Last week was a good one for the S&P/ASX 200 Index (ASX: XJO). The benchmark overcame a poor start to record a 0.6% gain and finish at 7,362 points.

While a good number of shares pushed higher with the market, some climbed more than most. Here’s why these were the best performing ASX 200 shares last week:

Netwealth Group Ltd (ASX: NWL)

The Netwealth share price was the best performer on the ASX 200 last week with a massive 24.8% gain. Investors were scrambling to buy the investment platform provider’s shares after the release of a strong first quarter update. According to the release, Netwealth reported record first quarter net inflows of $4 billion. This took Netwealth’s funds under administration (FUA) to $52 billion, which represents an increase of 10.2% for the quarter. In response, Macquarie retained its outperform rating and lifted its price target to $19.00.

HUB24 Ltd (ASX: HUB)

The HUB24 share price wasn’t far behind with a gain of 20.9% over the five days. This was also driven by the release of a first quarter update. Like Netwealth, HUB24 achieved record first quarter net inflows of $3 billion. This led to the investment platform provider’s total FUA reaching $63.2 billion at the end of September. This went down well with Credit Suisse. Its analysts retained their outperform rating and lifted their price target to $36.50.

Perseus Mining Limited (ASX: PRU)

The Perseus Mining share price was on form and charged 15.2% higher over the period. Investors were buying the gold miner’s shares following the release of an update on exploration activities at its Yaouré Gold Mine in the Ivory Coast. According to the release, recent results from infill drilling at Yaouré confirm strong potential for further mineral resources beneath the currently operating CMA open pit.

A2 Milk Company Ltd (ASX: A2M)

The A2 Milk share price was a positive performer last week and recorded a gain of 11.7%. This infant formula company’s shares were given a huge boost last week by the release of a positive update from smaller rival Bubs Australia Ltd (ASX: BUB). That update revealed strong sales growth during the first quarter, particularly from the China market. Investors appear optimistic that this could mean the worst is now behind the infant formula market.

The post These were the best performing ASX 200 shares last week appeared first on The Motley Fool Australia.

More reading

• These were the worst performing ASX 200 shares last week
• Here are the top 10 ASX shares today
• Legal risk just increased for the Westpac (ASX:WBC) share price
• Here’s why the Netwealth (ASX:NWL) share price has surged 25% this week
• Top brokers name 3 ASX shares to sell today

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Hub24 Ltd and Netwealth. The Motley Fool Australia owns shares of and has recommended Netwealth. The Motley Fool Australia has recommended A2 Milk and Hub24 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 fund manager Wilson Asset Management (WAM) has recently identified two top small cap ASX shares that it owns in its portfolio that could be ideas.

WAM operates several listed investment companies (LICs). Some focus on larger companies like WAM Leaders Ltd (ASX: WLE) and WAM Capital Limited (ASX: WAM).

There’s also one called WAM Microcap Limited (ASX: WMI) which targets small cap ASX shares with a market capitalisation under $300 million at the time of acquisition.

WAM says WAM Microcap targets the most exciting undervalued growth opportunities in the Australian microcap market.

The WAM Microcap portfolio has delivered gross returns (that’s before fees, expenses and taxes) of 25% per annum since inception in June 2017, which is superior to the S&P/ASX Small Ordinaries Accumulation Index average return of 12.2%.

These are the two small cap ASX shares that WAM outlined in its most recent monthly update:

Aussie Broadband Ltd (ASX: ABB)

WAM describes Aussie Broadband as Australia’s fifth largest NBN internet provider, supplying internet, phone, network and entertainment solutions to over 300,000 residential and business customers.

One of the things that the fund manager referred to was how the telecommunications company performed in FY21. The small cap ASX share reported revenue of $350.3 million, representing growth of 84% compared to FY20. Earnings before interest, tax, depreciation and amortisation (EBITDA) was $19.1 million, which was an increase of 433%.

The fund manager also noted that the Aussie Broadband share price hit a record high after completing a $114 million institutional capital raising and finalising a 10-year deal with VicTrack to access their respective fibre networks. If readers haven’t heard of VicTrack before, it’s a Victorian Government owned business enterprise that operates the state’s fibre assets.

