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The S&P/ASX 200 Index (ASX: XJO) gave back all its weekly gains and a little bit more on Friday. This led to the benchmark index falling 2.9 points over the period to end at 7,403.7 points.

While a good number of shares dropped lower with the market, some fell more than most. Here’s why these were the worst performers on the ASX 200 last week:

Fortescue Metals Group Limited (ASX: FMG)

The Fortescue share price was the worst performer on the ASX 200 last week with a 16.4% decline. The majority of this decline came on Friday after the iron ore producer was hit with a double whammy of falling prices and a broker downgrade. In respect to the latter, UBS has downgraded the company’s shares to a sell rating and cut the price target on them from $18.00 to $15.00. UBS made the move on the belief that iron ore prices will fall to US$70 to US$80 a tonne.

IRESS Ltd (ASX: IRE)

The IRESS share price wasn’t too far behind with a decline of 12% over the period. Once again, the majority of this decline came on Friday after an update on its takeover talks with EQT. As you might have guessed, those talks have not gone well. IRESS advised that discussions between it and EQT have now concluded and the parties have been unable to agree a transaction. Last month EQT tabled a non-binding offer to acquire IRESS for $15.91 cash per share.

AGL Energy Limited (ASX: AGL)

The AGL share price was out of form and dropped 9.7% over the five days. This may have been driven by news that the Australian Shareholders Association (ASA) plans to vote in favour of the company introducing emissions targets in line with the Paris Agreement. Whereas AGL has recommended shareholders vote against the resolution.

Brambles Limited (ASX: BXB)

The Brambles share price was a poor performer and tumbled 9.3% last week. Investors were selling the supply chain logistics company’s shares following the release of an update on Monday. That update revealed that Brambles is expecting underlying profit growth of just ~1% to ~2% in FY 2022. This is due to management flagging FY 2022 as an investment year for the company.

The post These were the worst performing ASX 200 (ASX:XJO) shares last week appeared first on The Motley Fool Australia.

More reading

• The Tinybeans (ASX:TNY) share price has jumped 9% on Friday
• AGL (ASX:AGL) share price falls amid ASA’s planned push for Paris targets
• Here are the top 10 ASX shares today
• The next ASX 200 shares that could undertake a big capital return
• These 3 ASX 200 shares are flying around the markets today

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 Alligator Energy Ltd (ASX: AGE) share price is on fire this past week and finished Friday’s session at 11.5 cents each.

Over the last 7 days, Alligator Energy’s shares have climbed 113%, extending their gain over the past month to 342%.

In fact, if you zoom out a bit and look at Alligator’s share price chart since mid-August, you’ll see what looks like a hockey stick – with a handle that’s climbed until today.

Let’s take a look at what’s at play here.

What’s fuelling the Alligator Energy share price lately?

There are 2 main factors driving these impressive returns for Alligator Energy shareholders in the near term. First is a key update and the second being the price of uranium. Let’s cover the key update first.

In the announcement made earlier today, Alligator outlined several “updates for its projects and team”. These cover the company’s key uranium projects and some corporate news.

Specifically, the projects in question are the Samphire Uranium Project, Alligator Rivers Uranium Province – Nabarlek North Project and Big Lake Uranium. Investors can find more detailed progress for each site individually on the company’s announcement.

The second major catalyst pushing the Alligator Energy share price higher today is the prices that uranium is fetching in the spot commodity markets.

The price of uranium has skyrocketed from US$30/lbs to just shy of US$50 per pound since 16 August. That’s a 65% increase in just one month.

Checking this with Alligator’s share price chart, it’s clear to see that it made its jump from the same time as the giant move in uranium pricing – in mid-August.

This makes sense because Alligator Energy is an ASX resource share that produces a commodity – in this case, uranium – and therefore it is considered a price taker. As such, its share price can and does fluctuate with volatility in the broader commodity markets.

