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Today, the S&P/ASX 200 Index (ASX: XJO) was in a good mood as iron ore prices continued to recover. At the end of the session, the benchmark index finished 1.07% higher at 7,186.7 points.

Investors maintained their optimism throughout Tuesday’s performance. In turn, the majority of sectors across the index experienced a green rush. However, this wasn’t the case for tech shares, with the sector suffering a 1.4% fall. In contrast, the best performing sector was materials amid iron ore miners receiving a bump on stronger prices.

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, Magellan Financial Group Ltd (ASX: MFG) was the biggest gainer today. Shares in the funds management company rallied 7.24% despite Mogan Stanley retaining their underweight rating and $17.20 price target. Find out more about Magellan Financial Group here.

The next biggest gaining ASX share today was Flight Centre Travel Group Ltd (ASX: FLT). The travel management company gained 7.23% after CEO Graham Turner shared optimism towards the planned international border reopening. Uncover the latest Flight Centre Travel Group details here.

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

ASX-listed company	Share price	Price change
Magellan Financial Group Ltd (ASX: MFG)	$17.62	7.24%
Flight Centre Travel Group Ltd (ASX: FLT)	$20.31	7.23%
Suncorp Group Ltd (ASX: SUN)	$12.07	5.88%
Viva Energy Group Ltd (ASX: VEA)	$2.39	4.83%
Skycity Entertainment Group Ltd (ASX: SKC)	$2.86	4.76%
AVZ Minerals Ltd (ASX: AVZ)	$0.795	4.61%
Corporate Travel Management Ltd (ASX: CTD)	$23.03	4.59%
Macquarie Group Ltd (ASX: MQG)	$202.37	4.30%
Champion Iron Ltd (ASX: CIA)	$7.03	4.15%
The Star Entertainment Group Ltd (ASX: SGR)	$3.72	3.91%

Our top 10 ASX shares today countdown is a recurring end-of-day summary to ensure you know which companies were making big moves on the day. Check-in at Fool.com.au after the market has closed during weekdays to see which stocks make the countdown.

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

More reading

• Why are Sydney Airport (ASX:SYD) shares such hot property today?
• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• Leading brokers name 3 ASX shares to sell today
• ‘On the way back’: Flight Centre (ASX:FLT) share price takes off on border reopening
• Why Flight Centre, Macquarie, Super Retail, and Suncorp shares are racing higher

Motley Fool contributor Mitchell Lawler owns Macquarie 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 recommended Corporate Travel Management Limited, Flight Centre Travel Group Limited, and 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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Tuesday proved to be an excellent day to own these ASX energy shares. They each raised the roof on their 12-month performances.

Shares in Origin Energy Ltd (ASX: ORG), Woodside Petroleum Limited (ASX: WPL), and South32 Ltd (ASX: S32) broke through their respective ceilings to record their best prices in more than a year on Tuesday.

Shares in Origin recorded an intraday high of $6.13 – representing a 1.4% gain on its previous close.

Those of Woodside reached $27.19 – 1.6% higher on the day.

Finally, the South32 share price surged 3.1% in intraday trade to hit $4.28.

So, what pushed this motley crew of energy producers to hit new 12-month highs? Let’s take a look.

These ASX energy shares hit 52-week highs on Tuesday

The share prices of Origin, Woodside, and South32 raised the roof on Tuesday despite the companies’ collective silence.

Making their surge more interesting is the fact each of the 3 companies operates in vastly different spaces.

Origin works to provide electricity to Australia with exploration, production, and retail legs while Woodside produces oil and gas. Finally, South32 is a diversified metals and mining company with business in coal production.

So, what boosted the ASX energy shares consecutively higher? Well, it seems they were likely moving in reaction to energy commodity prices.

While Origin and Woodside operate in separate spheres, their businesses overlap when it comes to oil.

Both companies’ profits tend to keep in step with the price of the black liquid which has been hitting multi-year highs lately. That might have helped boost sentiment around their share prices today.

In fact, Origin recently announced the rising oil prices helped its Australia Pacific LNG venture record a 33% increase in profits over the December quarter.

