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If you’re looking to boost your income with some dividend shares, then the two listed below could be worth considering.

Analysts have recently named these ASX 200 dividend giants as buys. Here’s what you need to know about them:

BHP Group Ltd (ASX: BHP)

The first ASX 200 dividend share that could be in the buy zone is BHP.

Thanks to its world class operations and favourable commodity prices, the Big Australian has been generating significant free cash flow again. And with this trend expected to continue, this could bode well for dividend payments in the coming years.

In fact, Goldman Sachs is forecasting fully franked dividends per share of US$3.50 in FY 2022 and then ~US$2.65 in FY 2023. Based on the current BHP share price of $42.76 and current exchange rates, this implies yields of 11.9% and 9%, respectively.

Goldman Sachs also sees plenty of value in the BHP share price at currently levels. Earlier this week the broker resumed coverage on its shares with a buy rating and $49.40 price target.

Telstra Corporation Ltd (ASX: TLS)

Another ASX 200 share that could be in the buy zone is this telco giant.

It could be a top option due to its attractive valuation, strong free cash flow generation, and improving outlook. In respect to the latter, Telstra’s new T25 strategy has been designed to underpin solid earnings growth in the coming years. This could bode well for dividend payments.

For now, the team at Morgans is forecasting fully franked dividends per share of 16 cents in FY 2022 and FY 2023. Based on the current Telstra share price of $3.89, this will mean yields of 4.1%.

Morgans also sees decent upside for Telstra’s shares. It has an add rating and $4.56 price target on its shares.

The post Here are 2 top ASX 200 dividend shares to buy right now according to experts appeared first on The Motley Fool Australia.

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More reading

• What are brokers saying about the Telstra share price?
• Which ASX 200 mining share offers the best dividend yield for FY22?
• Own BHP shares? Here’s how the ASX 200 miner plans to slash emissions
• Optus plea to ACCC doing little to these ASX 200 telco shares today
• Why the BHP share price looks poised for a short-term boost: expert

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 positions in and has recommended Telstra Corporation 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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The Australian share market is home to a number of companies growing at a strong rate.

Three that could be well-placed for growth are listed below. Here’s what you need to know about these ASX shares:

Allkem Ltd (ASX: AKE)

The first growth share to look at is lithium giant Allkem. It owns a collection of high-quality assets including Olaroz, Mt Cattlin, and the Sal de Vida brine project. Thanks to sky high lithium prices, Allkem has delivered significant sales growth in FY 2022. Pleasingly, this looks likely to continue in FY 2023 thanks to ongoing strength in prices, the end of older supply contracts at much lower prices, and increasing production.

Macquarie is bullish and has an outperform rating and $17.00 price target on its shares.

Domino’s Pizza Enterprises Ltd (ASX: DMP)

Another ASX growth share to look at is this pizza chain operator. Domino’s has been growing at a consistently solid rate for well over a decade. This is thanks to the popularity of its offering and the expansion of its footprint. And despite its store network reaching approximately 3,000 stores, management isn’t settling for that. It sees scope to more than double this over the next decade in existing markets.

Earlier this month, Citi retained its buy rating and $100.95 price target on the company’s shares.

IDP Education Ltd (ASX: IEL)

A final ASX growth share to look at is this provider of international student placement services and English language testing services. After a tough time during the pandemic, IDP has bounced back strongly in FY 2022. And pleasingly, the team at Goldman Sachs expect this trend to continue. Its analysts are forecasting a “68% 3yr EPS CAGR (FY21-FY24E).”

Goldman has a buy rating and $35.50 price target on the company’s shares.

The post 3 excellent ASX growth shares that analysts are excited about appeared first on The Motley Fool Australia.

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More reading

• After the sell-off, experts think these 2 lithium ASX stocks are great buys
• Analysts say these ASX growth shares have huge upside potential
• Here are the top 10 ASX shares today
• Leading brokers name 3 ASX shares to buy today
• Why these fundies say the Allkem share price is ‘absolutely a buy’

Motley Fool contributor James Mickleboro has positions in Allkem Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Idp Education Pty Ltd. The Motley Fool Australia has recommended Dominos Pizza Enterprises 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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The Silver Lake Resources Limited (ASX: SLR) share price plunged more than 8% today.

