On Tuesday, the S&P/ASX 200 Index (ASX: XJO) was out of form again and sank into the red. The benchmark index fell 1.2% to 6,961.8 points.

Will the market be able to bounce back from this on Wednesday? Here are five things to watch:

ASX 200 expected to rise

The Australian share market could snap its losing streak on Wednesday despite a relatively poor night of trade in the United States. According to the latest SPI futures, the ASX 200 is expected to open the day 7 points or 0.1% higher this morning. In late trade on Wall Street, the Dow Jones is down 0.3%, the S&P 500 has dropped 0.1%, and the Nasdaq is trading marginally higher.

Oil prices rebound strongly

Energy producers including Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have a great day after oil prices rebounded strongly overnight. According to Bloomberg, the WTI crude oil price is up 3.8% to US$93.81 a barrel and the Brent crude oil price is up 3.8% to US$100.22 a barrel. This was driven by speculation that Saudi Arabia could cut its output if demand softens.

Coles FY 2022 results

The Coles Group Ltd (ASX: COL) share price will be in focus this morning when the supermarket giant releases its full year results. According to a note out of Citi, its analysts are forecasting a net profit after tax of $1,019 million. This is slightly ahead of the market consensus estimate of $1,008.5 million.

Gold price higher

Gold miners such as Evolution Mining Ltd (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) could have a decent day after the gold price traded higher overnight. According to CNBC, the spot gold price is up 0.7% to US$1,760.50 an ounce. A pullback in the US dollar following weak US retail sales data boosted the precious metal.

WiseTech results day

The WiseTech Global Ltd (ASX: WTC) share price could be on the move today when the logistics solutions company releases its full year results for FY 2022. WiseTech has a habit of outperforming expectations, so investors may be hoping for the same today. The market consensus estimate is for a net profit after tax of $175.7 million.

The post 5 things to watch on the ASX 200 on Wednesday appeared first on The Motley Fool Australia.

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More reading

• The Imugene share price has tumbled 18% since the company’s last update. What’s happening?
• Why did the EML share price tumble 12% on Tuesday?
• Here are the top 10 ASX 200 shares today
• Looking to buy Woolworths shares? Here’s what to watch in this week’s earnings results
• 3 ASX 200 shares breaking multi-year highs on Tuesday

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 WiseTech Global. The Motley Fool Australia has positions in and has recommended COLESGROUP DEF SET and WiseTech Global. 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 PointsBet Holdings Ltd (ASX: PBH) share price has taken a hit in 2022.

Since the start of the year, the sports betting company’s shares have lost 53% of their value.

This has been driven by the market’s aversion to loss-making tech stocks as interest rates rise.

Is the PointsBet share price weakness a buying opportunity?

The team at Bell Potter believes that investors should take advantage of the weakness in the PointsBet share price to pick up shares.

According to a recent note, the broker has retained its speculative buy rating with a $5.25 price target.

Based on the current PointsBet share price of $3.22, this implies potential upside of 63% for investors over the next 12 months.

What did the broker say?

Bell Potter was pleased with PointsBet’s fourth quarter update and highlights that the company is making “positive steps.” It was also pleased that management has confidence that its cash balance will be sufficient to see it through the near term.

Bell Potter commented:

PointsBet released its Appendix 4C for the June quarter and most of the key metrics were slightly better than our forecasts: net win in Australia up 28% to A$55.2m in Q4 and up 30% to $215.4m in FY22 (vs BPe A$212.9m); net win in the US (including iGaming) up 70% to A$30.4m in Q4 and up >100% to A$93.9m in FY22 (vs BPe $84.4m); operating cash outflow of A$60.8m in Q4 and A$197.5m in FY22 (vs BPe A$201.8m); and corporate cash of A$472.7m at 30 June (vs BPe c.A$450m).

The company also provided the first result for the recently launched Canadian operation and the net win (including iGaming) was A$0.2m in Q4. The blended online handle market share was 3.5% in Q4 which was consistent with the 3.6% in Q3. PointsBet confirmed it had generated a positive EBITDA result in the Australian operation in FY22 and said that post the placement of stock to SIG Sports it had sufficient funding for the “near term”.