Given this relationship and the fact that uranium prices are just short of reaching 10-year highs, it starts to make sense why the Alligator Energy share price has stormed higher this week.

Alligator Energy share price snapshot

The Alligator Energy share price has been a major performer on the ASX this year to date and has posted a mammoth return of 945%.

What’s more, is that over the past 12 months, it has increased by a whopping 2,200%. However, it’s important to check absolute values as well as percentages in finance.

Doing so we see that the Alligator Energy share price has increased from $0.005 (0.5 cents) to 11.5 cents over the past year – a gain of 10 cents per share.

Nonetheless, speculative investors who banked on Alligator Energy this time last year are enjoying a significant return over the S&P/ASX 200 index (ASX: XJO)’s gain of around 15% in that time.

The post Here’s why the Alligator Energy (ASX:AGE) share price leapt 113% this past week appeared first on The Motley Fool Australia.

More reading

• Why the Little Green Pharma (ASX:LGP) share price has lost 20% since July
• The Tinybeans (ASX:TNY) share price has jumped 9% on Friday
• West Wits Mining (ASX:WWI) share price surges 23% on project update
• Why the Northern Star (ASX:NST) share price sank nearly 3% on Friday
• AGL (ASX:AGL) share price falls amid ASA’s planned push for Paris targets

The author Zach Bristow 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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The Little Green Pharma Ltd (ASX: LGP) share price has had a tough run over the past few months. This comes despite the medicinal cannabis producer releasing some positive announcements to the market of late.

At Friday’s closing bell, Little Green Pharma shares finished the day down 2.04% to 72 cents apiece. They are now down 22.5% since the start of July

What has Little Green Pharma recently announced?

In late August, Little Green Pharma released its preliminary report for the 2021 financial year, highlighting mixed results.

The company generated more than $7 million in revenue, up 218% over the prior corresponding period. The robust performance came from the sale of medicinal oil and flower products.

On Little Green Pharma’s bottom line, profit after tax came to $24.6 million, an improvement from the $9.3 million loss in FY20. While this appears a sound performance, the $25 million gain on the purchase of the Denmark facility bumped up the end result.

In addition to the result, Little Green Pharma was granted a Schedule 9 licence to supply psilocybin by the Western Australian government. The licence is a key element of the company’s entry into the international field of psychedelic drugs to treat mental illness.

Furthermore, Little Green Pharma successfully imported its first shipment of its THC 16 cannabis flower medicine from its Danish facility into Australia. The Little Green Pharma share price jumped on this news.

Regardless of the positive progress, Little Green Pharma shares have tanked from the beginning of July. Its peers too, Creso Pharma Ltd (ASX: CPH) and Althea Group Holdings Ltd (ASX: AGH) have not been immune. They have fallen 12.5% and 27%, respectively.

A possible catalyst for the fall could be weak investor sentiment as the cannabis sector has been slow to take off. In 2018, there was massive hype in cannabis products, but this has since waned.

About the Little Green Pharma share price

Over the past 12 months, Little Green Pharma shares gradually moved upwards to advance around 150%. The strong accent came off the back of late 2020 where the cannabis sector took off following optimistic investor sentiment.

However, in 2021, the company’s share price moved relatively sideways, registering gains of approximately 30%.

The post Why the Little Green Pharma (ASX:LGP) share price has lost 20% since July appeared first on The Motley Fool Australia.

More reading

• The Tinybeans (ASX:TNY) share price has jumped 9% on Friday
• West Wits Mining (ASX:WWI) share price surges 23% on project update
• Why the Northern Star (ASX:NST) share price sank nearly 3% on Friday
• AGL (ASX:AGL) share price falls amid ASA’s planned push for Paris targets
• Cettire (ASX:CTT) share price leaps another 14%, up 66% in a month. Here’s why

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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As the broader market struggled, the Tinybeans Group Ltd (ASX: TNY) share price finished strongly in the green today.

