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The Betashares Global Cybersecurity ETF (ASX: HACK) is one of the well-liked exchange-traded funds (ETFs) on the ASX.

According to BetaShares, this ETF is around $770 million in size.

Part of its popularity has come from the returns the ETF has produced. Since its inception in August 2016, the HACK ETF has produced an average return per annum of 20.6%. Though, past performance is not a reliable indicator of future performance.

Expert rates the HACK ETF as a buy

Talking on a ‘buy hold sell’ Livewire video, Felicity Thomas from Shaw and Partners was asked to name an ETF that every investor should have in their portfolio. Her pick was Betashares Global Cybersecurity ETF. Here is the reasoning:

The reason I’ve chosen this is because cybercrime is meant to cost the world $10.5 trillion by 2025, which is huge. It also has amazing names in it like CrowdStrike. In a connected world where everyone is attached to their devices, it’s becoming the biggest problem that we’re all facing.

Betashares Global Cybersecurity ETF holdings

Thomas noted that there are some “amazing” names in the portfolio.

The fund holds around 40 positions in all. Crowdstrike is the heaviest of the portfolio with a 6.7% weighting.

But there are plenty of other businesses involved in the cybersecurity world including: Palo Alto Networks, Zscaler, Cisco Systems, Cloudflare, Splunk, Akamai Technologies, Booz Allen Hamilton, Mandiant, Leidos, Juniper Networks, Check Point Software, F5 Networks, Verisign, Cyberark Software, Fortinet, and more.

What is helping the earnings of the cybersecurity sector?

BetaShares says that with cybercrime on the rise, the demand for cybersecurity services is expected to grow strongly for the foreseeable future.

According to Statista, global cybersecurity revenue is projected to increase from US$137.63 billion in 2017 to US$248.26 billion in 2023.

Australian cybercrime presents just a microcosm of this growing problem. COVID-19 has led to more Australians relying on the internet to work remotely, to access services and information, and to communicate. The Australian Cyber Security Centre (ACSC) says this environment has generated more opportunities for malicious cyber actors to exploit vulnerable targets in Australia.

The ACSC says in FY21, it received over 67,500 cybercrime reports. That’s an increase of nearly 13% from the previous financial year. In its annual report, the ACSC said:

A higher proportion of cyber security incidents this financial year was categorised by the ACSC as ‘substantial’ in impact. This change is due in part to an increased reporting of attacks by cybercriminals on larger organisations and the observed impact of these attacks on the victims, including several cases of data theft and/or services rendered offline.

The increasing frequency of cybercriminal activity is compounded by the increased complexity and sophistication of their operations. The accessibility of cybercrime services – such as ransomware-as-a-service (RaaS) – via the dark web increasingly opens the market to a growing number of malicious actors without significant technical expertise and without significant financial investment.

Ransom demands by cybercriminals ranged from thousands to millions of dollars and the use of dark web tools and services improved their capabilities, according to the ACSC.

Fund details

Some readers may want to know about the geographic allocation of the businesses.

The US has an 84% allocation, with Israel (3.4%), India (3%), and South Korea (2.5%) being the next three according to weightings.

While most of the ETF is invested in American businesses, it doesn’t mean that’s where most of the earnings are generated. Many of the holdings generate revenue from numerous countries.

The Betashares Global Cybersecurity ETF has an annual management fee of 0.67%.

The post What the heck is so good about Cybersecurity ASX ETF, HACK? appeared first on The Motley Fool Australia.

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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 and has recommended BETA CYBER ETF UNITS. The Motley Fool Australia owns and has recommended BETA CYBER ETF UNITS. 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 National Australia Bank Ltd. (ASX: NAB) share price rocketed to a multi-year high of $33.29 yesterday.

This is a stark contrast to when its shares were trading at a multi-decade low in March 2020. The steep fall was brought on by the COVID-19 pandemic which investors feared a deep recession.

Nonetheless, NAB shares have zoomed upwards since, creating wealth for investors who bought and held on during the tumultuous period.

Below, we calculate how much you would have made if you’d bought $5,000 worth of NAB shares since the COVID-19 crash.

How much would you have if you’d invested $5,000 since the COVID-19 crash?

