Tag: Motley Fool

Investors that are looking to strengthen their portfolio with some blue chip ASX 200 shares may want to look at the two listed below.

Here’s why these blue chip ASX 200 shares are rated as buys:

BHP Group Ltd (ASX: BHP)

The first ASX 200 blue chip share to look at is BHP. The Big Australian’s shares have pulled back materially recently following a sharp decline in the iron ore price.

However, it is worth noting that the price of the steel making ingredient is still notably higher than the mining giant’s production costs.

It also has diverse operations and is benefiting from rises in other commodity prices.

Macquarie remains very positive on the company. In fact, earlier this week the broker put an outperform rating and $55.00 price target on BHP’s shares. Its analysts are also forecasting generous dividend payments in the coming years.

ResMed Inc. (ASX: RMD)

Another ASX 200 share to look at is this sleep treatment-focused medical device company.

Over the last decade, ResMed has become one of the leaders in the sleep treatment market. This has been driven by its high level of investment in R&D and acquisitions. Combined, the company now has a portfolio of industry-leading hardware and software products.

This leaves it well-placed to benefit from the growing sleep treatment market. Management estimates that there are ~1 billion people suffering from sleep apnoea worldwide, with only ~20% of these sufferers currently diagnosed.

ResMed also looks well-placed to benefit from the shift to home healthcare and a major product recall from a key rival.

Credit Suisse is a fan of ResMed. Last week the broker retained its outperform rating and lifted its price target on the company’s shares to $44.00. It believes ResMed is well-placed to grow at above industry rates. The broker also feels the market is under-appreciating the potential market share gains it will make from the aforementioned product recall.

The post 2 ASX 200 blue chip shares analysts rate as buys appeared first on The Motley Fool Australia.

More reading

• Why AGL, BHP, IRESS, & Lendlease shares are dropping
• BHP (ASX:BHP) share price slips despite potash update
• ASX 200 midday update: Pilbara Minerals jumps, bank shares fall
• The latest ASX 200 mining shares to get hit by broker downgrade
• How have these ASX 200 iron ore shares performed since reporting results?

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

from The Motley Fool Australia https://ift.tt/3k9WS4P

The JB Hi-Fi Limited (ASX: JBH) share price has dropped 9% over the last month. Could that make the electronics retailer a buy after theoretically becoming better value?

Whilst the JB Hi-Fi share price has looked like a bit of a rollercoaster over the last 12 months, it’s actually only down by around 3% in the past year. Since the bottom of the COVID-19 crash, the company has seen a sizeable recovery – it has risen almost 90% despite the recent decline.

What has happened for JB Hi-Fi within the last month?

Just under a month ago, JB Hi-Fi handed in its FY21 result.

The company shows that its total sales increased by 12.6% to $8.9 billion. Of that total revenue, $1.1 billion of the revenue was online – an increase of 78.1%. Its online offerings are supported by the supply chain and logistics capabilities.

It benefited from operating leverage throughout the business, which helped earnings before interest and tax (EBIT) increase by 53.8% to $743.1 million and net profit after tax (NPAT) went up 67.4% to $506.1 million.

The Australian divisions generated a large majority of the profit.

JB Hi-Fi Australia saw the cost of doing business decrease by 91 basis points to 11.2%. This helped its EBIT rise 33.6% to $523 million, with the EBIT margin improving by 142 basis points to 8.8%.

The Good Guys experienced a reduction of the cost of doing business by 100 basis points to 11.7%, thanks to store wages remaining well controlled. EBIT soared 90.2% with the EBIT margin improving 318 basis points to 7.9%.

The JB Hi-Fi share price has essentially fallen almost 10% since the release of its report and trading update.

If the result showed such strong growth, what was in the trading update?

Trading update

The retailer’s sales for the first month and a half of FY22 were materially stronger than FY20, with each division reporting sales growth of at least 14.8%.

However, compared to FY21, sales were down. JB Hi-Fi Australia sales were down 14.6% and The Good Guys sales were down 8.1%, but JB Hi-Fi New Zealand sales were up 8.4% in New Zealand dollar terms.

