Many S&P/ASX 200 Index (ASX: XJO) travel shares soared today amid news the calamity resulting from the Omicron COVID-19 variant hasn’t dinted Australian consumer confidence.

The latest findings from Australia and New Zealand Banking Group Ltd (ASX: ANZ) and Roy Morgan showed consumer confidence increased 0.4% last week – its third consecutive weekly gain – despite rising Omicron cases.

Additionally, the Reserve Bank of Australia (RBA) noted similar observations earlier this month.

The minutes for the RBA monetary policy meeting stated the variant increased uncertainty around international travel in November but didn’t impact long-term outlooks.

ASX 200 travel shares took to the skies on Tuesday

ASX 200 travel shares were among the winners on Tuesday, with the Flight Centre Travel Group Ltd (ASX: FLT) share price leading the pack. The travel agent’s stock gained 3.89%.

Meanwhile, that of Webjet Limited (ASX: WEB) increased 3.17% and Qantas Airways Limited (ASX: QAN) ended the day 0.84% higher.

For context, the ASX 200 Index gained 0.86% today.

Consumer confidence and travel outlook unchanged by variant

Consumer confidence soared 4.8% in New South Wales last week and Victoria recorded a 1.1% spike. However, all other states reported modest falls. The gains came despite increasing numbers of new Omicron cases.

According to ANZ senior economist Adelaide Timbrell, lower rates of hospitalisations associated with the Omicron variant likely helped consumers’ outlooks.

Right now, 32% of Australians say their families are better off than they were this time last year. At the same time, 38% say they expect their family will be better off financially this time next year.

Meanwhile, the RBA believes the outlook for travel and education exports improved over November.

Additionally, it predicted education exports will contribute to Australia’s GDP in the coming years.

Though, the RBA board noted the Omicron variant had “clouded” near-term outlooks. Particularly, as it could lead to travel hesitancy.

What else might have driven travel shares higher?

Potentially also buoying ASX 200 travel shares is the easing of restrictions for international arrivals.

As of today, those arriving in New South Wales and Victoria from overseas no longer have to isolate for 72 hours.

Instead, they only need to isolate until they test negative for COVID-19.

All arrivals must receive a COVID-19 test within 24 hours of landing. Additionally, travellers to Australia have to be tested for COVID-19 within 72 hours of boarding their flight.

Speaking on the newly relaxed rules, New South Wales Premier Dominic Perrottet commented:

We know it has been a challenging time for international travel with new rules and the emergence of the Omicron variant, but this announcement is about simplifying the process and making sure Australia’s two biggest cities have a consistent approach.

New South Wales also upped the penalty for disregarding isolation, testing, and quarantine requirements. Noncompliance now risks fines of up to $5,000 for individuals and $10,000 for corporations.

The post What boosted ASX 200 travel shares on Tuesday? appeared first on The Motley Fool Australia.

More reading

• Why is the Flight Centre (ASX:FLT) share price taking to the skies on Tuesday?
• Webjet (ASX:WEB) shares have a 9% short interest. What does this mean?
• Why is the short interest in Flight Centre (ASX:FLT) shares still growing?
• Leading brokers name 3 ASX shares to buy today
• How high will ASX travel shares fly in 2022?

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has 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.

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The Moneyme Ltd (ASX: MME) share price finished 11% higher today amid the company’s announcement of a new warehouse funding facility with Morgan Stanley Australia as its partner.

The fintech company says the move will bolster Moneyme’s Autopay platform for motor vehicle finance.

At market close, the Moneyme share price finished at $1.96 a share, up 11.05% on the day. 

Moneyme’s response to company growth

According to today’s announcement, Moneyme’s new funding model will inject an additional $200 million into the company’s “high growth Autopay product”.

The partnership will secure funds at less than 3% above the BBSW (bank bill swap rate), used as a short-term benchmark rate.

Moneyme says the new facility will allow it to cut its lending costs.

It will also pave the way for the company to gain further traction in the heated motor vehicle lending market.

Morgan Stanley will be the senior funder of the new Moneyme facility with Revolution Asset Management the Mezzanine funder.

Moneyme managing director and CEO Clayton Howes said:

The new Autopay warehouse will further reduce our funding costs, and combined with our variable rate credit products we are well placed to counter upward pressure to the cash rate.