Shares in the tech company finished the day 9.4% higher to $1.16. By comparison, the All Ordinaries Index (ASX: XAO) ended the day 0.73% lower.

So, what’s propelling the Tinybeans share price higher?

What’s fuelling the Tinybeans share price?

Tinybeans has not released any price-sensitive news that could explain today’s bullish price action.

The last piece of news from the tech company, on September 13, was market ‘non-sensitive’ and related to a summary of an investor conference call.

In an investor conference meeting earlier this month, the company’s management discussed its performance for FY21.

Additionally, Tinybeans also detailed its plans for FY22, including the company’s new subscription model.

How did Tinybeans perform in FY21?

Late last month, Tinybeans released its full-year report for FY21. The Tinybeans share price jumped into the green on the record result.

Key operational highlights from the report included:

• Revenue increased 102% on the prior corresponding period to US$8 million;
• Monthly active users lifted 16% to 4.33 million users; and
• Net loss after tax of US$3.1 million, down 34.8%.

Tinybeans noted the company was able to achieve great sales momentum through the year. The company attributed this to an increase in advertising revenues, which jumped by 125% to US$6.75 million. 

In addition, Tinybeans also reported a 23% increase in subscription revenue of US$860,000.

For the full year, the company also boasted a strong balance sheet, noting a cash balance of US$2.16 million.

More on Tinybeans

Tinybeans is a free social media platform developed in Australia and targeted towards parents who want to share photos and videos of their children within a secure community.

In particular, the company looks to address the growing issue of cyber security and user privacy.

The Tinybeans platform is designed to boost online safety by creating a contained, invite-only environment. This allows parents to upload photos and videos of their kids and securely share the content within an approved network.

Since the start of the year, the Tinybeans share price has struggled to stay in the green and is 23% lower for 2021.

Shares in the tech company rose 9.43% on Friday but were nearly 11% higher earlier after hitting an intra-day high of $1.175.

The post The Tinybeans (ASX:TNY) share price has jumped 9% on Friday appeared first on The Motley Fool Australia.

More reading

• Here are the top 10 ASX shares today
• The next ASX 200 shares that could undertake a big capital return
• These 3 ASX 200 shares are flying around the markets today
• Use the sharp commodity sell-off to buy these ASX 200 mining shares
• The Soul Patts (ASX:SOL) share price is down 3% on Friday

Motley Fool contributor Nikhil Gangaram has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Tinybeans Group Ltd. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The West Wits Mining Limited (ASX: WWI) share price has finished the day in the green on Friday, finishing trading at 5.5 cents.

That’s a 25% gain on the day, and well ahead of the benchmark S&P/ASX 200 index (ASX: XJO)’s 0.8% loss today.

Here we investigate what pushed West Wit’s share price higher.

What’s driving the West Wits Mining share price today?

The West Wits Mining share price is running hot today after the company announced a key update to its Witwatersrand Basin Project (WBP).

The WBP deposit forms part of the “Central Rand Goldfield” in Johannesburg, South Africa. It has been “host to one of the most extensive gold deposits in the world”, according to the release.

Today, West Wits advised that the Department of Mineral Resources & Energy (DMRE) formally accepted the company’s “application for a new prospecting right at WBP”.

After ensuring all compliance measures check out, the company “would reinstate a substantial portion of Mineral Resources to WBP’s current mineral resource estimate (MRE) of 3.55Moz at 4.26 g/t Au”.

Following that, West Wits will submit an environmental management plan for the site, in addition to a “prospecting works plan” to the DMRE. These submissions are standard procedure, as per the release.

West Wits also anticipates that a significant portion of the “old resource”, that was restated upon the mining right’s grant, “would be reintroduced to the global MRE for the WBP”.

Speaking on the announcement, West Wits’ managing director, Jac van Heerden, said:

We are confident that we will be able to comply with the prospecting right compliance requirements, upon which we will reinstate substantial resources to our Qala Shallows and Deeps areas of the WBP which were reduced on the grant of our mining right in July.