WAM likes that the company has delivered customer growth in both its business and residential segments despite COVID-19 impacts. The company’s outlook remains “positive”.

The small cap ASX share was one of WAM Microcap’s biggest 20 positions at the end of September 2021.

Viva Leisure Ltd (ASX: VVA)

The other business that WAM talked about was Viva Leisure. This company operates gyms, meaning it comes from the health and leisure industry.

Viva Leisure operates 118 health clubs within the ACT, NSW, Victoria and Queensland, with the majority operating under the Club Lime brand offering.

The fund manager noted that the small cap ASX share recently completed a $11.7 million placement which will be used to strengthen the balance sheet and fund its acquisitions that it has planned.

Viva Leisure is going to benefit from the reopening trade, according to WAM, with its NSW and ACT operations expected to be open very soon (if not already). With a “re-stocked” balance sheet, the fund manager believes that Viva Leisure is well positioned to return to strong organic growth and recommence its rollout and acquisition strategy.

The post Wilson Asset Management believes these 2 leading small cap ASX shares are a buy appeared first on The Motley Fool Australia.

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• Are there any reopening ASX shares that are still cheap?
• 4 ASX shares looking ripe for the picking now

Motley Fool contributor Tristan Harrison owns shares of WAM MICRO FPO. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Aussie Broadband Limited. The Motley Fool Australia has recommended Aussie Broadband 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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Last week S&P/ASX 200 Index (ASX: XJO) overcame a poor start to record a decent gain. The benchmark index rose 41.9 points or 0.6% over the five days to end the period at 7,362 points.

Unfortunately, not all shares were able to climb higher with the market. Here’s why these were the worst performing ASX 200 shares last week:

Pendal Group Ltd (ASX: PDL)

The Pendal share price was the worst performer on the ASX 200 last week with a 15.2% decline. The majority of this decline came on Friday following the release of the fund manager’s latest funds under management (FUM) update. For the September quarter, Pendal reported a large increase in its FUM. However, this was largely due to an acquisition. Excluding this, Pendal actually reported net fund outflows of $2.3 billion during the three months.

Star Entertainment Group Ltd (ASX: SGR)

The Star share price was out of form and dropped 13.8% over the five days. Investors were selling the casino and resorts operator’s shares following media reports alleging money laundering, organised crime, large-scale fraud, and foreign interference. Star responded stating that it “is concerned by a number of assertions within the media reports that it considers misleading.” This appears to have spooked SKYCITY Entertainment Group Limited (ASX: SKC) shareholders. Its shares dropped 6.7% over the five days.

Platinum Asset Management Ltd (ASX: PTM)

The Platinum share price was a poor performer and lost 11.8% of its value last week. This decline appears to have been driven by the fund manager’s release of another disappointing FUM update. That update revealed that Platinum experienced net outflows of approximately $292 million in September. In response, Credit Suisse retained its underperform rating and cut its price target to $3.20.

Insurance Australia Group Ltd (ASX: IAG)

The IAG share price was the next worst performer with a decline of 5.2% over the period. Most of this decline occurred on the final day of the week when the insurance giant revealed that ASIC has launched civil proceedings against it in the Federal Court. The regulator is alleging that the company misled customers by applying discounts while simultaneously upping premiums. It is alleged that NRMA customers missed out on more than $60 million worth of discounts.

The post These were the worst performing ASX 200 shares last week appeared first on The Motley Fool Australia.

More reading

• Here are the top 10 ASX shares today
• Legal risk just increased for the Westpac (ASX:WBC) share price
• These 3 ASX 200 shares are topping the volume charts this Friday
• Why Harvey Norman, IAG, Pendal, and Treasury Wine are dropping
• Here’s why the IAG (ASX: IAG) share price is down 3% on Friday

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 owns shares of 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.

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Investors that are interested in boosting their income portfolio with some dividend shares might want to look at the ones listed below.

Here’s what you need to know about these top dividend shares:

Coles Group Ltd (ASX: COL)

The first dividend share to look at is Coles. It is of course one of the big two supermarket operators with over 800 supermarkets. In addition, the company has over 900 liquor retail stores and over 700 Coles express stores.