The company’s shares dropped 8.15% to trade at $1.24. For perspective, the S&P/ASX 200 Index (ASX: XJO) descended 0.94% today.

So what’s going on with the Silver Lake share price?

Why did the Silver Lake share price fall?

Silver Lake shares fell today, but it was not alone in the materials sector. The S&P/ASX 200 Materials Index (ASX: XMJ) descended 1.47% today on the ASX.

Despite the name, Silver Lake is a gold and copper producer intent on cash flow generation from two projects in Western Australia. These include the Deflector and Mount Monger projects.

The company’s share price appears to be falling amid falling gold and copper prices.

The Evolution Mining Ltd (ASX: EVN) share price descended 6.98% today, while the Northern Star Resources Ltd (ASX: NST) lost 5.64%.

Gold prices have descended to close to their lowest levels in two weeks, trading economics data shows.

The gold price is currently down 0.17% to US$1816.7 per ounce. The gold price is under pressure amid the high US dollar, IG reports.

Meanwhile, copper prices have also descended 1.25% to US$3.7245 per pound due to recession fears.

Silverlake produced 53,822 ounces of gold and 262 tonnes of copper in the March quarter. In the year to date, the company has achieved production of 182,778 ounces of gold and 756 tonnes of copper.

Silverlake share price snapshot

The Silverlake share price has fallen nearly 28% in the past year, while it has dived 30% year to date.

For perspective, the benchmark ASX 200 index has lost about 8% in a year.

Silverlake has a market capitalisation of about $1.16 billion based on the current share price.

The post What’s behind the 8% fall in the Silver Lake Resources share price? appeared first on The Motley Fool Australia.

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More reading

• Why Bega, Fortescue, Santos, and Silver Lake shares are tumbling lower
• ASX 200 midday update: PointsBet jumps, energy shares sink, Vicinity’s upgrade
• These were the best performing ASX 200 shares last week

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 Federal Court has ordered Origin Energy Ltd (ASX: ORG) and its related entities to pay $17 million for failing to comply with its obligation to protect customers experiencing hardship and payment difficulties.

Amid the news, Origin shares pushed away from selling pressure midway through Wednesday’s session to close flat at $5.93 apiece.

In broader market moves, the S&P/ASX 200 Energy Index (ASX: XEJ) finished 0.13% higher today while the S&P/ASX 200 Index (ASX: XJO) closed 0.94% lower.

Let’s take a look at the news surrounding the energy company today.

Origin penalised for customer hardship breaches

Origin faced legal proceedings brought by the Australian Energy Regulator (AER). It alleged Origin’s automation processes had breached its financial hardship obligations.

The AER took action after Energy Ombudsman schemes from numerous states brought the company’s conduct to the regulator’s attention.

Origin was found to have breached its own hardship policies and retail rules after a review of its automated processes used to handle such accounts.

Notably, Origin displayed a lack of consideration in understanding customers’ “capacity to pay” when making changes to their accounts and payment plans.

Origin admitted it had breached these obligations on more than 100,000 occasions over almost four years from January 2018 to October 2021, the court found.

More than 90,000 customers across New South Wales, the ACT, Queensland, and South Australia were affected, the court ruled.

The penalty is the largest ever imposed for breaches of National Energy Retail Law and Rules.

AER chair Clare Savage was satisfied with the decision and said it highlighted Origin’s misconduct.

She said that applying automated processes across thousands of customers without considering whether they could actually pay “shows a complete disregard of the hardship obligations in the national energy laws”.

Savage said:

This record $17 million penalty reflects the seriousness of the breaches by Origin and should send a strong deterrence message to all energy retailers that they must maintain and implement their hardship policies in accordance with the law, to protect customers experiencing financial distress.

Origin share price snapshot

In the last 12 months, the Origin share price has clipped a 28% gain, gaining 13% this year to date.

The company has a market capitalisation of around $10.2 billion.

The post Origin share price shrugs off record $17 million fine from Federal Court appeared first on The Motley Fool Australia.