West Wits Mining share price snapshot

The West Wits Mining share price has had a difficult year to date, posting a loss of 23% since January 1.

Despite this, Wes Wits Mining shares have climbed 72% over the last 12 months.

This outpaces the broad index’s return of 26% over the past year.

The post West Wits Mining (ASX:WWI) share price surges 23% on project update appeared first on The Motley Fool Australia.

More reading

• West Wits (ASX:WWI) share price tumbles 12% despite strong gold potential

The author Zach Bristow 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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Friday saw a tough end to week the Northern Star Resources Ltd (ASX: NST) share price. Shares in Australia’s largest miners of the precious metal closed the week lower as gold prices tumbled lower in overnight markets.

Why the Northern Star share price sank nearly 3% on Friday

Let’s rewind back to 2020. Many ASX shares were under pressure amid the coronavirus pandemic but gold shares were outperforming.

A massive government cash vc splash both domestically and abroad meant more money circulating in the economy to try and put the economy on life support in dealing with COVID-19. However, one side effect of this stimulus was the impact it would have on inflation.

Gold has often been viewed as a good hedge against inflation. As a result, gold prices surged to all-time highs in 2020 and many in the market expected the good times to continue rolling.

However, the Northern Star share price has now fallen nearly 38% in the past 12 months. That’s largely thanks to the performance of the underlying commodity it produces.

Surprising US government data has hit the gold price hard in recent days. In fact, gold prices are now at their lowest point in the last 5 months following significant falls.

Gold dropped more than US$40 per ounce on Thursday as stronger than expected retail data put pressure on the precious metal.

A stronger retail sector could be seen as a sign that the economy is performing better than expected, which indicates increased likelihood of tapering from the US Federal Reserve and a higher interest rate environment. Given higher rates have historically been used to keep inflation in check, that’s not good for gold prices.

The Northern Star share price closed 2.8% lower on Friday afternoon following the gold price slump. Investors will likely be watching closely on Monday to see if there are gains to be had in the weeks ahead.

The post Why the Northern Star (ASX:NST) share price sank nearly 3% on Friday appeared first on The Motley Fool Australia.

More reading

• Why ASX 200 gold shares are sinking on Friday
• 5 things to watch on the ASX 200 on Tuesday
• Is worst over for ASX gold shares as Macquarie upgrades sector?
• 5 things to watch on the ASX 200 on Monday
• 5 things to watch on the ASX 200 on Tuesday

Motley Fool contributor Ken Hall 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 AGL Energy Limited (ASX: AGL) share price slumped today. It comes after the Australian Shareholders Association (ASA) announced it plans to vote in favour of the company introducing emissions targets in line with the Paris Agreement.

The ASA will vote in favour of a resolution that demands AGL outline new emissions targets for its businesses post-demerger. The resolution asks the company to create short, medium, and long-term emissions targets in line with the Paris Agreement

AGL has recommended shareholders vote against the resolution. The vote will go ahead at AGL’s annual general meeting next week.

At the final bell on Friday, the AGL share price finished at $5.52, 6.6% lower than its previous closing price.

Let’s take a look at news that might cause drama at Australia’s largest carbon emitter’s upcoming annual general meeting.

Quick refresher

AGL plans to split into 2 companies in the final quarter of this financial year. The two companies will be named Accel Energy and AGL Australia.

AGL has already disclosed the emissions targets of its proposed demerged entities. However, they aren’t specifically in line with the Paris Agreement.

AGL plans for AGL Australia, an energy retailer, to be carbon neutral for scope 1 and 2 emissions. It will also have a clear pathway to carbon neutrality for all its electricity supply.

Whereas, Accel Energy, an energy generation business, will have set targets towards decarbonisation.