The post Broker tips PointsBet share price to jump 60% appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Why CSL, Downer, Magellan, and PointsBet shares are falling today
• Here are the top 10 ASX 200 shares today
• Betmakers share price slips despite new $20 million deal
• Why Baby Bunting, PointsBet, ResMed, and Suncorp shares are dropping today

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 Pointsbet Holdings Ltd. The Motley Fool Australia has recommended Pointsbet 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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If you’re searching for growth shares to buy, then two ASX shares listed below could be worth considering.

Both have been named as buys by brokers and tipped to have major upside potential. Here’s what they are saying about them:

Readytech Holdings Ltd (ASX: RDY)

The first ASX growth share to look at is enterprise software provider Readytech.

Earlier this month, Readytech released its full year results and revealed a 16.8% year over year increase in revenue to $78.3 million and a 45.5% jump in underlying EBITDA to $27.5 million.

Goldman Sachs was pleased with this in-line result and notes that its “strong organic growth execution builds confidence in medium-term earnings outlook.”

In response to the result, the broker reiterated its buy rating with a trimmed price target of $4.30. Goldman commented:

We are constructive on RDY’s growth outlook given its defensive end-market exposures (government and education represent ~3/4 of FY23E revenue) and see scope for margins to grow from FY23 onwards, aided by transitioning IT Vision’s on-premise customer base to cloud in coming years (generating a 2-3x ARPU uplift).

RDY remains materially undervalued relative to profitable SaaS peers (we estimate >50% discount on growth-adjusted FY24E EV/EBITDA) and is building an impressive track record of organic growth execution which in our view will drive a re-rating over time.

Treasury Wine Estates Ltd (ASX: TWE)

Another ASX growth share that could be a top option for investors is Treasury Wine. It is one of the world’s leading wine companies with a portfolio of popular brands including Penfolds, 19 Crimes, and Wolf Blass.

It also recently released its full year results and revealed solid growth across the business. This went down well with analysts at Morgans, which are expecting this strong form to continue in the future.

In response to its result, the broker retained its add rating and lifted its price target to $15.71. The broker commented:

Despite all the external headwinds, TWE’s FY22 result was solid and in line with our forecast and its guidance. Importantly, the 2H demonstrated strong EBITS and NPAT growth (+14.1% and +18.8% on pcp). Despite cost pressures, the foundations are now in place for TWE to deliver strong double digit growth from FY23.

Pleasingly, the benefits of its new divisional model are clearly evident and the Penfolds reallocation strategy has been a success. Trading at a material discount to our valuation and its pre-COVID multiples, we maintain an Add rating with a new price target of $15.71 on this high quality company.

The post Brokers name 2 ASX growth shares to buy now appeared first on The Motley Fool Australia.

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More reading

• Top brokers name 3 ASX shares to buy next week
• Treasury Wine share price celebrates Friday with a more than two-year high
• 2 exciting small cap ASX shares that analysts rate as buys
• Here are the top 10 ASX 200 shares today
• Why CSL, IPH, Renascor, and Treasury Wine shares are pushing higher

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. The Motley Fool Australia has recommended Readytech Holdings Ltd and Treasury Wine Estates 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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The S&P/ASX 200 Materials Index (ASX: XMJ) fell 0.08% on Tuesday, but two ASX mining shares outperformed the index.

The American West Metals Ltd (ASX: AW1) and Magmatic Resources Ltd (ASX: MAG) share prices both soared today.

Let’s take a look at why these ASX mining shares had such a good day.

Magmatic Resources

The Magmatic Resources share price exploded 108% today. Magmatic shares soared on drilling results.

The company reported visible copper sulphide mineralisation intersected a more than 740 metre interval.

Magmatic is exploring its wholly owned Myall project, 25 kilometres southwest of Narromine in New South Wales.