Management said it remains an uncertain retail environment, particularly with COVID-19 and the related restrictions. But, the company continues to see heightened customer demand compared to two years ago.

Is the JB Hi-Fi share price good value?

JB Hi-Fi says that it is underpinned by five unique competitive advantages: scale, a low cost operating model, quality store locations, supplier partnerships and multichannel capability.

One of the brokers that has a optimistic price target on JB Hi-Fi is Credit Suisse, with a price target of $53.66. That suggests the broker believes the electronics retailer could see its share price rise almost 20% over the next year, if Credit Suisse is right.

However, the ongoing lockdowns in Australia’s two biggest cities are expected to hurt FY22 revenue with restrictions expected to continue for the rest of the month.

Based on the broker’s numbers, it’s expecting the retailer to pay a grossed-up dividend yield of 6.5%. The JB Hi-Fi share price is valued at 14x FY22’s estimated earnings.

The post The JB Hi-Fi (ASX:JBH) share price is down 9% in a month. Is it a buy? appeared first on The Motley Fool Australia.

More reading

• Got money to invest for dividends? Here are 2 ASX shares that could be buys
• 5 things to watch on the ASX 200 on Friday
• How have ASX retail shares performed during the August 2021 earnings season?
• Why the JB Hi-Fi (ASX:JBH) share price is edging lower today
• 2 ASX dividend shares that just delivered even bigger payouts

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.

from The Motley Fool Australia https://ift.tt/3zgfBA2

The EML Payments Ltd (ASX: EML) share price has been tumbling lately despite no news having been released by the company.

In addition to falling, the financial services company’s stock has been flying off the shelves.

An average month sees around 3.7 million shares in EML Payments swapping hands. However, over the last 6 sessions, more than 15 million have been traded.

At market close, the EML Payments share price is $3.86, 0.26% higher than its previous close and 8.75% lower than it was 6 trading days ago.

Let’s take a look at what might be driving EML Payments’ stock lower lately.

What’s up with EML Payments lately?

The EML Payments share price has had a rough trot lately despite the company maintaining its silence.

In fact, the last time the market heard from EML Payments was when the company released a transcript of its investor briefing on 20 August

So, what might have caused EML Payments’ stock to plunge 9%?

Perhaps it’s being driven down alongside that of its peers on the S&P/ASX All Technology Index (ASX: XTX).

Right now, the All Technology Index is 2.95% lower than it was 6 days ago, having fallen 95.6 points in that time. That’s despite the index’s 0.8% gain today.

Additionally, the company’s high volume of trades suggests it might be being targeted by short sellers.

And, indeed, the Australian Securities and Investments Commission reported that between 3.3% and 3.6% of the company’s outstanding shares were shorted each day between Wednesday and Friday last week.

However, It’s more than possible that the EML Payments share price isn’t being driven down by short sellers. As market watchers know, sometimes there isn’t a particular rhyme or reason as to why a stock gains or falls.

EML Payments share price snapshot

The EML Payments share price’s poor recent performance has added to its woes on the ASX.

Right now, the company’s shares are trading for 9% less than they were at the start of 2021. However, they have gained 28% since this time last year.

The post The EML (ASX:EML) share price has lost 9% in 6 days. What’s happening? appeared first on The Motley Fool Australia.

More reading

• 2 ASX shares that may be worth looking at this weekend
• Here’s why the EML (ASX:EML) share price is up 8% in the last month
• The EML Payments (ASX:EML) share price is rated as a strong buy
• 2 ASX shares rated as strong buys by brokers
• EML (ASX:EML) share price plunges 8% after reporting record results

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. owns shares of and has recommended EML Payments. The Motley Fool Australia owns shares of and has recommended EML Payments. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/2Xlm1kk

The Fortescue Metals Group Limited (ASX: FMG) share price is lingering around year-to-date lows. At around $17.90, Fortescue shares are being wounded by continued weakness in iron ore prices.

