If you’re interested in adding some growth shares to your portfolio in the near future, then the two listed below could be worth considering.

These ASX growth shares have been named as buys and tipped to generate strong returns for investors. Here’s what you need to know about them:

NextDC Ltd (ASX: NXT)

The first ASX growth share to look at is NextDC. It is a data centre operator with a collection of world class centres across key locations throughout Australia.

But NextDC isn’t settling for that. It is also aiming to grow its data centre network with edge centres in regional areas and by expanding into the Singapore and Tokyo markets. Overall, this is positioning the company to capture the increasing demand for data centre capacity thanks to the ongoing structural shift to the cloud.

Citi is a fan of the company. It has a buy rating and $14.55 price target on NextDC’s shares. Based on the latest NextDC share price of $11.17, this implies potential upside of 30% for investors.

TechnologyOne Ltd (ASX: TNE)

Another ASX growth share to look at is enterprise software provider TechnologyOne.

It is in the process of transitioning from a traditional software company into a software-as-a-service (SaaS) focused business. Pleasingly, this transition is going very well and is positioning TechnologyOne to deliver strong recurring revenue growth over the coming years.

In fact, management believes it is on track to achieve its annual recurring revenue (ARR) target of over $500 million by FY 2026. This is almost double its current base ARR of $257.5 million.

Bell Potter is very positive on the company and has been pleased with the transition. The broker has a buy rating and $14.00 price target on its shares at present. Based on the latest TechnologyOne share price of $10.92, this suggests that there is potential upside of over 28% for investors over the next 12 months.

The post Analysts name 2 ASX growth shares to buy with ~30% upside potential appeared first on The Motley Fool Australia.

More reading

• Here are 2 excellent ASX 200 shares analysts rate as buys
• 2 ASX tech shares that are cheap enough to buy now
• A growing ASX 200 tech share to buy now: fund manager
• 2 ASX tech shares expecting a lot of long-term growth
• 2 highly rated ASX 200 shares analysts are tipping as buys right now

Motley Fool contributor James Mickleboro owns NEXTDC 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 Bruce Jackson.

from The Motley Fool Australia https://ift.tt/YGl6COb

The CSL Limited (ASX: CSL) share price finished the session in the green on Thursday at $264.95, up 0.76%. For many years, this blue-chip behemoth has been a star performer of the ASX. Over the five years leading up to the COVID-19 market meltdown in March 2020, CSL stock ascended by almost 200%.

The pandemic has sent this ASX biotech share on a rollercoaster ride. In the past 12 months, CSL shares reached a 52-week high of $319.78 in November 2021. They then took a tumble to a 52-week low of $240.10 in February. In the year to date, the CSL share price is down by 9%.

Which begs the question: Should you buy the dip?

A 9% discount year-to-date

A 9% dip might not sound significant for an expensive stock like CSL but consider this. Before the pandemic, the CSL share price peaked at an all-time high of $342.75 — which might make today’s price of $264-ish look a little different in terms of a potential buying opportunity.

And here’s what the experts have to say.

Analysts at Citi recently retained their buy rating on CSL and valued the company at $335 per share. That’s an enormous price target that signifies a 26% total shareholder return if it were to eventuate.

“Over the next six months, we expect the market to focus on the strong underlying plasma market demand, and the closure of the Vifor deal, both of which should lead to strength in the share price,” the broker commented in a recent note.

Citi joins an extensive list of analysts advocating CSL, with 87% of coverage saying buy and just 12.5% saying sell. The consensus price target is $316.60, so Citi sits above the consensus with its analysis. So does Macquarie.

What does Macquarie think of the CSL share price?

The broker is bullish on CSL and reckons there will be a strong growth trajectory until FY24, given a variety of catalysts.

It recently noted that CSL’s acquisition of Vifor Pharma lends the biotech giant opportunities in the iron deficiency and kidney disease segments. Not only that, but the Vifor buy enables CSL to diversify into new markets whilst adding new opportunities for research and development (R&D).

It prices CSL at $327 per share on a buy rating, aloft consensus, but not too far off the share’s 52-week high of $319 in November.

The post Should ASX investors buy the dip in the CSL share price? appeared first on The Motley Fool Australia.