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More reading

• Energy crisis: Which is the better buy, AGL vs Origin?
• In the dark: ASX energy shares facing a perfect storm
• Why Allkem, Origin, PointsBet, and Zip shares are sinking today
• ASX 200 midday update: NAB completes acquisition, lithium miners sink, Origin tumbles
• Why is the Origin share price tumbling 15% today?

Motley Fool contributor Zach Bristow has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. 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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Long-term shareholders of Rio Tinto Limited (ASX: RIO) and the other big ASX 200 mining shares would likely tell you it’s a rollercoaster ride. But a really fun one.

Mining is a good place for ASX investors to be because Australia is a resource-rich country. We dig a lot of minerals out of the ground and countries all over the world want to buy from us.

We’re home to three of the biggest miners on the planet — namely BHP Group Ltd (ASX: BHP), Rio Tinto Limited (ASX: RIO), and Fortescue Metals Group Limited (ASX: FMG). These are massive, well-established and globally-renowned companies that provide great sleep-at-night comfort for long-term ASX investors.

The rollercoaster effect comes from commodity prices, which rise and fall depending on global demand.

The higher the price for commodities, the higher the profits for our big ASX 200 miners — and their share prices tend to follow suit.

So, it’s no surprise that when we look at the history of the Rio Tinto share price, we see two major spikes above the $100 mark. One occurred in 2008 during a peak in China’s industrialisation, and the other is occurring right now.

What is the highest ever Rio Tinto share price?

Rio Tinto was founded in 1873 and was listed on the ASX in 1970. Over five decades, it has grown into one of the biggest companies on the ASX with a market capitalisation of $39.69 billion.

According to company data, the highest closing share price Rio Tinto has achieved is $134.40. That was on 4 August last year. The highest price ever traded during a session is $137.33 on 29 July last year.

No points for guessing why.

Commodity boom creates Rio Tinto share price high

Commodity prices have skyrocketed in recent times as major western countries invest in massive infrastructure projects to restart their economies after the pandemic.

Infrastructure requires steel, and to make steel you need iron ore. And we’ve got the biggest ore reserves in the world. According to S&P Global, Australia was the global leader in iron ore production in 2021.

Magnifying demand for commodities is the move towards decarbonisation. A big range of minerals is now in hot demand as many countries seek to build renewable energy projects and make electric vehicles.

What happened in 2008?

The other big share price spike in Rio Tinto’s history happened in 2008. The highest it traded for then was $129.35, according to company data.

Many people would argue that China’s industrialisation and insatiable demand for iron ore was the only thing that saved us from recession during the global financial crisis.

Rio Tinto share price snapshot

The Rio Tinto share price is down 16% over the past 12 months but up 6.5% year to date.

The Rio Tinto share price closed today’s session down 0.65% to $106.23.

The post What was the highest Rio Tinto share price ever recorded? appeared first on The Motley Fool Australia.

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More reading

• Which ASX 200 mining share offers the best dividend yield for FY22?
• Here’s the Rio Tinto dividend forecast through to 2024
• Guess which sector is delivering the biggest gain across the ASX 200 today
• Why are ASX 200 mining shares having such a dire week?
• ASX 200 midday update: Pilbara Minerals’ lithium price update, BHP tumbles

Motley Fool contributor Bronwyn Allen 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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It wasn’t too long ago that we were all hearing about the ‘neobank’ and how it was going to disrupt the entrenched power of the famous big four ASX banks. The ASX banks, some more than a century old, could not compete with the lithe, disruptive new banks, unburdened by the creaking infrastructure and shaky reputations of the old bank shares. Or at least that’s what we heard.

Well, today, that rosy vision is in tatters. Neobank 36 400 was bought out by National Australia Bank Ltd (ASX: NAB) last year. Fellow neobank Xinja collapsed a few months later. And today, we’ve got the news that its neobanking peer Volt has also hit the wall.

This morning, Volt posted a statement on its website. Here’s some of what it said:

Volt Bank Limited (Volt) is closing its deposit taking business and intends to return its banking licence. Customers need to withdraw their funds from their Volt bank accounts before the 5th of July 2022

Volt has made the difficult decision to close its deposit taking business and has commenced the process of returning all deposits to its account holders… It is recommended that all customers stop using their accounts immediately.