At the time of writing, West Texas Intermediate oil is trading at US$91.15 a barrel, according to data from CNBC. Meanwhile, barrels of Brent crude oil are going for US$92.41 a pop.

It was likely a similar story – albeit, of a different commodity – for the South32 share price.

Yesterday, the Sydney Morning Herald reported the price of coal – a major income source for the ASX share – is taking off amid a global energy shortage.

Additionally, the price of aluminium – another of the company’s income sources – approached its 4 month high today, according to Reuters.

The post These 3 ASX energy shares just hit 52-week highs appeared first on The Motley Fool Australia.

More reading

• Why is the South32 (ASX:S32) share price surging to all-time highs today?
• Is the Woodside (ASX:WPL) share price a smart buy for dividends?
• 5 things to watch on the ASX 200 on Tuesday
• These ASX 200 shares can beat inflation: expert
• 5 things to watch on the ASX 200 on Monday

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

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If you’re looking for some new ASX 200 shares to buy, then you may want to check out the ones listed below.

These two ASX 200 shares are rated so highly by the team at Goldman Sachs, that its analysts have put them on the broker’s conviction list. They are as follows:

Lifestyle Communities Limited (ASX: LIC)

Goldman Sachs is a big fan of this retirement communities company. It believes Lifestyle Communities has a huge runway for growth over the long term.

The broker currently has a conviction buy rating and $24.25 price target on its shares. Based on the current Lifestyle Communities share price of $18.33, this suggests there is 32% upside for its shares over the next 12 months.

Goldman commented: “In our view the market is not capturing the long-term opportunity for this business to continue to grow its long-term annuity-style earnings with limited incremental capital. We believe the current share price is not pricing in the higher new home settlement potential of the group. 500-600 settlements (~2-3 communities) per year is very achievable with the company’s current resources land pipeline.”

News Corp (ASX: NWS)

Another ASX 200 share that makes Goldman Sachs’ conviction list is News Corp. Its analysts are confident that the media giant’s solid growth can continue over the next 18 months.

In light of this, the broker has put a conviction buy rating and $42.20 price target on its shares. Based on the current News Corp share price of $32.51, this implies potential upside of 30% for investors over the next 12 months.

Goldman commented: “With the business continuing to invest and grow its audience, we expect continued strong revenue growth in 2H22/FY23 (+8%/+10%) and increasingly grow earnings. Although some incremental News Media investment was flagged (particularly UK) and REA faces a tough 4Q listings comp, we still expect continued earnings momentum into the 2H (GSe +30% EBITDA growth).”

The post Goldman Sachs names 2 ASX 200 shares as conviction buys appeared first on The Motley Fool Australia.

More reading

• These were the best performing ASX 200 shares last week
• Why Carnaby Resources, News Corp, Piedmont Lithium, and PointsBet shares are pushing higher
• Read all about it: News Corp (ASX:NWS) share price leaps on record quarter
• ASX 200 (ASX:XJO) midday update: REA and News Corp impress, Boral plummets
• 4 reasons to buy these ASX media shares this month: UBS

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 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 Bendigo and Adelaide Bank Ltd (ASX: BEN) share price closed higher today, ending the day’s session up 1.91% at $9.05.

For perspective, Bank of Queensland Limited (ASX: BOQ) shares also finished in the green, up 1.38%, while Australia and New Zealand Banking Group Ltd (ASX: ANZ) climbed 1.47%. Westpac Banking Corp (ASX: WBC) rose 1.35%, National Australia Bank Ltd (ASX: NAB) elevated 0.58% and Commonwealth Bank of Australia (ASX: CBA) edged 0.32% higher.

Let’s take a look at what’s happening at the bank.

New finance invoice agreement

Bendigo and Adelaide Bank has signed an agreement with Melbourne-based fintech Timelio. Timelio has acquired a $50 million small business loan book from the bank, the Australian Financial Review reported today.

Existing customers of the bank will be shifted onto Timelio’s platform for invoice finance needs from March 1. However, Bendigo and Adelaide Bank will continue to provide all other banking services to the customers, a media release from Temelio stated.