This network has significant defensive qualities, which has proven invaluable during the pandemic. And despite its size, the company still has plenty of room for growth in the coming years. It is also focusing on growing its online business by constructing new smart distribution centres with automation giant Ocado.

All in all, this is expected to underpin solid earnings and dividend growth over the 2020s.

For now, the team at Morgans is forecasting a full franked dividend of 61 cents per share in FY 2022. Based on the current Coles share price of $17.65, this will mean a yield of 3.5%.

Morgans has an add rating and $19.80 price target on its shares.

South32 Ltd (ASX: S32)

Another dividend share to look at is this mining giant. It has exposure to a range of commodities including alumina, aluminium, energy coal, metallurgical coal, manganese ore, nickel, silver, lead, and zinc.

It has also just announced an agreement to acquire 45% of the Sierra Gorda copper mine in Chile from Sumitomo Corporation for US$1.55 billion. This acquisition is expected to be immediately accretive to earnings.

The team at Goldman Sachs were pleased with this acquisition. In response, the broker retained its conviction buy rating and lifted its price target to $4.40. This compares favourably to the current South32 share price of $3.82.

In addition, the broker is forecasting fully franked dividend yields greater than 11% from FY 2022 through to FY 2026.

The post 2 excellent dividend shares that analysts love appeared first on The Motley Fool Australia.

More reading

• These 3 ASX 200 shares are topping the volume charts this Friday
• These 3 ASX 200 shares are topping the volume charts this Thursday
• Could the Coles (ASX:COL) share price hit $20 by the end of 2021?
• ASX 200 (ASX:XJO) midday update: HUB24 & Netwealth impress, A2 Milk surges again
• Why the South32 (ASX:S32) share price is jumping 11% to a multi-year high

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 owns shares of and has recommended COLESGROUP DEF SET. 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 Minerals 260 Ltd (ASX: MI6) share price has ended its first week on the ASX below its prospectus‘ offer price.

Under the Minerals 260 prospectus, investors could get their hands on shares in the company for 50 cents apiece.

The Liontown Resources Limited (ASX: LTR) spin-off underwent its initial public offering (IPO) on Tuesday afternoon. It reached an impressive 75 cents in intraday trade on Tuesday before finishing its first day on the ASX at 60 cents.

However, despite Tuesday’s strong performance, the gold, nickel, copper, and platinum-group elements explorer‘s stock finished the week lower than its offer price.

As of Friday’s close, the Minerals 260 share price is 48 cents, 2% lower than its previous close.

For context, that’s 4% lower than its offer price, 33% less than its closing price on Tuesday, and 36% lower than its brand-new record high.

It also leaves Minerals 260 with a market capitalisation of around $105.6 million

Let’s take a closer look at Minerals 260’s first 4 days as a listed entity.

Minerals 260 share price’s turbulent week

The Minerals 260 share price has ended the week lower than its offer price despite no news being released by the company.

While the market initially reacted well to the ASX newbie – boosting its shares 20% higher than its offer price on Tuesday – the positive reception didn’t last long.

On Wednesday, Minerals 260 shareholders watched as the market pushed the company’s share price down 23%. It closed at 46 cents on Wednesday.

A brief gain on Thursday was counteracted on Friday, likely leaving some Minerals 260 investors slightly bitter.

However, those who got in on Minerals 260’s IPO through Liontown’s pro-rata offer have finished the week with a silver lining.

The Liontown share price surged 13.9% yesterday – alongside many ASX lithium shares. Additionally, it managed to hold onto its gains today.

The post Minerals 260 (ASX:MI6) share price ends wild first week below list price appeared first on The Motley Fool Australia.

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• Which ASX 300 shares are the major movers on Thursday?
• Why Bank of Queensland, Fortescue, Liontown, & Pact shares are dropping
• The Minerals 260 (ASX:MI6) share price has lost 28% since yesterday’s open

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

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The Temple & Webster Group Ltd (ASX: TPW) share price finished the day around 5% higher to close the session at $13.46.

