s best for dividend investing.

That’s because of Australia’s tax rules that favour dividends over other ways of capital return, such as share buybacks.

The two sectors that dominate the ASX, mining and banks, both make wide use of dividends and franking to make themselves more attractive to investors.

So that’s all great, but how do you take advantage?

If you’re willing to put in some work, some investors practise what’s known as “dividend stripping”. Marcus Today founder Marcus Padley explained what this is in a recent blog post.

How to perform dividend stripping

The general principle of stripping is to buy the stock before the ex-dividend date, harvest the income, then sell it off.

But it’s not just a short term play. Padley pointed out that holding for a reasonable amount of time is required for a number of reasons.

“Remember the 45-day rule…. This says that you need to hold a stock for 45 days not including the buy or sell date to qualify for the franking credit,” he said.

“So buying 45 days before a stock goes ex-dividend makes sense and doing so will usually catch the pre dividend run if there is one.”

ASX shares that have an ex date approaching soon usually see their price rise due to the numerous investors who are seeking to harvest that dividend.

So shrewd investors will want to buy nice and early, before the herd starts doing the same.

You need to be careful

One warning from Padley is that the ASX shares you buy for dividend stripping still need to be quality stocks that you’d be willing to hold on for a long time.

That’s because things might not go to plan — like the stock price plummets or the company decides to reduce its dividend payout. 

“Only buy stocks for the dividend that you would be quite happy to hold a bit longer if the strategy went oblong in the short term.”

The other tip is to go for reliable dividend payers — not businesses that are putting out a massive one-off dividend.

That’s because the stock price fall after the ex date is usually dramatic for the one-off payers from all the dividend strippers running for exits.

And never buy a stock purely for income.

“Income alone means nothing if capital is leaking out of the back door. Anyone can pay a high yield out of capital,” said Padley.

“Making money in dividend stocks means trying to make money in the stock as well as from the dividend.”

The post How to buy ASX dividend shares for income stripping appeared first on The Motley Fool Australia.

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• Are Flight Centre shares worth buying in October?
• Demolished ASX 200 materials shares: Why this fundie is buying the 30% dip
• ASX dividend shares or distribution shares? Is there even a difference?
• These could be the ETFs to buy for big dividends
• Analysts name 2 ASX 200 dividend shares to buy this month

Motley Fool contributor Tony Yoo 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.

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ASX 200 materials shares, Alumina Limited (ASX: AWC) and Newcrest Mining Ltd (ASX: NCM) both have “depressed share prices that are far below our assessment of fair value and we have added to both on weakness during the last quarter”.

That’s the assessment of fund manager Allan Gray on these two S&P/ASX 200 Index (ASX: XJO) stalwarts.

The fundie has been buying the dip on these two ASX 200 materials shares over the past quarter.

The team explains why in its latest quarterly report.

ASX 200 materials shares performed worst in September

In its September 2022 quarterly commentary, Allan Gray said Alumina shares and Newcrest shares were the greatest lags on the performance of its flagship Australia Equity Fund.

The companies are the equity fund’s two biggest holdings within the ASX 200 materials sector. They’re also the fund’s second and third largest positions, each representing 8% of the fund’s weighting.

(Fun fact: Woodside Energy Group Ltd (ASX: WDS) is the no. 1 holding at 10% of the fund’s weighting.)

Allan Gray holds $176.3 million worth of Newcrest shares. It holds $168.8 million in Alumina shares.

Allan Gray investment specialist, Julian Morrison, explains their view on the ASX 200 materials shares:

During the quarter, our positioning in the Materials sector was the largest detractor from relative performance, with Newcrest Mining the leading negative contributor, followed by Alumina.

Both companies have competitive advantages in terms of long reserve life, and lower cost of production relative to competitors.

Alumina faces some negative market sentiment with regard to surplus industry production currently, but their competitors have much higher cost of production and so face significant short-term losses, while Alumina is better placed in this regard.

Rational curtailment of production by competitors would seem a likely outcome, and in due course Alumina could be a beneficiary of this.

Alumina shares and Newcrest shares dip 30%-plus

Over the September quarter, the Newcrest share price lost 19% of its value. It is down 31% in 2022 so far. Newcrest shares closed up 0.42% at $16.88 on Friday.