Bendigo and Adelaide bank head of specialist solutions Brian Buckle said:

Timelio’s strong technical solution, expert industry knowledge and customer-focused culture make it an ideal partner for Bendigo and Adelaide Bank.

Our agreement is part of a strategic move that aligns with our commitment to simplify our business, reduces complexity and demonstrates our shared commitment with Timelio to ensure that our valued customers are well supported to achieve their financial goals.

Timelio founder and CEO Charlotte Petris added:

The agreement will double the size of our business to $100 million in funding and enables both Timelio and Bendigo and Adelaide Bank to leverage our respective strengths to enhance outcomes for customers.

In early February, Bendigo and Adelaide Bank announced its business bank and rural bank divisions would combine. A new role will be created in its executive team.

The bank will release its half-year financial results on Monday 14 February.

Bendigo Bank share price snapshot

The Bendigo Bank share price has slumped around 8% in the past 12 months, dropping 0.5% year to date. In the past month, the company’s shares have fallen 1.3% but they have climbed more than 5% in the past week.

In contrast, the S&P/ASX 200 Index (ASX: XJO) has returned 4.6% in the past year.

Bendigo Bank has a market capitalisation of roughly $5 billion based on the current share price.

The post ‘Ideal partner’: Bendigo Bank (ASX:BEN) share price lifts amid new fintech deal appeared first on The Motley Fool Australia.

More reading

• What’s boosting the Bendigo Bank (ASX:BEN) share price today?
• Can the Bendigo Bank (ASX:BEN) 8% dividend yield make up for its share price correction?
• What’s happening to ASX bank shares today?
• The Bendigo Bank (ASX:BEN) dividend is smashing the big four right now
• Could this impact the performance of ASX 200 banks more than interest rates in 2022?

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 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 Bruce Jackson.

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Why are Sydney Airport (ASX: SYD) shares such hot property today?

Well, you wouldn’t think it from a glance at the Sydney Airport share price. The company finished trading at $8.71 a share, up just 0.11%. It hasn’t swung too dramatically either. It opened at $8.71 a share this morning and went as high as $8.72 a share, and as low as $8.70 over the course of the trading day. Nothing one would write home about, you would think.

But looking at the S&P/ASX 200 Index (ASX: XJO) trading volume data so far today, we see something quite remarkable. As we covered earlier this afternoon, Sydney Airport is currently the most traded ASX 200 share on the market. And by a mile too.

Today, a whopping 69.75 million Sydney Airport shares have been traded on the markets. That’s more than triple the next company BHP Group Ltd (ASX: BHP) with just over 20 million shares traded.

As such, we can effectively call Sydney Airpot shares ‘hot property’ today.

So why might this company be experiencing such an elevated level of trading volume? Especially when its share price is so lethargic?

Why are Sydney Airport shares such hot property today?

Well, the answer might be a simple one. Tomorrow is officially Sydney Airport’s last day on the ASX boards. And that means it is the last day that most ASX investors can own this company’s shares. At the end of tomorrow’s trading day, Sydney Airport will be delisted from the ASX 200 Index and the ASX boards.

This follows the long process of a consortium known as the Sydney Aviation Alliance (SAA) taking over the Airport in its entirety. The SAA is made up of IFM Investors and a few other super funds, including AustralianSuper and QSuper.

Its bid to acquire Sydney Airport at a price of $8.75 a share has now received the green light from regulatory authorities and Sydney Airport shareholders (as of last week). As such, the deal is going full-steam ahead and will effectively conclude at the end of tomorrow’s trading day.

Sydney Airport has been listed on the ASX for 20 years, so this marks the ‘end of an era’ as it were. So the red-hot trading volumes we see this Tuesday are a likely consequence of investors making their final preparations for the shares to be taken off-market tomorrow.

At the current Sydney Airport share price, this company has a market capitalisation of $23.48 billion.

The post Why are Sydney Airport (ASX:SYD) shares such hot property today? appeared first on The Motley Fool Australia.

