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On Monday, the S&P/ASX 200 Index (ASX: XJO) started the week with a decent gain. The benchmark index rose 0.45% to 7,064.3 points.

Will the market be able to build on this on Tuesday? Here are five things to watch:

ASX 200 expected to rise again

The Australian share market is expected to open the day higher on Tuesday following a positive start to the week on Wall Street. According to the latest SPI futures, the ASX 200 is poised to open the day 23 points or 0.3% higher. On Wall Street the Dow Jones rose 0.45%, the S&P 500 climbed 0.4%, and the NASDAQ was up 0.6%.

BHP results

The BHP Group Ltd (ASX: BHP) share price will be in focus on Tuesday when the mining giant releases its full year results. According to a note out of Morgans, its analysts are forecasting BHP to report EBITDA of US$40,776 million and a net profit of US$23,844 million. This is expected to underpin a fully franked US$2.84 per share dividend. Elsewhere, Goldman is forecasting EBITDA of US$44,000 million and a US$2.90 per share dividend.

Oil prices tumble

It could be a very red day for energy producers including Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) after oil prices tumbled on Monday night. According to Bloomberg, the WTI crude oil price is down 3.45% to US$88.91 a barrel and the Brent crude oil price has dropped 3.65% to US$94.58 a barrel. Surprisingly weak economic data out of China put pressure on prices.

Goldman’s bank ratings update

In response to their respective updates on Monday, the team at Goldman Sachs has downgraded Bendigo and Adelaide Bank Ltd (ASX: BEN) shares to a neutral rating with a $10.60 price target and retained their conviction buy rating on Westpac Banking Corp (ASX: WBC) shares with an improved price target of $26.55. Goldman notes that Westpac’s “asset quality was run-rating better” than its previous second half forecasts.

Gold price falls

It could be a difficult day for gold miners such as Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) after the gold price dropped overnight. According to CNBC, the spot gold price is down 1.15% to US$1,794.60 an ounce. A strong rebound by the US dollar and rate hike concerns weighed on the precious metal.

The post 5 things to watch on the ASX 200 on Tuesday appeared first on The Motley Fool Australia.

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More reading

• Why did the Woodside share price lag the ASX 200 on Monday?
• Here are the top 10 ASX 200 shares today
• Why is the AMP share price having such a lousy start to the week?
• Here are the 3 most heavily traded ASX 200 shares on Monday
• What’s impacting the Santos share price today?

Motley Fool contributor James Mickleboro has positions in Westpac Banking Corporation. 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 positions in and has recommended Bendigo and Adelaide Bank Limited. The Motley Fool Australia has recommended Westpac Banking Corporation. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Are you interested in adding some ASX growth shares to your portfolio this month? If you are, you may want to look at the three listed below that have recently been named as buys.

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

Breville Group Ltd (ASX: BRG)

The first ASX growth share to look at is leading appliance manufacturer Breville. It could be worth considering due to its positive long term growth outlook which is underpinned by a combination of favourable industry tailwinds, its investment in research and development, and ongoing global expansion. The team at Morgans is very positive on the company and expects Breville to “deliver double-digit sales growth consistently over the next few years.” Morgans currently has an add rating and $25.00 price target on its shares.

Domino’s Pizza Enterprises Ltd (ASX: DMP)

Another ASX growth share that could be in the buy zone is Domino’s. This pizza chain operator could be a top option due to its strong brand, ongoing investment in technology, and expansion plans. The latter sees the company aiming to more than double its store network by FY 2033 in existing markets. In addition, the company has the balance sheet strength to add to its network with acquisitions, extending its market opportunity further. And while Domino’s is having a tough time this year, the headwinds it is facing are only expected to be temporary. As a result, the team at Citi believe recent share price weakness could be a buying opportunity. The broker has a buy rating and $92.95 price target on its shares.

