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The BHP Group Ltd (ASX: BHP) share price has been among the worst performers on the S&P/ASX 200 Index (ASX: XJO) over the last month.

During this time the mining giant’s shares have lost 20% of their value.

Is the weakness in the BHP share price a buying opportunity?

The good news for investors looking for options in the resources sector is that the team at Macquarie Group Ltd (ASX: MQG) believe the BHP share price is in the buy zone after this decline.

According to a note out of the investment bank this week, its analysts have retained their outperform rating and lifted their price target on the company’s shares to $55.00.

Based on the latest BHP share price of $41.73, this price target implies potential upside of 32% over the next 12 months before dividends.

And if you include the $3.60 per share fully franked dividend that Macquarie expects BHP to pay in FY 2022, this potential return increases to ~41%.

What did the broker say?

Macquarie’s most recent note focuses on the Jansen potash project, which has just been formally approved by management.

The broker believes this is just the start of a much larger commitment to the potash market. Which is a positive in Macquarie’s eyes. This is due to its positive view on the outlook for potash demand and pricing over the medium term.

Outside this, the broker has recently upgraded its oil and gas forecasts on the belief that prices will be supported by a longer than expected economic cycle.

And while its analysts acknowledge that BHP is merging its oil and gas operations with Woodside Petroleum Limited (ASX: WPL), it remains relevant as shareholders will own a slice of the new entity.

Overall, the broker doesn’t appear concerned by the recent pullback in iron ore prices and continues to forecast strong free cash flow and dividends in the coming years.

For this reason, it believes the BHP share price is good value at the current level.

The post The BHP (ASX:BHP) share price is worth $55 according to Macquarie appeared first on The Motley Fool Australia.

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• Is worst over for ASX gold shares as Macquarie upgrades sector?
• Macquarie (ASX:MQG) share price struggles amid broker sell rating
• Top brokers name 3 ASX shares to sell next week
• September is not being kind to the BHP (ASX:BHP) share price

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and 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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Pilbara Minerals Ltd (ASX: PLS) may need to watch out, there are plans for another lithium share to hit the ASX called Green Technology Metals.

Pilbara is one of the biggest lithium miners on the ASX with a market capitalisation of $6.45 billion. It has been an extraordinary 12 months for the company – it has risen by just over 600%.

It isn’t the only one. Another of the other major lithium miners is Orocobre Limited (ASX: ORE), which has gone up 257% in the last year. Orocobre now has a market capitalisation of $5.86 billion.

But there are other, smaller players wanting to cash in on the huge rush for lithium and lithium companies.

Last week my colleague Brooke Cooper covered 10 upcoming ASX floats in the battery and electrification sector. Some of those included Li-S Energy Limited, Dalaroo Metals Ltd, Recharge Metals Limited and C29 Metals.

However, there’s another potential lithium player wanting to join Pilbara Minerals and others on the ASX with an initial public offering (IPO).

Green Technology Metals

According to reporting by the Australian Financial Review, the new prospective ASX lithium share is called Green Technology Metals, which is planning to raise up to $24 million in an IPO.

This offer is going to be priced at $0.25 per share and the business will list with a market capitalisation of up to $49.4 million.

What is it going to use the money for?  

The business currently plans to use that capital to fund its exploration drilling and also buy 80% of the Ontario Lithium Project in the Quebec region of Canada according to the AFR.

But that isn’t the company’s sole asset. It also has deposits called Root and Wisa.

It was reported that all of the company’s tenements have “lithium bearing pegmatites within the ‘Goldilocks Lithium Zone’ and numerous mapped pegmatites untested at depth and 1 kilometre to 5km strike extensions, partially covered.”

Leadership

There is actually a Pilbara Minerals connection with the current leadership team. The Pilbara Minerals co-founder John Young is reportedly involved with Green Technology Metals as its chair. The AFR also reported that Luke Cox will be the CEO, who is a geologist and former mine manager. Other members of the board include Cameron Henry and Patrick Murphy.

