The S&P/ASX 200 Index (ASX: XJO) went up by 0.25% today to 7,425 points.

Here are some of the highlights from the ASX:

Sydney Airport Holdings Pty Ltd (ASX: SYD)

The Sydney Airport share price rose 4.6% today after receiving another takeover offer from a consortium of investors including IFM Investors.

This new offer is $8.75 cash per Sydney Airport share. This is a higher offer than the previous offers of $8.25 per share and $8.45 per share. Those offers were rejected by Sydney Airport.

The terms of this new offer are consistent with the proposal from the consortium last month.

After taking advice and considering all of the relevant factors, the ASX 200 share has decided to grant the consortium due diligence access on a non-exclusive basis so that the consortium can put forward a binding proposal. The due diligence is expected to take four weeks from entry into a non-disclosure agreement.

In regards to accepting the offer or not, Sydney Airport said:

Should the consortium make a binding offer at $8.75 cash per stapled security then, subject to the parties entering into a binding scheme implementation agreement on terms acceptable to Sydney Airport (including as to the timeframe to implementation), and Sydney Airport having completed an assessment of the conditionality of the binding offer to its satisfaction, the current intention of the boards is to unanimously recommend that securityholders vote in favour of the proposal in the absence of a superior proposal and subject to an independent expert concluding that the proposed transaction is in the best interests of Sydney Airport securityholders.

The ASX 200 share noted that there is no certainty this will lead to a binding offer.

Nuix Ltd (ASX: NXL)

The Nuix share price increased more than 3% today after announcing an acquisition.

Nuix said that it has entered into an agreement to acquire the Topos Labs Inc business, which is based in Boston. It’s a developer of natural language processing (NLP) software that helps computer systems better understand text and spoken words at speed and scale.

The ASX 200 business said that Topo’s early-stage platform is already able to automate accurate analysis and classification of complex content in documents, electronic communications, and social media. Nuix said that NLP models can be defined directly by business users through the no-code user interface, reducing the time required to identify risk in an organisation’s data. Topos is then also able to present the risk assessment of confidential, sensitive, and regulated content in user-friendly dashboards.

The initial cost of the acquisition is US$5 million on financial close, with the potential for a further US$20 million comprised of $18.5 million cash and up to US$1.5 million in performance rights payable over 30 months.

Nuix engineering founder and chief scientist David Sitsky said:

The acquisition of Topos is an exciting evolution in Nuix’s journey. Integrating the Nuix engine’s ability to process vast quantities of unstructured data with the next generation NLP capabilities of Topos will be game-changing for Nuix’s product portfolio.

Incitec Pivot Ltd (ASX: IPL)

The Incitec Pivot share price rose 1.5% after providing an update about its Waggaman ammonia plant in Louisiana and the impact of Hurricane Ida.

After running at “nameplate capacity” since the re-start at the end of May, the Waggaman plant was brought down on 28 August 2021 in anticipation of the hurricane to ensure the safety of its people and to protect the ASX 200 share’s plant against damage.

Inspections undertaken since the hurricane have not identified any material damage to the plant. The plant’s re-start has been awaiting restoration of high voltage industrial power and utilities from third party providers. Factoring in the anticipated restoration of power and utilities, the total outage is expected to be approximately four weeks from the date the plant was brought down.

Based on current market prices for ammonia, and the planned restart schedule, the loss of earnings before interest (EBIT) is approximately US$28 million, or $21 million in net profit after tax terms.

The post ASX 200 up, Sydney Airport flies, Nuix rises appeared first on The Motley Fool Australia.

More reading

• Is worst over for ASX gold shares as Macquarie upgrades sector?
• Here are the 3 heaviest trading ASX 200 shares on Monday
• Here are the top 10 ASX shares today
• ASX 200 tech shares are dragging the market on Monday
• Why Energy Resources of Australia, Incitec Pivot, Sydney Airport, & Talga are rising

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. has recommended Nuix Pty Ltd. 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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Things could finally be looking up for ASX gold shares after a top broker upgraded the sector.

This could help explain why these ASX miners have outperformed the S&P/ASX 200 Index (Index:^AXJO) on Monday.

The Northern Star Resources Ltd (ASX: NST) share price and Evolution Mining Ltd (ASX: EVN) share price jumped more than 3% each.