Webjet Limited (ASX: WEB)

A final ASX growth share for investors to look at is this online travel agent. Unsurprisingly, Webjet was hit incredibly hard by the pandemic. The good news is that travel markets are now rebounding and the company expects to become profitable again in the near future. And with its costs reduced materially from pre-pandemic levels, Webjet will be a much more efficient business in the future. It is for this reason that Goldman Sachs is a big fan of Webjet. Its analysts currently have a buy rating and $6.90 price target on its shares.

The post Here are 3 top ASX growth shares that experts are tipping as buys appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Brokers name 3 ASX shares to buy today
• Better ASX travel buy: Flight Centre or Webjet?
• Is it a problem for shareholders that Italians don’t like Domino’s Pizza?
• 2 excellent ASX growth shares to buy now according to brokers

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited and Webjet Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Seven Group Holdings (ASX: SVW) share price had its ups and downs on Monday but finished the trading day in positive territory. Shares in the ASX agribusiness closed 0.39% higher at $18.03.

It’s been a challenging year for the Seven Group share price, down 25.3% over the past 12 months.

Credit Suisse analysts believe it’s undervalued at current levels, saying that the potential for further bad news has already been priced in for the stock.

With the company submitting its earnings report tomorrow, let’s find out why the Credit Suisse brokers are bullish on this ASX 200 share.

Credit Suisse analyst rating

As reported by The Australian, Credit Suisse analyst Andrew Hodge believes that the company is trading lower than it should.

A note addressed to investors explained the broker’s stance:

We believe SVW remains materially undervalued, but are also cognisant the very near term is unlikely to produce any re-rating catalysts. Although recent share price performance suggests a broad expectation of prospective bad news already exists within the market.

Credit Suisse reduced the consensus price target for Seven Group Holdings, but the forecast still undervalues it. The consensus price is $22.15, giving it a 22.91% upside at the time of writing.

Hodge predicted a higher share price to materialise over the next 12 months as its Coates and WesTrac businesses were expected to perform strongly.

He added that Seven Group Holdings would likely provide investors with a “conservative” FY23 outlook when it reported tomorrow morning. The broker expects that to have a knock-on effect on the company’s share price.

Despite some recent share price weakness, we believe lower than consensus guidance will result in modest share price weakness from current levels.

Other analysts disagree on the fair value of the ASX 200 share. Joe Wright of Airlie Funds Management said last week it was trading at “a price we believe is more than fair”.

Seven Group Holdings share price snapshot

The Seven Group Holdings share price is down 18.93% year to date. It’s trading significantly below the S&P/ASX 200 Index (ASX: XJO), which is 6.92% lower over the same period.

Seven Group Holding’s market capitalisation is $6.52 billion.

The post Why one broker is bullish on this ‘unloved and undervalued’ ASX 200 share appeared first on The Motley Fool Australia.

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More reading

• Down 20% so far this year, why this ASX 200 share is now ‘incredibly compelling’: Airlie

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

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With so many blue chip ASX shares to choose from, it can be hard to decide which ones to buy.

To narrow things down, I have picked out two top blue chip ASX shares that experts rate as buys right now. They are as follows:

Cochlear Limited (ASX: COH)

The first blue chip ASX share to look at is Cochlear. It is one of the world’s leading developers, manufacturers, and distributors of cochlear implantable devices for the hearing impaired.

Cochlear has earned this strong market position thanks to its portfolio of world-class products which has been developed following its high level of investment in research and development (R&D) over the last four decades.

The good news is that management isn’t resting on its laurels. Each year the company spends around 12% of its annual revenue on R&D activities. This ensures that it remains ahead of the pack and creates a significant barrier to entry.

So with populations around the world ageing and demand for cochlear implantable devices expected to increase strongly over the next couple of decades, Cochlear appears well-placed for growth over the long term.

Morgans certainly believes this will be the case. As a result, it has an add rating and $244.50 price target on Cochlear’s shares.

Goodman Group (ASX: GMG)

Another blue chip ASX share to look at is Goodman Group. It is a leading integrated commercial and industrial property company.

Goodman is another company that appears well-placed for growth over the long term. This is thanks to to its world class portfolio, which has been developed to give it exposure to key growth markets such as ecommerce and logistics.