More reading

• 2 blue chip ASX 200 shares analysts rate as buys this month
• Top brokers name 3 ASX shares to buy today
• ASX 200 healthcare shares were chronically ill last quarter. Take a look
• How is the CSL share price performing against its sector in 2022?
• 2 of the highest quality ASX 200 shares analysts are tipping as buys

Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor Zach Bristow has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended CSL Ltd. The Motley Fool Australia has recommended Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/UcCwIBx

Looking for investment ideas for after the Easter break? Listed below are two high quality ASX 200 options to consider right now.

Here’s what you need to know about these ASX 200 shares:

Goodman Group (ASX: GMG)

The first ASX 200 share to look at is Goodman Group. It is a leading integrated commercial and industrial property company with a portfolio of high quality properties.

These properties are in high demand with end users because they have exposure to key growth markets such as ecommerce and logistics and are found in key locations close to gateway cities.

Thanks to this strong demand and its material development pipeline, Goodman has been tipped to continue its solid growth in the coming years. In fact, the team at Citi believe that Goodman will outperform its upgraded guidance in FY 2022 and continue its strong growth thereafter.

It said: “We continue to see guidance as conservative, with our EPS estimates rising 5% in FY22 and c. 6% thereafter. We now forecast c. 23% EPS growth in FY22 and c. 19% EPS CAGR from FY21-FY24. Our TP increases 5% on higher asset values and higher earnings. GMG remains OUR top pick in the sector.”

Citi has a buy rating and lifting its price target to $29.50 on its shares.

REA Group Limited (ASX: REA)

Another ASX 200 share to consider is property listings company REA Group. It is best-known for the realestate.com.au website, which has been dominating the ANZ market for years.

This domination has continued in FY 2022, with the company reporting 3.3 times more visits than its nearest rival. This includes a record 13.2 million people visiting its local site in October.

In light of this dominance, the robust housing market, and new acquisitions and revenue streams, REA Group has been tipped to continue its growth in the coming years by the team at Goldman Sachs.

Its analysts said: “With a strong start to 2H (i.e. listings +14% in Jan), and continued pricing/depth residential tailwinds, we expect solid 2H momentum. […] We forecast FY23 EBITDA growth of +7%, assuming (1) -5% listings headwinds (-7% adj. for non-repeat of Fed Election) offset by +6% price and +3% depth/new products (such as Audience Max/Connect).”

Goldman has a buy rating and $167.00 price target on the company’s shares.

The post 2 highly rated ASX 200 shares analysts are tipping as buys appeared first on The Motley Fool Australia.

More reading

• 2 of the highest quality ASX 200 shares analysts are tipping as buys
• E-commerce is booming. Which ASX shares have exposure to warehouses?
• Top brokers name 3 ASX shares to buy today
• Carnage in 2022: Are these 2 top ASX 200 tech shares now buys?
• Why Bank of Queensland, Block, Premier Investments, and REA shares are dropping

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended REA Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/iw6ShGk

Leading brokers are always on the lookout for opportunities that look good. ASX growth shares could be the answer after the recent sell-off.

Some business valuations are much lower amid volatility after the Russian invasion of Ukraine and the talk of rising interest rates.

With that in mind, here are two businesses that those leading analysts like:

Xero Limited (ASX: XRO)

Xero is a world leader when it comes to cloud accounting software. It has a global subscriber base, with significant numbers in Australia, the United Kingdom and New Zealand.

Since the start of 2022, the Xero share price has declined by around 30%.

The broker Ord Minnett has called Xero a buy, thinking it’s not the same sort of company as the no-profit businesses that have been sold off heavily this year.

Ord Minnett believes that Xero can benefit from the tailwinds that the ASX growth share is seeing. The price target is $107.

The Xero CEO Steve Vamos himself acknowledged how the environment benefited Xero when he commented in the FY22 half-year result release:

Small businesses around the world increasingly recognise the critical importance of digital tools to help them adapt to, and succeed in a change operating environment. This is reflected in Xero’s half-year 2022 performance, where we delivered strong revenue and subscriber growth.

That result saw operating revenue growth of 23% to NZ$506 million, subscriber growth of 23% to 3 million and the gross profit margin increased 1.4 percentage points to 87.1%.

ELMO Software Ltd (ASX: ELO)

ELMO is another software company that helps businesses. It provides HR and payroll software to small and medium businesses in Australia and the UK.

Morgan Stanley currently rates ELMO as a buy with a price target of $7.80. That implies an upside of approximately 80%.