If you’d invested $5,000 into NAB shares on 23 March, you would have picked them up for approximately $13.195 apiece. This equates to about 378 shares without topping up along the way.

Looking at yesterday’s closing price, the NAB share price finished at $33.25. This means that those 378 shares would now be worth $12,568.50.

Not a bad effort — almost doubling your initial investment in what is arguably one of ASX’s most safe and reliable companies. 

When looking at percentage terms, this implies an average yearly return of a whopping 55.96%.

In comparison, investing the same amount in an ASX 200 index-tracking fund would have netted you $8,320.72.

What about the dividends?

Over the course of the last two years, NAB has made a total of 4 dividend payments from July 2020 to December 2021.

Adding up those 4 dividends payments gives us an amount of $1.87 per share. Calculating the number of shares owned by the total dividend payment gives us a figure of $706.86.

When putting both the initial investment gains and dividend distribution, an investor would have $13,275.36 worth of NAB shares.

NAB share price summary

Over the past 12 months, NAB shares have surged by 25% higher following positive investor sentiment in the banking industry. With the Reserve Bank of Australia looking to hike interest rates, this could lead to a stronger profit for NAB.

NAB has a price-to-earnings (P/E) ratio of 17.95 and commands a market capitalisation of roughly $107 billion.

The post If you’d invested $5,000 in NAB shares just after the COVID crash, here’s what you’d have now appeared first on The Motley Fool Australia.

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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 Ramsay Health Care Limited (ASX: RHC) share price could shoot higher on Wednesday morning.

This follows news that the private hospital operator has received a takeover approach.

Ramsay share price on watch amid takeover approach

The Ramsay Health Care share price will be on watch today after the company confirmed speculation that it has received a takeover approach.

According to the release, Ramsay Health Care has received a conditional, non-binding, indicative proposal from a consortium of investors led by KKR to acquire 100% of the company by way of a scheme of arrangement.

Under the indicative proposal, Ramsay Health Care shareholders would be entitled to receive $88.00 cash per share, less any ordinary or special dividends paid to shareholders. This includes the recently paid ordinary dividend of 48.5 cents per share.

The offer of $88.00 per share represents a premium of 36.7% to the latest Ramsay Health Care share price of $64.39.

In addition, the release explains that shareholders would have the option to receive part of the consideration in unlisted scrip in the consortium holding entity.

Finally, if the scheme of arrangement were implemented, Ramsay Health Care would be permitted to pay a fully franked special dividend to distribute all available franking credits to shareholders. As of 31 December, but prior to its most recent dividend, Ramsay’s franking account balance was $823 million.

What now?

The release reveals that having reviewed the proposal, the Ramsay Board of Directors has determined it appropriate to provide the KKR Consortium with due diligence on a non-exclusive basis. This is to explore whether it can put forward a binding proposal that is in the best interests of shareholders.

However, Ramsay Health Care notes that the indicative proposal is subject to a number of conditions.

These include the completion of satisfactory due diligence, no disposal of any of Ramsay’s subsidiaries or properties, final approval of the Consortium’s investment committee, entry into a scheme implementation deed on customary terms and conditions, regulatory approvals, and shareholder approval.

Furthermore, the release highlights that the KKR wanted the indicative proposal to be confidential and reserved the right to withdraw it in the event it ceased to be confidential. As this has now occurred, it is able to back out without consequence.

The Ramsay Health Care Board will continue to keep the market informed in accordance with its continuous disclosure obligations.

The post Ramsay Health Care share price on watch amid $14.8bn takeover offer appeared first on The Motley Fool Australia.

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• Ramsay (ASX:RHC) share price pushes higher on US$1.35bn proposal for Asian JV

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 Ramsay Health Care 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 team at Goldman Sachs has been busy looking through the tech sector for new shares to recommend.

Two that it has found worthy of the coveted “buy rating” are listed below.

Goldman notes that these companies have nascent but growing offshore businesses, which it believes present substantial potential long-term upside if they can succeed in executing their respective domestic playbooks to achieve dominance in new markets.

Readytech Holdings Ltd (ASX: RDY)

Goldman is very positive on this provider of mission-critical software-as-a-service to the education, workforce management, government, and justice sectors. Its analysts have initiated coverage on its shares with a buy rating and $5.00 price target.