The Alumina share price dropped by 14% in the September quarter and is down 35% in 2022. Alumina shares closed 2.83% higher at $1.27 on Friday.

Morrison added:

Today, we believe extreme difference in valuations remain across the sharemarket. Our approach is to position the Fund in our assessment of the most undervalued stocks versus long-term value.

We believe this not only maximises the opportunity for long-term outperformance, but can also help mitigate the risk of permanent loss of capital, which stems from overpaying.

The post Demolished ASX 200 materials shares: Why this fundie is buying the 30% dip appeared first on The Motley Fool Australia.

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Motley Fool contributor Bronwyn Allen has positions in Alumina Ltd. 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.

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ASX dividend shares have regained their shine in 2022.

That’s come as rapid interest rate rises from the Reserve Bank of Australia (RBA), the US Federal Reserve and other global central banks have made it harder to invest in stocks for potential share price gains. As illustrated by the 12% decline in the S&P/ASX 200 Index (ASX: XJO) year to date.

And with inflation still hitting investors where it hurts, ASX dividend shares paying healthy yields are finding stronger support.

As Kristiaan Rehder, portfolio manager of the Bennelong Kardinia Absolute Return Fund, told The Motley Fool this week, “Kardinia is very focused on dividends. Particularly fully franked dividends.”

In our interview (to be published in full next week) Rehder noted:

To illustrate the importance of dividends to the Australian market, if you look at the S&P/ASX 300 Index (ASX: XKO), that’s returned about 2.8% per annum over the last five years.

If you compare that to the ASX 300 accumulation index, which includes dividends, it’s around 6.8%. So that 4% difference per annum is all to do with dividends.

Is there a difference between ASX dividend shares and distribution shares?

ASX shares that pay out regular dividends or distributions both return some of their profits to shareholders. If those payouts are franked, investors also get credit from the ATO for the taxes the company has already paid on its profits.

Some well-known names and popular ASX dividend shares include BHP Group Ltd (ASX: BHP) and Commonwealth Bank of Australia (ASX: CBA).

At the current share price, CBA pays a 3.8% trailing dividend yield, fully franked.

With its monster dividend payout earlier this year, BHP pays a trailing yield of 11.8%, also fully franked.

So how about distributions?

ASX distribution shares differ from dividend shares in that you’ll get distributions from a real estate investment trust (REIT) or an exchange-traded fund (ETF).

Unibail-Rodamco-Westfield (ASX: URW), for example, is a REIT focused on shopping malls across much of the world. It pays an 8.9% unfranked distribution yield.

Then there’s Centuria Industrial REIT (ASX: CIP). The REIT owns a range of distribution centres, manufacturing facilities, and data centres across Australia and pays a distribution yield of 6.2%, also unfranked.

Some REITs offer franking credits on their distributions, while not all ASX dividend shares will do so.

As for ETFs, any franking credits on their distribution payouts will depend on whether the fund holds Australian companies paying taxes Down Under.

Atop potential tax variations, a core difference between ASX dividend shares and those that pay distributions is that distribution payments are based on profits earned during the current financial year. And those distributions are paid out during that financial year.

While these differences are important to understand, at the end of the day, most investors will be happy to see the extra income dropping into their bank accounts.

The post ASX dividend shares or distribution shares? Is there even a difference? appeared first on The Motley Fool Australia.

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More reading

• Brokers name 3 ASX shares to buy today
• What could CBA shares stand to gain from a Tyro takeover?
• Here’s what Goldman Sachs is saying about the BHP share price after the miner’s update
• ASX dividend shares ‘likely to remain attractive’ despite rising bank deposit rates: expert
• CBA share price smashes through $100-mark for first time in 2 months. What’s next?

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.

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As well as giving investors exposure to global markets, exchange traded funds (ETFs) can be used by investors looking for income.

That’s because some ETFs have been set up to give investors access to large groups of dividend shares through a single investment.

Two such ETFs are listed below. Here’s why they could be top options for income investors:

BetaShares S&P 500 Yield Maximiser (ASX: UMAX)

The first ETF that could be a top option for income investors is the BetaShares S&P 500 Yield Maximiser.