The team at Citi are very positive on Goodman and are forecasting strong earnings growth in the coming years. For example, the broker expects earnings per share growth of ~23% in FY 2022 and then ~20% in FY 2023.

Citi also sees value in Goodman’s shares at the current level with its buy rating and $22.00 price target.

The post 2 blue chip ASX 200 shares tipped as buys by experts appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Thursday
• Broker names 3 ASX 200 shares to buy and hold
• Here are the top 10 ASX 200 shares today
• Experts name 3 ASX 200 shares to buy now
• Why these blue chip ASX 200 shares are rated as buys by experts

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL 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 Scott Phillips.

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The Ragusa Minerals Ltd (ASX: RAS) share price has exploded in the past week.

In the last week, the company’s share price has lifted 138% to 20 cents. For perspective, the S&P/ASX 200 Materials Index (ASX: XMJ) has climbed 2% in the same time frame.

Let’s take a look at what is happening at Ragusa Minerals?

What’s driving this price boost?

Ragusa Minerals is exploring lithium in the Litchfield Pegmatite Belt in the Northern Territory. Ragusa also has a 100% interest in a halloysite and kaolinite project in Western Australia, along with gold projects in Zimbabwe and Alaska.

However, it is lithium news out of the Northern Territory project that seems to have pushed up the Ragusa Minerals share price.

On Thursday, Ragusa announced historical exploration works had confirmed “high grade lithium perspectivity” at the company’s NT lithium project.

As my Foolish colleague Bronwyn reported, this included 8.03% Li2O3 and 7.25% Li2O6.

Commenting on the results, chairperson Jerko Zuvela highlighted the company’s “significant opportunity” to progress the NT lithium project.

He said Ragusa is in a strong position to rapidly accelerate the project within a “high quality lithium district”.

Today alone, the Ragusa Minerals share price soared a further 42.86%, in what was a strong day for ASX lithium shares.

Ragusa share price snapshot

The Ragusa Minerals share price has exploded 150% in the past year and 153% year to date.

For perspective, the ASX 200 Materials Index has lost nearly 11% in a year.

Ragusa has a market capitalisation of $25.15 million based on the current share price.

The post Why has the Ragusa Minerals share price exploded 136% in a week? appeared first on The Motley Fool Australia.

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More reading

• Here are 2 ASX lithium shares surging on new discoveries
• Guess which ASX mining share is rocketing 55% on a new lithium find

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

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The CSL Limited (ASX: CSL) share price will be one to keep an eye out for this week.

On Wednesday, the global biotech is scheduled to release its full year results.

While there’s still some time left, let’s take a look to see what the market is expecting from CSL.

What should you expect from CSL’s full year results?

During its first-half results, CSL reaffirmed its FY22 outlook with net profit after tax (NPAT) of between US$2,150 million and US$2,250 million at constant currency.

It noted that the FY22 result is however heavily skewed to the first half.

Under the CSL Behring banner, improving plasma collection is projected to drive stronger immunoglobulins and albumin sales.

CSL’s Seqirus business is forecasted to have expenses falling more evenly over the year giving rise to a loss in the second half of sales. Although this may appear as a shock, management noted it is consistent with seasonality.

And what does this broker think?

Goldman Sachs believes there’s an upside from the plasma recovery and the US$12.3 billion Vifor Pharma acquisition.

The broker estimates CSL will achieve US$10,903.3 million in revenue for FY22 as the world moves into a post-COVID phase.

In addition, EBITA is projected to come at US$3,718.6 million.

Goldman Sachs said that for Behring, it sees “a sufficiently supportive set-up for margins to recover towards pre-Covid levels by FY24.”

It further noted that demand for immunoglobulins portfolio appears robust, with evidence that donor fees are declining in absolute terms.

However, uncertainty remains elevated, and with scope for current cost/mix pressures to temper the near-term margin trajectory, the broker is waiting for more insights from FY22 results next week.

Goldman Sachs has a neutral rating for CSL shares and price target of $307 per share.

Based on today’s price of $293.24, this represents an upside of almost 5%.