The latest iron ore update from Fastmarkets flagged “depressed demand in certain regions of China, where steelmakers are facing energy-consumption and emissions-control measures.”

Iron ore prices continued to post declines on Tuesday, down another 1.75% to US$121.67/t.

The Fortescue Metals share price finished today down 1.44% at $17.82 apiece.

Analysts expect more declines

Analysts from JPMorgan and Westpac both expect iron ore prices to fizzle towards the US$100/t mark, according to the Australian Financial Review (AFR). So, what could this mean for Fortescue shares?

Westpac’s senior economist, Justin Smirk, flagged that China’s iron ore demand may weaken leading into its Beijing Winter Olympic Games.

We’ve been here before with China trying to ensure blue skies leading into the 2008 Beijing Summer Olympics where we saw iron ore prices pull back quite a lot.

We are going to get more bouts of volatility heading into the blue skies period which will result in more mill closures in the fourth quarter this year.

Westpac lowered its year-end iron ore price forecast from US$175/t to US$125/t. It downgraded its year-end 2022 forecast from US$110/t to US$100/t.

JP Morgan was also concerned about China’s weak demand. That’s after its “steel production turned negative” in the second half of 2021.

“Following the typical June peak, it is normal to see a seasonal downturn into July and August. However, the drop appears to be related to general economic weakness, exacerbated by tightening pollutions controls, and relatively low steel mill profitability,” said Lyndon Fagan, a research analyst at JPMorgan.

The broker lowered its 2021 iron ore price forecast from US$181/t to US$165/t. It cut its 2022 projections from US$150/t to US$125/t.

Fortescue share price snapshot

The Fortescue share price is down 24% year to date and up just 0.68% in the last 12 months.

The post Fortescue (ASX:FMG) share price at year-to-date lows, analysts slash iron ore forecasts appeared first on The Motley Fool Australia.

More reading

• The Fortescue (ASX:FMG) share price is down 31% in 7 weeks. What’s next?
• Leading brokers name 3 ASX shares to sell today
• The latest ASX 200 mining shares to get hit by broker downgrade
• How have these ASX 200 iron ore shares performed since reporting results?
• Fortescue (ASX:FMG) share price struggles amid new production curbs in China

Motley Fool contributor Kerry Sun 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.

from The Motley Fool Australia https://ift.tt/3AgMFtg

The Qantas Airways Ltd (ASX: QAN) share price finished Wednesday’s trading session flat after spending the morning in the red. The late afternoon gains came as several media outlets reported the airline operator is set to resume international flights.

At the closing bell, Qantas shares ended the day unchanged at $5.43 apiece.

Qantas prepares for take-off

Investors appear buoyant on the quick recovery of the travel market, sending Qantas shares higher today.

The company is relaunching its first commercial international flights in mid-December to several popular destinations from Sydney, Melbourne and Brisbane.

On December 18, services to London, Los Angeles, Singapore, Vancouver will operate pending border openings.

In the following days, more scheduled flights will follow to Tokyo, Hawaii and Fiji. Furthermore, New Zealand routes are expected to restart before Christmas.

It is a massive positive sign for Qantas should the Australian federal government give the green light.

Previously, Qantas CEO Alan Joyce advised that only fully vaccinated passengers will be allowed to take off on the flying kangaroo. However, evidence of a negative PCR COVID-19 test may also be required for some destinations within 72 hours of boarding.

The international travel plan is based on the Australian population reaching an 80% vaccination target. On current projections, the population is estimated to hit this level by 15 November.

In the past week alone, almost 1 million Australians received the COVID-19 jab, reflecting a strong up-take.

While this is great news for Qantas, there still remain questions regarding hotel quarantine for passengers coming to and from Australia. The company noted that customers would be more accepting of home quarantine when flying as opposed to the expensive hotel option.

Qantas share price snapshot

Over the past 12 months, Qantas shares have travelled almost 40% higher with year-to-date up around 12%. However, this could significantly change in the coming weeks should Australia’s travel sector reopen.