This warehouse is significant for Autopay’s growth in 2022 as we expect market demand for Autopay to increase further with major long term players exiting the market.

It’s clear the company is looking to capitalise on the departure of several traditional lenders in the auto finance sector, including Westpac Banking Corp (ASX: WBC) which sold its vehicle dealer finance and novated leasing business in June.

In other news from Moneyme today, the company also announced a further 10% increase to the funding capacity of its Horizon 2020 Trust (HW20) Major Bank, bringing it to $467 million.

It comes after the announcement of a boost to its Horizon 2020 warehouse facility capacity in June.

Just last week, Moneyme announced the acquisition of digital finance provider SocietyOne for $132 million.

Moneyme share price snapshot

The Moneyme share price has seen a positive six months, leaping 75% in the six weeks from 10 May to 2 July.

It seems this was spurred by a positive trading update in mid-June. The company’s share price has remained in the elevated range ever since.

At its current share price, the company has a market capitalisation of over $335 million with 171 million shares issued.

The post Why has the Moneyme (ASX:MME) share price jumped 11% today? appeared first on The Motley Fool Australia.

More reading

• MoneyMe (ASX:MME) share price spikes on $132 million acquisition news
• Moneyme (ASX:MME) share price slides 9% despite record trading update

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.

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It’s often held that the lead-up to Christmas is the best part of an ASX retail share’s calendar. Indeed, most of us usually spend a few hours over December (or perhaps November for the ultra-organised) scouring shops and online stores for various gifts and presents. But these days, the period following Christmas can be just as lucrative for ASX retail shares. Thank the rise of the Boxing Day sales. Plenty of post-Christmas cash, some time off work… who wouldn’t want to head to the shops and snare a few bargains?

But how much of a cash bonanza can Aussie retail companies look forward to this year?

Well, a new report from Commonwealth Bank of Australia (ASX: CBA) sheds some light on that question.

ASX retail shares could be set for a bumper end to the year

According to the report, CBA is expecting Australians to unleash a $4 billion tidal wave of cash over this year’s Boxing Day sales period. CBA’s research found that 69% of those surveyed are planning to bag a bargain or two at this year’s sales.

Some 40% of those surveyed also were in a position to predict how much they would be willing to drop into retailers’ pockets. The average spend is expected to be $557, a very healthy 14% rise from the $457 spent last year.

CBA’s card data also found that customers are looking likely to spend 22% more this December across their debit and credit cards than the average of all the other months of 2021.

That will no doubt be music to the ears of the ASX’s largest retail shares such as JB Hi-Fi Limited (ASX: JBH), Premier Investments Limited (ASX: PMV), Super Retail Group Ltd (ASX: SUL), and Kogan.com Ltd (ASX: KGN).

Kate Crous, executive general manager at CBA Everyday Banking, said of the report’s findings:

As the nation bounces back, Australians are embracing shopping and are excited to hit the sales. This is welcome news for retailers, who are keen to see consumers return after a tough few months, and is also great for consumers hoping to get good value from their shopping.

I need your clothes, your boots, and your… dishwasher

Clothing retailers look set to be the biggest beneficiaries of this potential wave of spending. Fair enough. With the lockdowns that most Aussies have endured this year, a new wardrobe might be in order for many. CBA found that 57% of those surveyed were intending on splashing out on some new threads or kicks.

But technology, home electricals, white goods, and homeware and furniture are also tipped to be big winners. So perhaps ASX retail shares like Nick Scali Limited (ASX: NCK), Adairs Ltd (ASX: ADH), or Temple & Webster Group Ltd (ASX: TPW) also have some cash coming their way.

Wherever this holiday period takes us, there will no doubt be more than a few ASX retail shares eyeing a potentially very merry Christmas right now, if CBA’s report is to be believed.

The post Forget Christmas! Could these ASX retail shares be set for a Boxing Day bonanza? appeared first on The Motley Fool Australia.

