The S&P/ASX 200 Index (ASX: XJO) closed up a robust 0.77% on Friday at 6,578.7 points.

In 2022, the index has dropped by around 13%, presenting ASX investors with potential new opportunities.

Top broker Goldman Sachs says new value is emerging. In a new note, the broker names its best ASX 200 picks as the market correction continues.

ASX 200 P/E ratio now 15% below 20-year average

The broker says the ASX 200 is trading at a 12.2x forward price-to-earnings (P/E) ratio, according to reporting in the Australian Financial Review (AFR).

Goldman Sachs analysts Matthew Ross, Bill Zu, and Tony Wu say that’s 15% below the 20-year average.

According to the note:

From a valuation perspective, our global strategists believe that market pricing is more consistent with a mild recession than an average or deep recession, a view we share in the context of the Australian market.

While we expect multiples on most ‘growth’ stocks to continue to unwind, a growing number of these names have now de-rated so significantly that they have fallen out of our “High P/E” screen and now trade at significant discounts to their five-year averages.

So, which ASX 200 shares does Goldman like?

Goldman’s picks of the ASX 200 are A2 Milk Company Ltd (ASX: A2M), Aristocrat Leisure Limited (ASX: ALL), ARB Corporation Limited (ASX: ARB), Blackmores Limited (ASX: BKL), Breville Group Ltd (ASX: BRG), Domain Holdings Australia Ltd (ASX: DHG), EML Payments Ltd (ASX: EML), Pinnacle Investment Management Group Ltd (ASX: PNI), and Reece Ltd (ASX: REH).

Goldman notes that the impact of higher interest rates and slowing economic growth are yet to feed into consensus earnings revisions.

The broker said investors should keep in mind that while long-duration growth assets have de-rated, they remain expensive relative to the current level of interest rates.

Goldman says commodity stocks are trading well below all prior valuation troughs, and they comprise a uniquely large component of the ASX 200.

It also said ASX shares offer slightly less value than bonds compared to before the sell-off.

The post 9 ASX 200 shares now trading at ‘significant discounts’: broker appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX shares today
• 2 cheap ASX 200 shares to buy that no one talks about: Glenmore
• Experts have named these top growth shares as buys
• 3 high-quality ASX 200 shares trading at 52-week lows right now
• Why Blackmores, Lake Resources, St Barbara, and Zip shares are dropping

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 EML Payments, Goldman Sachs, and PINNACLE FPO. The Motley Fool Australia has positions in and has recommended EML Payments and PINNACLE FPO. The Motley Fool Australia has recommended A2 Milk, ARB Corporation Limited, and Blackmores 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 been a rough few months for the Nickel Industries Ltd (ASX: NIC) share price.

Shares in Nickel Industries (formerly known as Nickel Mines) closed flat at $1.01 on Friday, underperforming the S&P/ASX 200 Index (ASX: XJO), which gained 0.77%.

The company has now lost 19% of its value over the past month alone, as well as 31% over 2022 thus far.

As my Fool colleague Monica covered earlier this month, Nickel Industries has been hit hard by the falling price of nickel itself.

Since the price of this base metal spiked back in March, nickel has fallen by almost 50%. So it’s perhaps no wonder that the Nickel Industries share price has come under pressure over the same period.

What about the dividend for Nickel Industries shares?

But falling share prices carry a silver lining when it comes to dividends. And Nickel Industries is a dividend-paying ASX share. So let’s check out what the current dividend yield for this company is today.

Nickel Industries has paid out two dividends covering FY 2022. The interim dividend hit investors’ bank accounts in September of last year. The final payment was doled out back In February this year. Both payments were worth 2 cents per share, and came unfranked.

A trailing annual dividend payment of 4 cents per share (in some neat maths) works out to give Nickel Industries a trailing dividend yield of 3.9% on the current share price of $1.01.

But that is only a trailing dividend yield. For investors to receive this yield going forward, Nickel Industries will have to at least maintain its dividend payouts for its next two dividend payments. This, of course, is not guaranteed.

No doubt investors will be keen to see what kind of cash comes their way going forward.

This ASX 200 resources share has a market capitalisation of $2.72 billion.

The post What is the current dividend yield on Nickel Industries shares? appeared first on The Motley Fool Australia.

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More reading

• The Nickel Industries share price has tumbled 36% since early March. What’s going on?
• Why did the Nickel Industries share price leap 7% on Friday?
• Why are ASX nickel shares tumbling today?