This ETF has been designed to give investors access to the top 500 companies listed on Wall Street. But thanks to its ‘covered call’ strategy, the actively managed fund is expected to earn quarterly income that is significantly greater than the dividend yield of the underlying share portfolio over the medium term.

Among the companies included in the fund are giants such as Apple, Exxon Mobil, Johnson & Johnson, Microsoft, and Walmart.

At the last count, its units were providing investors with a trailing 6.6% distribution yield.

Vanguard Australian Shares Index ETF (ASX: VAS)

Another ETF for investors to consider for dividends is the Vanguard Australian Shares Index ETF.

Although this ETF isn’t necessarily designed with dividends in mind, a large number of shares included in the fund pay dividends, which has led to it providing a bumper dividend yield again this year.

The Vanguard Australian Shares Index ETF gives investors the ability to invest in 300 of the largest companies on the Australian share market.

This means you’ll be buying miners like BHP Group Ltd (ASX: BHP), banks such as Commonwealth Bank of Australia (ASX: CBA), and retailers as small as Adairs Ltd (ASX: ADH) and as large as Woolworths Group Ltd (ASX: WOW).

Last week the ETF paid out its latest quarterly dividend of 145.0577 cents per unit. This took its total dividends paid over the last 12 months to approximately $6.30 per unit, which equates to a yield of 7.6%.

The post These could be the ETFs to buy for big dividends appeared first on The Motley Fool Australia.

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• The Vanguard Australian Shares ETF has doled out record dividends this year. Here’s why
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• If I’d invested $5,000 in Vanguard’s VAS ETF at the start of 2022, here’s what I’d have now
• Why dividends matter
• Dividends, dividends, dividends! 2 ASX ETFs to buy now

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 positions in and has recommended BetaShares S&P500 Yield Maximiser. 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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If you’re an income investor, then you might want to read on. Listed below are two ASX dividend shares that have just been rated as buys by experts.

Here’s what they are saying about these top ASX 200 dividend shares:

Deterra Royalties Ltd (ASX: DRR)

The first ASX 200 dividend share to look at is Deterra Royalties.

It operates a royalty business model which involves the management and growth of a portfolio of royalty assets across a range of commodities, primarily focused on bulks, base and battery metals.

This includes the Mining Area C (MAC) iron ore operation which is co-owned with mining giant BHP Group Ltd (ASX: BHP). It is located 120 kilometres north-west of Newman in the Pilbara region of Western Australia on the Traditional lands of the Banjima people. It consists of open-cut mines, three ore handling plants and one train load-out facility.

Goldman Sachs is bullish and has a buy rating and $4.70 price target on its shares.

As for dividends, it is expecting fully franked dividends per share of 31.5 cents in FY 2023 and 26.2 cents in FY 2024. Based on the current Deterra Royalties share price of $4.21, this will mean yields of 7.5% and 6.2%, respectively.

Stockland Corporation Ltd (ASX: SGP)

Another ASX 200 dividend share that has been tipped as a buy is Stockland.

Stockland is a residential and land lease developer and retail, logistics, and office real estate property manager.

Goldman Sachs is a fan of the company. It stated that it believes “the potential headwinds are factored into the share price and see SGP as attractively valued.”

Goldman currently has a buy rating and $4.50 price target on its shares.

In respect to dividends, the broker is forecasting dividends per share of 27.6 cents in FY 2023 and 28.3 cents in FY 2024. Based on the current Stockland share price of $3.30, this will mean yields of 8.4% and 8.6%, respectively.

The post Analysts name 2 ASX 200 dividend shares to buy this month appeared first on The Motley Fool Australia.

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More reading

• Top ASX dividend shares to buy in October 2022
• Experts name 2 ASX 200 dividend shares to buy now

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.

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If you are looking to bolster your portfolio with some ASX tech shares, you may want to look at the two listed below that have been tipped as buys by Goldman Sachs.

Here’s what the broker is saying about these ASX tech shares:

Readytech Holdings Ltd (ASX: RDY)

The first ASX tech share that Goldman Sachs has named as a buy is Readytech.

It is a leading provider of mission-critical software-as-a-service (SaaS) solutions for the education, employment services, workforce management, government and justice sectors.

Goldman is very positive on the company’s outlook and is forecasting stellar growth in the coming years. So much so, its analysts believe Readytech will deliver on its FY 2026 revenue target of $140 million to $160 million a year earlier than planned in FY 2025. This will be a big jump from FY 2022’s revenue of $78.3 million.

