Tag: Motley Fool

Have you checked the returns on your cash holdings lately?

If so, you’re likely not jumping for joy.

It’s no secret that interest rates have plunged to all-time lows over the past few years. A trend exacerbated by the onset of the global pandemic which saw the Reserve Bank of Australia (RBA) slash the official cash rate to an unprecedented 0.15%.

That’s right about in the range of what you can expect from a term deposit, by the way. With shorter-term cash holdings yielding an even more meagre 0.05%.

Those yields were minimal even when inflation was virtually absent. But with consumer prices now rising quickly across the globe, the real (inflation adjusted) returns from cash deposits are well into the negative.

Which brings us to…

Interest paying crypto accounts “a paradigm shift”

Darren Abrams is the chief investment officer of digital currency provider Aus Merchant Investments.

Asked about interest paying crypto accounts, Abrams told the Motley fool, “Yield bearing accounts are a paradigm shift from traditional banking. I believe that this will be the ‘killer app’ that bridges DeFi [decentralised finance] and mainstream bank users.”

Investors should take care to note that these types of yield bearing crypto accounts don’t come with the Aussie government’s deposit guarantee, as is the case with authorised deposit-taking institutions.

However, with inflation heating up and looking far less transitory than central bankers had hoped only a few months ago, Abrams says:

Applications such as Anchor Protocol (CRYPTO: ANC) offer a 19.5% yield on a USD pegged stablecoin. Compared to the average savings account that pays 0.05% interest, the impetus to utilise this functionality is immense and increasing exponentially as inflation erodes the purchasing power of fiat savings.

Digital assets still trade like risk assets

Having touted the potential game changing nature of interest paying crypto accounts, Abrams cautions that, “Currently, the whole digital asset market trades very much like traditional risk assets.”

But he sees that changing for select cryptos over time:

Digital assets have evolved. As such they have a broad array of benefits and negative attributes. Bitcoin (CRYPTO: BTC) – and some other deflationary coins – are essentially the digital versions of hard money and therefore will eventually act as haven assets. Smart contract platforms that facilitate the financialization of the crypto economy are more akin to traditional risk assets.

What about meme crypto assets like Shiba Inu (CRYPTO: SHIB)?

You won’t find Abrams lining up to snap up the next ‘hot’ meme crypto, like Shiba Inu. “As an investor, I see no inherent value in meme coins,” he told us.

“However, I understand the power of a sense of belonging, which was clear during the GameStop Corp (NYSE: GME) saga,” he added. “Therefore, I believe these meme coins are here to stay. However, I would never advise investing in any of them. If you’re unsure, do some further research or seek professional advice before investing.”

The post How interest paying crypto accounts could be a gamechanger appeared first on The Motley Fool Australia.

More reading

• Better crypto to own in 2022: Dogecoin or Shiba Inu?
• Why is the BetaShares Crypto Innovators ETF (ASX: CRYP) share price leaping higher today?
• Why the Bitcoin price was bouncing back today
• Australia’s first physical crypto gift cards are now on sale for Christmas
• Meme coin selling: Why Shiba Inu, Dogecoin, and The Sandbox are down

The Motley Fool Australia’s parent company The Motley Fool Holdings Inc. owns and recommends Bitcoin. 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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Today, the S&P/ASX 200 Index (ASX: XJO) cemented its second-highest level on record as it kicked off the New Year with a bang. At the end of the session, the benchmark index finished 1.95% higher at 7,589.8 points.

ASX investors were treated to a rewarding first day of trade for 2022. Every sector across the Aussie market finished firmly in the green. Leading the charge were energy shares after oil prices strengthened overnight. Similarly, consumer discretionary companies in the travel space surged today. While still delivering green, industrials were the poorest of the bunch.

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, Novonix Ltd (ASX: NVX) was the biggest gainer today. Shares in the battery materials company jumped 14.47% as investors rallied around companies involved in the electrification industry. Find out more about Novonix here.

The next biggest gaining ASX share today was Pilbara Minerals Ltd (ASX: PLS). The lithium producer flew 10.00% higher with no new announcements out. Positive sentiment around the electric industry was swirling in the ASX market today after Tesla Inc (NASDAQ: TSLA) reported recorded electric vehicle deliveries on the weekend. Uncover the latest Pilbara Minerals details here.