The proposed company’s baseline emission reduction targets will include a 23% reduction by 2024 (on those of financial year 2021). Following 2024, Accel will target a 60% reduction by 2036 and a 100% reduction by 2050.

AGL share price slides amid ASA’s support for Paris targets

The AGL share price sunk today amid news the ASA will be voting against the company’s recommendations at its annual general meeting.

The Australasian Centre for Corporate Responsibility (ACCR) put the resolution forward. If passed, it will see AGL forced to set Paris-aligned emissions reduction targets for its demerged entities.

However, the resolution is the second of a 2-part resolution. Therefore, it will only be put to a vote if the ACCR’s first resolution is passed.

ACCR’s first resolution looks to amend AGL’s constitution. If passed, the amendment will allow shareholders to create resolutions to discuss how power vested in AGL’s board is exercised. ASA intends to vote against adding the clause into AGL’s constitution.

Though, if most shareholders are in favour of amendment AGL’s constitution, ASA will vote in favour of introducing Paris-aligned emissions targets.

In a media release, ASA commented:

As shareholders, but also as members of the community, there is a lot of support for speeding up the decarbonisation process. It would be in everyone’s interest that AGL would find real opportunities for the company as it goes about navigating its transition to renewable energy.

On the surface, this resolution is also a reasonable request to make, as it asks for transparency, which will assist in the decision on how to vote on demerging.

AGL recommends shareholders vote against Paris targets

The AGL share price has fallen into the red amid a potential battle between the company and the ASA.

AGL argues against implementing emissions targets in line with the Paris Agreement. The company doesn’t believe it’s in Accel Energy or AGL Australia’s best interests to make Paris-aligned emissions commitments.

According to AGL, coal power is “essential to the affordable and reliable supply of electricity to millions of Australian households and businesses”.

It said to turn off AGL’s coal-fired power stations, multiple billions of dollars would need to be invested into other energy generation methods. That’s capital that it simply doesn’t have. In a statement AGL said:

Australia’s decarbonisation process requires an effective level of coordination between government, regulators and industry to promote an orderly and timely transition from coal-fired power to other forms of reliable and cost-effective supply.

ACCR noted it isn’t pushing for AGL to close its coal-fired power stations immediately. Rather, it’s hoping to force the company to transition the proposed businesses to renewable energy over the next 10 to 15 years.

AGL share price snapshot

Today’s drop included, the AGL share price has fallen 54% since the start of 2021.

It’s also 61% less than it was this time last year.

The post AGL (ASX:AGL) share price falls amid ASA’s planned push for Paris targets appeared first on The Motley Fool Australia.

More reading

• Why AGL, BHP, IRESS, & Lendlease shares are dropping
• AGL (ASX:AGL) share price crashes 7% to new 20 YEAR LOW!
• Which ASX 300 shares are on the move mid-week?
• ASX 200 midday update: Pilbara Minerals jumps, bank shares fall
• Here’s why the AGL (ASX:AGL) share price is leaping 5%

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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The Cettire Ltd (ASX: CTT) share price has jumped 14% today. It’s actually up 66% over the last month.

What is Cettire?

After a very strong run – up 189% in the last six months alone – it now has a market capitalisation of $1.2 billion according to the ASX.

If you’ve never heard of Cettire, it is a global online retailer of a large selection of personal luxury goods through its website, Cettire.com. It sells over 160,000 products of clothing, shoes, bags and accessories and 1,300 luxury brands.

Major backers for the ASX retail share

According to reporting by the Australian Financial Review, a number of the richest Australians have invested some money into Cettire shares.

The AFR listed Tony Gandel, Alex Waislitz, Colin Bell and Penelope Seidler as some of its powerful backers.

There are also some institutional investors that are backing Cettire as well including Cat Rock Capital Management, Regal Funds Management and Washington H. Soul Pattinson and Co. Ltd (ASX: SOL). Soul Patts apparently owns just over 1.44% of the business.