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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Investors who hold small-cap ASX shares have watched in horror this year as their investments turned to a sea of red.

And it’s not just paranoia — their underperformance is shown in the numbers. 

The S&P/ASX Small Ordinaries (ASX: XSO) is down about 27% so far this year, while its large-cap sibling the S&P/ASX 200 Index (ASX: XJO) has fallen only half that amount.

The team at Ophir Asset Management, which has traditionally favoured the smaller segment of the market, admitted 2022 has been a vomit-inducing ride.

“There is no doubt that in this tough market investors are seeing the downsides of small caps – greater volatility, less liquidity and bigger falls,” they said in a recent memo.

Sliding markets, like right now, are a test of nerve and patience for investors, according to Ophir analysts.

“They can also reveal what an investor’s true risk tolerance is, compared to what may be stated during much calmer investment waters,” read their memo.

“[But] by this stage it is often too late if an investor hasn’t ‘right-sized’ their allocation to small caps.”

It’s only human nature that some investors would be “questioning why they should bother” holding small-cap ASX shares.

To settle those nerves, the Ophir team put up four reasons why it’s worth holding on to the little guys through stormy seas:

1. Conditions have never been better for the little battler

Never in history have we been in a period where a small company with a great idea has such an opportunity to seriously disrupt larger incumbents.

Technology and globalisation have played a massive role in making it easier for smaller fish to challenge the big fish.

“Many businesses are software-based and they can be scaled to a global audience,” read the Ophir memo.

“Video conferencing technology and real-time supply-chain management solutions mean a CEO can run a manufacturing business scattered throughout the world.”

Governments and authorities have also become more savvy in regulating for competitive markets.

“Back in the late 19th century in the US, the largest companies were often controlled by the so-called ‘robber barons’, who created powerful monopolies in their industries from real estate, railroads and finance to steel and oil,” stated the Ophir team.

“Over time, policymakers and regulators increasingly recognised that competition benefited consumers and the playing field started to change.”

The leaders of tomorrow will come from small caps, according to Ophir.

“Investors who find these companies early can earn big returns before the company becomes a mature industry leader and known to the masses.”

2. Small caps have historically rewarded investors

Speaking of big returns, the Ophir team’s second point was that smaller companies have traditionally provided higher returns to investors over the long run.

“Amazingly, since 1926 in the US, US$1 invested in large caps grew to US$5,767 dollars by the end of 2017,” read the memo.

“But if it was invested in small caps it grew to a staggering US$38,842.”

But expectations must be set about the investment horizon.

“Though it is reasonable to assume that small-cap investors will continue to earn a premium because of small caps’ riskier nature, this may not occur over all periods,” said the Ophir team.

“There have been periods of 10 to 20 years where small caps have underperformed large caps, including in Australia.”

3. Finding mispricing opportunities is easier among small caps

When there are fewer analysts studying a particular company, the higher chance there is of something being missed and the stock price not reflecting the business’ fair value.

This “inefficient market” can provide golden opportunities for investors who put in the time to research the smaller gems.

“The latest Standard & Poor’s SPIVA Scorecard for active managers to December 2021 show that large-cap active managers, on average, have underperformed their benchmark over the longer term after fees,” read the Ophir memo.

“But small-cap managers have outperformed. Our Australian small-cap Ophir Opportunities Fund, which has the longest track record of any of our funds, has also outperformed.”

In the short term though, just like in 2022, circumstances can hinder picking small-cap winners.

“Competition is always increasing in markets and many other things can influence share prices in the short term other than fundamentals.”

4. There are bargains galore

And the final reason to keep faith in small-cap ASX shares is that a volatile time like now generates some excellent bargains to be purchased.

“Of course, a key part of this value has been the painful compression in valuations across most equity markets, generally most pronounced in small caps.”

The Ophir team crunched the cyclically adjusted price-to-earnings (P/E) ratios of the Australian and US small-cap indices versus the large-cap counterparts. 

It concluded that small-cap shares are heavily discounted at the moment and that, starting from now, an annual return rate in excess of 15% across its funds is not out of the question.

“Small-cap market returns look favourable over the next 5+ years,” read the memo.

“A large part of that confidence stems from investing in an attractively valued and less efficient small-cap market with an investment process that we believe gives us an edge in identifying mispriced companies over the long term.”