The broker explained that its bullish view is predicated on:

“The market has given RDY little credit for its improving organic growth rate since listing (~10% in 2H20 to ~17% 1H22) while the company has maintained solid margins. We think RDY will continue to grow organically at a mid-teens growth rate, with upside from assumed continuation of bolt-on M&A. RDY’s software metrics and unit profitability are strong (low churn ~3%, high LTV/CAC), suggesting scope for RDY to improve margins towards scaled peers over time (~22% FY22E on a fully-expensed basis vs ~32% peers).

In addition, Goldman highlights that the Readytech share price trades at a huge discount to its peers despite its organic growth. It explained:

RDY trades at a deeply discounted valuation vs peers (we estimate a >50% discount on a FY23E EV/EBITDA growth-adjusted basis) which we think can narrow on continued demonstration of its organic growth credentials. We see possible long-term upside from continued growth in the UK, and possible expansion into the US and Canada (we think most likely led by its Student Management and Work Pathways software).”

TechnologyOne Ltd (ASX: TNE)

Another tech share that Goldman Sachs is bullish on is enterprise software company TechnologyOne. The broker has initiated coverage on its shares with a buy rating and $13.90 price target. It commented:

“In our view, TNE is well-placed to meet its A$500mn FY26 ARR [annualised recurring revenue] target and we are more constructive than consensus and the market (as implied by TNE’s current share price). SaaS flip uplift, elevated inflation (via contractual CPI pass-through) and underlying business growth underpin our A$505mn FY26 ARR estimate, and we think risks are skewed to the upside with our estimates assuming modest organic growth ex-flip (~10%).”

As well as achieving its ARR targets, the broker expects TechnologyOne’s margins to increase beyond historical levels.

“In addition, we think TNE can deliver on its ARR target while expanding profit margins, delivering profit-before-tax growth at the upper end or above its 10-15% historical range. We sit 1-6% above FY22-24 Visible Alpha (VA) consensus EPS and highlight that TNE is trading at a similar multiple to the peak of the last Fed hiking cycle (22x NTM EV/EBITDA vs 20x Oct-18) despite a significantly improved NTM growth outlook (17% now vs 9% Oct-18) and recurring revenue base (SaaS ARR >80% total ARR today vs <50% Oct-18).

Finally, Goldman sees a lot of potential for TechnologyOne in the UK market, which it estimates to be at least three times larger than the ANZ market. It said:

Long-term upside can come from TNE’s growing UK business, which after a slow start appears to have taken a positive turn recently – important for TNE’s long-term growth runway and a possible source of meaningful upside to our medium-term estimates in a >3x larger TAM vs ANZ.”

The post Goldman Sachs has just slapped buy ratings on these ASX tech shares appeared first on The Motley Fool Australia.

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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 and has recommended Readytech Holdings Ltd. The Motley Fool Australia has recommended Readytech Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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If you think back to 2019, life was much simpler.

It was only three years ago, but no one outside of the medical profession had heard of the abbreviation COVID and inflation was non-existent. 

And if you look over investment articles such as this published back in 2019, there are some names often repeated.

But many of those former darlings have since endured a brutal period after the pandemic arrived, and have not really recovered since.

One expert, though, reckons it’s time to revisit two of those fallen stars:

Forget China, there is growth elsewhere

Investors in Kiwi company A2 Milk Company Ltd (ASX: A2M) have long been waiting for a turnaround.

After gaining a stunning 3,400% in the first five years after its 2015 listing, the shares have lost a sorry 77% since July 2020.

“This infant formula company has been facing supply chain issues and margin pressure from increasing competition, resulting in a major valuation decline in recent years,” Catapult Wealth financial adviser Tim Haselum told The Bull.

But he reckons it’s now time to buy the dairy producer.

“Even without strong growth in China, A2 Milk is expanding in New Zealand and the US,” said Haselum.

“Also, new markets in Malaysia, Singapore and Vietnam could lead to a recovery in 2023 and beyond.”

It could also have some unexpected tricks up its sleeve.

“With a strong net cash position, A2 Milk has plenty of firepower for mergers and acquisitions.”