More reading

• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• Is the Woodside (ASX:WPL) share price a smart buy for dividends?
• ASX 200 (ASX:XJO) midday update: Macquarie and Suncorp impress
• This is how we’ll know the share market has bottomed
• 2 ASX shares at a golden buying opportunity right now

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

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The Wesfarmers Ltd (ASX: WES) share price was out of form again on Tuesday.

In late trade, the conglomerate’s shares are down 1% to $52.55.

This means the Wesfarmers share price is now down 11% since the start of the year and 22% from its 52-week high.

Is the Wesfarmers share price in the buy zone?

While the weakness in the Wesfarmers share price is disappointing for shareholders, it could be a buying opportunity for non-shareholders.

That’s the view of the team at Morgans, which recently upgraded the company’s shares to an add rating with an improved price target of $60.80.

Based on the current Wesfarmers share price, this implies potential upside of almost 16% over the next 12 months.

In addition, the broker is forecasting a fully franked $1.51 per share dividend in FY 2022. This represents a 2.9% yield, which lifts the total potential return to over 18.5%.

What is the broker saying?

Morgans sees a lot of value in the Wesfarmers share price following recent weakness.

At the time of its upgrade, the broker commented: “We continue to see WES as a high-quality company with its share price down 6% over the past month and 15% versus its peak of A$64.98 on 20 August 2021. While not cheap based on FY22 forecasts (30.3x PE and 2.7% yield), the stock looks more attractive on FY23 forecasts (26.7x PE and 3.1% yield). We expect the market will turn its focus to FY23 estimates over the coming months.”

“We see WES as a high-quality company with a healthy balance sheet and well-regarded management team. Despite short term challenges related to COVID, we think the recent pullback in the share price provides a good entry point for longer-term investors,” it added.

The post Is Wesfarmers (ASX:WES) share price in the buy zone after recent weakness? appeared first on The Motley Fool Australia.

More reading

• 2 fantastic ASX 200 shares to buy right now
• Could this be the biggest issue faced by ASX retail shares heading into earnings season?
• Do any ASX lithium shares pay dividends?
• Morgans names 4 more of the best ASX shares to buy in February
• The Wesfarmers (ASX:WES) share price is 20% off its all-time high. Is it a buy?

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 Wesfarmers 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 South32 Ltd (ASX: S32) share price rose to $4.28 earlier today, meaning the resources company has reached an all-time high.

If you don’t know, South32 works with a number of different commodities including alumina, aluminium, bauxite, metallurgical coal, lead, nickel, manganese, silver and zinc. It will soon have exposure to copper.

Every commodity behaves differently, however some of them have seen strong price action with increased demand and inflation over the past couple of years.

South32 recently said that it experienced record aluminium pricing the half-year to December 2021, while managing the impact of third-party port and freight congestion for its South African smelters.

Strong production

There are two main components to a resource company’s revenue – the price of the commodity and how much it produces. Therefore, production can have an important impact on profit and the South32 share price.

In the miner’s quarterly report to December 2021, it revealed increased production for several segments.

There was a 4% increase in quarterly alumina production, with record production at Brazil Alumina as it returned to normalised rates after the prior quarter’s bauxite unloader outage.

It revised the Cannington mine (one of the world’s largest producers of silver and lead) production guidance for FY22 to be higher by 5% with the operation on-track to transition to 100% truck haulage in the quarter for the three months to June 2022.

There was increased payable nickel production at Cerro Matoso by 26% with plant availability benefiting from the completion of the furnace refurbishment in FY21.

However, Australian manganese FY22 production guidance was lower by 9% due to COVID-19 and weather impacts, preventing the re-build of stockpiles ahead of the wet season.

Expansion plans

South32 has added copper exposure to the portfolio, announcing the acquisition of a 45% interest in the Sierra Gorda joint venture, which is expected to complete in the March 2022 quarter.

It has also finalised the zinc-lead-silver Taylor Deposit’s pre-feasibility study following the end of the period, confirming its potential to be the first development option at its Hermosa project.

Is the South32 share price a buy?