Bank shares rise amid Volt closing its (digital) doors

So Volt has sparked out. Shorted. So how did the ASX bank shares react today? Well, the S&P/ASX 200 Index (ASX: XJO) closed down 0.64% today. But shares of the big four did a little better. Commonwealth Bank of Australia (ASX: CBA) also ended up down 0.58% at $93.00 a share. But it was the only member of the big four to record a loss.

Australia and New Zealand Banking Group Ltd (ASX: ANZ) shares rose by 0.94% to $22.63. NAB closed up 1.01% at $28.07. And Westpac Banking Corp (ASX: WBC) shares lifted by 0.96% to  $19.94.

So it’s unclear whether the Volt news out this morning was alone responsible for saving the ASX 200 bank shares from the wider market’s falls today. But it is certainly likely to be a factor in the banks’ marked outperformance today. So Australia’s experiment with neobanks certainly seems to be at a low point. The major ASX banks aren’t called the big four for any old reason, it seems.

The post Volt gets packing as ASX 200 bank shares prove to be a formidable force appeared first on The Motley Fool Australia.

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More reading

• Own CBA shares? Here’s how the major bank’s bet on Klarna is holding up
• Here are the top 10 ASX shares today
• This is the latest ASX 200 sector to be hit by downgrades
• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• In the green: Why the NAB share price is rising on Wednesday

Motley Fool contributor Sebastian Bowen has positions in National Australia Bank 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 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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The Electro Optic Systems Holdings Ltd (ASX: EOS) share price came out of a trading halt to nosedive today.

Curiously, this followed the company’s successful institutional placement.

At market close, the defence contractor’s shares finished down 25.97% to a fresh multi-year low of $1.14.

What drove Electro Optic Systems shares lower?

The sinking of Electro Optic Systems shares appeared to be linked to investor concerns about the impending dilution of shares and the company’s latest trading update.

According to its announcement, Electro Optic Systems advised it has received binding commitments from new institutional investors to raise $15 million.

The placement will see around 12.5 million new ordinary shares created at an issue price of $1.20 apiece. This represents a 22.1% discount to Electro Optic Systems’ last closing price on 27 June.

Settlement of the shares is expected to occur on 4 July, with the share issue on or around the following day.

In addition, Electro Optic Systems announced a share purchase plan (SSP) to raise a further $2 million from eligible shareholders. The issue price is listed as the same offered in the placement.

The proceeds from both the placement and SPP will be used for working capital and near-term capital requirements of the business.

Furthermore, Electro Optic Systems revealed that its first-half revenue for FY22 has been impacted “beyond typical seasonal factors”.

The company said as well as delays with two contracts, the federal election in May had further impacted new projects.

While this is outside of management’s control, the company’s earnings before interest and tax (EBIT) is forecast to come in at a loss of roughly $45 million. About $15 million is related to the company’s space division, SpaceLink.

Nonetheless, Electro Optic Systems is predicting FY22 revenue will be equal to or exceed that of FY21.

As at 31 May 2022, the company had a cash balance of $26 million and outstanding debt of $35 million.

Electro Optic Systems share price snapshot

Over the past 12 months, Electro Optic Systems shares have continued to plummet by more than 70%.

Year to date, the company’s shares are down around 50%.

Electro Optic Systems commands a market capitalisation of roughly $175 million, with approximately 150.9 million shares on issue.

The post Here’s why the Electro Optic Systems share price collapsed 26% today appeared first on The Motley Fool Australia.

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More reading

• Why Carsales, EOS, Imugene, and Tyro shares are sinking today
• Why is the Electro Optic Systems share price frozen today?

Motley Fool contributor Aaron Teboneras has positions in Electro Optic Systems Holdings Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Electro Optic Systems Holdings Limited. The Motley Fool Australia has recommended Electro Optic Systems Holdings 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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Owners of Commonwealth Bank of Australia (ASX: CBA) shares may want to know how much of a gain the big four ASX bank has made on its investment in buy now, pay later business Klarna.