The wider finance community is torn on the stock. According to CMC Markets, four of 15 analysts rate it as a buy while three are advising clients to sell, with the rest neutral.

50% profit growth? Yes, please

Technology shares have suffered both in Australia and the US, and Pro Medicus Limited (ASX: PME) is no exception.

The share price for the medical software maker has dipped more than 23% for the year so far.

Despite this, the price-to-earnings (P/E) ratio remains at an astronomical 133, according to Google Finance.

This would not stop Haselum from buying it right now.

“This medical imaging software provider is aggressively expanding overseas, particularly in the US, which accounts for about 70% of revenue.”

He especially loved the latest results, which were up significantly from the previous year.

“The company announced a first-half 2022 net profit of $20.68 million, up 52.7% on the prior corresponding period,” said Haselum.

“Given new contract wins and renewals, we believe Pro Medicus can justify its relatively high price/earnings ratio.”

The analyst community has more conviction on Pro Medicus compared to A2 Milk. Six out of eight analysts surveyed by CMC Markets currently rate the tech company as a “strong buy”.

The post It’s time to buy these 2 fallen ASX shares again: expert appeared first on The Motley Fool Australia.

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Motley Fool contributor Tony Yoo owns A2 Milk. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Pro Medicus Ltd. The Motley Fool Australia owns and has recommended Pro Medicus Ltd. The Motley Fool Australia has recommended A2 Milk. 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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Are you looking for dividend shares to add to your income portfolio? If you are, then the two listed below could be worth considering.

These dividend shares have been rated as buys and tipped to provide income investors with attractive yields. Here’s what you need to know about them:

Centuria Industrial REIT (ASX: CIP)

The first ASX dividend share to look at is Centuria Industrial. It is a property company focused on building a portfolio of high quality industrial assets that deliver income and capital growth to investors.

Centuria Industrial has been performing very positively in recent years and has continued this trend in FY 2022. It recently revealed robust nationwide demand for industrial space, particularly from ecommerce-related tenant customers, which has underpinned strong rental growth year to date in FY 2022.

Macquarie expects this to underpin an 17.3 cents per share dividend in FY 2022 and then 17.8 cents per share in FY 2023. Based on the current Centuria Industrial REIT share price of $3.91, this will mean yields of 4.4% and 4.55%, respectively.

The broker has an outperform rating and $4.27 price target on the company’s shares.

Coles Group Ltd (ASX: COL)

Another ASX dividend share for investors to consider is retail giant, Coles.

It is one of the big two supermarket chains with over 800 supermarkets across the country. This strong network, its defensive qualities, and rational competition has analysts forecasting growing dividends in the coming years. Especially in the current inflationary environment.

For example, analysts at Morgans are forecasting fully franked dividends of 61 cents per share in FY 2022 and then 63 cents per share in FY 2023. Based on the current Coles share price of $18.34, this will mean yields of 3.3% and 3.4% respectively.

Morgans has a buy rating and $19.70 price target on its shares.

The post Analysts name 2 ASX dividend shares to buy now appeared first on The Motley Fool Australia.

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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. has no position in any of the stocks mentioned. The Motley Fool Australia owns and has recommended COLESGROUP DEF SET. The Motley Fool Australia 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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On Tuesday, the S&P/ASX 200 Index (ASX: XJO) was on form and charged higher. The benchmark index rose 0.55% to 7,565.2 points.

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

ASX 200 expected to storm higher

The Australian share market looks set to have a great day on Wednesday following a strong night in the US. According to the latest SPI futures, the ASX 200 is expected to open the day 46 points or 0.6% higher this morning. On Wall Street, the Dow Jones rose 1.3%, the S&P 500 climbed 1.5%, and the Nasdaq stormed 2.05%.

Oil prices sink

Energy producers such as Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have a difficult day after oil prices sank. According to Bloomberg, the WTI crude oil price is down 5.2% to US$102.52 a barrel and the Brent crude oil price has fallen 5.1% to US$107.40 a barrel. Traders were selling oil after the IMF slashed its global growth forecast.

Ramsay Health Care $20 billion takeover speculation

The Ramsay Health Care Limited (ASX: RHC) share price could be one to watch today amid rumours the private hospital operator has received a takeover approach. Goldman Sachs notes that “RHC has received an indicative, non-binding offer from KKR, valuing the company at >$20bn.” This compares to its $12 billion market cap and $15 billion enterprise value.