The company continues to launch new modules that can provide more services to customers, increase customer loyalty, and make more revenue.

For example, it launched the ‘hybrid work’ and ‘wellbeing’ modules to customers a few weeks ago to manage the new way of working.

In the first six months of FY22, the company continued to report growth. HY22 revenue rose by 41% to $43.1 million year on year. Annualised recurring revenue (ARR) was up 35% to $98.3 million compared to 30 June 2021.

The ASX growth share also made positive earnings before interest, tax, depreciation and amortisation (EBITDA) of $0.3 million.

The company said its UK acquisitions were performing “exceptionally well and provide a solid foundation” to increase market share in the region.

ELMO said that it was continuing to experience increased demand as more organisations adopt cloud-based technology to manage different workforces.

FY22 ARR is expected to be between $107 million to $113 million. It’s also expected to generate between $1.5 million to $6.5 million of EBITDA in FY22.

The post 2 top ASX growth shares leading brokers say ‘buy’ appeared first on The Motley Fool Australia.

More reading

• 3 top ASX growth shares that experts say are buys
• Why are brokers talking about the Xero share price? Let’s take a look
• 5 things to watch on the ASX 200 on Tuesday
• Here are 3 small cap shares analysts rate as buys
• Cloud zero: Xero share price is down 5% in 2 days

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Elmo Software and Xero. The Motley Fool Australia owns and has recommended Elmo Software and Xero. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/b3dFKTr

ASX uranium shares have been getting plenty of investor attention recently.

That’s because leading uranium companies have been massively outperforming the benchmarks.

Over the past month, for example the S&P/ASX 200 Index (ASX: XJO) is up 5.2% and the S&P/ASX 200 Energy Index (ASX: XEJ) has gained 6.6%.

Certainly not a shabby month’s performance.

But check out the returns from these 3 ASX uranium shares.

ASX uranium shares charging higher

The Boss Energy Ltd (ASX: BOE) is up 13.6% since this time last month. That gives the company a current market cap of $945 million. Boss Energy shares are now up 152% over the past 12 months.

Rival ASX uranium share Paladin Energy Ltd (ASX: PDN) is also enjoying a stellar month, with the share price up 16.9%. Paladin has a market cap of $2.7 billion and has gained 135% over the past full year.

And the third booming uranium company is Deep Yellow Limited (ASX: DYL). With a current market cap of $436 million, Deep Yellow shares are up 18.4% over the last month and 76% since 14 April 2021.

What’s driving investor interest?

Atop some likely tailwinds from momentum investors, ASX uranium shares are the clear beneficiaries of rising energy costs.

It’s not just oil, gas and coal trading at multi-year highs.

According to data from Trading Economics, the price of uranium is up 1.2% over the past 24 hours to US$64.50 a pound. That puts uranium prices up more than 113% over the past year and at the highest levels since Japan’s post-earthquake Fukushima nuclear disaster in 2011.

And many analysts believe uranium prices are likely to remain elevated.

As The Australian reports, Canaccord Genuity says that the world moving away from sourcing Russian energy supplies will also aid uranium. “Yes, this will mean more liquefied natural gas, but in our view, it will also lead to more nuclear in the longer-term mix,” Canaccord stated.

According to Minelife director Gavin Wendt:

Energy security is the driving force, with Japan indicating that it is looking at reactivating plants shuttered since Fukushima, France committing to six new plants over the next decade, and Germany suggesting a delayed closing of its plants.

Uranium I believe could be an outperformer, because for several modern industrialised economies, like Japan, Germany and France, it will be a relatively easy go-to means of ensuring energy security, and reducing exposure to elevated fossil fuel prices, while still maintaining green credentials.

Judging by the recent performance of ASX uranium shares, a lot of investors seem to have a similar outlook.

The post Why are ASX uranium shares getting so much attention right now? appeared first on The Motley Fool Australia.

More reading

• These 3 shares are topping the ASX 200 volume charts on Thursday
• The Paladin Energy share price has surged 19% in a week. Here’s why these brokers are tipping more gains
• New ASX uranium share to hit boards next month and investors are already pouncing
• Paladin Energy share price leaps 10% as uranium prices surge
• Here are the 3 most heavily traded ASX 200 shares on Wednesday

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 Bruce Jackson.

from The Motley Fool Australia https://ift.tt/Vp2KQXY

The Insurance Australia Group Ltd (ASX: IAG) share price has failed to outperform the market in recent times.