Qantas commands a market capitalisation of roughly $10.2 billion with more than 1.8 billion shares on its registry.

The post Qantas (ASX:QAN) share price reverses day’s losses as first international flights scheduled appeared first on The Motley Fool Australia.

More reading

• Qantas (ASX:QAN) share price slips as buyers line up for land package
• Lithium surge, Sydney Airport takeover, ACCC torches Qantas deal. Scott Phillips on Nine’s Late News
• ASX 200 (ASX:XJO) midday update: Sydney Airport jumps, Qantas falls
• Qantas (ASX:QAN) share price down after major blow from ACCC
• Qantas (ASX:QAN) share price gains amid new domestic flight offering

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.

from The Motley Fool Australia https://ift.tt/395C0p8

The Alumina Ltd (ASX: AWC) share price has been outpaced by its ASX benchmarks over the last few weeks.

Whereas the S&P/ASX 200 Index (ASX: XJO) has slipped 2.6% into the red over the last month, Alumina shares have soared 19% in September alone and now trade at $2.12.

Let’s investigate further.

What’s fuelling the Alumina share price lately?

We can break the catalysts driving Alumina’s share price down into two segments.

The Alumina share price has been on the move since the company reported its FY21 earnings last month. Prior to this, it was trading sideways with lacklustre results.

In its earnings report, the company realised record production of 6.4 million tonnes and a higher realised price per tonne, despite lower profits year on year.

Alumina’s shares immediately gained some traction and started to march northwards in the days after its FY21 earnings release.

Let’s not forget aluminium prices

One other factor driving the Alumina share price stems from the relationship Alumina has with the underlying commodities it deals in.

Given Alumina is an ASX resources share that produces commodities, it is considered a price taker. As such, its share price will fluctuate with volatility in the broader commodity markets.

Alumina has a 40% stake in Alcoa World Alumina and Chemicals (AWAC), considered the largest aluminium venture in the western world.

The price of aluminium has been on an extended rally this year to date, having climbed 44% since January. Recently, Aluminium futures kissed US$3000/Tonne (T) for the first time since 2008.

Aluminium now trades at US$2,875/T, having climbed from US$2,706 since the beginning of September – a US$169/T increase in 2 weeks.

Because Alumina’s share price is sensitive to the price of aluminium, we can expect some reaction to the price rise.

What’s more, there is generally a lag in the relationship, from a few days to a few weeks.

Looking at the aluminium price chart, we can see it made a rapid move from US$2,535 to its 5-year high starting on 19 August.

Cross-referencing with Alumina’s chart, we can see it began to climb at pace from $1.67 on 27 August, eight days after the price action in the aluminium markets.

Considering the company’s record FY21 production and the unique relationship of its share price to the underlying commodities markets, it makes sense that Alumina’s shares have climbed almost 20% since September.

Alumina share price snapshot

The Alumina share price has climbed 15.5% this year to date, extending the return over the past 12 months to 42%.

These results have outpaced the broad index’s return of around 25% over the past year.

The post Alumina (ASX:AWC) share price cools off but it’s up 19% in September. Here’s why appeared first on The Motley Fool Australia.

More reading

• Here are 2 ASX mining shares up 25% in the past month
• Here are the 3 heaviest trading ASX 200 shares on Monday
• These were the best performing ASX 200 (ASX:XJO) shares last week
• Here are the 3 heaviest traded ASX 200 shares this Friday
• Here are the top 10 ASX 200 shares on Friday

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.

from The Motley Fool Australia https://ift.tt/3Ek4NVd

The Nearmap Ltd (ASX: NEA) share price was out of form on Wednesday despite a promising announcement.

The aerial imagery technology and location data company’s shares ended the day 1% lower at $1.92.

What did Nearmap announce?

This morning Nearmap announced the Australian launch of its powerful tool: Nearmap ImpactResponse.

The company notes that communities and organisations are often overwhelmed and overstretched following natural disasters and weather catastrophes. This includes facing barriers such as limited ground/road access.