South32 is a highly rated ASX right now, with buy ratings from many of Australia’s brokers.

One of the most positive is Credit Suisse, with a price target of $5.30. That implies a rise of another 25% over the next year, if the broker is right.

On Credit Suisse’s numbers, the South32 share price is valued at 8x FY22’s estimated earnings with a projected grossed-up dividend yield of 7.25%.

The post Why is the South32 (ASX:S32) share price surging to all-time highs today? appeared first on The Motley Fool Australia.

More reading

• Morgans names the best ASX resources shares to buy in February
• Could South32 (ASX:S32) be set to downgrade its guidance when it reports this month?
• ASX 200 shares offer 12% upside after sell-off: JP Morgan
• These 3 ASX 200 shares are topping the volume charts on Thursday
• 5 things to watch on the ASX 200 on Tuesday

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 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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ASX lithium shares are in the spotlight as lithium looks to have upended toilet paper in a global ‘panic buying’ spree.

Demand for the metal, a crucial element in most electric vehicle (EV) batteries, is surging alongside the rapid growth in EVs.

With new supplies failing to meet the ramp-up in demand, lithium prices are rocketing as global battery manufacturers compete to secure enough inventory, piquing investor interest in ASX lithium shares.

Why isn’t more supply coming online?

As news.com reports:

Prices for lithium salts, lithium carbonate, and lithium hydroxide rose by between 400-500 per cent last year, and show no signs of slowing down as supplies struggle to keep up with demand.

Indeed, in the mid-term, Saxo Capital Markets Australian market strategist Jessica Amir expects lithium prices will increase by another 80% this year.

Those figures will come as welcome news to leading ASX lithium shares like Pilbara Minerals Ltd (ASX: PLS), Mineral Resources Limited (ASX: MIN), and Allkem Ltd (ASX: AKE).

But there are tailwinds at work here as well.

Restrictions put in place to mitigate the spread of COVID-19, including a largely closed Western Australia border, have brought about significant labour shortages for the mining industry.

With those concerns in mind, as the Motley Fool reported last week, Pilbara’s management cautioned “that it is reviewing its FY 2022 guidance for production of 400,000 to 450,000 dmt and shipments of 380,000 to 440,000 dmt.”

Guidance may well be revised downwards.

How have these ASX lithium shares been performing?

Amid the rocketing lithium prices, Allkem’s share price has soared 88% over the past 12 months.

Competing ASX lithium share Mineral Resources, meanwhile, is up 57% since this time last year.

And the Pilbara share price has rocketing an eye-popping 227%.

For comparison the S&P/ASX 200 Index (ASX: XJO) has gained 4% over that same time.

The post Forget toilet paper, now we’re ‘panic buying’ lithium! Here’s how ASX lithium shares are tracking appeared first on The Motley Fool Australia.

More reading

• 3 ASX 200 shares tipped to shine bright in 2022
• Own Mineral Resources (ASX:MIN) shares? Here’s what to watch when the miner reports tomorrow
• 2 excellent ASX growth shares analysts rate very highly
• Watch out! These 4 ASX shares have been tipped to disappoint during earnings season
• Do any ASX lithium shares pay dividends?

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

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The S&P/ASX 200 Index (ASX: XJO) is having a great day and is on course to record a strong gain. In late trade, the benchmark index is up 1% to 7,183.4 points.

Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are sinking:

Appen Ltd (ASX: APX)

The Appen share price is down a further 7% to $8.27. Investors have been selling off this artificial intelligence data services company’s shares this week amid concerns that demand could be falling for its offering. This follows Meta’s weak quarterly result and a recent announcement from the Facebook owner regarding advances it has made with data labelling algorithms.

Nanosonics Ltd (ASX: NAN)

The Nanosonics share price is down over 5% to $4.77. This follows news that the infection prevention specialist is revising its deal with GE Healthcare in North America from today before it terminates in June. The new sales model will see Nanosonics become responsible for all inventory, shipping, installations, and training of new customers. The changes are expected to impact its sales in the second half and lead to an increase in costs as its builds up its direct sales capabilities.