This follows the company’s largely disappointing half year result in February despite announcing an earnings upgrade for FY22.

It appears that the insurance giant is struggling with positive investor sentiment for the time being.

At market close on Thursday, IAG shares fetched $4.35, up 0.46%.

What’s happened to IAG recently?

Investors have taken the IAG share price to levels stretching back to October 2020.

Recently, the company provided an update regarding the heavy rains impacting Australia’s east coast.

During early March, IAG advised it received more than 24,000 claims across southeast Queensland and New South Wales. Although that was the latest figures, management noted that the number of claims was expected to rise in due course.

While strong weather continued to hit the eastern seaboard, IAG reassured investors that it has extensive reinsurance protection in place.

Current estimates of the net claims cost from the storm and flooding event were projected to be approximately $74 million. Pleasingly, this is lower than the $95 million forecast disclosed in early March due to development on previous claims.

As such, IAG has utilised roughly $95 million of the $236 million of aggregate cover following the weather-related event.

Consequently, the company has increased its expectation for FY22 net natural perils claims costs to approximately $1.1 billion. Previously that number stood at an estimate of $1.045 billion.

Nonetheless, IAG reaffirmed its reported margin guidance range between 10% to 12% for FY22.

However, given the increase in estimated net natural perils claims costs, the lower half of the guidance range is more likely.

How does the IAG share price compare to the financial sector?

Over the last three months, the IAG share price has moved 3% lower, with year to date up almost 2%. The company’s shares hit a multi-year low of $4.17 in March 2022, before moving in circles.

In contrast, the S&P/ASX 200 Financials Index (ASX: XFJ) has gained 3% from this time 12 weeks ago and is up 4% in 2022. This is a sharp contrast to when the sector registered a 52-week low of 6,017 points also in early March.

Undoubtedly, IAG shares are lagging behind the Financial Index which has continued to rebound over the past 3 months.

Based on today’s price, IAG commands a market capitalisation of roughly $10.69 billion, with approximately 2.47 billion shares on issue.

The post How did the IAG share price compare to its sector in the March quarter? appeared first on The Motley Fool Australia.

More reading

• How did the IAG share price stack up in the March quarter?
• The IAG share price has dumped 5% in 2 weeks. What’s happening?
• Why did the IAG share price underperform the ASX 200 by 11% in March?
• Owns IAG (ASX:IAG) shares? Here’s your outlook for April
• Have IAG shares been a good investment? Here’s what $10,000 invested 4 years ago looks like now

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 owns 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 Bruce Jackson.

from The Motley Fool Australia https://ift.tt/PXKkjbB

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

Although it threatens to become buzzy, the word “metaverse” actually means something, and as the days of fresh interest in this collection of blockchain-based worlds grow longer, it’s increasingly meaning even more.

Currently, there are about 400 million users of the collection of worlds that make up the metaverse. These users socialize, create, dream, build, and, most importantly, buy within this space that is only limited by the human imagination.

That’s part of what’s driving the metaverse real estate stampede, after all. There are so many people in this universe, and businesses and brands want to be there, too. But what happens tomorrow? After all, dropping $2.4 million for property in Decentraland, for example, as Tokens.com did back in November, isn’t a short-term move. 

The future of the metaverse

In many ways, it can be hard to predict exactly what the metaverse will become, since recent spikes in more mainstream interest have only really started since November 2021, when Meta Platforms changed its name and boosted awareness of this obscure corner of the internet. However, interest didn’t stop then, and businesses and users both continue to explore new ways to develop metaverse real estate to suit their own needs, signaling that they’re digging in longer term.

According to a recent report by Citi, by 2030, the metaverse will have grown to 5 billion users. That’s billion with a “B.” Citi predicts this will be an $8 trillion to $13 trillion opportunity, though we don’t yet know what types of properties will be favorites and what will produce the best investment growth over the long run.

Opportunities abound for investors

The metaverse is a space filled with untapped potential that’s just starting to unfold in a very big way. Although only a few metaverse platforms really offer the opportunity to purchase virtual real estate, those platforms are growing rapidly. In addition, interest in land is generally stable, with approximately 10,000 sales worth $63 million transacted across the 10 metaverse platforms that NonFungible.com tracks for the 30-day period ending April 7, 2022.