That marks off an impressive week for the online furniture retailer, whose share price is now approaching its 52-week closing high of $14.71.

Why did the Temple & Webster share price gain ground today?

Temple & Webster shares charged higher today despite there being no market-sensitive information for the company.

However, Temple & Webster shares rallied 14% this past week, and have climbed from a previous low of $11.55 on 6 October, as investors bid the e-commerce player’s share price back north.

The company did report stellar FY21 results back in August, where it recognised an 85% year on year increase in revenue to $326 million and a 140% jump in EBITDA over the year.

Investors were quick to jump on the company following its earnings release, however, the spark was short-lived, and its share price began to march southwards soon afterwards.

It wasn’t until these past 2 weeks that investors have shown love for Temple & Webster once more – a trend that analysts at investment banking giant Morgan Stanley feel is certainly warranted.

The broker has a buy rating on the company’s shares and believes it can continue growing revenues at a fast pace into the future.

Morgan Stanley believes this because of Temple’s reinvestment program, the launch of mobile apps, and structural shifts in the way consumers and workers go about their habits.

It believes an annual revenue of $1 billion by FY25 for Temple & Webster is not an unreasonable expectation given these factors.

As such, it has a $16 price target on the Temple & Webster share price, implying a 19% upside potential from today’s closing price.

It’s also worth noting that there were strengths across the broad technology sector today, with the S&P/ASX All Technology Index (XTX) leading the benchmark indices with a return of 1.12% from the open.

Aside from these pointers, there appears to be nothing remarkable that resulted in a direct impact on the company’s share price today.

About the Temple & Webster share price

The Temple & Webster share price has climbed 21% this year to date, after gaining a further 3% in the past month.

Despite this, it is 0.15% in the red over the past 12 months, well behind the benchmark S&P/ASX 200 Index (ASX: XJO)’s climb of around 18% in that time.

The post Why did the Temple & Webster (ASX:TPW) share price gain 5% on Friday? appeared first on The Motley Fool Australia.

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The Flight Centre Travel Group Ltd (ASX: FLT) share price surged nearly 4% higher on Friday. This came amid the NSW Government’s decision to scrap quarantine entirely.

Australia’s most populous state will open its international borders and scrap all forms of mandatory quarantine for vaccinated arrivals from 1 November.

In response to the decision, Flight Centre’s CEO Graham Turner told media the decision is “common sense”. The Australian Financial Review quoted Turner as saying: “Fully vaccinated people coming in, whether they’re from Queensland or the UK, if they are vaccinated, they are probably safer than someone down the street.”

As of Friday’s close, the Flight Centre share price is $22.56. That’s 3.77% higher than it was when the ASX closed on Thursday.

That’s a better performance than that of the broader market on Friday. The S&P/ASX 200 Index (ASX: XJO) and the All Ordinaries Index (ASX: XAO) ended the session 0.7% higher.

Meanwhile, the share prices of Qantas Airways Limited (ASX: QAN) and Webjet Limited (ASX: WEB) gained 1.9% and 4% respectively.

Let’s take a closer look at NSW’s new travel freedoms.

Flight Centre share price lifts after NSW scraps quarantine

NSW Premier Dominic Perrottet commented on the benefits he believes the state will see once it allows quarantine-free international travel. Perrottet stated: “Welcoming back fully vaccinated travellers will not only mean families and friends can be home in time for Christmas, it will also give our economy a major boost.”

Prime Minister Scott Morrison also weighed in on NSW’s plan to allow vaccinated travellers into Australia without quarantining, saying it demonstrated the freedoms vaccination against COVID-19 can provide.

However, Morrison was quick to clear up who can and can’t arrive in NSW from next month.

“This decision is about Australian residents and citizens first. The Commonwealth Government has made no decision to allow other visa holders… to come into Australia under these arrangements,” he said.

The post Flight Centre (ASX:FLT) share price jumps as boss applauds NSW quarantine stance appeared first on The Motley Fool Australia.