More reading

• Will the CBA (ASX:CBA) share price smash its record high in 2022?
• Fed up with term deposits? How to get 10% income from ASX shares
• How will ASX retail shares go in 2022?
• These are the 10 most shorted ASX shares
• 2 buy-rated ASX dividend shares for income investors

Motley Fool contributor Sebastian Bowen owns ADAIRS FPO and Kogan.com ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended ADAIRS FPO, Kogan.com ltd, Super Retail Group Limited, and Temple & Webster Group Ltd. The Motley Fool Australia owns and has recommended ADAIRS FPO, Kogan.com ltd, and Super Retail Group Limited. The Motley Fool Australia has recommended Premier Investments Limited and Temple & Webster Group Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Vection Technologies Ltd (ASX: VR1) share price stormed higher today. This comes after the company announced a market update and revenue guidance for the 2022 fiscal year.

At the closing bell, the real-time software company’s shares finished the day at 17 cents, up 17.39%.

How is Vection performing for FY22?

Investors have been driving up the Vection share price after digesting the company’s latest financial figures.

In a statement to the ASX, Vection advised that it has outperformed its first-half FY22 Total Contract Value (TCV) target.

Earlier this month, the company revealed it exceed its TCV goal by $1 million, reaching a milestone of $11 million. Notably, the metric represented an increase of 120% compared to the FY22 first quarter TCV level of $5 million.

As such, Vection now expects a first-half fiscal year 2022 revenue guidance of between $8 million to $9 million. The full fiscal year 2022 revenue guidance is anticipated to come around $17 million to $19 million.

Second quarter cash receipts from clients are projected to be more than $3.5 million. This is assumed to lead to half-year cash receipts from clients in excess of $6.3 million.

The company is seeking to accelerate its aggressive global acquisition strategy targeting the XR and metaverse enterprise technology sector. It believes the technology suite delivers high growth potential through broad industrial adoption.

Vection Technologies Managing Director, Gianmarco Biagi commented:

Our growing global team, clients, leading partnerships and TCV give us comfort in providing the market with a revenue guidance of $8 to $9 million for the first half fiscal year 2022, with full fiscal year revenue guidance of $17 to $19 million.

A strong global client base provides strong credibility to grow major multinational sales channels across consultancy firms’ clients. With a strong M&A focussed war-chest, we are positioned to leverage an aggressive programmatic acquisition approach to drive XR organic growth during 2022 and 2023, to deliver continued shareholder return.

Vection share price snapshot

Over the past 12 months, the Vection share price has lifted 13%, with year-to-date around 8% higher.

The company’s shares reached an all-time high of 29 cents last month, before sharply pulling back and erasing the gains.

Based on today’s price, Vection commands a market capitalisation of around $143.26 million and has 1.10 billion shares on issue.

The post This just caused the Vection (ASX:VR1) share price to leap 17% appeared first on The Motley Fool Australia.

More reading

• Why Nuix, Resolute, Talga, and Vection shares are falling today
• Vection Technologies (ASX:VR1) share price tumbles 12% following trading halt. Here’s why
• The Vection (ASX:VR1) share price is rocketing 10%. Here’s why

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 Bruce Jackson.

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Today, the S&P/ASX 200 Index (ASX: XJO) bucked the trend set on Wall Street last night. Instead of mimicking the US market and moving to the downside, Aussie equities pushed higher. At the end of the session, the benchmark index finished 0.86% higher at 7,355 points.

It was a pleasing sight on the ASX boards today, with plenty of green to be seen. The only sector that succumbed to a negative session was the real estate sector. However, an impressive gain of 4.1% in the healthcare sector more than made up for it. In addition, energy and mining shares experienced strong support during trade.

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, CSL Limited (ASX: CSL) was the biggest gainer today. Shares in the biotechnology giant climbed 5.18% amid the official opening of its share purchase plan to raise capital for its recently announced acquisition of Vifor Pharma. Find out more about CSL here.

The next biggest gaining ASX share today was Zip Co Ltd (ASX: Z1P). The buy now, pay later provider added 5.09% despite there being no new announcements from the company. Uncover the latest Zip Co details here.