The Newcrest Mining Ltd (ASX: NCM) was the relative laggard as it “only” increased by 1.9% to $24.45. But investors won’t be complaining as that’s still well ahead of the 0.3% gain by the ASX 200.

Outlook for ASX gold shares improves on upgrades

There could be more gains ahead too as worries about further big falls in the gold price are assuaged.

The analysts at Macquarie Group Ltd (ASX: MQG) have upgraded their short- and medium-term gold price forecast. This is in light of their revised 10-year yield forecast for US government bonds.

Broker sees limited downside for gold price

The broker is expecting the gold price to average US$1,750 an ounce in the 2021 December quarter. That’s around a 4% increase in Macquarie’s previous CY21 forecasts.

The precious metal is currently trading just under US$1,800 an ounce, so the downside appears limited for this year.

The news will be a relief for gold investors. Since the price of the commodity tumbled from its record peak of around US$2,067 an ounce in August last year, investors have dumped ASX gold shares.

Why the gold price may not fall much further

The fear was that rising US government bond yields will diminish the appeal of gold. Both assets are regarded as safe-haven investments, but one doesn’t pay a distribution.

Hence, as the COVID-19 economic recovery takes hold, bond yields will rise. This makes buying US government bonds a more attractive proposition to gold.

But the delta variant of the virus is dampening the recovery outlook for the global economy. This is prompting some to question if US government bond yields can rise as much as earlier forecast.

ASX gold shares enjoying an upgrade

These doubts are a boon for ASX gold shares. And given that most of these miners have crashed into a bear market, which is a peak-to-trough fall of 20% or more, the sector could be fertile ground for bargain hunters.

This may be particularly so as Macquarie has upgraded its recommendation on the Newcrest share price to “outperform”.

The broker’s 12-month price target on Australia’s largest gold miner was increased by 7% to $29 a share.

Macquarie also upgraded its rating on the Evolution Mining share price to “neutral” from “underperform”. The price target for Evolution Mining was lifted by 3% to $4 a share.

Best ASX gold shares to buy now

The broker’s top pick for the sector is Northern Star. Macquarie reiterated its buy call on the shares and boosted the price target by 8% to $14 a share.

Macquarie is expecting the gold price to average US$1,625 an ounce in 2022 before bottom around US$1,500 the year after.

The post Is worst over for ASX gold shares as Macquarie upgrades sector? appeared first on The Motley Fool Australia.

More reading

• Here are the 3 heaviest trading ASX 200 shares on Monday
• Here are the top 10 ASX shares today
• ASX 200 tech shares are dragging the market on Monday
• National Australia Bank (ASX:NAB) share price dragged lower by downgrade
• Macquarie (ASX:MQG) share price struggles amid broker sell rating

Motley Fool contributor Brendon Lau owns shares of Macquarie Group Limited and Newcrest Mining 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 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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The Rio Tinto Limited (ASX: RIO) share price has struggled to elevate from 10-month lows following the continued weakness in iron ore prices.

However, the iron ore giant could soon be making “one of its biggest strategic pivots” to lithium.

Rio Tinto to ramp up exposure to battery materials

Back in July, Rio Tinto confirmed its $2.4 billion commitment to fund its Jadar lithium-borates project in Serbia.

The move would “scale up Rio Tinto’s exposure to battery materials, and demonstrate the company’s commitment to investing capital in a disciplined manner to further strengthen its portfolio for the global energy transition.”

The Sydney Morning Herald (SMH) reported that Rio Tinto’s new head of minerals, Sinead Kaufman, has just returned home from a trip to Serbia.

“While in the Serbian capital Belgrade, she met with Prime Minister Ana Brnabić to personally update her about how the project’s environmental impact assessment was progressing.”

One of Kaufman’s immediate challenges is to overcome the mounting local scrutiny of building a new mine.

According to the SMH, local conservation groups and protests have attracted 130,000 signatures. Reportedly it has even raised “the prospect of a referendum on whether it should go ahead”.

If successful, Rio Tinto believes it will emerge as the “largest source of lithium supply in Europe for at least the next 15 years.”

Rio Tinto said that Jadar will be one of the largest industrial investments in Serbia, “contributing 1% directly and 4% indirectly to GDP.”