It will be interesting to see how the company performs if and when it makes it onto the ASX to become part of the listed lithium sector.

The post Look out Pilbara Minerals (ASX:PLS). Another new lithium share is about to hit the ASX appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Wednesday
• 2 ASX 200 (ASX:XJO) shares that analysts love
• Is the Corporate Travel (ASX:CTD) share price a buy right now?
• ASX 200 rises, Zip falls, Brambles sinks
• PPK (ASX:PPK) share price storms 9% higher to an all-time high

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

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On Tuesday the S&P/ASX 200 Index (ASX: XJO) fought back from an early decline to finish the day marginally higher. The benchmark index rose 0.15% to 7,437.3 points.

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

ASX 200 expected to fall

The Australian share market is expected to drop on Wednesday. According to the latest SPI futures, the ASX 200 is expected to open the day 34 points or 0.45% lower this morning. This follows a disappointing night of trade on Wall Street, which saw the Dow Jones fall 0.85%, the S&P 500 drop 0.6%, and the Nasdaq fall 0.45%.

South32 shares given buy rating

The South32 Ltd (ASX: S32) share price could still be in the buy zone despite rallying 36% higher in 2021. According to a note out of Goldman Sachs, it has retained its conviction buy rating and lifted its price target on the mining giant’s shares to $3.80. The broker made the move on higher coal prices. It also likes South32 due to its exposure to aluminium.

Oil prices mixed

Energy producers Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) will be on watch after a mixed night for oil prices. According to Bloomberg, the WTI crude oil price is down 0.1% to US$70.37 a barrel and the Brent crude oil price is up 0.1% to US$73.58 a barrel. This is despite another tropical storm expected to hit US production areas this week.

Shares going ex-dividend

The shares of contractor CIMIC Group Ltd (ASX: CIM) and horticulture company Costa Group Holdings Ltd (ASX: CGC) could trade lower this morning when they go ex-dividend. CIMIC is paying shareholders a partially franked 42 cents per share dividend, whereas Costa is paying its shareholders a 4 cents per share fully franked dividend. Both dividends will be paid on 7 October.

Gold price rises

Gold miners Evolution Mining Ltd (ASX: EVN) and Newcrest Mining Limited (ASX: NCM) could have a good day after the gold price pushed higher. According to CNBC, the spot gold price is up 0.7% to US$1,807.10 an ounce. The gold price pushed higher after US inflation data fell short of expectations.

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

More reading

• ASX 200 rises, Zip falls, Brambles sinks
• Here are the top 10 ASX shares today
• Here are the 3 most heavily traded ASX 200 shares so far today
• The Newcrest Mining (ASX:NCM) share price is down 4% since reporting
• Why the Woodside (ASX:WPL) share price is leaping 6% 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 owns shares of and has recommended COSTA GRP FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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If you’re looking for S&P/ASX 200 Index (ASX: XJO) shares to buy, then you may want to consider the two listed below.

Here’s why these ASX 200 shares have been named as buys:

Goodman Group (ASX: GMG)

The first ASX 200 share to consider is Goodman Group. It is an integrated property company with operations across the world. It currently has $57.9 billion of assets under management, 363 properties, and over 1,600 customers.

The team at Bell Potter are positive on the company and are forecasting solid growth over the coming years.

In response to its results last month, Bell Potter commented: “GMG’s FY21 EPS was +2% above guidance and +1%/+0.5% above consensus/Citi, with the beat vs our estimate driven by higher investment income and lower interest expense/tax. FY22 EPS guidance was introduced at 10% growth or 72.2c, -2% below consensus and -3.5% below our prior estimate. However, we see upside to guidance and the share price, and re-iterate our Buy rating.”

The broker has a buy rating and $26.00 price target on its shares. This compares to the current Goodman share price of $22.51.

Orocobre Limited (ASX: ORE)

Another ASX 200 share to consider is this lithium miner. It could be a top option for investors looking for exposure to the clean energy/electric vehicle thematic.

Analysts at Citi remain very bullish on the company’s shares despite their strong gain this year.