The post 4 reasons to stick with battered small-cap ASX shares appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX shares today
• Here are the 3 most heavily traded ASX 200 shares on Friday
• ASX 200 midday update: Qantas’ market update, lithium shares rebound
• 5 things to watch on the ASX 200 on Friday
• Here are the 3 most heavily traded ASX 200 shares on Thursday

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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What do you get when you put rising inflation and interest rates together? Caution. Fear. Penny-pinching. A metaphorical slamming shut of wallets across the nation as consumer confidence falls.

This doesn’t bode well for ASX retail shares, particularly those in the consumer discretionary sector.

What’s happened to consumer confidence?

As my Fool colleague Mitch reported last week, the latest Westpac-Melbourne Institute consumer sentiment index fell by 4.5% from the prior quarter to 86.4.

A reading below 100 indicates we’re feeling pretty worried. And the lower that number goes, the more inclined we are to not spend money on the things we want but don’t actually need or can put off.

The latest reading is concerning for the economy, given it’s around 10 points off how we felt at the onset of COVID-19 (75.6 points) and during the global financial crisis (79 points).

The factors feeding into this lacking confidence are skyrocketing energy prices, rising costs for various goods and services, and higher mortgage repayments as the banks increase home loan interest rates.

Bell Asset Management sums up the situation:

At present, the economy remains on a reasonably strong footing, but there is an increased risk of reduced consumer discretionary spending as priorities of the household wallet shift more toward essential purchases of fuel, utilities and food.

What does this mean for ASX retail shares?

Well, from an earnings point of view, you’d have to think falling consumer confidence wouldn’t be good for the bottom line of consumer discretionary stocks, in particular.

But if we look at ASX retail shares this week, many have done well.

Let’s take a quick snapshot of the week’s trade in ASX retail shares following the market close on Friday.

• JB Hi-Fi Limited (ASX: JBH) up 3.65% to $39.43 this week
• Super Retail Group Ltd (ASX: SUL) up 3.73% to $8.61
• Harvey Norman Holdings Limited (ASX: HVN) up 1.34% to $3.78
• Premier Investments Limited (ASX: PMV) up 2.07% to $20.17
• City Chic Collective Ltd (ASX: CCX) up 9.43% to $1.915

Of course, we have to bear in mind that the major market sell-off this year has made many ASX 200 shares look cheap. Some investors might be buying the dip or dollar-cost averaging already, and lifting share prices as they go.

But looking ahead, one broker is decidedly bearish on ASX retail shares.

Top broker bearish on retail sector

UBS has slashed its forecasts for ASX retail shares, according to reporting in The Australian.

UBS analyst, Shaun Cousins said in a new note:

The external environment has deteriorated dramatically such that our more mixed
view of the consumer is no longer justified and a more bearish view is required.

Cousins cut his FY23 EPS estimates by an average 23% to below consensus estimates.

He downgraded Harvey Norman, City Chic Collective, and Accent Group Ltd (ASX: AX1) .

Of the ASX retail shares he covers, Cousins cut his share price targets by an average 29%.

Cousins said:

Investor appetite for consumer discretionary retail is extraordinarily low, with value
investors yet to engage with the sector given further downside risk to earnings.

UBS has also cut its share price target on Lovisa Holdings Ltd (ASX: LOV) by 20% to $16.

The broker has also reduced its price target on Premier Investments, by 26% to $23, and Super Retail by 27% to $9.50.

The post What impacted ASX 200 retail shares this week? appeared first on The Motley Fool Australia.

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More reading

• 2 quality ASX dividend shares with 6%+ yields experts rate as buys
• Here’s where I’d invest $3,000 into ASX growth shares today
• How do you value the JB Hi-Fi share price in June?
• Why Bowen Coking Coal, Lake Resources, Premier, and ResApp shares are tumbling lower
• Why is the Premier Investments share price falling today?

Motley Fool contributor Bronwyn Allen has positions in Harvey Norman Holdings Ltd. and Super Retail Group Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Harvey Norman Holdings Ltd. and Super Retail Group Limited. The Motley Fool Australia has positions in and has recommended Harvey Norman Holdings Ltd. and Super Retail Group Limited. The Motley Fool Australia has recommended Accent Group, Lovisa Holdings Ltd, and Premier Investments 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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A number of shares have been beaten down this year following the mini market crash.

While this is disappointing, it could have created a buying opportunity for investors once the volatility ends. Here’s why these ASX shares could be top options:

Altium Limited (ASX: ALU)

The first beaten down ASX share for investors to look at is Altium. It is the electronic design software provider behind the Altium 365 and Altium Designer platforms, the Nexus collaboration platform, and the Octopart search engine.