Fast growth, beats prospectus guidance

The market also likes to consider guidance and performance when considering valuation, which may be a factor for the Cettire share price.

In the FY21 result, the luxury ASX retail share said that it beat the prospectus forecasts.

Let’s run through some of those numbers.

Reported sales revenue increased 304% to $92.4 million. In constant currency terms, that was an increase of 352%. Active customers grew 285% to 114,830. Around 40% of gross revenue came from repeat customers (up from 26% in FY20).

Cettire’s reported product margin was 37% and the delivered margin was 24%. In dollar terms, the product margin rose 307% to $33.8 million and the delivered margin jumped 243% to $22 million.

The business also reported significant growth of its core profitability metrics. Operating cashflow surged 131% to $12.7 million, whilst adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) came in at $2.1 million.

Management attributed the cashflow growth to its “exceptional” sales growth, a capital light business model and attractive working capital profile.

The profitability of the business may be part of an investor’s thoughts about the Cettire share price.

Cettire developments

The business said that it launched its proprietary e-commerce storefront software in August 2021. Cettire is aiming for this to provide new capabilities to support the company’s global expansion. This is a key goal for the business.

Other initiatives include free returns for customers and expanding its total addressable market by entering the children’s wear segment.

The luxury ASX retail share has also started direct partnerships with brand owners.

Dean Mintz, the Cettire founder and CEO, said:

Whilst it is still very early in the development of our direct relationships with brand owners, this represents a natural progression of our business. We are excited by the potential of working directly with additional brand owners to complement our existing supply chain.

The post Cettire (ASX:CTT) share price leaps another 14%, up 66% in a month. Here’s why appeared first on The Motley Fool Australia.

More reading

• Why Afterpay, AnteoTech, Cettire, & Vulcan shares are storming higher
• The surging Cettire (ASX:CTT) share price means the company is now bigger than Kogan
• These three ASX retail shares delivered double (and triple!) digit returns in 2021
• Why the Cettire (ASX:CTT) share price is slumping 5% today
• The Cettire (ASX:CTT) share price is up a whopping 500% this year

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Today, the S&P/ASX 200 Index (ASX: XJO) tumbled after a disastrous session for iron ore shares. The benchmark index sunk 0.76% lower to 7,403.7 points.

While it was a difficult day for many ASX shares today, there were still some companies that experienced a level of optimism.

The question is: which shares delivered the biggest returns to investors on the ASX today? Here are the ten stocks that rose to the occasion:

Top 10 ASX shares countdown today

Looking at the top 200 listed companies, PointsBet Holdings Ltd (ASX: PBH) was the biggest gainer today. Shares in the wagering company rallied 6.43% despite no announcements. Find out more about PointsBet here.

The next biggest gaining ASX share today was Shopping Centres Australiasia Property Group (ASX: SCP). The property group’s shares climbed 3.64% to $2.85, once again, without any news or announcements. Uncover the latest Shopping Centres Australiasia details here.

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

ASX-listed company	Share price	Price change
PointsBets Holdings Ltd (ASX: PBH)	$9.77	6.43%
Shopping Centres Australiasia Property Group (ASX: SCP)	$2.85	3.64%
WiseTech Global Ltd (ASX: WTC)	$52.35	3.50%
Pinnacle Investment Management Group Ltd (ASX: PNI)	$16.91	3.11%
Afterpay Ltd (ASX: APT)	$127.37	3.10%
Megaport Ltd (ASX: MP1)	$17.33	3.09%
Fisher & Paykel Healthcare Corporation Ltd (ASX: FPH)	$31.48	3.08%
Cleanaway Waste Management Ltd (ASX: CWY)	$2.68	2.68%
Infratil Ltd (ASX: IFT)	$7.88	2.60%
Centuria Capital Group (ASX: CNI)	$3.58	2.58%