In response to this, the company is launching Nearmap ImpactResponse. This product includes aerial imagery, location data, and geospatial tools to allow organisations to better assess damage, plan a disaster response, and manage rebuilding and recovery efforts.

It notes that insurers will also be equipped with the best possible property data and intelligence to deliver a quick and effective claims response, to support customers when they need it most.

This will be achieved by Nearmap aiming to be one of the first organisations to fly and capture aerial imagery of communities affected by natural disasters. By doing so, it expects this powerful city-wide data will be available within days of each event to better support recovery efforts.

Management commentary

Nearmap’s Managing Director and Chief Executive Officer, Dr Rob Newman, said: “Our customers have told us aerial imagery, location intelligence and geospatial tools enable them to rapidly assess and understand the situation on the ground following natural disasters, at a time when ground access is limited, and inspection resources are stretched. At these critical times, Nearmap ImpactResponse equips organisations with another powerful first line of response following natural disasters.”

“Nearmap teams work hard to provide the largest post-catastrophe coverage footprint in Australia. Nearmap has committed to cover an extra ~15,000 sq km of disaster-affected territory outside and above our regularly scheduled capture program which covers more than 90% of the Australian population,” he added.

The Nearmap share price is down 15% year to date.

The post Nearmap (ASX:NEA) share price lower despite new product announcement appeared first on The Motley Fool Australia.

More reading

• 2 buy and hold ASX shares that could help grow your wealth
• 3 growing mid cap ASX shares named as buys
• Top broker names Nearmap (ASX:NEA) share price as a buy
• 2 excellent ASX growth shares
• Which ASX companies are the top movers in the ASX 300 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. owns shares of and has recommended Nearmap Ltd. The Motley Fool Australia owns shares of and has recommended Nearmap Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/3ltkK2Q

The Bannerman Energy Ltd (ASX: BMN) share price has finished the day up more than 22% on yesterday’s closing price.

It’s pumped the uranium company’s shares more than 60% higher for the week.

Let’s take a look at what’s been fuelling the Bannerman share price.

Soaring uranium prices propel Bannerman share price

Bannerman has not released any price-sensitive news today, or within the past week, to explain the demand for its shares.

Instead, the euphoric price action can be traced to a single catalyst.

After being in a prolonged bear market, uranium spot prices have soared to 6 year highs.

Aggressive buying of the world’s largest uranium fund, Sprott Physical Uranium Trust (SPUT), has fuelled uranium stock prices.

Since mid-August, SPUT has acquired approximately 900,000 pounds in physical uranium.

As a result, shares in Bannerman have benefited from the strength of its underlying commodity.

The company recently addressed this momentum in a market presentation last week.

More on Bannerman

Bannerman Energy is an Australian and Namibian listed uranium development company.

The company’s flagship Etango Uranium Project is located in the Erongo Region of Namibia.

The last piece of price-sensitive news from Bannerman was in early August when the company released feasibility study results for its Entango-8 project.

According to the study, the site has strong technical and economic viability.

In addition, Bannerman highlighted that the reserve holds 117.6 million tonnes at 232 parts-per-million uranium, for 60.3 million pounds of uranium.

As a result, the company noted a post-tax net present value (NPV) of US$222 million at a potential US$65 per pound of uranium.

Snapshot of the Bannerman share price

The Bannerman share price has gone ballistic in 2021. Since the start of the year, shares in the mining explorer have soared more than 275%.

Shares in Bannerman closed the day at 38 cents, a gain of 22.58%.

The post Bannerman Energy (ASX:BMN) share price leaps 22%, up 60% in a week. Here’s why appeared first on The Motley Fool Australia.

More reading

• Here’s why the Bannerman Energy (ASX:BMN) share price has surged 37% in a week

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. 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.

from The Motley Fool Australia https://ift.tt/3zaxy31

At the small end of the Australian share market, there are a number of companies with the potential to grow materially in the future.