Citi commented: “While we acknowledge the strong Orocobre share price performance (almost doubled YTD), we believe ORE is well positioned to capitalise on current positive macro dynamics of lithium markets via 1) strong growth pipeline with sufficient balance sheet headroom (total available liquidity of US$511m) to pursue projects in parallel and 2) improving product mix with 50% of FY22 Olaroz production to be battery grade, CY22 commissioning of Naraha hydroxide plant and Mt Cattlin leveraged to strong spot spodumene pricing.”

Citi has a buy rating and $10.50 price target on the lithium miner’s shares. As a comparison, the Orocobre share price closed the day at $9.56.

The post 2 ASX 200 (ASX:XJO) shares that analysts love appeared first on The Motley Fool Australia.

More reading

• Why is the ASX share market down today?
• Is the party only just getting started for ASX lithium shares?
• 2 fantastic blue chip ASX 200 (ASX:XJO) shares to buy in September
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Motley Fool contributor James Mickleboro owns shares of Orocobre Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has 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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Could the Corporate Travel Management Ltd (ASX: CTD) share price be worth considering? It has already risen by 28% in the 2021 calendar year to date.

What has been driving the Corporate Travel share price?

COVID-19 has had an outsized impact on ASX travel shares since early 2020.

Corporate Travel saw its shares drop around 75% from the middle of January 2020 to the bottom of the COVID-19 crash.

There was a large decline of demand and volume in 2020 because of the travel restrictions and various COVID impacts.

But now the business is starting to see a recovery.

The business reported that it saw a rapid return to positive underlying earnings before interest, tax, depreciation and amortisation (EBITDA) in the fourth quarter of the 2021 financial year, led by the company’s increasing exposure to North America and Europe which are seeing a return of corporate travel.

The regions of North America and Europe currently generate close to 80% of group revenue, compared to 72% of pre-COVID pro forma 2019 revenue.

The Corporate Travel share price has risen around 3% since the release of the FY21 result. FY21 total transaction value (TTV) was down 65% compared to FY20 (where at least half the year was unaffected by COVID-19). Underlying net profit after tax (NPAT) fell 218% to a loss of $33 million, whilst statutory net profit sank 445% to a loss of $57.8 million

Corporate Travel disclosed that whilst the total FY21 underlying EBITDA was a loss of $7.2 million for the full year, it actually generated $13.6 million of positive EBITDA, which was $19.1 million stronger than the previous quarter.

Management are so confident about the recovery of the business, its cash flow and balance sheet that it’s targeting a return to dividend payments in the 2022 calendar year.

The ASX travel share believes it will be a much larger business when COVID travel restrictions end, particularly after its acquisition of Travel & Transport last year.

FY22 outlook

At the end of FY21, Corporate Travel had $99 million of cash. It continues to assess potential acquisition opportunities that would support its global strategy.

In the first quarter of FY22, Corporate Travel is expecting continued positive underlying EBITDA, despite typically being the softest quarter. July delivered a record revenue result since the onset of COVID-19.

Corporate Travel is expecting growing EBITDA in the second quarter of FY22 as the northern hemisphere returns to offices after the summer holiday period.

The FY22 second half is expected to be generate more of the financial year’s profit because of the rapid recovery in the northern hemisphere. It’s also expecting the lucrative trans-Atlantic travel as well as regional Europe travel to open further. Vaccinations should also allow for a more predictable and “sustainably strong” Australian domestic travel environment.

Is the Corporate Travel share price a buy?

The broker Citi thinks it is worth looking at, rating it as a buy. Citi’s price target for Corporate Travel shares is $26.06, which suggests that the Corporate Travel share price could rise by around 20% over the next 12 months.

One of the positives for the broker was its increasing market share in key markets.

On Citi’s numbers, Corporate Travel shares are valued at 22x FY23’s estimated earnings.

The post Is the Corporate Travel (ASX:CTD) share price a buy right now? appeared first on The Motley Fool Australia.