CSL share price summary

The CSL share price has uncharacteristically been a poor performer in the past 12 months, shedding 2%.

The company’s shares reached a 52-week low of $240.10 on 15 February before travelling in circles over the next 4 months.

Since then, the share has tracked higher on the back of renewed market confidence but is still 15% down from its pre-COVID highs.

The post Looking to buy CSL shares? Here’s what to watch when the biotech company reports this week appeared first on The Motley Fool Australia.

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More reading

• Here are 3 ASX blue-chip shares reporting this week
• Goldman Sachs gives its verdict on the CSL share price
• CSL share price climbs as $16 billion Vifor acquisition becomes effective
• ‘Excited about the pipeline’: Why Wilson says the CSL share price is in the buy zone right now
• 3 ASX 200 shares to buy for a post-COVID resurgence: experts

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 positions in and has recommended CSL 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 Scott Phillips.

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It ended up being a pleasing start to the trading week for ASX 200 shares on Monday. As of the closing bell, the S&P/ASX 200 Index (ASX: XJO) has added a healthy 0.45% at 7,064.3 points. But the Woodside Energy Group Ltd (ASX: WDS) share price had no such luck.

Woodside shares had a bit of a clanger, falling by 0.43% to $32.63 by the end of the session. So what happened here with the ASX 200’s largest energy share?

What went wrong with the Woodside share price today?

Well, it was nothing to do with any news or announcements the company put out, seeing as there were none. This downwards move might have been influenced by the moves of the Beach Energy Ltd (ASX: BPT) share price though.

Beach, a fellow ASX 200 oil share, had an awful day today. Its shares dropped by a painful 11.1% by the end of the day to $1.65 a share. Investors were not impressed with the company’s FY22 earnings report, which was released this morning.

As we covered at the time, investors seemed to be expecting a little more than the $504 million in underlying net profit after tax (NPAT) the company delivered.

But even before these earnings came out, it wasn’t looking good for Woodside shares. As my Fool colleague James presciently predicted this morning, ASX oil shares were always going to come under pressure today, given the large drop in the oil price itself over the weekend.

As we reported this morning, the WTI crude oil price fell 2.4% to US$92.09 a barrel and the Brent crude oil price fell 1.45% to US$98.15 a barrel. Not exactly good news for the companies that pull the ‘black gold’ out of the ground.

So it’s probably a combination of these factors that has led to the underperformance in the Woodside share price we see today. No doubt investors will be hoping for a better day tomorrow.

At the last Woodside Energy Group share price, this ASX 200 energy share has a market capitalisation of $61.9 billion, with a dividend yield of 5.74%.

The post Why did the Woodside share price lag the ASX 200 on Monday? appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Why is the AMP share price having such a lousy start to the week?
• Here are the 3 most heavily traded ASX 200 shares on Monday
• Why Beach, Bendigo and Adelaide Bank, Opthea, and Paradigm shares are sinking
• Why is the Liontown share price leaping 5% on Monday?

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

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The Fortescue Metals Group Limited (ASX: FMG) share price spent a day in the green even though the company has been on the receiving end of negative attention today.

The ASX iron ore miner was trading 1.06% higher at $19.14 at the close on Monday. In comparison, the S&P/ASX 200 Index (ASX: XJO) closed 0.45% higher.

Fortescue aims to produce millions of tonnes of green hydrogen annually in the coming years. But, its leadership is clear on the goal – the hydrogen should be produced using renewable energy, not other forms of energy like fossil fuels.

The campaign for only green hydrogen to be produced in Australia has annoyed the Australian Workers’ Union (AWU).

According to reporting by the Australian Financial Review, the AWU passed a resolution at its national conference a couple of weeks ago that the hydrogen industry should be supported “in all its forms”.

What’s the problem with green hydrogen?

The media report said that the union wanted Australian governments “to reject a narrow green-focused hydrogen agenda” and instead prioritise the scaling-up of hydrogen this decade.