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

ASX-listed company	Share price	Price change
Novonix Ltd (ASX: NVX)	$10.52	14.47%
Pilbara Minerals Ltd (ASX: PLS)	$3.52	10.00%
Lynas Rare Earths Ltd (ASX: LYC)	$11.03	8.46%
Allkem Ltd (ASX: AKE)	$11.20	7.69%
Yancoal Australia Ltd (ASX: YAL)	$2.80	7.69%
Clinuvel Pharmaceuticals Ltd (ASX: CUV)	$28.93	6.32%
Imugene Ltd (ASX: IMU)	$0.425	6.25%
Whitehaven Coal Ltd (ASX: WHC)	$2.76	5.75%
Flight Centre Travel Group Ltd (ASX: FLT)	$18.62	5.68%
Liontown Resources Ltd (ASX: LTR)	$1.745	5.12%

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

• Own VAS shares? Here’s how this ETF performed in 2021
• These 3 ASX 200 shares are topping the volume charts this Tuesday
• Here’s why the CBA share price had such a good run in December
• New year’s resolution: Why are ASX lithium shares having such a stellar day?
• Why Brainchip, Pilbara Minerals, Straker, and Whitehaven Coal shares are pushing higher

Motley Fool contributor Mitchell Lawler owns Lynas Corporation Limited and Tesla. 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 Flight Centre Travel Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The GreenTech Metals Ltd (ASX: GRE) share price hit the ASX boards in style on Tuesday following the completion of its IPO.

The Western Australia-based battery materials explorer’s shares were up as much as 50% to 30 cents in afternoon trade.

The GreenTech Metals share price ultimately ended the day 37.5% above its listing price at 27.5 cents.

The GreenTech Metals now trading on the ASX after IPO

GreenTech Metals landed on the ASX boards this morning after raising $5 million at an IPO listing price of 20 cents per new share.

It is an exploration and development company focused on the discovery, development and acquisition of projects in Australia and overseas that contain metals and minerals used in the battery storage and electric vehicle sector.

These assets include the Whundo Project that was acquired from Artemis Resources Ltd (ASX: ARV), which is a major shareholder in the company. The Whundo Project is located approximately 40 km south-southwest of Karratha in the West Pilbara Region of Western Australia and is approximately 12.5 km southeast of the Radio Hill nickel plant.

Commenting on the IPO, Artemis’ Executive Director, Alastair Clayton, said: “We are pleased to see GreenTech list on the ASX following their successful IPO raising, which was led by CPS Capital and strongly oversubscribed. With GreenTech expected to commence drilling at Whundo within the coming weeks, we see strong news flow across the portfolio in the short-term and throughout the year.”

“With drill programmes due to re-commence at Paterson Central and Greater Carlow soon Artemis has a very busy schedule for 2022. We are delighted to see the GreenTech team already driving exploration hard and we retain considerable exposure to the success of GreenTech, both as the company’s largest shareholder and as a joint-venture partner,” he added.

The post GreenTech Metals (ASX:GRE) share price jumps 50% after IPO appeared first on The Motley Fool Australia.

More reading

• Here’s why the Incannex (ASX:IHL) share price spiked 12% today
• Own VAS shares? Here’s how this ETF performed in 2021
• Expert names 10 themes that could impact share investments in 2022
• Here’s why the ANZ (ASX:ANZ) share price had such a great run in 2021
• 2 ASX shares analysts rate as buys in January

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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Shares in medicinal cannabis company Incannex Healthcare Ltd (ASX: IHL) chugged along nicely on Tuesday to start off the ney year 12% higher at 70 cents.

It was a busy time in 2021 for the company, filled with plenty of upside and downside drivers throughout the year. Nevertheless, Incannex shares were outperformers last year.

Whilst there’s been no price-sensitive information released by the company today, investors have been driving its share price up north in an almost vertical fashion over the past few sessions. Here are the details.

Why did the Incannex share price charge higher today?

Investors began buying Incannex in late December after it had completed dosing of participants in a phase 2 clinical trial investigating its cannabinoid combination product, IHL-42X, for the treatment of obstructive sleep apnoea (OSA).

The trial assessed 3 doses of IHL-42X at reducing the apnoea hypopnoea index (AHI) – the main diagnostic criteria for OSA – compared to placebo in patients.