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

ASX-listed company	Share price	Price change
CSL Limited (ASX: CSL)	$287.94	5.18%
Zip Co Ltd (ASX: Z1P)	$4.34	5.09%
Whitehaven Coal Ltd (ASX: WHC)	$2.57	4.47%
Cimic Group Ltd (ASX: CIM)	$16.54	4.16%
Magellan Financial Group Ltd (ASX: MFG)	$20.51	4.11%
Cochlear Ltd (ASX: COH)	$217.02	3.84%
New Hope Corporation Ltd (ASX: NHC)	$2.18	3.81%
Flight Centre Travel Group Ltd (ASX: FLT)	$17.01	3.34%
Breville Group Ltd (ASX: BRG)	$29.91	3.32%
Washington H Soul Pattinson & Company Ltd (ASX: SOL)	$30.55	3.28%

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

• Here are the 3 most heavily traded ASX 200 shares this Tuesday
• Why is the Zip (ASX:Z1P) share price outperforming Afterpay today?
• Interested in the $750m CSL (ASX:CSL) share purchase plan? Here are the details
• ASX 200 (ASX:XJO) midday update: Magellan rebounds, Pilbara Minerals sinks
• Why has the short interest in Zip (ASX:Z1P) shares fallen in December?

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. owns and has recommended CSL Ltd., Cochlear Ltd., and ZIPCOLTD FPO. The Motley Fool Australia owns and has recommended Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has recommended Cochlear Ltd. and Flight Centre Travel Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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It has been a wild year for the Afterpay Ltd (ASX: APT) share price. From setting new all-time highs to setting 52-week lows, and everywhere in between — it has been a stomach-churning period for the buy now, pay later (BNPL) company.

Like each year that has come before, 2021’s chapter is coming to an end, but with it comes a new chapter. Shareholders will be hoping for greener pastures after a disappointing performance this year.

Being joined at the hip with the Block Inc (NYSE: SQ) (formerly Square Inc) share price, Afterpay shares have been dragged lower during the recent weakness in tech. Since the deal’s announcement, the Afterpay share price has fallen 35%.

But, what can investors expect to see in 2022 from the former market darling?

When might Afterpay shares vanish?

In most cases, hearing of your shares vanishing is the last thing you want to hear. However, for Afterpay shareholders, it is a top priority. After receiving an unequivocal 99.95% shareholder vote for Afterpay’s acquisition by Block, investors are ready for the deal to be solidified.

According to an update last week, the scheme of arrangement is now legally effective. The only hurdle left in the way is a condition of the Bank of Spain. At this stage, Afterpay anticipates the implementation will occur in Q1 of the 2022 calendar year.

For this reason, it is likely at some point next year thar Afterpay shares will cease to exist. In their place will be Block Inc shares at a 0.375 for 1 exchange rate.

What else?

In early 2022, Afterpay will be offering its flexible payment solution to the subscription economy. Announced on 24 November, the BNPL brand unveiled the expansion of its services to merchants in the United States and Australia.

In short, Afterpay customers will be able to pay for their gym memberships, entertainment subscriptions, and other subscriptions via the instalment mechanism. Plans are already in the works to extend the feature to other regions including Canada, New Zealand, the United Kingdom, and Europe.

Afterpay shares are down 30% since the beginning of the year.

The post Invested in Afterpay (ASX:APT) shares? Here’s what to watch in 2022 appeared first on The Motley Fool Australia.

More reading

• Why Afterpay, Humm, Namoi Cotton, and Pilbara Minerals shares are falling
• Why is the Zip (ASX:Z1P) share price outperforming Afterpay today?
• ASX 200 (ASX:XJO) midday update: Magellan rebounds, Pilbara Minerals sinks
• These were the worst performers on the ASX 200 last week
• Why Afterpay, Corporate Travel, Dubber, and EML shares are falling

Motley Fool contributor Mitchell Lawler owns AFTERPAY T FPO. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended AFTERPAY T FPO and Block, Inc. The Motley Fool Australia owns and has recommended AFTERPAY T FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Flight Centre Travel Group Ltd (ASX: FLT) share price is taking off in a feat that seems to be at odds with international Omicron outbreaks.

At the time of writing, the Flight Centre share price is $17.10, 3.89% higher than its previous close.

However, the company isn’t alone in its gains. The Webjet Limited (ASX: WEB) share price is also surging today, up by more than 3% in late afternoon trading.

For context, the S&P/ASX 200 Index (ASX: XJO) is up 0.88% right now.

Let’s take a look at what might be driving the travel agent’s stock higher today.

Could this be boosting the Flight Centre share price?

The Flight Centre share price is soaring today despite an overnight downturn for international travel shares.

As the Omicron COVID-19 variant spreads, travel to various parts of the world is once more being halted.