More reading

• 2 COVID-hit ASX shares that could be buys now
• 2 top ASX growth shares that could be buys
• Corporate Travel (ASX: CTD) share price lifts on FY21 earnings
• How did the Corporate Travel (ASX:CTD) share price respond last earnings season?

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 owns shares of and has recommended Corporate Travel Management 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 S&P/ASX 200 Index (ASX: XJO) went up by 0.2% today to 7,443 points.

Here are some of the highlights from the ASX:

Brambles Limited (ASX: BXB)

The Brambles share price was the worst performer in the ASX 200 today, falling by over 9%.

It gave an investor briefing presentation yesterday after the market had closed. Today was the first time investors were able to react to that update.

The logistics company outlined how it was expecting its revenue and underlying profit to grow over the next few financial years. It said that in FY22 it’s expecting revenue to grew by between 5% to 6%, whilst underlying profit was expected to increase by only 1% to 2%.

The FY22 profit growth includes the spending of around $50 million on short-term “transformational costs”. It also said that its underlying effective tax rate is expected to increase by around 1.5 percentage points, driven by the expected impact of increases in the US, UK and Spanish tax rates.

This transformation is then expected to drive sustained high single digit underlying profit growth from FY23 onwards for the ASX 200 share. Profit is expected to be driven by mid single-digit sales growth with pricing initiatives and volume growth across all segments support underlying profit growth and earnings leverage. FY24 and FY25 are expected to have no short-term transformation costs.

FY22 free cashflow is expected to be an outflow of around US$200 million because of the reversal of US$215 million of FY21 timing benefits. Excluding those timing benefits, free cash flow generation in the year is expected to fully fund the capital expenditure (including transformation investments) and dividends.

Zip Co Ltd (ASX: Z1P)

Another business in the ASX 200 that saw a decline was Zip, its share price dropped around 2.5% after releasing an investor presentation.

The buy now, pay later business outlined to investors how it had performed in FY21 and its plans for the future.

It told investors that it’s going to launch savings accounts and rewards for people utilising Zip. The company said that its ‘Zip Card’ will make the in-store shopping experience easier and it would come with rewards such as up to 3% cashback every time the card is used in-store.

Another headline-grabber was the news that Zip will allow people to buy, hold, sell and pay with crypto. This will also come with ‘crypto rewards’ for paying with crypto.

Zip also plans to help shoppers with its shopping assistant, which will enable people to find discounts and find better deals.

Another area that Zip is working on is long duration payments. In the presentation it showed an example of six-month and twelve-month options for paying.

Westpac Banking Corp (ASX: WBC) and Kina Securities Ltd (ASX: KSL)

ASX 200 bank Westpac saw its share price rise 0.3% today, whilst the Kina Securities share price fell 5.6%.

Westpac has been trying to sell two of its Pacific businesses to Kina. Specifically, the big four bank had entered into an agreement to sell Westpac Fiji and its 89.91% stake of Westpac Bank PNG to Kina.

But, the Papua New Guinea Independent Consumer and Competition Commission (ICCC) has released a final determination, confirming that it has denied authorisation for the sale.

Kina disclosed that the ICCC isn’t convinced the sale won’t substantially lessen competition in the PNG markets. The ICCC also said that it wasn’t convinced the sale would benefit the public.

Kina said it’s assessing the implications of the decision and is considering its options. Westpac stated it will continue to operate these businesses while it reviews the impact on the sale to Kina Bank.

The post ASX 200 rises, Zip falls, Brambles sinks appeared first on The Motley Fool Australia.

More reading

• Here are the top 10 ASX shares today
• Here are the 3 most heavily traded ASX 200 shares so far today
• Why Australian Ethical, Brambles, Novonix, & Zip shares are tumbling lower
• Leading brokers name 3 ASX shares to sell today
• The latest ASX 200 mining shares to get hit by broker downgrade

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended ZIPCOLTD FPO. 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 PPK Group Limited (ASX: PPK) share price rose to a record high during late afternoon trade. This comes as the company announced an update in relation to the proposed listing of Li-S Energy Limited (LiS).