Commenting on the results, managing director Dr Adam McKinnon said:

This is an absolutely stunning result for the first full hole of our drilling program at Myall. It’s difficult to describe the excitement of our team each time we look over the previous day’s core and see an ever-increasing interval of visible sulphide mineralisation.

American West Metals

American West shares soared 16% today amid a “major copper discovery” in Canada.

Drill hole ST22-10 intersected with more than 68 metres of stratiform copper sulphide mineralisation. This was from a 277 metre downhole.

Managing director Dave O’Neill described the discovery, at the company’s Storm Copper Project, as “game changing”.

The importance of this discovery for the project cannot be overstated, as it has hugely positive implications for the copper endowment within the project area.

The post 2 ASX mining shares that rocketed between 16% and 108% on Tuesday appeared first on The Motley Fool Australia.

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• Guess which ASX mining share just exploded 48% on a major copper discovery

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 Imugene Limited (ASX: IMU) share price finished the session on Tuesday at 25 cents — down 3.85%.

This is broadly in line with the general market, which also had a poor showing today. The S&P/ASX 200 Health Care Index (ASX: XHJ) fell 1.5% and the S&P/ASX All Ordinaries Index (ASX: XAO) dropped 1.21%.

The last time we heard from Imugene was on 10 August when it gave us an update on a clinical trial. The Imugene share price shot 11.11% higher on the day of the announcement.

Since then, Imugene shares have taken a decidedly downwards trajectory. Let’s take a look.

What’s happening with the Imugene share price?

Imugene shares are now down 17.67% on their closing price on 10 August. What gives? Well, let’s start at the beginning of this mystery.

On 10 August, Imugene shared some exciting news with the ASX. As my colleague Aaron covered, Imugene announced that the first patient from the third cohort of the Checkvacc Phase 1 clinical trial had been dosed.

Checkvacc is an oncolytic virotherapy candidate that aims to activate a patient’s immune system to treat and eradicate cancerous tumours.

ASX investors loved the news and bid up the Imugene share price to 30 cents. But the very next day, the shares went into reverse, losing 3.3%. That sometimes happens after a share price surge. Some investors take the short-term gains they’ve made after big news pushes an ASX share price higher.

But the downhill movement has been continuous — and painful. At 25 cents today, the shares are now lower than they were when the clinical trial announcement was made.

Is Imugene just following the market?

Well, the general market has fallen since 10 August but not as much as Imugene.

Since the closing bell on 10 August, the S&P/ASX 200 Health Care Index (ASX: XHJ) has fallen by 1.44%. The S&P/ASX All Ordinaries Index (ASX: XAO) has dropped 0.55%.

But with no news out of the company since 10 August, we might just have to put this almost 20% dip down to volatility. This isn’t uncommon with healthcare companies that are still trialling products and not yet making a profit. Their share price movements tend to hinge on clinical trial progress and results.

Is the Imugene share price a buy?

Arguably, one of the best times to buy any ASX share is on a share price dip that no one can explain. Or at least, a dip that has nothing to do with the fundamentals of the company itself. That’s called ‘buying the dip‘.

It’s worth noting that earlier this month, my colleague Zach reported that every broker covering Imugene had a buy rating on it, according to Refinitiv Eikon data.

The consensus price target for Imugene shares at the time was 56 cents per share.

Based on today’s closing share price, that means there’s a 124% upside available to ASX investors here.

The Imugene share price is down 42% year to date and down 22% over the past 12 months.

The post The Imugene share price has tumbled 18% since the company’s last update. What’s happening? appeared first on The Motley Fool Australia.

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More reading

• Why did the EML share price tumble 12% on Tuesday?
• Here are the top 10 ASX 200 shares today
• Looking to buy Woolworths shares? Here’s what to watch in this week’s earnings results
• 3 ASX 200 shares breaking multi-year highs on Tuesday
• Why has the Chalice Mining share price dived 13% in the past week?

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 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 Sezzle Inc (ASX: SZL) share price has exploded in the past month.

Since market open on 22 July, the Sezzle share price has soared 128%. However, in today’s trade, the Sezzle share price fell 6.16%. Meanwhile, the Zip Co Ltd (ASX: ZIP) share price also lost 6.12% today.