The Altium share price is down 37% since the start of the year. This could be a buying opportunity according to analysts at Bell Potter. They currently have a buy rating and $34.00 price target on Altium’s shares. This implies potential upside of 21% for investors over the next 12 months.

Bell Potter’s analysts believe Altium is “on track to achieve its FY22 guidance and expect much better subscriber growth in 2HFY22 relative to 1HFY22.”

Domino’s Pizza Enterprises Ltd (ASX: DMP)

Another beaten down ASX share to look at is Domino’s. It is one of the world’s largest pizza chain operators with stores across the ANZ, Asia-Pacific, and European regions.

Its shares have fared even worse than Altium’s in 2022 and are down 46% since the turn of the year. Morgans believes this weakness is a buying opportunity and recently put an add rating and $93.00 price target on its shares. This implies potential upside of 40% for investors between now and this time next year.

Morgans remains positive on the company due to its store rollout plan, which it notes is “the engine of DMP’s growth.” And while near term trading conditions may be tough, the broker believes “the medium-term opportunity is absolutely undiminished.”

The post 2 beaten down ASX shares named as buys by experts appeared first on The Motley Fool Australia.

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More reading

• Could Altium shares benefit from the global chip shortage?
• Why no news could be good news for the Altium share price
• 5 things to watch on the ASX 200 on Tuesday
• Top brokers name 3 ASX shares to buy next week
• 3 ASX shares to buy for scary times: experts

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 Altium. The Motley Fool Australia has recommended Dominos Pizza Enterprises 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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There are a lot of shares to choose from on the Australian share market.

In order to narrow things down for investors, listed below are two ASX shares that are rated highly by analysts. Here’s why they could be top buy and hold options:

Lovisa Holdings Limited (ASX: LOV)

The first ASX share that could be a top buy and hold option is Lovisa.

Morgans is very positive on Lovisa due to its global expansion plans and its new and highly experienced CEO, Victor Herrero. The broker sees a huge opportunity for Lovisa in the massive US market. It explained:

Lovisa’s global footprint now spans 22 countries. In our opinion, investors can expect this number to increase steadily while, at the same time, Lovisa builds out its presence in its existing markets. We do not think there is any lack of opportunity. In the US, for example, Lovisa now has 81 stores, representing 0.25 stores for every million people), compared to Australia with 158 stores, 6.15 stores for every million people.

Morgans has an add rating and $24.00 price target on its shares.

TechnologyOne Ltd (ASX: TNE)

Another ASX share that could be a top buy and hold option is TechnologyOne. It is an enterprise software provider servicing the government, financial services, health and community services, education, and utilities and managed services markets.

TechnologyOne appears well-placed for growth thanks to its shift to a software-as-a-service (SaaS) model and its UK expansion. It also has defensive qualities, which Goldman Sachs finds particularly attractive in the current environment. It commented:

Defensive end markets (public sector and education) with IT spending that are relatively resilient to recessions. Contractual CPI pricing pass-through, high recurring revenue, minimal churn (<1%), high margins and net cash are attractive attributes in a slowing economy. In addition, TNE’s recent result highlight continued momentum towards the +A$500mn FY26 ARR target, providing valuable earnings growth visibility over coming years, in our view.

Goldman has a buy rating and $13.30 price target on the company’s shares.

The post Analysts name 2 excellent ASX shares to buy and hold appeared first on The Motley Fool Australia.

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More reading

• Brokers name 3 ASX shares to buy today
• Experts name 3 ASX growth shares to buy with enormous upside potential
• Could be ‘one of the biggest success stories’: Top broker tips 87% upside for Lovisa shares
• Experts name 2 ASX growth shares to buy with major upside potential
• TechnologyOne share price is a buy ahead of profit growth acceleration: broker

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 recommended Lovisa Holdings Ltd and TechnologyOne 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 ResMed Inc (ASX: RMD) share price was on form on Friday.

The sleep treatment focused medical device company’s shares rose almost 3% to $30.45.

Can the ResMed share price keep rising?

The good news for investors is that one leading broker still sees plenty of room for the ResMed share price to keep rising.

According to a recent note out of Goldman Sachs, its analysts have a buy rating and $34.40 price target on its shares.

This implies potential upside of 13% for investors over the next 12 months.

What did the broker say?