In light of this strong growth potential, Goldman Sachs has put a buy rating and $4.30 price target on its shares.

Xero Limited (ASX: XRO)

Another ASX tech that Goldman Sachs rates as a buy right now is Xero.

It is a cloud-based accounting platform provider to small and medium sized businesses globally.

Thanks to the popularity of its offering, the stickiness of its platform, and its global expansion, Xero has been growing its top line and subscriber numbers at a strong rate for years.

The good news is that Goldman notes that even with 3.3 million subscribers, it is still only scratching at the surface of its globally market opportunity. It is partly because of this “compelling global growth story” that Xero is the broker’s “preferred large cap technology name in ANZ.”

Goldman Sachs currently has a buy rating and $111.00 price target on Xero’s shares.

The post Goldman Sachs names 2 quality ASX tech shares to buy right now appeared first on The Motley Fool Australia.

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• These 3 ASX shares have halved this year. I’d buy 2 of them: advisor
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• Here are 3 top ASX growth shares that analysts rate as buys
• What’s the outlook for ASX 200 tech shares in the second quarter?
• Could ASX 200 shares represent a ‘phenomenal opportunity’ right now?

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 Readytech Holdings Ltd and Xero. The Motley Fool Australia has positions in and has recommended Xero. The Motley Fool Australia has recommended Readytech Holdings Ltd. 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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S&P/ASX 200 Index (ASX: XJO) coal shares were big winners on the market today.

ASX 200 coal shares Whitehaven Coal Ltd (ASX: WHC) and New Hope Corporation Ltd (ASX: NHC) were both trading well in the green, up 4.59% and 7.69% respectively at Friday’s close.

Yancoal Australia (ASX: YAL) also finished the week on a high note. The All Ordinaries Index (ASX: XAO) player was trading 5.87% higher at the close of trade.

Let’s examine why ASX coal shares had such a top run on Friday.

Coal price optimism

According to trading economics, the coal price is up 0.24% to US$391.95 a tonne. As a company’s share price movement typically reflects its corresponding commodity’s price movement, this might be one reason for boosted investor sentiment towards ASX coal shares today.

Another could be that Whitehaven and Yancoal shared positive news in their quarterly reports released to the market this week.

Yancoal last night advised it achieved a 211% boost in the average realised coal price year to date.

Yancoal highlighted “record high coal prices” of $364 a tonne in the first nine months of 2022. The company achieved a $481 per tonne average realised coal price in the September quarter.

Commenting on the results, Yancoal CEO David Moult said:

The company will achieve a record financial performance in 2022 and this performance to date has enabled the payment of over A$1.6 billion in dividends in 2022 and debt repayments of US$2.3 billion over the past 12 months.

Whitehaven Coal also delivered good news on the coal price in its quarterly report, released this week.

Whitehaven reported a record average coal price of $581 a tonne in the third quarter, up from $514 a tonne in the last quarter. The average realised coal price has soared 207% from the $189 a tonne Whitehaven fetched in the prior corresponding period.

Whitehaven CEO and managing director Paul Flynn said:

With demand for high quality coal continuing to outstrip global supply, coal prices set another record in the September quarter and continue to be well supported.

Meanwhile, New Hope updated the market yesterday, advising it has received a water licence for stage three development at the New Acland coal mine in Queensland. New Hope said it now had all the primary approvals needed to restart operations at the mine.

New Hope chair Robert Millner described the grant of this licence as a “defining moment for the company”.

Share price snapshot

It’s certainly been a boom period for ASX coal shares this year. Whitehaven shares have exploded 252% in the past 12 months, while New Hope shares have soared 216%. Yancoal shares have leapt 78% in the past year.

In comparison, the ASX 200 has lost almost 10% in the last year.

The post Why did ASX 200 coal shares have such a cracking Friday? appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Why is the Whitehaven Coal share price smashing it on Friday?
• Why Adairs, Life360, Siteminder, and Whitehaven Coal shares are racing higher
• Hoping to dig into the monster New Hope dividend? Here’s what you need to know
• Here are the 3 most heavily traded ASX 200 shares on Thursday

Motley Fool contributor Monica O’Shea 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.