Gold price tumbles

Gold miners Evolution Mining Ltd (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) could come under pressure today after the gold price tumbled overnight. According to CNBC, the spot gold price is down 1.9% to US$1,948.8 an ounce. A strengthening US dollar weighed heavily on the precious metal.

Life360 remains a buy

The Life360 Inc (ASX: 360) share price could almost double according to analysts at Bell Potter. This morning the broker retained its buy rating and $10.00 price target on the location technology company’s shares. Ahead of its first quarter update, the broker said: “We expect another quarter of at least 50% y-o-y growth in AMR despite Q1 traditionally not being a strong quarter.”

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

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Motley Fool contributor James Mickleboro owns Life360, Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Life360, Inc. The Motley Fool Australia has recommended Ramsay Health Care 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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While the general S&P/ASX 200 Index (ASX: XJO) has moved upwards confidently over March and April, just a couple of sectors are driving the recovery.

While finance and mining, dominated by large caps, have made hay over the past few weeks, it’s still a volatile and uncertain time for small-cap ASX shares.

So it’s worth being selective about smaller businesses before buying into them.

Cyan Investment Management portfolio manager Dean Fergie recently presented three ASX shares he’s holding that are going gangbusters right now:

Australians have higher expectations about deliveries now

Delivery services platform Zoom2u Technologies Ltd (ASX: Z2U) gained a tidy 24% over March, and Fergie expects more growth to come.

“The delivery marketplace is well overdue to be disrupted with the incumbent, Australia Post, not being able to offer competitive delivery times, nor services such as driver tracking (due to union rules),” he said in a memo to clients.

“Zoom2U is well established in this market with a proven commercial driver network and user deployed tracking software. And we expect the news-flow and positive financial results to continue for this exciting business.”

Like most tech stocks, Zoom2u has suffered a correction in recent months, dipping more than 29% for the year so far.

For Fergie, the company can take advantage of a recent cultural shift in Australia.

“We believe there is a step-change in customer expectations of delivery times, with the likes of Amazon.com Inc (NASDAQ: AMZN) and the food delivery platforms offering next day, same day or one-hour delivery windows.”

A massive contract with Jetstar

Quickstep Holdings Limited (ASX: QHL) is an unusual business that not many investors may have heard of.

But Fergie has held this ASX share for a long time and feels like its time has come after the share price rocketed up 17% last month.

“Quickstep manufacturers composite parts for the F35 fighter jet and C130 bomber, provides commercial aerospace maintenance services, and produces high-end composite products for drone manufacturers.”

The Cyan team recently visited Quickstep’s Melbourne facilities in person and was told of “significant tailwinds” in all three of its business units.

“Indeed, post the end of March, Quickstep has announced a milestone three-year $30 to $35 million maintenance contract with Jetstar,” said Fergie.

“We view this as both financially and strategically significant as Quickstep has dislodged offshore incumbents to bring the maintenance work to Australia.”

Cheers to this ASX small-cap

The Mighty Craft Ltd (ASX: MCL) share price remained flat during March, but Fergie feels like it made the “most significant” announcement out of all his holdings.

“On the 30th March, it upgraded its medium-term ambitions for beer production from 12 million to 25 million litres,” he said.

“Mighty Craft is having some phenomenal success with its Better Beer brand which is expected to sell four million litres in FY22 despite only launching in November 2021.”

As a brewing and distillation company, Mighty Craft is a natural beneficiary of the post-pandemic life as customers flood back into pubs and clubs.

But even considering that, Fergie reckons the business is outperforming.

“It is enjoying an outstanding recovery from the challenges of COVID,” he said.

“We currently see a real disconnect between the current share price and true value of the Mighty Craft group of assets and brands, and expect [a] material re-rate when market conditions improve for emerging companies.”

The post Beers and planes: 3 ASX shares killing it right now appeared first on The Motley Fool Australia.