Goldman notes that ResMed has announced plans to acquire Medifox Dan for US$1 billion.

It is an out-of-hospital software provider based in Germany which generated revenue of US$83 million and EBITDA of US$35 million in calendar year 2021.

Goldman appeared pleased with the deal. It commented:

The acquisition goes some way to answering a long-held question the market has had around when/how the company would attempt to replicate its SaaS strategy outside of the US market.

What else is the broker saying?

Its analysts also highlight that the ResMed share price has been underperforming in FY 2022 due to concerns over supply chain headwinds. This has stopped the company from taking full advantage of a major product recall from rival Philips.

However, Goldman feels the market is overreacting and expects elevated demand to stick around long enough for ResMed to benefit. It also sees a backlog of patients waiting to be diagnosed as a potential upside risk to estimates.

Its analysts explained:

We believe the elevation in demand could persist beyond the time it takes for component shortages to improve (via both external and internal factors) and, as such, the YTD underperformance of the shares may be over-capitalising relatively short-term headwinds.

We believe the backlog of new patients may add upside to our estimates if there is a material realisation of incremental devices/masks sales to new patients in FY23/24 (supply chain pressures permitting). The return of PHIA to the market may actually help in this regard, as the company supplies critical diagnosis equipment.

The post Why Goldman Sachs sees 13% upside for the ResMed share price appeared first on The Motley Fool Australia.

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More reading

• This is what I’d do with these 3 battered ASX shares: fund manager
• Goldman names 2 ASX healthcare shares to buy
• 2 ASX shares to benefit from strong US dollar: expert
• Why I would invest $10,000 in these 3 ASX shares
• ASX 200 midday update: ResMed’s US$1bn acquisition, tech shares continue to sink

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 Goldman Sachs and ResMed Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended ResMed. The Motley Fool Australia has positions in and has recommended ResMed Inc. 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 Regis Resources Limited (ASX: RRL) share price has fallen 18% over the past week.

This comes despite the company keeping a relatively quiet profile on the news front.

At Friday’s market close, the gold miner’s shares recovered some lost ground to finish 1.32% higher at $1.54. That’s 18.09% lower than the $1.88 it closed at the previous Friday.

It’s worth noting that Regis Resources shares touched a 52-week low of $1.465 on Friday before quickly reversing their losses.

What’s happening with Regis Resources?

After four consecutive sessions in the red, it appears investors are taking advantage of the Regis Resources share price weakness.

The extreme volatility on the ASX mixed with a deteriorating gold price have caused havoc with the company’s shares.

This is because of fears surrounding more aggressive rate hikes by the Reserve Bank of Australia to cool down inflation.

While the negative news has been priced in, investors will be eagerly awaiting the next consumer price index report. This is scheduled to be released on 27 July and will tell us about the latest inflation levels for the June quarter.

If interest rates are accelerated, it’s possible the Regis Resources share price could fall further as investors switch to government bonds.

At the time of writing, the yellow metal is fetching US$1,823 per ounce. This represents a decline of almost 2% in the past 30 days.

In addition, the S&P/ASX 300 Metals and Mining Industry (ASX: XMM) has also headed south over the past week, down by almost 6%.

The sector contains companies in the top 300 ASX companies that are involved with gold, steel, and precious metals.

Regis Resources share price performance

It’s been a rough ride for Regis shareholders with the company’s shares plummeting by 21% in 2022.

However, when looking at the past 12 months, those losses are further amplified with the Regis Resources share price down 37%.

Based on today’s closing price, the company presides a market capitalisation of approximately $1.15 billion.

The post Down 18% in a week, what’s stolen the shine from the Regis Resources share price? appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Thursday
• 5 things to watch on the ASX 200 on Tuesday
• These are the 10 most shorted ASX shares
• 5 things to watch on the ASX 200 on Thursday
• These are the 10 most shorted ASX shares

Motley Fool contributor Aaron Teboneras 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) rebounded slightly this week after two consecutive weeks of poor performance. The benchmark index ended the session 0.74% higher at 6,576.40 points.

Nine of the index’s 11 sectors closed higher, led by the S&P/ASX 200 Information Technology Index (ASX: XIJ)’s 6% gain. It was likely driven upwards following decent gains on Wall Street overnight.

Meanwhile, the S&P/ASX 200 Energy Index (ASX: XEJ) was the market’s worst performer, falling 1.5%. Coal shares were the sector’s biggest weight despite the price of coal lifting overnight. Though, lower oil prices likely also weighed on the index.