Today, New Zealand delayed the reopening of its borders until late February. Meanwhile, Israel has mandated quarantine for travellers from the United States and banned travel from numerous other nations.

Additionally, according to CNN Travel, several European countries have reinstated COVID-19 restrictions while the Netherlands goes into lockdown.

The share prices of Booking Holdings Inc (NASDAQ: BKNG), Marriott International Inc (NASDAQ: MAR), and Southwest Airlines Co (NYSE: LUV), as well as many other US-listed travel stocks, all slipped into the red overnight, potentially spurred by the international Omicron outbreak.

However, the Flight Centre share price might be gaining on domestic news. As of today, restrictions for international arrivals into Australia have eased.

International arrivals landing in Melbourne and Sydney will no longer need to isolate for 72 hours. Instead, they will only have to isolate until they receive a negative COVID-19 test.

When announcing the change last week, New South Wales Premier Dominic Perrottet commented:

This decision has been made with safety remaining the top priority, which is why all arrivals must return a negative PCR test before they can exit isolation and have an additional test following that.

Finally, the Flight Centre share price might be simply recovering from its recent tumble. Over the course of last week, the travel company’s stock fell 6% despite its silence. Thus, today’s movements might be a simple correction.

The post Why is the Flight Centre (ASX:FLT) share price taking to the skies on Tuesday? appeared first on The Motley Fool Australia.

More reading

• Why is the short interest in Flight Centre (ASX:FLT) shares still growing?
• How high will ASX travel shares fly in 2022?
• These are the 10 most shorted ASX shares
• How is Omicron affecting the Flight Centre (ASX:FLT) share price and outlook?
• Zip (ASX:Z1P) shares just topped these end-of-year rankings

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Booking Holdings, 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.

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The Transurban Group (ASX: TCL) share price has continued to trade sideways this month.

This has largely been the case all year, with the toll road operator’s shares up just 1% in 2021.

Can the Transurban share price climb higher?

The team at Morgans believe there’s room for the Transurban share price to push higher from here. Together with its attractive and growing dividend yield, the broker appears to believe this make it a good option for income investors.

According to a note, its analysts have retained their add rating but trimmed their price target on the company’s shares to $14.57.

Based on the current Transurban share price, this implies a return of 6% for investors before dividends and 8.5% including the 35 cents per share dividend the broker is forecasting in FY 2022.

Though, it is worth noting that Morgans expects a big increase in Transurban’s dividend the following year to 55.2 cents. This represents a far more generous yield of 4% for investors.

What did the broker say?

Morgans notes that Transurban has reached an agreement with the Victorian Government and the CPB John Holland Joint Venture on revised terms for the delivery of the West Gate Tunnel Project (WGPT).

This will see Transurban contribute an additional $2 billion to the WGTP across FY 2023 to FY 2026, which is $0.9 billion above what Morgans had previously assumed.

And while it thinks the size of Transurban’s “financial contribution to complete the WGTP will be disappointing for investors, resolution of the dispute removes a major uncertainty.”

Furthermore, the broker believes the “NPV impact is partly reduced by the later phasing of the spend and also by the increased tax depreciation shield it creates until concession end.”

Why invest?

Morgans remains positive on the future and notes that there are a number of trends that are supportive of Transurban’s growth.

It explained: “We view TCL as a high quality pure-play toll road infrastructure portfolio benefitting from employment and population growth, urbanisation, and the value of time, with particular exposure to the east coast capital cities in Australia.”

The post Is the Transurban (ASX:TCL) share price in the buy zone for income investors? appeared first on The Motley Fool Australia.

More reading

• Analysts say buy these ASX dividend shares
• Transurban (ASX:TCL) share price edges higher despite $1.7 billion West Gate Tunnel blowout
• Two inflation resilient ASX 200 shares revealed: fund manager
• Why CBA (ASX:CBA) and this dividend share could be buys
• The Transurban (ASX:TCL) interim dividend has just been announced. Here’s what you need to know

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

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The S&P/ASX 200 Index (ASX: XJO) is having a decent day of trading on the markets this Tuesday so far, nicely countering yesterday’s shaky start to the trading week. At the time of writing, the ASX 200 is up a healthy 0.75% at 7,347 points.

But let’s dive a little deeper and check out the ASX 200 shares topping the share market’s volume charts this afternoon, according to investing.com.