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The S&P/ASX 200 Index (ASX: XJO) ended the week in the red once more. The index fell 0.8% to 6,676.8 points on Friday. That leaves it 1.21% lower than it finished last week’s trade.

It followed a rough Thursday for New York-listed stocks, with the Dow Jones Industrial Average Index (DJX: .DJI) falling 0.4%, the S&P 500 Index (SP: .INX) dropping 0.8%, and the Nasdaq Composite Index (NASDAQ: .IXIC) slipping 0.6%.

Back home, the S&P/ASX 200 Energy Index (ASX: XEJ) was the only sector to post a notable gain, lifting 2% despite a mixed night for oil prices.

The Brent crude oil price fell less than 0.1% to US$92.38 a barrel while the US Nymex crude oil price rose 0.5% to US$85.98 a barrel.

The S&P/ASX 200 Materials Index (ASX: XJO) traded comparatively flat, slipping 0.3% after a steady night for both gold and iron ore.

But there was plenty of pain to be felt elsewhere. The S&P/ASX 200 Utilities Index (ASX: XUJ) plunged 2.3% while the S&P/ASX 200 Real Estate Index (ASX: XRE) fell 1.8%.

But not all ASX 200 shares suffered amid the market’s downturn. These 10 stocks raced higher to finish the week in the green.

Top 10 ASX 200 shares countdown

The Telix Pharmaceuticals Ltd (ASX: TLX) share price was the index’s top performer on Friday, gaining close to 13%.

There was no news from the biotechnology company today. Though, it did release its quarterly report yesterday.

Today’s biggest gains were made by these shares:

ASX-listed company	Share price	Price change
Telix Pharmaceuticals Ltd (ASX: TLX)	$6.76	12.67%
New Hope Corporation Limited (ASX: NHC)	$7.42	7.69%
Perseus Mining Limited (ASX: PRU)	$1.72	5.85%
Chalice Mining Ltd (ASX: CHN)	$2.06	5.37%
Whitehaven Coal Ltd (ASX: WHC)	$10.49	4.59%
Event Hospitality and Entertainment Ltd (ASX: EVT)	$14.12	3.52%
Core Lithium Ltd (ASX: CXO)	$1.375	3.38%
Mineral Resources Limited (ASX: MIN)	$74.10	3.07%
Champion Iron Ltd (ASX: CIA)	$4.90	2.94%
Woodside Energy Group Ltd (ASX: WDS)	$35.47	2.63%

Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making 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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More reading

• Here are the 3 most heavily traded ASX 200 shares on Friday
• Why is the Whitehaven Coal share price smashing it on Friday?
• Why Adairs, Life360, Siteminder, and Whitehaven Coal shares are racing higher
• Brokers name 5 ASX lithium shares to buy now
• Is the Core Lithium share price at risk following Tesla’s disappointing earnings?

Motley Fool contributor Brooke Cooper 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.

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The Insurance Australia Group Ltd (ASX: IAG) share price tumbled on Friday on news of the company’s annual general meeting (AGM) and the impact of ongoing floods.

IAG CEO and managing director Nick Hawkins told the AGM the insurance company had experienced inflationary pressures and natural disasters as it anticipates higher reinsurance costs. To counter such impacts, it’s increasing some of its premiums.

The IAG share price was 2.16% lower, trading at $4.75 on Friday’s market close.

For context, the S&P/ASX 200 Index (ASX: XJO) was down 0.80% at the close. The S&P/ASX 200 Financials Index (ASX: XFJ) also underperformed on Friday, dumping 1.22%.

Let’s take a closer look at what might be weighing on the IAG share price today.

Inflation and reinsurance costs pressure IAG

The IAG share price is in the red after the company’s management outlined the new financial year 2023 guidance and flagged ongoing weights impacting its bottom line.

As previously announced, IAG expects to post mid-to-high single-digit growth in gross written premium this fiscal year. Its reported insurance margin is tipped to come in at between 14% and 16%.

Today, Hawkins said the company’s upcoming results would benefit from the pre-tax $360 million reduction in the COVID-19 business interruption provision. He also noted its retention rates remained strong.

However, the insurer is once again helping Australians through natural disasters. It comes after IAG’s extreme weather claims doubled in the 2022 financial year.  