Our top 10 ASX shares 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

• The next ASX 200 shares that could undertake a big capital return
• These 3 ASX 200 shares are flying around the markets today
• Use the sharp commodity sell-off to buy these ASX 200 mining shares
• Which ASX shares are looking to finish the week as the top movers on the ASX 300 today?
• The Soul Patts (ASX:SOL) share price is down 3% on Friday

Motley Fool contributor Mitchell Lawler owns shares of AFTERPAY T FPO. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended AFTERPAY T FPO, MEGAPORT FPO, PINNACLE FPO, Pointsbet Holdings Ltd, and WiseTech Global. The Motley Fool Australia owns shares of and has recommended AFTERPAY T FPO, PINNACLE FPO, Shopping Centres Australasia Property Group, and WiseTech Global. The Motley Fool Australia has recommended MEGAPORT FPO and Pointsbet 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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I read a tweet, from stockbroker CommSec, just before the market opened this morning.

Here’s the text, in full:

“SPI futures are down 36pts or 0.48% ahead of the market open. The #ASX 200 is up 54pts or 0.72% so far this week”

And, while I’m used to that sort reporting, for some reason the tweet just stopped me in my tracks.

“Really?” I thought. “That’s it?”

Now, to be abundantly clear, I’m not having a dig at CommSec.

Yes, I think (most, not all) brokers have some responsibility for trying to entice us to overtrade. But that’s also their business model, so we can’t be surprised.

Commonwealth Bank of Australia (ASX: CBA) shareholders wouldn’t exactly be thrilled if CommSec tweeted:

“Yawn. Not much happening on the ASX. As usual. Nothing to see here. Go back to work.”

And yet, that’s a far, far more useful (and accurate) statement.

As I tweeted in response:

CommSec is (rightly) just sharing market data, so this isn’t directed at them.

But seriously, read that tweet and tell me why you’re paying attention to daily and/or weekly moves?

Fractions. Of. One. Percent.

Invest (regularly).

Then go do something else!

But let me flesh that out, just a little.

In four trading days, the ASX is up an average of 0.18% per day (I know I should adjust for it being a compound, rather than a simple, return, but the number would be even less, so I’m being generous).

Zero. Point. One. Eight. Percent.

And if today’s futures were accurate (spoiler alert: they often aren’t), then after 5 days, the average daily gain would be 0.048%.

For a whole week’s trading.

All of the buys and sells.

The breathless market reporting.

The millions of times Australians have refreshed their brokerage account to see what’s changed.

Seriously?

(Turns out that the market opened while I was writing this, and at the time of writing, today’s losses are 1.07%. As it turns out, the week’s result is currently negative, but the size of the move is roughly the same.)

I mean, I guess if you’re trying to day trade, you might care (and you have my sympathies).

But otherwise?

If you’re a long term investor (you should be!)?

At best, it’s irrelevant.

At worst, it’s just noise that ends up actually being a net negative because it entices you to trade when you should have just left well enough alone.

Again, remember: 0.18%.

One five-hundredth.

A complete waste of time.

Me? I’m glad you asked.

I try to find good businesses. I buy shares if the prices are attractive.

Then…

Nothing.

I just let them do their thing.

The market has nothing to tell me.

If the companies make an announcement, I’ll read it.

If the share price moves meaningfully, I’ll make sure I haven’t missed anything, and see if I’m getting an opportunity to sell for a motza or buy for a steal.

Otherwise?

Nothing.

I just let the businesses keep doing their thing.

Turns out, Woolworths Group Ltd (ASX: WOW) doesn’t care how frequently its shareholders check the share price.

Turns out, BHP Group Ltd (ASX: BHP) doesn’t make more money if you hit refresh on the share price page more often.

Turns out, the good people at CSL Limited (ASX: CSL) don’t down tools when the share price loses 1%.

I know. Who knew…

Maybe, we should take their lead?

Fool on!

The post Daily share price movements: Full of sound and fury… appeared first on The Motley Fool Australia.

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

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