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• Why ARB, Flight Centre, HUB24, and Qantas shares are rising today
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• NSW has reopened. Time to buy?
• Is the Flight Centre (ASX: FLT) share price overvalued?
• Why did the Flight Centre (ASX:FLT) share price have such a great month in September?

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 owns shares of and has recommended Webjet Ltd. The Motley Fool Australia has recommended 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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The brokers at Macquarie Group Ltd (ASX: MQG) reckon that the Magellan Financial Group Ltd (ASX: MFG) share price is undervalued.

How undervalued could the Magellan share price be?

Macquarie noted that Magellan shares have fallen. It’s down around 25% since Magellan reported its FY21 result.

Over the past year it has fallen 46%.

The broker attributes this decline to the underwhelming returns that its main investment strategies have been generating, causing the business to trade on a lower price/earnings ratio (p/e ratio).

However, Macquarie now believes Magellan could be good value.

The dividend is one of the things Macquarie thinks will support Magellan from dropping further. Based on the broker’s numbers, Magellan is expected to pay a partially franked dividend yield of 6.7% in the current financial year.

Its forward estimated earnings multiple is also lower compared to its longer-term average. Looking at Macquarie’s profit estimate for FY22, the Magellan share price is valued at 15x FY22’s estimated earnings.

The analysts also believe that Magellan will deliver growth of both earnings and the dividend in FY23. The FY23 expected partially franked dividend yield is 7%, whilst the Magellan share price could be valued at 13x FY23’s estimated earnings.

What has been happening to performance?

For the period to 30 June 2021, the Magellan Global Fund had returned 10.8% over 12 months and 13.2% per annum over three years. However, the benchmark of the MSCI World NTR Index in AUD returned 27.5% over the prior 12 months and 14.4% per annum over the prior three years.

The Magellan Infrastructure Fund also underperformed its global infrastructure benchmark over the prior year.

In the three months to 30 September 2021, Magellan experienced net outflows of $1.53 billion, which was approximately 1.3% of average funds under management (FUM) over the quarter. That comprised net retail outflows of $617 million and net institutional outflows of $910 million.

In relation to the net institutional outflows, $1 billion of outflows were the result of three clients rebalancing their portfolios. However, all three clients were retained, each with mandates of more than $2 billion.

No institutional mandates were lost during the quarter and the global sustainable strategy secured its first two mandates during the quarter.

How did Magellan perform in FY21?

The Magellan share price started falling when it reported its report for the 2021 financial year.

Statutory net profit fell 33% to $265.2 million. There were several different elements that made up that result.

Adjusted net profit before tax and before associates rose 3% to $454.4 million.

However, its associates (namely Barrenjoey) are investing heavily for growth, leading to a loss after tax for Magellan of $41.8 million. That meant Magellan’s ‘adjusted’ net profit after tax fell 6% to $412.7 million.

The fund manager also recorded $154.1 million of transaction costs related to strategic initiatives of $154.1 million. That included a restructuring of its global equity retail funds into a single trust.

Magellan has also launched new products like a core series of exchange-traded funds (ETFs), a sustainable fund and its retirement product called FuturePay. These new initiatives may assist with FUM, profit and the Magellan share price in the coming years.

The post Why Macquarie thinks the Magellan (ASX:MFG) share price is undervalued appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison owns shares of Magellan Financial Group. 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 shares of and 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.

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Bitcoin (CRYPTO: BTC) mining, as you may know, has come under fire for the massive amounts of energy required to run its vast arrays of computer networks.

By some estimates, Bitcoin mining in 2021 is using as much energy as all of Australia.

That’s of particular concern when the mining is done in regions reliant on high-emissions coal fired electricity, as was the case with China.

But China’s crackdown on crypto mining operations, driven more by regulatory concerns than environmental worries, looks to have succeeded in all but stamping out mining in the Middle Kingdom.

Although, as the Cambridge Centre for Alternative Finance pointed out in Wednesday’s data update from its Bitcoin Electricity Consumption Index (CBECI), a growing number of miners look to be rerouting through countries like Ireland and Germany using VPNs or proxy servers.

That’s one heck of a shell game.