Klarna isn’t a listed business. But, on the ASX there are plenty of other buy now, pay later operators that have seen a significant sell-off. For example, in 2022, the Zip Co Ltd (ASX: ZIP) share price has sunk around 90%. The Sezzle Inc (ASX: SZL) share price has dropped 91%. Even the Block Inc (ASX: SQ2) share price has dropped 46%.

Has the Klarna valuation been spared from the savage decline amid interest rate rises, elevated inflation, increased competition and the prospect of more regulation?

The answer seems to be no, according to the latest capital raising.

Klarna valuation sinks

According to reporting by the Australian Financial Review, Wall Street Journal sources indicate that Klarna’s latest capital raising has been reduced to US$500 million. That’s down from US$1 billion.

The valuation indicated by capital raisings is often how private technology businesses are valued.

Klarna is reportedly looking to raise the US$500 million at a total valuation of US$15 billion. A year ago, Klarna raised money from SoftBank at a huge valuation of US$46 billion. The Wall Street Journal reported in May that Klarna wanted to do the latest capital raising at a valuation of US$30 billion.

CBA owns a 5% stake of the business, which it bought for a total of US$300 million. That means the big four ASX bank’s holding is worth US$750 million – it has more than doubled its money.

But, it does mean that the business’ valuation has fallen by approximately two thirds over the past 12 months.

The AFR reported that Klarna has cut its number of staff by 10%. But the fact that it can get new customers for merchants is a positive, according to the CBA boss Matt Comyn.

However, with the stake worth US$750 million, it’s small fry compared to the overall Commonwealth Bank of Australia market capitalisation of $160 billion. In other words, the Klarna stake is worth $1.1 billion in Australian dollar terms. That equates to about 0.7% of CBA’s market cap.

For now, the lion’s share of CBA’s profit and valuation comes from its massive residential loan book. Commercial lending, credit cards and so on also form part of the earnings.

CBA share price snapshot

Over the last month, CBA shares are down 12.8% amid the Reserve Bank of Australia (RBA) push to reduce the rate of inflation in Australia.

The post Own CBA shares? Here’s how the major bank’s bet on Klarna is holding up appeared first on The Motley Fool Australia.

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More reading

• CBA share price leads the big four as banks outperform ASX 200 on Monday
• Why did the CBA share price underperform the other ASX 200 banks today?
• Should you ‘buy the dip’ in ASX 200 bank shares?
• What’s the outlook for ASX 200 bank dividends?
• Worried about a US recession? Here’s what the ASX 200 banks are forecasting

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 positions in and has recommended Block, Inc. and ZIPCOLTD FPO. The Motley Fool Australia has positions in and has recommended Block, Inc. 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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If you’re looking for an easy way to invest in international shares, then exchange traded funds (ETFs) could be the answer.

But which ETFs should you look at? Listed below are three excellent ETFs that could be worth getting better acquainted with in July. Here’s what you need to know about them:

BetaShares Asia Technology Tigers ETF (ASX: ASIA)

The BetaShares Asia Technology Tigers ETF could be an ETF to buy in July. This fund provides investors with easy access to a number of the best tech shares in the Asian market. This means you’ll be owning a slice of well-known companies such as ecommerce giant Alibaba, search engine company Baidu, and WeChat owner Tencent.

In addition to those well-known giants, there are a number of companies included in the fund that are not as well-known to investors outside Asia. These include JD, Meituan Dianping, Netease, and Pinduoduo. And while regulatory issues in China and broad tech sector weakness have been weighing on these shares this year, this could have created a buying opportunity for long term focused investors.

BetaShares Global Cybersecurity ETF (ASX: HACK)

The BetaShares Global Cybersecurity ETF could be another ETF for investors to consider next month. This ETF gives investors exposure to the leading companies in the growing global cybersecurity sector. Given the increasing number of cyberattacks globally and how much infrastructure is now in the cloud, demand for cybersecurity services is expected to rise strongly in the future.

This bodes well for companies held in the fund. This includes Accenture, Cisco, Cloudflare, Crowdstrike, Okta, Palo Alto Networks, and Splunk.