As reported previously by The Motley Fool, the phase 2 trial cohort has now completed the treatment and data is being analysed by a contract research organization. Delivery of the final clinical study report is anticipated in Q1 2022.

The Company also announced that it has commenced preparation of a pre-Investigational New Drug (IND) meeting package.

As such, Incannex says it is targeting a pre-IND meeting with the US Food and Drug Administration (FDA) in Q1 2022.

Investors have relished both updates and have bid up the company’s share price 47% at rapid pace since it was released.

Adding more fuel to the engine are strengths in the wider biotech sector today. The S&P/ASX 200 Health Care Index (XHJ) is 1.3% in the green, however, many non-constituent names like Incannex are outperforming this afternoon.

And investors are chasing a position in Incannex with authority today, with the volume of shares traded now over 300% of the 4-week trading volume.

As the market digests the oncoming of a new year, filled with new trials and tribulations, Incannex is off to a flying start and taking a step in the right direction.

Incannex share price summary

In the past 12 months, the Incannex share price has gained over 366% after climbing 32% in this last month alone.

Over the previous 5 trading days, it has spiked 27% and has outpaced the benchmark S&P/ASX 200 Index (ASX: XJO)’s return on each of these time frames.

The post Here’s why the Incannex (ASX:IHL) share price spiked 12% today appeared first on The Motley Fool Australia.

More reading

• What’s the outlook for ASX Cannabis shares in 2022?
• What’s dragging the Incannex (ASX:IHL) share price 5% lower today?
• These were the top performing ASX cannabis shares in November

The author has no positions 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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Although the ASX welcomed a plethora of new exchange-traded funds (ETFs) to the public markets last year, the Vanguard Australian Shares Index ETF (ASX: VAS) retained its top spot as ASX investors’ favourite ETF. With roughly $10 billion in assets under management, it seems Aussie investors can’t get enough of this relatively simple index fund.

But does VAS have the numbers to back up this popularity? Let’s check out how this ETF performed last year.

So VAS is a rather unique ETF in that it tracks the S&P/ASX 300 Index (ASX: XKO). While most ASX index funds stick with the conventional S&P/ASX 200 Index (ASX: XJO), VAS throws in an extra hundred companies from the bottom end of the market. That means that you’ll still find ASX blue chip stalwarts like Commonwealth Bank of Australia (ASX: CBA), Woolworths Group Ltd (ASX: WOW), and Telstra Corporation Ltd (ASX: TLS) in this ETF. But you’ll also get companies like Life360 Inc (ASX: 360) and Sezzle Inc (ASX: SZL) that are excluded from the ASX 200.

How did VAS navigate 2021?

So how did VAS perform last year? Well, this ETF started the year at $84.56 a unit, and ended up at $95.95 by New Year’s Eve last week. That’s an on-paper capital gain of 13.38%. Not bad, one could say. But add VAS’s four dividend distributions that investors enjoyed over last year, and that return gets boosted by a rough 3.3% (plus a bit extra on the top with franking).

That compares well against the ASX 200 Index. It recorded a gain of 13% for the calendar year last year.

Since CBA is VAS’s single largest holding, this ASX bank’s hefty 23% gain over 2021 would have helped drive these returns. Other blue chips that enjoyed healthy gains in 2021 that also would have lent a hand include Telstra Corporation Ltd (ASX: TLS), up 40%, and Woolworths Group Ltd (ASX: WOW), up 14%. The main detractors would have been BHP Group Ltd (ASX: BHP) and Rio Tinto Limited (ASX: RIO), which both went backwards over the year that was.

The Vanguard Australian Shares Index ETF charges a management fee of 0.1% per annum (or $10 a year for every $10,000 invested).

The post Own VAS shares? Here’s how this ETF performed in 2021 appeared first on The Motley Fool Australia.

More reading

• Here’s what brokers are saying about the Rio Tinto (ASX:RIO) share price
• These 3 ASX 200 shares are topping the volume charts this Tuesday
• Woolworths (ASX:WOW) share price shrugs off COVID-induced supply issues
• Here’s why the CBA share price had such a good run in December
• Here’s why ASX 200 mining shares could be in for a boost in 2022

Motley Fool contributor Sebastian Bowen owns Telstra Corporation Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Life360, Inc. 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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It’s that time of year where analysts and investors ready themselves and their share investments for a fresh 12 months. This involves peering into what could be the underlying thematics during the year.