At the closing bell, PPK shares finished the day up 9.45% to $21.89. This was just shy of its all-time high of $21.92 reached earlier on.

What did PPK announce?

Investors are fighting to get a hold of PPK shares following the company’s latest approval.

According to the release, PPK advised its 48.5% owned subsidiary LiS has received conditional listing approval from ASX. One of the remaining conditions is receipt by LiS of the remaining escrow deeds for particular classes of existing securities.

A common step in connection with a new listing on the ASX, which requires the securities to be placed into escrow for either 12 or 24 months.

LiS is seeking to launch a $34 million initial public offering to commercialise a new generation of high-performance batteries. Approximately 40 million shares are expected to be issued at a price of 85 cents apiece.

The company uses Boron Nitride Nanotubes (BNNT) technology, which allows lithium-sulphur batteries to hold a significantly higher energy capacity than existing lithium-ion batteries.

Li-S holds key patents covering the function of BNNT to create large scale manufacturing of lithium-sulphur batteries.

Over the coming years, Li-S plans to finalise the design and scale up production of the new batteries. Such applications include charging an electric vehicle after 1,000 kilometres of driving, off-grid solar/battery street lighting and more.

Post the capital raising, PPK will increase its stake in LiS to a 50.12% direct and indirect holding.

PPK share price summary

It has been 12 months for PPK investors, watching their wealth grow over 430% in the period. Year-to-date has also been just as impressive, accelerating to gains by more than 275%.

Based on today’s price, PPK commands a market capitalisation of roughly $1.93 billion and has around 89 million shares outstanding.

The post PPK (ASX:PPK) share price storms 9% higher to an all-time high appeared first on The Motley Fool Australia.

More reading

• Which ASX 300 shares are making headlines on Thursday?
• These were the best ASX All Ordinaries performers in August
• PPK (ASX:PPK) share price up 52% in a month despite Li-S Energy IPO hurdles
• Who’s starting the week off as the biggest mover on the ASX 300 today?

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

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The Uniti Group Ltd (ASX: UWL) share price had a volatile end to the trading session on Tuesday.

The telecommunications services provider’s shares crashed as much as 17% in late trade to $3.42.

However, the Uniti share price soon rebounded to be down 5% to $3.90 before being placed into a trading halt.

Why is the Uniti share price sinking?

Investors were selling down the Uniti share price this afternoon after it emerged that its Executive Director, Vaughan Bowen, has appeared in court accused of insider selling. This was prior to his time with Uniti.

As we covered here, Mr Bowen allegedly sold $25.7 million worth of Vocus shares in 2019 while possessing inside information.

The Australian Securities and Investments Commission (ASIC) alleges that Uniti’s Executive Director, who was the Vocus Chair at the time, sold 5,617,554 Vocus shares on 4 June 2019.

After a relatively flat day on 4 June, the telco’s shares crashed lower a day later after EQT Infrastructure IV Fund withdrew from takeover talks. ASIC alleges that Bowen knew that the takeover discussions were over when he sold his shares, saving him ~$4.5 million.

Why did Uniti request a trading halt?

Management requested that the Uniti share price be put in a halt this afternoon so that it could respond to the news.

Its trading halt request was: “To enable an orderly release of information regarding an announcement regarding a member of the executive team in response to media activity.”

The company confirmed that it expects the announcement to be made “no later than commencement of trading on Wednesday 15 September 2021.”

All eyes will be on the Uniti share price when that announcement is made. Year to date, the company’s shares are up an impressive 123%.

The post Why the Uniti (ASX:UWL) share price crashed 17% on Tuesday appeared first on The Motley Fool Australia.

More reading

• 5 ASX shares under $10 that have more than doubled in the past year
• 4 ASX shares to hold for 5 years
• Here are the top 10 ASX 200 shares on Tuesday
• Why HUB24, MNF, Nanosonics, & Uniti shares are surging higher
• Which ASX 300 shares are the biggest winners and losers on Tuesday?