Let’s take a look at what has been going on with Sezzle.

What is going on?

Sezzle’s share price has lifted amid a positive outlook for the year ahead and improving market sentiment for the buy now, pay later (BNPL) sector.

Between market close on 26 of July and 28 July, the Sezzle share price rocketed 183% alone.

This sharp rise prompted the ASX to issue the company with a price query. In response, Sezzle said:

Investors led the increase in trading activity, because of the sector having been significantly down in recent weeks

Meanwhile, on 29 July, Sezzle provided a second quarter update. As my foolish colleague James reported at the time, underlying merchant sales lifted 1.9% to US$419.1 million. Meanwhile, total income lifted 6.8% to US$29.3 million.

Finally, on 18 August, Sezzle shares received a boost on news of the company’s July business update and plan to return to profit.

Sezzle revealed underlying merchant sales in July had risen 9.5% compared to the previous month to $141.2 million. Sezzle said as of 16 August, it has 64,000 subscribers.

Sezzle also highlighted its progress on cost-saving initiatives. Sezzle plans to end payment processing in India, lower third party spend, pull back Brazil and Europe efforts and reduce the workforce.

The company’s CEO Charlie Youakim, provided optimism that Sezzle would return to profit by the end of the year. He said:

We understand the impact these initiatives have on growth, so teams are moving expeditiously to achieve profitability before refocusing efforts back to growth

July’s results demonstrate the progress and success of our initiatives in Sezzle’s evolution to be a profitable and positive free cash flow business by year end.

Sezzle share price snapshot

The Sezzle share price has descended nearly 90% in the past year, while it has lost 77% year to date.

However, in the past week, Sezzle shares have lost nearly 17%.

Sezzle has a market capitalisation of about $140.7 million based on the current share price.

The post Why has the Sezzle share price exploded 128% in a month? appeared first on The Motley Fool Australia.

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More reading

• Why is the Block share price tumbling 6% today?
• Why is the Zip share price behaving so strangely on the ASX today?
• Sezzle share price soars 22% as BNPL company eyes profit target by year-end
• Sezzle share price tumbles 11% as losses deepen
• Why is the Zip share price tumbling 6% on Tuesday?

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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Investors must have been hungry to find some fish to put in their portfolios on Tuesday — well, not literally. However, two companies involved in fish farming were getting their fair share of attention on the ASX today.

At the closing bell, shares in takeover target Tassal Group Limited (ASX: TGR) were 0.1% higher to $5.155. That’s a new 52-week high for the salmon and prawn producer.

Meanwhile, the much smaller Murray Cod Australia Ltd (ASX: MCA) was an even fresher 12.5% in the green, finishing at 22.5 cents per share.

So, the question is: What has spurred on this recent taste for aquaculture?

Why these fishy shares were ASX winners today

The disastrous unravelling of supply chains amid one global event after another has put greater focus on food supply. Making do without toilet paper for a week might get messy, but going a week without food jeopardises survival.

We only need to look at commodities such as coal to see how costly an unmet demand can be. While Australia produces a huge volume of food that ends up being exported, the country is said to only have five days worth of supply at any given moment.

These concerns could be feeding into renewed investor interest in consumer staples. Prior to Russia invading Ukraine, Tassal shares were trading for $3.65 apiece. Now, the ASX share has a $5.23 per share takeover bid at its feet from Canadian aquaculture giant Cooke Inc.

Similarly, Murray Cod Australia enjoyed a solid session on the ASX today. While perhaps not big enough to be attracting billion-dollar buyouts yet, the company does have a notable feather in its cap.

As reported in The Australian, Murray Cod counts world-renowned chef Heston Blumenthal and his Fat Duck Group as a shareholder.

Murray Cod executive chair Ross Anderson believes the Tassal bid speaks volumes for the industry at large.

Commenting on the development, Anderson said:

It is a vindication of the quality of Australian aquaculture that large protein producers around the world – JBS and Cooke aquaculture – come as far as Australia and are prepared to pay the premiums to acquire those operations.