Two that investors may want to get better acquainted with are listed below. Here’s what you need to know about them:

Alcidion Group Ltd (ASX: ALC)

The first small cap ASX share to watch is this growing informatics solutions company. It is the company behind healthcare software products Miya, Patientrack and Smartpage.

The increasingly popular Patientrack product helps clinicians know a patient’s status in real-time. It uses predictive algorithms to support time-critical care, allowing doctors to intervene and prevent patient deterioration faster than ever before.

Thanks to its software, the shift to a paperless environment in the healthcare sector, and a number of favourable industry tailwinds, Alcidion has been tipped to grow strongly in the coming years.

The team at Bell Potter, for example, are confident in the company’s outlook. As a result, the broker has a buy rating and 45 cents price target on its shares.

Whispir Ltd (ASX: WSP)

Another small cap ASX share to watch is Whispir. It is a software-as-a-service company that provides a communications workflow platform automating interactions between organisations and people.

The company notes that its offering enables organisations to improve their communications through automated workflows to ensure stakeholders receive accurate, timely, useful and actionable insights. Demand has been growing strongly, leading to stellar recurring revenue growth.

For example, in August the company released its full year results and revealed a 28.5% increase in annualised recurring revenue to $53.6 million.

Positively, this is still only a small fraction of its total addressable market which is estimated to be US$8 billion.

The team at Ord Minnett are very positive on Whispir’s future. So much so, last month they put a buy rating and lofty $3.89 price target on its shares. This is materially higher than where the Whispir share price currently trades.

The post 2 small cap ASX shares rated as buys appeared first on The Motley Fool Australia.

More reading

• 3 growing small cap ASX shares to watch
• 3 small cap ASX shares to watch
• 3 exciting small cap ASX shares to watch closely
• Here’s why the Whispir (ASX:WSP) share price surged 9% today
• Whispir (ASX:WSP) share price up 6% on solid FY21 result

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

from The Motley Fool Australia https://ift.tt/394H0dM

Today, the S&P/ASX 200 Index (ASX: XJO) slipped lower on weakness in energy and mining shares. The benchmark index moved 0.27% lower to 7,417 points.

While it wasn’t quite the day for some sectors, healthcare, tech, and real estate performed solidly.

The question is: which shares delivered the heftiest gains 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, Pilbara Minerals Ltd (ASX: PLS) was the biggest gainer today. Shares in the lithium producer rallied 7.74% after reporting strong interest at its lithium spodumene concentrate auction yesterday afternoon. Find out more about Pilbara Minerals here.

The next biggest gaining ASX share today was Breville Group Ltd (ASX: BRG). The appliance maker’s shares rose 4.17% to $30.51 despite no news. Uncover the latest Breville details here.

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

ASX-listed company	Share price	Price change
Pilbara Minerals Ltd (ASX: PLS)	$2.435	7.74%
Breville Group Ltd (ASX: BRG)	$30.51	4.17%
Stockland (ASX: SGP)	$4.71	3.74%
Perseus Mining Ltd (ASX: PRU)	$1.555	3.67%
WiseTech Global Ltd (ASX: WTC)	$51.40	3.03%
Super Retail Group Ltd (ASX: SUL)	$12.33	2.84%
Technology One Ltd (ASX: TNE)	$11.805	2.47%
Cochlear Ltd (ASX: COH)	$235.51	2.40%
Yancoal Australia Ltd (ASX: YAL)	$2.57	2.39%
Altium Ltd (ASX: ALU)	$34.60	2.28%

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

• Top brokers name 3 ASX shares to buy today
• There are the 3 most traded ASX 200 shares so far today
• Why Accent, Calix, Pilbara Minerals, & Starpharma shares are racing higher
• Which ASX 300 shares are on the move mid-week?
• ASX 200 midday update: Pilbara Minerals jumps, bank shares fall

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. owns shares of and has recommended Altium, Cochlear Ltd., Super Retail Group Limited, and WiseTech Global. The Motley Fool Australia owns shares of and has recommended Altium, Super Retail Group Limited, and WiseTech Global. The Motley Fool Australia has recommended Cochlear Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/395M8hR