Some of those properties will certainly go to curious technophiles, but plenty will end up in the hands of investors and brands looking to enter this strange new world. What will they become? Anything that the owner can imagine. It’s that simple.

Future metaverse landlords can earn passive income from such diverse projects as billboards and shopping malls, with more active income possible if you’re looking for a bigger challenge. For example, active investors might purchase land and build custom structures for clients, sell those projects upon completion, and then roll those profits into the next client. 

There is great potential for metaverse real estate investors right now. Interest in the metaverse continues to hold fairly steady, despite an unsteady wider investment market. For example, in Decentraland during the first quarter of 2022, there were about 5,108 total sales, worth about $11,685 each. The Sandbox saw more sales during that quarter, 11,971, but for about the same price, $11,137.85.

In short, there are ample opportunities for virtual real estate investors in the coming years. Big brands across the globe are working hard to develop metaverse properties that reflect who they are and how they see the metaverse growing, and you can, too. The best time to buy metaverse real estate was back in October 2021, but the second-best time to buy is right now. 

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post Prediction: 5 billion people will be in the Metaverse by 2030 appeared first on The Motley Fool Australia.

More reading

• Where will Meta Platforms be in 3 years?
• ACCC takes Facebook’s owner Meta Platforms (NASDAQ: FB) to court over crypto scam ads

Kristi Waterworth owns Decentraland. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Meta Platforms, Inc. The Motley Fool Australia has recommended Meta Platforms, Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

from The Motley Fool Australia https://ift.tt/lbxhTcF

If you’re looking to strengthen your portfolio with some blue chip shares, you may want to look at the two listed below.

Here’s why these blue chip ASX 200 shares are highly rated right now:

CSL Limited (ASX: CSL)

The first blue chip ASX 200 share to look at is CSL. This biotherapeutics giant could be a top option for investors after a very poor start to 2022. Especially given the potential positive catalysts that are on the horizon that could be supportive of a share price recovery.

That’s the view of the team at Citi, which currently has a buy rating and $335.00 price target on the company’s shares.

The broker commented: “Over the next six months, we expect the market to focus on the strong underlying plasma market demand, and the closure the Vifor deal, both of which should lead to strength in the share price.”

Based on the current CSL share price of $264.95, Citi’s price target implies potential upside of 26% for investors over the next 12 months.

ResMed Inc (ASX: RMD)

Another high quality ASX 200 share for investors to consider is ResMed.

It is a global leader in the development, manufacturing, distribution, and marketing of medical devices and cloud-based software applications that diagnose, treat, and manage respiratory disorders. This includes sleep apnoea and chronic obstructive pulmonary disease (COPD).

Analysts at Morgans believe the company is well-placed for growth over the long term. This is thanks to a recovery in sleep apnoea volumes post-pandemic and its growing digital health business. The broker has an add rating and $40.46 price target on the company’s shares.

Morgans commented: “While we believe the next few quarters will likely be volatile, as Covid-related demand for ventilators continues to slow and core sleep apnoea volumes gradually lift, nothing changes our medium/longer term view that the company remains well-placed as it builds a unique, patient-centric, connected-care digital platform that addresses the main pinch points across the healthcare value chain.”

Based on the current ResMed share price of $31.61, Morgans’ price target suggests there’s potential upside of 28% for investors.

The post 2 blue chip ASX 200 shares analysts rate as buys this month appeared first on The Motley Fool Australia.

More reading

• Top brokers name 3 ASX shares to buy today
• ASX 200 healthcare shares were chronically ill last quarter. Take a look
• How is the CSL share price performing against its sector in 2022?
• 2 of the highest quality ASX 200 shares analysts are tipping as buys
• Why did the CSL share price go backwards in the March quarter?

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. owns and has recommended CSL Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended ResMed. The Motley Fool Australia has recommended ResMed Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/TpSjouR

ASX 200 travel shares were flying higher on the last day of trading before the Easter break.

The Qantas Airways Limited (ASX: QAN) share price soared 7% today, while Flight Centre Travel Group Ltd (ASX: FLT) leapt nearly 5%. Meanwhile, Webjet Limited (ASX: WEB) was up almost 8%.  

So why did ASX200 travel shares have such a positive day?