Assuming all things go to plan, the first saleable production is expected in 2026. This will ramp up to full production in 2029. At full capacity, the mine will produce ~58,000 tonne of lithium carbonate, 160,000 tonne of boric acid and 255,000 tonne of sodium sulphate annually.

Kaufman told the SMH that “even with that [Jadar], we see that EV demand will require another 40 Jadars to be built.”

“We see a strong demand for lithium in batteries in particular,” she added.

Rio Tinto share price snapshot

The Rio Tinto share price is down 6.86% year to date after sliding ~16% in August.

The post Rio Tinto (ASX:RIO) share price grounded as US$2.4b lithium mine faces local opposition appeared first on The Motley Fool Australia.

More reading

• Leading brokers name 3 ASX shares to buy today
• How have ASX resources shares performed during the August 2021 earnings season?
• Rio Tinto (ASX:RIO) share price at 10-month lows. What’s next?
• ASX 200 sinks, BHP and CBA fall
• Rio Tinto (ASX:RIO) share price slides as iron ore value continues tumbling

Motley Fool contributor Kerry Sun 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 King Island Scheelite Limited (ASX: KIS) share price ended the day in positive territory following a company announcement.

At market close, the mining company’s shares finished at 18.5 cents, up 5.71%.

New offtake agreement

According to the release, King Island Scheelite advised it has secured an offtake agreement with physical commodity trader and merchant, Traxys.

Under the deal, 90,000 metric tonne units (equivalent to 10 kilograms) of tungsten trioxide will be supplied annually from King Island Scheelite’s Dolphin Tungsten Project. Combined with the Wolfram agreement, this represents around 70% of the total annual production output from the mine.

King Island Scheelite noted that the agreement is for a total quantity of 330,000 units of tungsten trioxide. The processing plant has been commissioned and will operate until the order is completely fulfilled.

The price received each month for the concentrate will be dependent on market prices for Ammonium Para Tungstate (APT). Currently, APT is fetching for up to US$315 per metric unit tonne. The price has accelerated approximately 35% in 2021, despite COVID-19 impacts on the automotive and aviation sectors.

With the current price and exchange rates, the agreement translates to revenue of around $100 million for King Island Scheelite.

Previously, the company had entered into an agreement for tungsten trioxide with Kalon Resources, a wholly-owned subsidiary of Noble Group. However, certain financial milestones were not met, and a termination notice has been served. It is expected this will take effect on 10 November.

About the King Island Scheelite share price

Since the beginning of 2021, King Island Scheelite shares have risen 90%. Although, when factoring in the last 12 months, these gains extend to over 200% for investors.

The company’s share price reached an all-time high of 35.5 cents in March this year before profit-takers swopped in. And even with today’s higher price, its shares have continued to gradually slide lower over the longer-term.

King Island Scheelite presides a market capitalisation of roughly $77.7 million, with 408 million shares on its books.

The post Why the King Island Scheelite (ASX:KIS) share price rose 6% today appeared first on The Motley Fool Australia.

More reading

• Here are the 3 heaviest trading ASX 200 shares on Monday
• Fortescue (ASX:FMG) shares bounce off 9-month low as iron ore sell-off continues
• Boral (ASX:BLD) share price lifts amid latest business sale
• 2 growing small cap ASX shares to watch
• The WAM Capital (ASX:WAM) share price is up 6% in a month. What’s next?

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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The S&P/ASX 200 Index (ASX: XJO) had a rather positive day on Monday, closing the session at 7,425.2 points, up 0.25% for the day.

But let’s get away from those uninspiring numbers and, instead, check out which ASX 200 shares have been topping the charts today in terms of raw trading volume.

The 3 heaviest trading ASX 200 shares this Monday

Alumina Ltd (ASX: AWC)

ASX 200 resources share Alumina is our first ASX share up today. This aluminium producer has seen a healthy 16.72 million of its shares trade today. This appears to be a result of what has happened with the Alumina share price today, seeing as there were no major news or announcements out of the company.

Alumina shares finished up a robust 1.83% to $2.22 a share. But the company took a big dive around midday, going as low as $2.16 a share before recovering. It’s probably a result of this volatility that we saw so many Alumina shares bouncing around today,

Sydney Airport Holdings Pty Ltd (ASX: SYD)

Sydney Airport is probably the ASX star of the show today. The company set chins a wagging this morning when it announced a third player has lobbed a bid to acquire the Airport. As you might expect, this caused the Sydney Airport share price to spike today. It closed 4.63% higher at $8.37. Almost certainly as a result, we saw a hefty 25.5 million SYD shares swap hands.