Though it is impossible to say what will occur in the future with high certainty the mental exercise can be productive. By mapping out a range of different factors we as investors can consider the possible outcomes.

One fund manager has shared his take on the 10 themes that investors should consider in 2022.

10 economic considerations when investing in shares this year

According to Morgan Stanley Investment Management’s chief global strategist Ruchir Sharma, there are 10 economic trends that investors should be mindful of this year. While Sharma doesn’t claim to have a crystal ball, his insights serve as a guide to what could shape markets in 2022.

China and declining birth rates

In his article, Sharma points out that declining birth rates have led to a tapering in global economic growth. Notably, the fund manager expects this ‘baby bust’ to further shrink the world’s labour force — jeopardising the robustness of the working-age population across more countries.

Along a similar vein, the investor suggests China may have reached its peak as an economic growth powerhouse. The reasoning is partly attributed to the baby bust, but also increasing debt levels, and government intervention.

This is reflected in the People’s Republic constituting one-quarter of global gross domestic product (GDP) growth in 2021. For comparison, the country previously accounted for one-third of GDP growth.

Inflation fears, green metals shifting gears

Many people have shown concern for their share investments as higher inflation threatens the economy. However, Sharma does not foresee the kind of double-digit levels of inflation that other market commentators have warned about. Rather, the fund manager expects technological deflationary pressures to persist.

On the other hand, the astute investor expects inflation of a different kind to continue — Greenflation. As we have seen across the ASX in the past year, companies associated with green metals have experienced stellar gains. The fund manager explains the reason behind this, with Sharma stating:

[…] green politics is reducing raw material supplies of all kinds. Investment in mines and oilfields has dropped sharply over the past five years. The result is “greenflation” in commodity prices, which just had their biggest yearly increase since 1973.

Less GameStop mentality, more physical reality

The GameStop Corp (NYSE: GME) fiasco of 2021 portrayed a moment in time when retail investor sentiment was skyrocketing. According to Sharma, millions of people dipped their toes into share investments in 2021 for the first time.

However, as expectations converge with reality, the fund manager anticipates more risk for shares that are more popular with retail investors.

Another area that Sharma believes has been mispriced by investors is the physical economy. While the market is captivated by the upcoming ambitions of the metaverse, this expert investor believes investors have shunned physical investments prematurely.

And the rest

The remaining four trends outlined by Ruchir Sharma include spiraling government debt levels, stubborn productivity, restrictive foreign data controls, and deflation in some ‘bubbly’ asset classes.

For the market to exceed its returns in 2021, the S&P/ASX 200 Index (ASX: XJO) will need to rise more than 13%.

The post Expert names 10 themes that could impact share investments in 2022 appeared first on The Motley Fool Australia.

More reading

• Own VAS shares? Here’s how this ETF performed in 2021
• Here’s why the ANZ (ASX:ANZ) share price had such a great run in 2021
• 2 ASX shares analysts rate as buys in January
• Here’s what brokers are saying about the Rio Tinto (ASX:RIO) share price
• These 3 ASX 200 shares are topping the volume charts this Tuesday

Motley Fool contributor Mitchell Lawler 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 Australia and New Zealand Banking Group Ltd (ASX: ANZ) share price had a great run over 2021.

It beat the broader market’s performance by 8.1% last year, driven by a particularly good start.

At the end of 2020, the ANZ share price was trading for $22.70. Come the final session of 2021, it closed at $27.51, leaving it with a 21.1% gain for the 12-month period.

For context, the S&P/ASX 200 Index (ASX: XJO) gained 13% in the same period.

Let’s take a look at what drove the smallest big bank’s share price last year.

What drove the ANZ share price in 2021?

The ANZ share price gained 24% over the first 3 months of 2021. Although, the market didn’t hear price-sensitive news from ANZ in 2021 until mid-February.

Then, the bank announced it clocked $1.8 billion of unaudited cash earnings for the first quarter of financial year 2021.

As The Motley Fool Australia reported at the time, that was a 54% jump on the average quarterly profit of the second half of financial year 2020.