AWU national secretary Daniel Walton was quoted in the AFR as saying:

We can’t let green activists and self-interested billionaires control the national conversation on this. If we do we’ll be missing a massive opportunity to position Australia as a global hydrogen powerhouse.

There’s nothing wrong with green hydrogen, it’s the future. But it’s also many, many years off being economic. We need to move much faster than that.

Fortescue is fully behind green hydrogen

Of course, Fortescue boss Andrew Forrest has a very different opinion. He wants Fortescue to produce 30 million tonnes of green hydrogen annually by 2030. In February 2022, he told the Queensland Media Club:

We cannot – we must not – keep relying on foreign fossil fuel imports to keep our country running – our hospitals, our schools, our homes and our industries.

We must create our own energy from the wind and the sun, and build a new ecosystem of green industries around it that is fed purely by 100% renewable electricity.

Green hydrogen and green ammonia can fully replace every form of fossil fuel and the employment demand will be greater than what we have, so those worried about their jobs need not.

Forrest said by 2025, green hydrogen was projected to “hit cost parity with fossil fuel-based hydrogen in many regions, triggering an explosion in uptake and applications”.

… Why else would we go through the macabre pretence of turning fossil fuels into so-called “clean” hydrogen when the result creates more emissions than simply burning the fossil fuel in the first place?

The right decision is to invest in green energy and green hydrogen – real solutions that permanently stop global warming while creating economic choice.

Forrest added that the option to “keep burning fossil fuels and pretend we can just bury the emissions underground using the failed technology of carbon capture and storage is like taking a Panadol or a placebo when you have a fatal disease”.

A spokesperson for Fortescue Future Industries (FFI), the green division of Fortescue, told the AFR it would begin production of large-scale green energy and hydrogen from the middle of the decade. The spokesperson added that FFI would welcome the opportunity to discuss the issue with the AWU.

Fortescue share price snapshot

Fortescue shares have risen by 13% over the last month but are down 3.6% since the start of 2022.

The post ‘Self-interested billionaires’: Fortescue share price climbed today despite union war of words appeared first on The Motley Fool Australia.

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More reading

• Guess which ASX All Ords share just inked a new deal with Fortescue
• How did the Fortescue share price respond last earnings season?
• Can the iron ore price regain its March highs in 2022?
• Still down in 2022, is the Fortescue share price now on the road to recovery?
• Are Fortescue shares a buy for income or are they a dividend trap?

Motley Fool contributor Tristan Harrison has positions in Fortescue Metals Group Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Opthea Limited (ASX: OPT) share price closed 9.35% lower on Monday after the company announced details of a new share issue.

Shares of the biopharmaceutical company finished the day at $1.26 each after opening at $1.39 this morning. They hit a low of $1.17 a share, a drop of almost 16%, just after midday.

Let’s take a closer look into the details of the financial arrangements that concerned investors today.

Opthea closes $128.57 million financing deal

The company announced it has raised $128.57 million (US$90 million) after issuing new fully paid ordinary shares to institutional investors.

Opthea announced two tranche placements for a total of 111.8 million new shares as part of a non-dilutive financing deal with global investment firm Carlyle and Abingworth, worth up to $239.43 million.

Shares were issued in collaboration with Carlyle and Abingworth’s development company Launch Therapeutics, a firm that helps biotech and biopharma companies with funding and development capital.

The new shares were issued for $1.15 a share, or a 12.6% discount to the 10-day volume-weighted average price of 10 August.

Tranche one of 52.8 million new shares is expected to settle on or about 24 August. Once Opthea receives funds from this first round of tranches, it will pay Carlyle and Abingworth $70 million.

The second tranche of 59 million shares will be issued after a general shareholder meeting scheduled for 26 September.

What did management say?

Opthea Managing Director and CEO Megan Baldwin said:

This well-supported placement has seen a high level of demand from existing and new institutional investors, including large global and US-based funds. These financings further validate our strategy to develop OPT-302 as a differentiated therapeutic with the potential to improve patient outcomes in retinal diseases including wet age-related macular degeneration.