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• Shopify, Alphabet, Amazon, and Tesla stocks are splitting — which ones are the best buys?
• Is Amazon stock a buy this month?
• Why Amazon stock slipped on Monday

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Motley Fool contributor Tony Yoo owns Amazon. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Amazon. The Motley Fool Australia has recommended Amazon. 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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If you’re looking for an easy way to diversify your portfolio, 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 considering this month. Here’s what you need to know about them:

BetaShares Crypto Innovators ETF (ASX: CRYP)

The first ETF to look at is the BetaShares Crypto Innovators ETF. BetaShares highlights that this high risk ETF provides investors with “picks and shovels” exposure to the companies that are building the crypto economy. These are mining equipment providers, crypto trading venues, and other key service providers. At present, the ETF is invested in almost 40 crypto leaders such as Coinbase, Riot Blockchain, and Microstrategy. It also owns shares with indirect exposure such as Block/Square, PayPal, and Robinhood.

VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)

Another ETF for investors to look at is the VanEck Vectors Morningstar Wide Moat ETF. This ETF provides investors with an easy way to invest in the type of companies that Warren Buffett buys. The ETF currently contains ~50 attractively priced companies with sustainable competitive advantages or moats. These include the likes of Alphabet (Google), Altria, Boeing, Coca Cola, Meta (Facebook), Kellogg Co, and Walt Disney.

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

A final ETF for ASX investors to look at is the VanEck Vectors Video Gaming and eSports ETF. This ETF gives investors easy access to a global video game market estimated to comprise 2.7 billion active gamers. Among the companies included in the fund are AMD, Electronic Arts, Nintendo, Nvidia, Roblox, and Take-Two. VanEck notes that these companies are well-placed to benefit from the increasing popularity of video games and eSports.

The post 3 of the best ETFs for ASX investors to buy this month appeared first on The Motley Fool Australia.

More reading

• Here are 2 excellent ASX tech ETFs to buy
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• Are these 2 leading ETFs good buys in April 2022?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Betashares Crypto Innovators ETF. The Motley Fool Australia has recommended VanEck Vectors ETF Trust – VanEck Vectors Video Gaming and eSports ETF and VanEck Vectors Morningstar Wide Moat ETF. 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) notched up its third consecutive green day in a fine start to the week. At the end of the session, the benchmark index finished 0.56% higher at 7,565.2 points.

While a few sectors took a backseat today, energy and materials bolstered the Aussie equity market. On the back of higher oil prices overnight, the big oil and gas names of the ASX injected optimism into the local market. Disappointingly, healthcare and tech shares were the furthest behind the pack today.

However, the question is: which shares delivered the biggest returns to investors on the ASX today? Here are the top ten stocks that came through for investors:

Top 10 ASX shares countdown today

Looking at the top 200 listed companies, Lake Resources N.L. (ASX: LKE) was the biggest gainer today. Shares in the lithium developer surged 13.93% in absence of any announcements from the company. However, optimism among lithium shares appeared to be rife today amid ARK Invest’s latest bullish take on electric vehicle maker, Tesla Inc (NASDAQ: TSLA). Find out more about Lake Resources here.

Another lithium producer experiencing heightened excitement today was Core Lithium Ltd (ASX: CXO). The company’s shares climbed 9.09% also without the accompaniment of an ASX announcement. Uncover the latest Core Lithium details here.

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

ASX-listed company	Share price	Price change
Lake Resources N.L. (ASX: LKE)	$2.29	13.93%
Core Lithium Ltd (ASX: CXO)	$1.50	9.09%
Cleanaway Waste Management Ltd (ASX: CWY)	$3.24	5.88%
APM Human Services International Ltd (ASX: APM)	$3.40	4.29%
Beach Energy Ltd (ASX: BPT)	$1.665	4.06%
Incitec Pivot Ltd (ASX: IPL)	$4.15	3.75%
Oz Minerals Ltd (ASX: OZL)	$27.73	3.32%
QBE Insurance Group Ltd (ASX: QBE)	$12.26	3.11%
Bendigo and Adelaide Bank Ltd (ASX: BEN)	$10.54	2.83%
Computershare Ltd (ASX: CPU)	$25.75	2.75%

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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Motley Fool contributor Mitchell Lawler owns Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Tesla. The Motley Fool Australia owns and has recommended Bendigo and Adelaide Bank 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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