Travel recovery continues at home

Travel shares are surging amid the busiest day in two years at Australian airports. A million travellers could pass through Sydney airport on the long weekend, 7 News reported.

Adelaide Airport also expects 25,000 people to travel through the terminals on Thursday and Friday, while Brisbane predicts double that number. Moody’s has also upgraded Qantas’ debt level to stable, the Sydney Morning Herald reported.

… and overseas

ASX 200 travel shares are following in the footsteps of their US peers. Shares in Delta Air Lines, Inc (NSE: DAL) soared 6.21% in US markets overnight, while American Airlines Group Inc (NASDAQ: AAL) ascended 10.62%. Meanwhile, United Airlines Holdings Inc (NASDAQ: UAL) leapt 5.64%.

US travel shares soared overnight after Delta reported the highest booking volumes in the company’s history. CEO Ed Bastian said:

We are seeing a historic level of sales activity and booking volumes at levels higher than we’ve ever seen in our history.

The biosecurity emergency restricting cruise ship entry into Australia is also set to lapse on Easter Sunday. In addition, overseas travellers will no longer need to undertake a COVID-19 test to enter Australia.

In more news, New Zealand opened the borders to vaccinated arrivals from Australia yesterday, just in time for Easter long weekend travel.

The post ASX 200 travel shares had a super day. What’s happening? appeared first on The Motley Fool Australia.

More reading

• Here are the top 10 ASX shares today
• Here’s why the Flight Centre share price is soaring 5% higher today
• Why Allkem, Domino’s, Qantas, and Uniti shares are racing higher
• What’s sending the Webjet share price 6% higher on Thursday?
• Why is the Qantas share price flying 7% higher today?

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 Flight Centre Travel Group Limited and Webjet Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/8sLgthv

Today, the S&P/ASX 200 Index (ASX: XJO) offered an early Easter treat to investors with a move to the upside. At the end of the session, the benchmark index finished 0.59% higher at 7,523.4 points.

Recipients of the biggest gains were the mining and tech sectors, both surpassing 1% rallies today. Although, much of the market wasn’t too far behind, with a tinge of green showing up in just about every sector aside from financials.

A misfire in the Bank of Queensland Limited (ASX: BOQ) half-year results gave the financials sector an extra dash of red on Thursday.

However, the question is: which shares delivered the biggest returns to investors on the ASX today? Here are the top ten stocks that came through for investors:

Top 10 ASX shares countdown today

Looking at the top 200 listed companies, Webjet Ltd (ASX: WEB) was the biggest gainer today. Shares in the online travel agency lifted 7.54% as news circulated of a major US airline returning to profitability in March. The information lit a light of hope among investors of travel shares for a revitalisation of the industry. Find out more about Webjet here.

Finding a spot on the podium today was coal mining giant Yancoal Australia Ltd (ASX: YAL). The company’s shares jumped 7.47% amid the Australian Energy Market Operator (AEMO) highlighting a potential shortage of electricity when Eraring power station comes to a close. Uncover the latest Yancoal Australia details here.

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

ASX-listed company	Share price	Price change
Webjet Ltd (ASX: WEB)	$5.85	7.54%
Yancoal Australia Ltd (ASX: YAL)	$5.47	7.47%
Qantas Airways Ltd (ASX: QAN)	$5.45	7.07%
Paladin Energy Ltd (ASX: PDN)	$0.965	6.04%
Flight Centre Travel Group Ltd (ASX: FLT)	$21.18	5.01%
Corporate Travel Management Ltd (ASX: CTD)	$24.86	4.94%
Northern Star Resources Ltd (ASX: NST)	$11.44	4.19%
James Hardie Industries Plc (ASX: JHX)	$2.34	4.00%
Oz Minerals Ltd (ASX: OZL)	$40.85	3.44%
Chalice Mining Ltd (ASX: CHN)	$26.84	3.15%

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.

More reading

• These 3 shares are topping the ASX 200 volume charts on Thursday
• The BHP share price has had a stellar start to the year. Is it just the beginning?
• What’s sending the Webjet share price 6% higher on Thursday?
• These were the top 3 ASX energy shares of the March quarter
• The CBA share price has leapt 14% since February. Too late to buy?

Motley Fool contributor Mitchell Lawler 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 Corporate Travel Management Limited, Flight Centre Travel Group Limited, and Webjet Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/zvUQ10q