Major floods have also hit New South Wales, Victoria, and Tasmania more recently and have yet to ease in some parts.

Meanwhile, the Bureau of Meteorology warns a low-pressure system could bring more heavy rainfall to parts of Victoria, New South Wales, and Tasmania from this afternoon. That has the potential to cause further flooding.

Under the weather

Hawkins said the insurer had received around 2,000 claims from the weather event so far, adding:

Like all businesses and our customers, we continue to experience the inflation which is a key feature of the Australian and New Zealand economies. And we have seen further natural disasters.

In response to these pressures, and in anticipation of higher reinsurance costs, we have been increasing our premiums across home, motor, and our commercial insurance classes.

You will see greater earn-through of that in the second half as policies are renewed.

Hawkins concluded by addressing issues previously facing the company. He said:

Some of the issues we’ve been forced to confront have been challenging for us. We’ve had to re-evaluate how we run and manage our company.

We’re confident those issues are behind us. We’ve fundamentally improved how we manage risk and I’ve set up my leadership team to ensure there is clear accountability going forward.

IAG share price snapshot

Fortunately, today’s tumble hasn’t been enough to send the IAG share price into the longer-term red.

The stock has gained 6% through 2022 so far. Though, it is 6% lower than it was this time last year.

Meanwhile, the ASX 200 has fallen 12% year to date and 10% over the last 12 months.

The post Why did the IAG share price get smashed today? appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most heavily traded ASX 200 shares on Friday
• Why have Medibank shares just been suspended from trading on the ASX?
• Buffett: Why a market crash can be an investor’s best friend
• Yes, buy ASX shares now. Don’t wait like everyone else: expert
• 5 things to watch on the ASX 200 on Friday

Motley Fool contributor Brooke Cooper 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 positions in and has recommended Insurance Australia Group Limited. 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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It’s proving to be a bit of a sad end to the trading week for ASX shares and the S&P/ASX 200 Index (ASX: XJO) this Friday. Backing up yesterday’s losses, the ASX 200 has lost another 0.82% so far this session, dragging the index back down to around 6,675 points.

But let’s not let that cast a shadow over the upcoming weekend. So instead, it’s time to take a look at the shares currently topping the ASX 200’s share trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Friday

Pilbara Minrals Ltd (ASX: PLS)

Our first share to take stock of today is ASX 200 lithium star Pilbara Minerals. Pilbara has had a noteworthy 12.1 million shares traded so far this Friday. There’s been no news from the company itself that might explain this volume.

However, the Pilbara share price is bucking the mood of the broader markets and has added a healthy 1.6% this session to $5.05 a share. Perhaps some love from ASX brokers is helping here. Either way, this market defiance has probably sparked these kinds of volumes.

South32 Ltd (ASX: S32)

Next up we have ASX 200 mining company South32. So far today, a decent 14.13 million South32 shares have been dug up and sold to a new home. Here we have another ASX share that is enjoying some rare gains this Friday.

At present, the South32 share price has inched up by 0.54% to $3.69 a share. We haven’t had any news out from the company either, save for a routine share buyback notice. This, along with the gains we see, is the likely explanation for this elevated trading volume.

Core Lithium Ltd (ASX: CXO)

Last but certainly not least in terms of volume, we have another ASX 200 lithium stock in Core Lithium. Today’s session has seen a large 22.01 million Core Lithium shares swap hands as it currently stands. Core has posted a notice today of its 2022 annual general meeting.

Perhaps this has gotten investors excited (although it might also be rising on Pilbara’s coattails). Nevertheless, Core Lithium shares have bounced a healthy 2.26% to $1.36 each at the time of writing after a shaky start this morning. That might be the explanation we are looking for in terms of the high volume of shares flying around.

The post Here are the 3 most heavily traded ASX 200 shares on Friday appeared first on The Motley Fool Australia.

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More reading

• Brokers name 5 ASX lithium shares to buy now
• Why have Medibank shares just been suspended from trading on the ASX?
• Is the Core Lithium share price at risk following Tesla’s disappointing earnings?
• If I’d bought $5,000 of Pilbara Minerals shares at the end of June, here’s how much I could bank right now
• Buffett: Why a market crash can be an investor’s best friend

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.

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