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 Uniti 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 Metal Hawk Ltd (ASX: MHK) share price has continued its trail-blaze into the green and finished the session on Tuesday changing hands at 67.5 cents. That’s a 265% gain on the day.

After a price-sensitive announcement earlier this morning, the company went into a requested trading halt just before lunch.

When its trading halt was lifted, Metal Hawk’s shares gained further momentum as the company released two additional announcements this afternoon. At one stage today the shares were up around 300% to 75 cents.

Let’s investigate further.

What else did Metal Hawk announce today?

The Metal Hawk share price was already on the way up today after the company announced a “massive” nickel discovery at its Berehaven Nickel project.

The discovery was made via the maiden reverse circulation (RC) drilling program at the site, and diamond drilling is now set to take place.

Given the recent rally in the spot price of nickel, it makes sense why the Metal Hawk share price came on investors’ radar.

However, since then, and after a brief pause in trading, Metal Hawk gave an update on its “massive” nickel find.

In a secondary release, the company gave additional colour on the nature, type, and abundance of nickel observed.

Then a short time later Metal Hawk announced it had issued an additional 200,000 fully paid ordinary shares at a “deemed issue price of 22.5 cents per share”, in relation to the purchase of the Snake Hill tenement.

Metal Hawk first announced the Snake Hill acquisition late last month, to fully consolidate the Berehaven project, alongside the purchase sum in shares. So it appears that today was just when the exchange happened.

These announcements appear to have had a material outcome on the Metal Hawk share price, alongside the “massive” nickel discovery.

Metal Hawk share price snapshot

The Metal Hawk share price has earned most of its gains this year in one session today.

Prior to today’s announcement, it was trading flat at an average of around 20 cents a share. Now, it’s well ahead of the S&P/ASX 200 index (ASX: XJO) over the last week.

The post Metal Hawk (ASX:MHK) share price closes 265% higher on action-packed day appeared first on The Motley Fool Australia.

More reading

• Metal Hawk (ASX:MHK) share price explodes 256% on huge nickel discovery

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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Today, the S&P/ASX 200 Index (ASX: XJO) rallied higher on the back of dovish comments from the governor of the Reserve Bank. The benchmark index moved 0.16% higher to 7,437.3 points.

Shares in the energy sector blitzed other sectors, with many companies with oil production exposure climbing in excess of 5% today.

The question is: which shares delivered the most generously 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, Beach Energy Ltd (ASX: BPT) was the biggest gainer today. Shares in the oil-producing company increased 7.21% following a jump in oil prices. Find out more about Beach Energy here.

The next biggest gaining ASX share today was Altium Ltd (ASX: ALU). The software company rose 6.27% to $33.89 despite no news. Uncover the latest Altium details here.

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

ASX-listed company	Share price	Price change
Beach Energy Ltd (ASX: BPT)	$1.115	7.21%
Altium Ltd (ASX: ALU)	$33.89	6.27%
Woodside Petroleum Ltd (ASX: WPL)	$20.73	5.82%
Chalice Mining Ltd (ASX: CHN)	$7.42	5.70%
Oil Search Ltd (ASX: OSH)	$3.925	4.95%
Santos Ltd (ASX: STO)	$6.46	4.70%
CSR Ltd (ASX: CSR)	$5.865	4.55%
AGL Energy Ltd (ASX: AGL)	$6.32	4.12%
Orocobre Ltd (ASX: ORE)	$9.52	3.37%
Eagers Automotive Ltd (ASX: APE)	$15.96	3.30%

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

• Here are the 3 most heavily traded ASX 200 shares so far today
• Why the Woodside (ASX:WPL) share price is leaping 6% today
• Why Adairs, Beach, Catapult, & Myer shares are charging higher
• The latest ASX 200 mining shares to get hit by broker downgrade
• Which ASX 300 shares are the biggest winners and losers today?

Motley Fool contributor Mitchell Lawler owns shares of CSR Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Altium. The Motley Fool Australia owns shares of and has recommended Altium. 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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