Pilbara Minerals Ltd (ASX: PLS)

Not even a takeover offer for Sydney Airport can keep ASX 200 lithium producer Pilbara Minerals away from the top of the pile today. Pilbara saw a whopping 26.46 million of its own shares bought and sold. This follows a massive 7.32% surge in the Pilbara share price at close on Monday. The company finished the session at $2.20 a share. This big jump is likely what has placed Pilbara at the top of today’s list.

The post Here are the 3 heaviest trading ASX 200 shares on Monday appeared first on The Motley Fool Australia.

More reading

• Here are the top 10 ASX shares today
• Pilbara Minerals (ASX:PLS) share price up 6% on Monday as lithium prices hit record high
• ASX 200 tech shares are dragging the market on Monday
• Why Energy Resources of Australia, Incitec Pivot, Sydney Airport, & Talga are rising
• National Australia Bank (ASX:NAB) share price dragged lower by downgrade

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 Fortescue Metals Group Limited (ASX: FMG) share price is rebounding after hitting a 9-month low of $17.81 last Thursday.

At market close on Monday, shares in the iron ore major finished up 0.55% at $18.37.

Fortescue share price defies weak iron ore outlook

Iron ore prices tanked to 1-year lows last Friday. This was following increasing concern that more steel production constraints will come out of China.

Mining.com reported that:

…the most-traded January iron ore contract on the Dalian Commodity Exchange ended daytime trading 0.3% lower at 732.50 yuan ($113.66) a tonne. It touched 717.50 yuan a tonne on Thursday, the weakest since February 4.

Prices edged lower following reports that:

In Jiangsu, China’s second-largest steel-producing province, a campaign to monitor energy consumption among industrial enterprises including steelmakers raised fears of further disruption in blast furnace operations.

Prices on the spot market remained weak, falling 0.4% to US$129.71/tonne on Friday, according to Fastmarkets. Sources told Fastmarkets that prices ticked lower in expectation of weakening demand. This was due to potential further cuts in steel production until the end of 2021.

Despite the bearish headlines, the Fortescue share price has managed to rally more than 3% in the last two trading sessions.

What’s next for iron ore?

The outlook for iron ore doesn’t seem very promising.

Mining.com quoted analysts from Westpac Banking Corp (ASX: WBC) who said:

Iron ore prices have had a volatile couple of months but as August closed, it was clear there had been a quantum shift in the market leading us to revise down our year-end forecast from $175/tonne to $125/tonne.

To add some perspective, Fortescue’s average realised price for its lower-grade iron ore was US$135/dry metric tonne (dmt) in FY21.

The last time iron ore traded at US$125/t was around mid-November last year. At this time, the Fortescue share price was fetching roughly ~$17 a share.

The post Fortescue (ASX:FMG) shares bounce off 9-month low as iron ore sell-off continues appeared first on The Motley Fool Australia.

More reading

• The Fortescue (ASX:FMG) share price is down 13% so far this month
• How have ASX resources shares performed during the August 2021 earnings season?
• These were the worst performing ASX 200 (ASX:XJO) shares last week
• These ASX 200 dividend shares are about to dish out $40bn to shareholders
• Could falling iron ore prices be good for the Fortescue (ASX:FMG) share price?

Motley Fool contributor Kerry Sun 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 Boral Limited (ASX: BLD) share price has finished the trading day on Monday, up 2.21% to $6 per share.

Below we look at the latest from the building products and construction materials company.

Why is Boral making headline news?

Boral’s share price may have seen some impact from news reported by the Australian earlier today.

According to that article, the company has offloaded “its Australian roof tiles business to private equity firm Lutum and three members of its former management”. The selling price is believed to be somewhere below $30 million.

It’s expected that Boral will hold onto its roof tile business at its Sydney real estate sites while selling the rest of the operation as part of its ongoing strategy to divest its building products segments in Australia.

Today’s bounce in will come as welcome news to investors, who’ve watched shares plummet 12% over the last month.

The Boral share price has come under pressure recently as changes in the S&P Dow Jones Indices to the S&P/ASX Indices will see Boral removed from the ASX 100 Index as of 20 September.