But beyond the gloom, many of the ASX’s top 200 shares outperformed on Friday. Here were the best of the bunch:

Top 10 ASX shares countdown today

Looking at the top 200 listed companies by market capitalisation, Latitude Group Holdings Ltd (ASX: LFS) has bested the rest. The financial services provider’s stock surged 18%, recovering some of its gains from earlier this week. Read more about Latitude’s performance here.

Following on Latitude’s heels is the Block Inc (ASX: SQ2) share price. The payments provider lifted alongside its tech peers on Friday, gaining 11% to do so. Find out more about Block here.

Today’s top 10 biggest gains were made by these ASX shares:

ASX-listed company	Share price	Price change
Latitude Group Holdings Ltd (ASX: LFS)	$1.275	18.06%
Block Inc (ASX: SQ2)	$99.03	11.53%
Paladin Energy Ltd (ASX: PDN)	$0.59	10.28%
Liontown Resources Limited (ASX: LTR)	$0.9675	9.94%
Wisetech Global Ltd (ASX: WTC)	$38.99	8.37%
Core Lithium Ltd (ASX: CXO)	$0.91	8.33%
REA Group Limited (ASX: REA)	$114.17	8.3%
Pexa Group Ltd (ASX: PXA)	$13.16	7.96%
Pro Medicus Limited (ASX: PME)	$43.56	7.93%
Domain Holdings Australia Ltd (ASX: DHG)	$3.00	7.91%

Data as at 4:00 AEST

Our top 10 ASX shares today countdown is a recurring end-of-day summary to ensure you know which companies were making big moves on the day. Check in at Fool.com.au after the market has closed during weekdays to see which stocks make the countdown

The post Here are the top 10 ASX 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
• Latitude share price launches 19% in first major gain since scrapped Humm deal
• 3 ASX All Ordinaries shares going gangbusters on Friday
• Why Betmakers, Block, Lake Resources, and Vulcan shares are racing higher
• The Zip share price is rocketing 14% today. What’s going on?

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 Block, Inc., PEXA Group Limited, Pro Medicus Ltd., and WiseTech Global. The Motley Fool Australia has positions in and has recommended Block, Inc., Pro Medicus Ltd., and WiseTech Global. The Motley Fool Australia has recommended REA 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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The S&P/ASX 200 Index (ASX: XJO) is giving investors a pleasant end to what has been a rather wild trading week. At the time of writing, the ASX 200 is currently up by 0.39% at around 6,554 points.

So let’s dive deeper into these market moves and have a look at the shares that are topping the ASX 200’s share volume charts right now, according to investing.com.

The 3 most traded ASX 200 shares by volume this Friday

Pilbara Minerals Ltd (ASX: PLS)

It’s all about those ASX 200 lithium stocks today, so let’s kick off with Pilbara Minerals. Pilbara has had a notable 20.61 million shares trade hands as it currently stands. There hasn’t been any new news out of Pilbara today.

However, this company has enjoyed a healthy share price rise this Friday. Pilbara shares have gained a pleasing 5.4% so far today and are trading at $2.16 a share. This seems to be the cause of the elevated volumes we are seeing.

Core Lithium Ltd (ASX: CXO)

Next up is Pilbara’s fellow ASX 200 lithium share Core Lithium. So far today, a sizeable 27.03 million Core Lithium shares have flown around the ASX boards. Again, it looks as though we have a big share price move to thank for this.

At the time of writing, an eye-catching 7.74% has been added to the Core Lithium share price today, pulling it up to 90 cents.

Lake Resources N.L. (ASX: LKE)

Our third, final and most traded ASX 200 share today is yet another lithium stock in Lake Resources. Like Core Lithium, Lake Resources only joined the ASX 200 index this week. But it has certainly had a baptism of fire, losing more than half of its value since Monday alone.

Saying that, Lake Resources shares are bouncing back with a vengeance today, and are up a pleasing 11.4% at 78 cents each so far. This decisive move upwards is almost certainly behind the whopping 79.15 million Lake Resource shares that have been bought and sold today.

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 3 ASX shares to buy today
• Why Betmakers, Block, Lake Resources, and Vulcan shares are racing higher
• ‘Nothing has changed’: Why the Lake Resources share price is rocketing 19% today
• ASX 200 midday update: Qantas’ market update, lithium shares rebound
• 5 things to watch on the ASX 200 on Friday

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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