The ANZ share price surged 2.8% higher the day it announced the news.

Its strong performance continued in May when it announced its results for the 6 months ended 31 March.

The period saw ANZ besting analyst expectations to report a $2.9 billion statutory after-tax profit and $2.9 billion of cash earnings from continuing operations. It also announced a 70 cent, fully franked, interim dividend.

Sadly, the market seemingly expected more, and the bank’s stock tumbled 3.2% lower.

In June, ANZ announced its plan to undergo a $1 billion capital raise through issuing notes.

Finally, the last time the market heard price-sensitive news from the bank was in late October when it released its full-year results.

Once again, it had experienced a major profit surge. It reported a 72% jump in statutory profits, which came in at around $6.16 billion.

Its cash earnings increased by 65% to approximately $6.2 billion, and it announced a final fully franked dividend of 72 cents per share.

The ANZ share price gained 0.7% on the back of its annual results.

There was plenty of interesting non-price sensitive news from the bank in 2021.

It was hit with a $25 million penalty from the Australian Securities and Investments Commission (ASIC) in December.

Earlier in November, the watchdog also announced it was taking the bank to court over historical home loan applications.

It was also hit with a class action last month over certain credit card contracts.

Although some brokers are bearish on the company’s performance for 2022, overall 2021 was an exciting year for the ANZ share price.

The post Here’s why the ANZ (ASX:ANZ) share price had such a great run in 2021 appeared first on The Motley Fool Australia.

More reading

• ASX 200 falls on Friday but records 13% gain in 2021
• Here’s why the ANZ (ASX:ANZ) share price has climbed in December
• ASX 200 (ASX:XJO) midday update: CBA rises, Sandfire’s MATSA update
• Leading brokers name 3 ASX shares to buy
• Is the ANZ (ASX:ANZ) share price a buy with its 8% dividend yield?

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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There are a lot of options for investors to choose from on the Australian share market.

To narrow things down, I’ve taken a look at which ASX shares analysts are recommending investors buy right now.

Two that have been given buy ratings are listed below. Here’s what you need to know about them:

Santos Ltd (ASX: STO)

If you’re happy to invest in the resources sector then you might want consider energy producer Santos, which has recently completed its merger with Oil Search.

Morgans is a fan of Santos and sees significant upside for its shares at the current level. The broker has an add rating and $8.65 price target. And while this is notably higher than the latest Santos share price of $6.06, the broker feels it is still conservative.

The broker commented: “We view our target price as conservative, with a case for value upside from de-risking of growth projects and securing of synergies. The merger leaves STO well positioned to control its own future in increasingly difficult ESG-driven debt and equity markets. We maintain our Add rating.”

TechnologyOne Ltd (ASX: TNE)

This enterprise resource planning software provider could be a share to buy in 2022 according to the team at Bell Potter.

The broker likes TechnologyOne due to its belief that it can grow its earnings at a solid rate for many years as it continues to transition to a software-as-a-service business. Bell Potter has a buy rating and $15.00 price target on the company’s shares.

It commented: “The key competitive advantage of the company is it has developed a fully integrated SaaS solution of its software and is now switching customers to this solution. The migration is now >50% complete and Technology One is starting to reap the benefits of greater recurring revenue and a higher margin. This combination will in our view drive double digit earnings growth for years to come and, as the migration of customers approaches 100%, we expect the multiple to re-rate to that of a pure SaaS company.”

The post 2 ASX shares analysts rate as buys in January appeared first on The Motley Fool Australia.

More reading

• ASX 200 (ASX:XJO) midday update: Pilbara Minerals hits record high, energy shares rise
• 5 things to watch on the ASX 200 on Friday
• 5 things to watch on the ASX 200 on Thursday
• Could this drive the Santos (ASX:STO) share price in 2022?
• Top brokers name 3 ASX shares to 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 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 Rio Tinto Limited (ASX: RIO) share price may be edging lower on Tuesday but that hasn’t stopped it from recording a solid gain over the last month.

Since this time in January, the mining giant’s shares are up 6%.

Can the Rio Tinto share price go higher from here?

Opinion is reasonably divided on the Rio Tinto share price and its future direction.

For example, the team at Macquarie Group Ltd (ASX: MQG) has an outperform rating and $135.00 price target on its shares.