Nearmap Ltd (ASX: NEA)

The Nearmap share price is down 6.5% to $1.30. This appears to have been driven by a broker note out of Macquarie this morning. Its analysts have downgraded the aerial imagery technology and location data company’s shares to an underperform rating and slashed the price target on them to $1.30. It believes Nearmap will have to increase its costs to compete in the North American market.

Temple & Webster Group Ltd (ASX: TPW)

The Temple & Webster share price has continued its slump and is down a further 2% to $8.01. Investors have been selling this online furniture retailer’s shares ahead of its half year update tomorrow. They appear concerned that Temple & Webster could release a disappointing result. Particularly after Goldman Sachs tipped the company as one of four that could negatively surprise this month.

The post Why Appen, Nanosonics, Nearmap, and Temple & Webster are sinking appeared first on The Motley Fool Australia.

More reading

• Leading brokers name 3 ASX shares to sell today
• ASX 200 (ASX:XJO) midday update: Macquarie and Suncorp impress
• Why is the Nanosonics (ASX:NAN) share price crashing 16%?
• 2 ASX growth shares to buy this month: experts
• Why Appen, ANZ, Magellan, and REA shares are falling

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 Appen Ltd, Nanosonics Limited, Nearmap Ltd., and Temple & Webster Group Ltd. The Motley Fool Australia owns and has recommended Appen Ltd, Nanosonics Limited, and Nearmap Ltd. The Motley Fool Australia has recommended Temple & Webster Group Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The S&P/ASX 200 Index (ASX: XJO) has pushed higher this Tuesday in what might be a much-needed break for investors. At the time of writing, the ASX 200 has risen a healthy 1.09% and is currently sitting at 7,188 points.

But let’s dive a little deeper and have a look at the shares that are topping the ASX 200’s trading volume charts right now, according to investing.com.

The 3 most traded ASX 200 shares by volume so far today

Telstra Corporation Ltd (ASX: TLS)

ASX 200 telco Telstra is the first cab off the rank so far today. At the time of writing, a hefty 12.33 million Telstra shares have swapped hands this Tuesday. There has been no price-sensitive news or announcements out of Telstra today.

As such, we can probably put this volume down to the movements of the Telstra share price. This telco has enjoyed a healthy rise upwards in line with the broader market. Telstra shares are currently up a robust 1.49% at $4.09 each. This is probably why we see the company feature on this list today.

BHP Group Ltd (ASX: BHP)

BHP is next up this Tuesday. This ASX 200 mining giant has had a sizeable 18.21 million of its shares change owners at this point of the trading day. Again, there is no official news or announcements out of BHP so far. But the BHP share price has exploded higher today.

It’s currently up a very pleasing 3.6% at $49.10 a share, its highest share price since August last year. This, together with the ongoing machinations of BHP’s recently-completed unification, is probably what is behind this elevated volume we see.

Sydney Airport (ASX: SYD)

Our final and most traded ASX 200 share of the day thus far goes to Sydney Airport. This no-introduction-needed company has seen a whopping 15.31 million of its shares bought and sold this Tuesday. That’s despite the fact not too much is happening with the Sydney Airport share price thus far today.

The company is currently up 1 cent at $8.71 a share. So this volume is a likely byproduct of the upcoming delisting of this company from the ASX boards. Its last day of trading will be tomorrow before the Sydney Aviation Alliance takes full ownership. That’s probably why so many Sydney Airport shares are taking off today.

The post Here are the 3 most heavily traded ASX 200 shares on Tuesday appeared first on The Motley Fool Australia.

More reading

• Is the Woodside (ASX:WPL) share price a smart buy for dividends?
• Own BHP shares? Here’s what this quiet investigation uncovered
• ‘Exciting time’: Telstra (ASX:TLS) share price climbs amid $100 million IoT deal
• ASX 200 (ASX:XJO) midday update: Macquarie and Suncorp impress
• Is now the time to rid your ASX share portfolio of COVID losers?

Motley Fool contributor Sebastian Bowen owns Telstra Corporation Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns 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 Bruce Jackson.

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