United States takes lead in Bitcoin mining

Nonetheless, the CBECI data indicates that the “leading share of global Bitcoin network hashrate now sits in the US, followed by Kazakhstan and the Russian Federation”.

The hashrate refers to the computing speed and power involved.

The global hashrate share in the US has climbed to 35.4%, from 16.8% at the end of April. Meanwhile Kazakhstan has seen its share increase to 18.1%, up from 8.2%, and Russia now accounts for 11%, up from 6.8% at the end of April.

As for China, its share of the global network hashrate fell to 38% in June 2021 from a high of 76% in September 2019. In the most recent data, Cambridge notes the “declared mining operations in mainland China have effectively dropped to zero”.

Commenting on the Bitcoin mining migration to the US, Jonathon Miller, the managing director Australia of cryptocurrency exchange Kraken said:

The news that the US is now the epicentre for BTC Mining doesn’t come as a surprise given the ongoing crackdowns we’ve seen in China and July’s ban on mining. It was expected that migration would occur, particularly to locations where renewable energy is cheap and plentiful.

This is a positive thing for the cryptocurrency industry as many miners in North America rely on hydroelectric power, improving the overall energy consumption and impact of BTC.

What are the implications for Australia?

Australia, Miller said, has a global Bitcoin network hashrate share of just 0.19%. “There is a big missed opportunity here for us. But it isn’t too late to invest in more renewable energy and increase our own share of the BTC Mining pie.”

Milled added:

The US digital asset industry is likely to take advantage of this boom, attracting more talent and investment, leading to more jobs, business, income and tax revenue. If we want to see the same thing replicated here, we need to improve our own energy offering so we can also reap these benefits.

With electricity prices being what they are Down Under, Australia may have some way to go on improving its energy offerings before we see an influx of Bitcoin miners.

The post Why Bitcoin miners are flocking to the US and what this could mean for Australia appeared first on The Motley Fool Australia.

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• Here’s what happened to the Bitcoin price in September

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Bitcoin. 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) dealt another day of green to finish the week. The benchmark index climbed 0.69% to 7,362 points.

By Friday afternoon the ASX boards were awash with gains. The only sector not pulling its own weight today was the utilities sector. Meanwhile, tech shares and miners pushed more than 1% higher.

As always, the question is: which shares delivered the biggest returns to investors on the ASX today? Here are the ten stocks that rose to the occasion:

Top 10 ASX shares countdown today

Looking at the top 200 listed companies, ARB Corporation Ltd (ASX: ARB) was the biggest gainer today. Shares in the 4×4 accessories company lifted 5.55%. This positive move followed an upgrade from the analysts at Citi — giving the company a price target of $55.45. Find out more about ARB Corporation here.

The next biggest gaining ASX share today was OZ Minerals Ltd (ASX: OZL). The copper-gold miner rallied 5.50% after gold prices gained overnight. Uncover the latest OZ Minerals details here.

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

ASX-listed company	Share price	Price change
ARB Corporation Ltd (ASX: ARB)	$50.44	5.55%
OZ Minerals Ltd (ASX: OZL)	$25.11	5.50%
The Star Entertainment Group Ltd (ASX: SGR)	$3.69	5.43%
Ebos Group Ltd (ASX: EBO)	$33.15	4.11%
Macquarie Group Ltd (ASX: MQG)	$190.21	4.01%
Netwealth Group Ltd (ASX: NWL)	$17.18	4.00%
Flight Centre Travel Group Ltd (ASX: FLT)	$22.60	3.96%
Webjet Ltd (ASX: WEB)	$6.41	3.72%
Imugene Ltd (ASX: IMU)	$0.425	3.66%
Magellan Financial Group Ltd (ASX: MFG)	$34.09	3.65%

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

• ARB (ASX:ARB) share price charges 6% higher on broker upgrade
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• ASX 200 (ASX:XJO) midday update: Rio Tinto cuts guidance, Treasury Wine disappoints

Motley Fool contributor Mitchell Lawler owns shares of Macquarie Group Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Netwealth. The Motley Fool Australia owns shares of and has recommended Macquarie Group Limited, Netwealth, and Webjet Ltd. The Motley Fool Australia has recommended 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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