The company says the funds raised will be used to progress phase three clinical trials of OPT 302, a fusion protein. They will also provide the company with additional working capital to undertake its research.

Opthea’s share repurchase plan for existing shareholders

Existing Opthea shareholders with a registered address in either Australia or New Zealand as at 12 August can also apply for up to $30,000 worth of new shares under the company’s share purchase plan (SPP). Shares will be sold at the placement price of $1.15 per share.

Full details will be released in the SPP offer booklet that will be available through the ASX.

Opthea share price snapshot

The Opthea share price is down 2.7% year to date although it’s gained more than 10% in a month.

By comparison, the S&P/ASX 200 Health Care Index (ASX: XHJ) is down almost 5% so far in 2022.

The company has a current market capitalisation of around $444 million.

The post Why did the Opthea share price dive 9% on Monday? appeared first on The Motley Fool Australia.

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More reading

• Why Beach, Bendigo and Adelaide Bank, Opthea, and Paradigm shares are sinking

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

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Earnings season truly kicked off among S&P/ASX 200 Index (ASX: XJO) shares today with many of the market’s favourites releasing results. The index ended the day 0.45% higher at 7,064.30 points.

If you missed out on any of the excitement today, never fear. There’ll be plenty more over the rest of the month.

The S&P/ASX 200 Real Estate Index (ASX: XRE) led the way on Monday, gaining 1.95%, itself led by GPT Group (ASX: GPT) following the company’s half-year earnings.

Meanwhile, the S&P/ASX 200 Energy Index (ASX: XEJ) recorded the biggest fall, slumping 0.8%. It was weighed down by the Beach Energy Ltd (ASX: BPT) share price after the company released its financial year 2022 earnings amid lower oil prices.

The Brent crude price fell by 1.5% to US$98.15 a barrel on Friday. It outperformed the US Nymex crude oil price, which dropped 2.4% to US$92.09 a barrel.

The S&P/ASX 200 Financials Index (ASX: XFJ) also underperformed today, dipping 0.2% amid – you guessed it – a notable constituent’s earnings. This time it was the Bendigo and Adelaide Bank Ltd (ASX: BEN) share price that slumped on the release of full year results while Zip Co Ltd (ASX: ZIP) stock also tugged at the index despite the company’s silence.

But it was a broadly productive day on the ASX 200. Nine of the index’s 11 sectors ended the day in the green.

But which ASX 200 share outperformed all others? Keep reading to find out.

Top 10 ASX 200 shares countdown

Monday’s best performing ASX 200 stock was none other than lithium developer Core Lithium Ltd (ASX: CXO). The stock took off on the back of an update on exploration activities.

Find out more about what Core Lithium has been up to here.

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

ASX-listed company	Share price	Price change
Core Lithium Ltd (ASX: CXO)	$1.615	9.86%
Champion Iron Ltd (ASX: CIA)	$5.32	6.4%
Lake Resources N.L. (ASX: LKE)	$1.46	5.8%
Carsales.com Ltd (ASX: CAR)	$22.90	5.77%
GPT Group (ASX: GPT)	$4.53	5.35%
Nanosonics Ltd (ASX: NAN)	$5.03	4.79%
Webjet Limited (ASX: WEB)	$5.34	4.5%
Liontown Resources Limited (ASX: LTR)	$1.775	4.41%
Sims Ltd (ASX: SGM)	$15.71	4.11%
Charter Hall Group (ASX: CHC)	$12.93	4.01%

Our top 10 ASX 200 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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More reading

• Why is the AMP share price having such a lousy start to the week?
• Why is the Lake Resources share price rebounding 5% on Monday?
• 3 ASX 200 shares having a super start to the week
• Here are the 3 most heavily traded ASX 200 shares on Monday
• Why BlueScope, Carsales, Core Lithium, and Nearmap shares are racing higher

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Nanosonics Limited and ZIPCOLTD FPO. The Motley Fool Australia has positions in and has recommended Bendigo and Adelaide Bank Limited and Nanosonics Limited. The Motley Fool Australia has recommended Webjet Ltd. and carsales.com Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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