While that may not matter much to you or me, it could have a material impact on some of the larger fund managers who are limited to investing in the top-100 companies by market cap.

Shares in the construction materials company also took a hit during Seven Group Holdings Ltd (ASX: SVW) takeover manoeuvres.

That takeover bid was finally completed on 29 July, leaving Seven Group with a majority stake of 69.5% of Boral’s shares. This saw Seven Group’s CEO Ryan Stokes swiftly replace the company’s previous Board chair, Katheryn Fagg.

Boral share price snapshot

Despite a few recent woes, the Boral share price remains up 21% year-to-date. That compares to a gain of 11% for the S&P/ASX 200 Index (ASX: XJO) so far in 2021.

Over the past 5 days, Boral’s shares are down 0.5%.

The post Boral (ASX:BLD) share price lifts amid latest business sale appeared first on The Motley Fool Australia.

More reading

• Why the Boral (ASX:BLD) share price is down 17% in a month
• These were the worst performing ASX 200 shares in August
• Boral (ASX:BLD) share price on watch as revenue falls
• The Boral (ASX:BLD) share price fell 8% last time the company reported
• The Boral (ASX:BLD) share price is down 7% in a month. Here’s why

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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Investing in the small side of the share market carries significantly more risk than other areas.

However, if your risk tolerance allows for it, having a bit of exposure to this side of the market could be a good thing for a balanced portfolio.

With that in mind, here are two small cap ASX shares that could be worth watching closely:

BlueBet Holdings Ltd (ASX: BBT)

The first small cap share to watch is BlueBet. It is a mobile-first online wagering provider. BlueBet allows users to bet on all Australian and international racing and sports through its website and app.

The company has been growing very strongly over the last 12 months thanks to the increasing popularity of mobile sports betting.

For example, in FY 2021, the company outperformed its prospectus forecasts with an 83.3% increase in turnover to $344.7 million and a 48.4% lift in underlying EBITDA to $7.5 million. This was underpinned by a 45.7% increase in active customers to 32,472.

Positively, management is confident that this trend can continue and believes it is well positioned to substantially grow its share of the market in Australia and expand into the massive US market.

Morgans is very positive on the company’s long term growth prospects. As a result, it recently put an add rating and $2.57 price target on its shares.

Mach7 Technologies Ltd (ASX: M7T)

Another small cap ASX share to watch is Mach7. It is a medical imaging data management solutions provider that allows users to create a clear and complete view of the patient. Users then use this to help them inform diagnosis, reduce care delivery delays and costs, and improve patient outcomes.

Demand for this type of software continues to grow thanks to industry tailwinds such as telehealth.

This was evident in FY 2021, with the company reporting a 95% increase in sales orders (total contract value) to $25.6 million. This is still well short of its estimated total addressable market of US$2.75 billion.

Morgans is also a fan of the company and believes it is well-placed to deliver strong revenue growth in the coming years. The broker currently has an add rating and $1.56 price target on the company’s shares.

The post 2 growing small cap ASX shares to watch appeared first on The Motley Fool Australia.

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• BlueBet (ASX:BBT) share price drops 14% on US blow
• 3 small cap ASX shares to watch
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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 MACH7 FPO. The Motley Fool Australia has recommended BlueBet Holdings Ltd and MACH7 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 WAM Capital Limited (ASX: WAM) share price has risen by 6% over the last month. What may be next for the listed investment company (LIC)?

What is WAM Capital?

For readers that haven’t heard of WAM Capital before, it’s a LIC. The purpose of a LIC is to invest in other shares on behalf of shareholders.

This is the biggest of the WAM LICs, of which there are several. WAM Capital says that it looks for the most compelling undervalued growth opportunities in the Australian share market.

According to the ASX, it currently has a market capitalisation just over $2 billion.

What has happened in the last month?

WAM Capital’s share price rose 5% in the week after delivering its FY21 result.

The LIC reported that it made a record operating profit before tax of $343.3 million. That was a reversal from the operating loss before tax of $47.2 million in FY20. It also made a record operating profit after tax of $266.6 million, which was a turnaround from the operating loss after tax of $26.7 million.

In percentage terms, WAM said that over FY21 its investment portfolio increased by 37.5% (before expenses, fees and taxes), outperforming the S&P/ASX All Ordinaries Accumulation Index by 7.3%.