3 most traded ASX 200 shares by volume on Tuesday

Santos Ltd (ASX: STO)

Santos is first up today. This ASX 200 energy share has seen a hefty 9.82 million of its shares find new homes so far this Tuesday. With no news or announcements out of the company thus far, we can probably assume that this elevated volume is the result of the movements in the Santos share price itself. Some speculation regarding potential divestment of assets may also be contributing. Santos shares are currently up a pleasing 1.3% so far today to $6.19 a share.

Pilbara Minerals Ltd (ASX: PLS)

ASX 200 lithium producer Pilbara is our next cab off the rank. Pilbara has had a sizeable 39.88 million of its shares bought and sold thus far today. This has no doubt been initiated by the rather large share price plunge Pilbara has endured today. This company’s shares are presently down a very nasty 11.2% at $2.45 each. This looks to be related to the company’s production and shipping guidance downgrade it unloaded on investors this morning.

Imugene Limited (ASX: IMU)

Our final and most traded ASX 200 share thus far today is biotech company Imugene. Imugene has had a whopping 50.96 million of its shares swap owners so far on Tuesday. Despite this massive volume, there’s not much going on with this company today. There has been no major (or any) news or announcements out of the company.

However, the Imugene share price is having what could be described as a pretty solid day of trading. Its shares are currently up a robust 1.2% at 42 cents each. This move may have sparked so many shares to be traded today. Or perhaps there were one or two unusually large trades. Whatever the reason, Imugene is, at least for now, the ASX 200’s most traded share this Tuesday.

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

More reading

• Why Afterpay, Humm, Namoi Cotton, and Pilbara Minerals shares are falling
• Santos (ASX:STO) share price jumps on divestment speculation
• Why is the Pilbara Minerals (ASX:PLS) share price crashing 10% lower today?
• ASX 200 (ASX:XJO) midday update: Magellan rebounds, Pilbara Minerals sinks
• 5 things to watch on the ASX 200 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 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.

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The S&P/ASX 200 Index (ASX: XJO is back on form and on course to record a strong gain. In afternoon trade, the benchmark index is up 0.75% to 7,346.6 points.

Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are tumbling:

Afterpay Ltd (ASX: APT)

The Afterpay share price is down 2% to $82.60. This is an improvement from earlier in the day when the payments company’s shares tumbled to a new 52-week low of $80.21. This followed another heavy decline from the Square share price overnight. This decline devalued the takeover offer that Afterpay shareholders voted in favour of last week.

Humm Group Ltd (ASX: HUM)

The Humm share price is down 5% to 86.5 cents. This appears to have been driven by profit taking after a strong gain on Monday. Investors were buying the financial services company’s shares after it revealed that it has received approaches from third parties to acquire all or part of it. No further details were provided but management intends to engage with the would-be suitors.

Namoi Cotton Ltd (ASX: NAM)

The Namoi Cotton share price is down 10% to 46 cents. Investors have been selling this cotton producer’s shares after it warned that 2022 could be a difficult year. Namoi Cotton advised that cotton growing areas in NSW and Queensland have experienced flooding in November and December which may result in a loss of crops.

Pilbara Minerals Ltd (ASX: PLS)

The Pilbara Minerals share price is down 11% to $2.46 after downgrading its production guidance. The lithium miner revealed that delays have been experienced with both the Ngungaju Plant re-start and Pilgan Plant Improvements Project. As a result, its FY 2022 concentrate production guidance has been downgraded to 400,000 to 450,000 dmt from 460,000 to 510,000 dmt.

The post Why Afterpay, Humm, Namoi Cotton, and Pilbara Minerals shares are falling appeared first on The Motley Fool Australia.

More reading

• Why is the Zip (ASX:Z1P) share price outperforming Afterpay today?
• Why is the Pilbara Minerals (ASX:PLS) share price crashing 10% lower today?
• ASX 200 (ASX:XJO) midday update: Magellan rebounds, Pilbara Minerals sinks
• These 3 ASX 200 shares are topping the volume charts on Monday
• Why Australian Clinical Labs, Humm, Neometals, and Viva Energy are rising

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 AFTERPAY T FPO. The Motley Fool Australia owns and has recommended AFTERPAY T FPO. The Motley Fool Australia has recommended Humm Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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