JBS is a Brazilian company that claims to be the world’s largest meat processor. It acquired former ASX company Huon Aquaculture Group Ltd in 2021.

Based on the closing price of Murray Cod on the ASX today, the company touts a market capitalisation of $153 million.

The post Something fishy was happening on the ASX today appeared first on The Motley Fool Australia.

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• 3 ASX All Ordinaries shares cracking new highs on Friday
• Why BHP, Life360, Tassal, and Temple & Webster shares are charging higher
• Tassal share price surges 5% on $1.7b takeover bid and full year earnings

Motley Fool contributor Mitchell Lawler has positions in Tassal Group Limited. 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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It turned out to be a fairly dreadful day of trading for ASX shares and the S&P/ASX 200 Index (ASX: XJO) on Tuesday’s session. At market close, the ASX 200 had dropped a painful 1.21% to 6,961.8 points. But that drop was nothing compared to the cliff that the EML Payments Ltd (ASX: EML) share price went over.

While the ASX 200 lost 1.21%, EML shares ended up closing at a flat $99.5 each, down a depressing 11.56% from yesterday’s close of $1.12.

So what went wrong for this ASX 200 payments company that might have elicited such a dramatic fall?

Why did the EML Payments share price crash 12% today?

Well, there wasn’t any fresh news out of EML today. However, it was only yesterday that the company dropped its full-year earnings report for FY2022.

As we went through yesterday, this saw EML report record revenues of $234.1 million, up 21% on the previous year. Earnings and profits were a bit more mixed, but EML also announced a new $20 million share buyback program.

Yesterday, investors’ reaction was unequivocal, with EML shares ending the trading day up a pleasing 6.6% after trading more than 13% higher at one point during the session.

But it seems today, investors have gotten a major case of ‘cold feet’. Since there is no additional news or announcements out of the company, this could be the most likely explanation for the shocker that EML shares had today.

It’s probably the last thing investors needed too. After this session, the EML share price is down a painful 70% or so over 2022 year to date. It’s also down almost 74% over the past 12 months.

At the last EML Payments share price, this ASX 200 payments share had a market capitalisation of $371 million.

The post Why did the EML share price tumble 12% on Tuesday? appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Looking to buy Woolworths shares? Here’s what to watch in this week’s earnings results
• 3 ASX 200 shares breaking multi-year highs on Tuesday
• Why has the Chalice Mining share price dived 13% in the past week?
• Here are the 3 most heavily traded ASX 200 shares on Tuesday

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 EML Payments. The Motley Fool Australia has positions in and has recommended EML Payments. 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 Sayona Mining Ltd (ASX: SYA) share price failed to hit the heights of some of its fellow ASX lithium stocks today, ending the day flat at 27.5 cents.

However, it outperformed the All Ordinaries Index (ASX: XAO), which closed down 1.21%, and the S&P/ASX 300 Index (ASX: XKO), which fell by a similar amount.

Let’s find out what happened with the Sayona Mining share price today.

What’s going on with Sayona Mining?

There’s been no news out of Sayona Mining today. In fact, the last price-sensitive announcement by the company came on 4 August.

It stated it had restarted North American Lithium (NAL) production in Quebec, Canada, with the first spodumene concentrate production expected in the first quarter of next year. Sayona shares soared 10% on the back of that news and surged another 17% four days later.

The Sayona Mining share price was enjoying another day in the green earlier today before slipping towards the close, but it remained ahead of the broader market.

It also outperformed ASX lithium peer Lake Resources NL (ASX: LKE), which ended the day 2.89% lower.

However, it proved an even better day for some other ASX lithium stocks. The Pilbara Minerals Ltd (ASX: PLS) share price closed 3.15% higher, while Allkem Ltd (ASX: AKE) shares gained 5.28%.

Global demand for lithium is soaring

These positive moves in the lithium sector came after Pilbara Minerals posted a very compelling earnings card for FY22 today. The company reported $1.2 billion of revenue, $814.5 million of earnings before interest, tax, depreciation, and amortisation (EBITDA), and $561.8 million of net profit after tax (NPAT).