WAM Capital saw a total shareholder return over the 12 months to 30 June 2021 of 28.9%. That’s the combined return of dividends and share price growth.

The LIC declared a fully franked final dividend of 7.75 cents per share, bringing the full year dividend to 15.5 cents per share. WAM Capital noted that the LIC had a profit reserve of 21.8 cents per share as at 31 July 2021, before the payment of the final dividend.

Investor presentation

Last week, WAM Capital also released an investor presentation.

It noted that based on the 7 September 2021 share price of $2.33 it had a fully franked dividend yield of 6.7% and a grossed-up dividend yield of 9.5% (which is including the benefit of franking credits into the yield).

In that investor presentation, WAM Capital said that its investment strategy is now shifting from COVID-19 beneficiaries to the Australian re-opening.

Some of the ASX shares that it pointed out as holdings were Universal Store Holdings Ltd (ASX: UNI), Ardent Leisure Group Ltd (ASX: ALG), Event Hospitality and Entertainment Ltd (ASX: EVT), Viva Energy Group Ltd (ASX: VEA) and Maas Group Holdings Ltd (ASX: MGH).

At the end of July 2021, some of the other top 20 ASX share holdings in the WAM Capital portfolio were: Australian Clinical Labs Ltd (ASX: ACL), City Chic Collective Ltd (ASX: CCX), Reliance Worldwide Corporation Ltd (ASX: RWC) and Webjet Limited (ASX: WEB).

What is the current WAM Capital yield?

At the WAM Capital share price of $2.33, the annual dividend of 15.5 cents translates to a fully franked yield of 6.6% and a grossed-up dividend yield of 9.5%.

The ex-dividend date for the final dividend is 18 October 2021.

The post The WAM Capital (ASX:WAM) share price is up 6% in a month. What’s next? appeared first on The Motley Fool Australia.

More reading

• 2 ASX shares liked by this top fund manager
• Why is WAM Capital (ASX:WAM) underperforming the ASX 200 in 2021?

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 shares of and has recommended Reliance Worldwide Corporation Limited. The Motley Fool Australia owns shares of and has recommended Webjet Ltd. The Motley Fool Australia has recommended Reliance Worldwide Corporation 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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Today, the S&P/ASX 200 Index (ASX: XJO) climbed higher despite a weaker US market on Friday night. The benchmark index climbed 0.25% higher to 7,425.2 points. Mining and energy shares squeezed out the gain, offsetting losses in real estate and financial shares.

The question is: which shares delivered the most generously 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, Pilbara Minerals Ltd (ASX: PLS) was the biggest gainer today. Shares in the lithium producing company rallied 6.83%% as lithium prices hit record highs. Find out more about Pilbara Minerals here.

The next biggest gaining ASX share today was Lynas Rare Earths Ltd (ASX: LYC). The rare earths miner notched up a gain of 4.93% to $7.45. Uncover the latest Lynas details here.

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

ASX-listed company	Share price	Price change
Pilbara Minerals Ltd (ASX: PLS)	$2.19	6.83%
Lynas Rare Earths Ltd (ASX: LYC)	$7.45	4.93%
Yancoal Australia Ltd (ASX: YAL)	$2.57	4.90%
Sydney Airport Holdings Pty Ltd (ASX: SYD)	$8.355	4.44%
Evolution Mining Ltd (ASX: EVN)	$3.945	4.09%
Oz Minerals Ltd (ASX: OZL)	$24.34	3.75%
Northern Star Resources Ltd (ASX: NST)	$9.43	3.17%
Aristocrat Leisure Ltd (ASX: ALL)	$48.22	2.95%
Iluka Resources Ltd (ASX: ILU)	$10.28	2.80%
Zip Co Ltd (ASX: Z1P)	$7.02	2.18%

Our top 10 ASX shares 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

• Pilbara Minerals (ASX:PLS) share price up 6% on Monday as lithium prices hit record high
• ASX 200 tech shares are dragging the market on Monday
• National Australia Bank (ASX:NAB) share price dragged lower by downgrade
• ASX 200 energy and materials shares are leading the market on Monday
• ASX 200 (ASX:XJO) midday update: Sydney Airport jumps, Qantas falls

Motley Fool contributor Mitchell Lawler owns shares of Lynas Corporation Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended ZIPCOLTD FPO. 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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