Whereas over at UBS, its analysts are bearish on the mining giant and have a sell rating and lowly $80.00 price target.

Elsewhere, the team at Morgans is sitting on the fence at the moment and has a hold rating and $104.00 price target on Rio Tinto’s shares.

Morgans has concerns around the long-term impact from what it believes to be a critical underspend in the Pilbara.

The broker commented: “RIO remains in the peculiar position for an iron ore miner of being mine constrained (with infrastructure normally the key bottleneck), with RIO now facing an increasingly tight schedule to bring on new replacement mines.”

“The implications being RIO is struggling to maintain Pilbara iron ore volumes (particularly of its premium Pilbara Blend product) while sustaining capex is highly likely to remain at levels well above its peers for the foreseeable future,” it added.

Morgans is now forecasting total iron ore capex of an average of US$2.8 billion per annum through to 2030. This is almost double its estimate of US$1.5 billion previously.

The broker concludes: “The difficult operating conditions at RIO’s flagship Pilbara iron ore business is unfolding just as the big miner launches an aggressive decarbonization strategy (US$7.5bn spend to 2030), which will further dent FCF [free cash flow] generation. With these risks in mind and RIO trading near our revised price target we maintain our Hold recommendation.”

The post Here’s what brokers are saying about the Rio Tinto (ASX:RIO) share price appeared first on The Motley Fool Australia.

More reading

• Here’s why ASX 200 mining shares could be in for a boost in 2022
• How the Macquarie (ASX: MQG) share price went in 2021
• 5 things to watch on the ASX 200 on Tuesday
• Christmas highs: 3 ASX 200 shares hitting record highs today
• Rio Tinto (ASX:RIO) shares are enjoying a Santa rally of their own this month. Here’s why

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 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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Well, it’s the first trading day of 2022, and the S&P/ASX 200 Index (ASX: XJO) is welcoming the new year in style! At the time of writing, the ASX 200 is up a pleasing 1.72% at 7,572 points.

But let’s dig a little deeper and check out the ASX 200 shares currently topping the share market’s trading volume charts, according to investing.com.

3 most traded ASX 200 shares by volume on Tuesday

Telstra Corporation Ltd (ASX: TLS)

Our first high-volume ASX 200 share today is blue chip Telstra. This telco has seen a hefty 10.84 million of its shares trade on the markets so far this Tuesday. There’s not much in the way of news or announcements out of Telstra today. In saying that though, the Telstra share price is enjoying some healthy gains today.

The telco is currently up a solid 0.24% at $4.19 a share so far after touching a new 52-week high of $4.20 earlier this morning. This new high, together with Telstra’s ongoing share buybacks, are probably behind this elevated volume we see today.

Paladin Energy Ltd (ASX: PDN)

A recent addition to the ASX 200 Index, next up we have Paladin Energy. This uranium company has had a sizeable 15.4 million shares trade hands on the ASX boards so far today. This could be the result of the Paladin share price putting on a healthy 7.39% so far today, despite not much in the way of news coming out of the company.

This gain, as well as the high trading volume, could be the result of Paladin announcing that more than 14 million Paladin shares will be released from escrow on 11 January.

Pilbara Minerals Ltd (ASX: PLS)

And last, but certainly not least in terms of ASX 200 trading volume, we have lithium producer Pilbara Minerals. Pilbara has had a whopping 29 million of its shares find new homes thus far on Tuesday. Again, there hasn’t been any major developments from the company today.

However, Pilbara shares have enjoyed an exceptional trading session so far. This company is currently up a pleasing 8.13% so far today after touching a new all-time high of $3.50 a share just this morning. We discussed what might be going on with these gains earlier today, but this is almost certainly why we have seen so many Pilbara shares traded so far today.

The post These 3 ASX 200 shares are topping the volume charts this Tuesday appeared first on The Motley Fool Australia.

More reading

• Here’s why the CBA share price had such a good run in December
• New year’s resolution: Why are ASX lithium shares having such a stellar day?
• Why Brainchip, Pilbara Minerals, Straker, and Whitehaven Coal shares are pushing higher
• Happy new high! Pilbara Minerals (ASX:PLS) share price up another 7%
• ASX 200 (ASX:XJO) midday update: Pilbara Minerals hits record high, energy shares rise

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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