More tellingly, for the rest of the market, Pilbara’s investors’ presentation contained the insight that a 1.8 million metric ton deficit for lithium is expected to be reached by 2040, with upside potential to spare.

In the markets, there’s a saying that “a rising tide lifts all boats,” meaning that an improved backdrop for the economy will help all those who contribute to it.

That could be part of the reason why Sayona Mining and some of its fellow ASX lithium stocks have outperformed today.

Sayona Mining share price snapshot

The Sayona Mining share price is up 96% year to date and 111% over the past year. It’s also up 45% over the past month.

Sayona Mining has a market capitalisation of $9.44 billion.

The post Why did the Sayona Mining share price beat the ASX All Ords on Tuesday? appeared first on The Motley Fool Australia.

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More reading

• Why is the Sayona Mining share price surging 8% on Friday?
• Why is the Sayona Mining share price so volatile?
• Why are ASX lithium shares having such a cracking start to the week?
• Why is the Lake Resources share price up so much more than other ASX lithium shares today?
• Why has the Sayona Mining share price rocketed almost 100% in a month?

Motley Fool contributor Matthew Farley 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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Tuesday was another rough session for many S&P/ASX 200 Index (ASX: XJO) shares as the index traded in the red for a second consecutive day. The ASX 200 closed 1.21% lower at 6,961.8 points today.

That was despite a strong performance from S&P/ASX 200 Energy Index (ASX: XEJ) shares. The sector recorded a 1.3% gain on Tuesday after oil prices retreated slightly and ahead of earnings from Worley Ltd (ASX: WOR), set to be released tomorrow, and Whitehaven Coal Ltd (ASX: WHC), dropping on Thursday.

The Brent crude oil price fell 0.2% to US$96.48 a barrel overnight while the US Nymex crude oil price slipped 0.6% to US$90.23 a barrel.

On the other end of the market, the S&P/ASX 200 Consumer Staples Index (ASX: XSJ) dumped 3.8%, weighed down by shares in drinks and hospitality company Endeavour Group Ltd (ASX: EDV). The company’s stock plummeted 12.3% on the back of its full-year earnings.

At the end of Tuesday’s session, two of the ASX 200’s 11 sectors were trading in the green.

But which share was crowned today’s best performer? Keep reading to find out.

Top 10 ASX 200 shares countdown

Today’s best-performing ASX 200 share was Altium Limited (ASX: ALU). Stock in the software tech company gained around 20% following the release of monster financial year 2022 earnings. Find out more about the company, including how brokers responded to its earnings, here.

Today’s biggest gains were made by these ASX shares:

ASX-listed company	Share price	Price change
Altium Limited (ASX: ALU)	$35.84	19.75%
Ansell Limited (ASX: ANN)	$27.30	8.59%
Allkem Ltd (ASX: AKE)	$13.16	5.28%
Adbri Ltd (ASX: ABC)	$2.31	4.52%
Pointsbet Holdings Ltd (ASX: PBH)	$3.22	3.21%
Pilbara Minerals Ltd (ASX: PLS)	$3.27	3.15%
West African Resources Ltd (ASX: WAF)	$1.33	3.1%
City Chic Collective Ltd (ASX: CCX)	$2.36	3.06%
Whitehaven Coal Ltd (ASX: WHC)	$7.75	2.79%
De Grey Mining Limited (ASX: DEG)	$0.93	2.76%

Our top 10 ASX 200 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

• Looking to buy Woolworths shares? Here’s what to watch in this week’s earnings results
• 3 ASX 200 shares breaking multi-year highs on Tuesday
• Why has the Chalice Mining share price dived 13% in the past week?
• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• Why Altium, Ansell, Monadelphous, and Pilbara Minerals shares are charging higher

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 positions in and has recommended Altium and Pointsbet Holdings Ltd. The Motley Fool Australia has recommended Ansell Ltd. and Pointsbet 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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