VanEck Vectors Video Gaming and eSports ETF (ASX: ESPO)

The VanEck Vectors Video Gaming and eSports ETF could be another ETF to buy in July. It gives investors exposure to a portfolio of the largest companies involved in video game development, hardware, and esports. These companies could be well-placed to benefit from the increasing popularity of video games and eSports. Particularly given that there are now 2.7 billion active gamers globally.

Among the growing companies that investors will be owning a slice of are Activision Blizzard, AMD, Electronic Arts, Nintendo, Nvidia, Roblox, and Take-Two.

The post 3 excellent ETFs for ASX investors to buy in July appeared first on The Motley Fool Australia.

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• Can the ASX-listed HACK ETF provide exposure to shares fighting what Warren Buffett calls the ‘number one problem with mankind’?
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• Down 23% since mid-April, is the HACK ETF a golden opportunity?
• 2 popular ETFs for ASX investors to buy next week

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 BETA CYBER ETF UNITS. The Motley Fool Australia has positions in and has recommended BETA CYBER ETF UNITS. The Motley Fool Australia has recommended BetaShares Asia Technology Tigers ETF and VanEck Vectors ETF Trust – VanEck Vectors Video Gaming and eSports ETF. 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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S&P/ASX 200 Index (ASX: XJO) shares struggled on Wednesday as the index broke a four-session winning streak following suffering on Wall Street. The ASX 200 finished today’s session 0.94% lower at 6,700.20 points.

The S&P 500 fell 2.01% overnight while the Dow Jones Industrial Average slipped 1.56%. The Nasdaq Composite was hit hardest, falling 2.98%.

Likely in reaction, the S&P/ASX 200 Information Technology Index (ASX: XIJ) was one of the market’s worst performing sectors, only besting the S&P/ASX 200 Real Estate Index (ASX: XRE). They fell 2.6% and 3.3% respectively.

Meanwhile, news oil prices lifted more than 2% overnight likely helped bolster energy stocks. The S&P/ASX 200 Energy Index (ASX: XEJ) outperformed all its peers, gaining 0.5%. The S&P/ASX 200 Financials Index (ASX: XFJ) also ended in the green today.

Finally, the price of iron ore posted a 0.5% gain overnight to reach US$130.28 a tonne amid COVID-19 restrictions easing in China.  

After all that, the ASX shares that outperformed on Wednesday might come as a surprise. Let’s take a look.

Top 10 ASX shares countdown today

Of the 200 largest ASX shares by market capitalisation, Liontown Resources Limited (ASX: LTR) posted the biggest gain today.

The stock lifted on news the company will push forward with the Kathleen Valley lithium project following another major offtake agreement and a funding facility. Find out more about what’s been going on with Liontown here.

Star Entertainment Group Ltd (ASX: SGR) shares also made today’s top ten performers after the company announced that Robbie Cooke – Tyro Payments Ltd (ASX: TYR)’s current CEO – agreed to take on the top job at the casino operator. Check out the latest on Star here.

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

ASX-listed company	Share price	Price change
Liontown Resources Limited (ASX: LTR)	$1.125	5.63%
Skycity Entertainment Group Limited (ASX: SKC)	$2.85	3.52%
Star Entertainment Group Ltd (ASX: SGR)	$2.79	2.95%
New Hope Corporation Limited (ASX: NHC)	$3.65	2.82%
Aurizon Holdings Ltd (ASX: AZJ)	$3.885	2.78%
Metcash Limited (ASX: MTS)	$4.27	2.15%
Aristocrat Leisure Limited (ASX: ALL)	$35.19	2%
Viva Energy Group Ltd (ASX: VEA)	$2.935	1.91%
Whitehaven Coal Ltd (ASX: WHC)	$5.00	1.83%
Downer EDI Limited (ASX: DOW)	$5.21	1.76%

Data as at 3:59pm AEST

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.

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More reading

• This is the latest ASX 200 sector to be hit by downgrades
• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• Why Liontown, Metcash, Star, and Weebit Nano shares are charging higher
• In the green: Why the NAB share price is rising on Wednesday
• Here are 3 ASX financial shares going ex-dividend this week

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 Tyro Payments. The Motley Fool Australia has recommended Aurizon Holdings Limited and Tyro Payments. 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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