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The S&P/ASX 200 Index (ASX: XJO) had a rather positive day on Monday, closing the session at 7,425.2 points, up 0.25% for the day.

But let’s get away from those uninspiring numbers and, instead, check out which ASX 200 shares have been topping the charts today in terms of raw trading volume.

The 3 heaviest trading ASX 200 shares this Monday

Alumina Ltd (ASX: AWC)

ASX 200 resources share Alumina is our first ASX share up today. This aluminium producer has seen a healthy 16.72 million of its shares trade today. This appears to be a result of what has happened with the Alumina share price today, seeing as there were no major news or announcements out of the company.

Alumina shares finished up a robust 1.83% to $2.22 a share. But the company took a big dive around midday, going as low as $2.16 a share before recovering. It’s probably a result of this volatility that we saw so many Alumina shares bouncing around today,

Sydney Airport Holdings Pty Ltd (ASX: SYD)

Sydney Airport is probably the ASX star of the show today. The company set chins a wagging this morning when it announced a third player has lobbed a bid to acquire the Airport. As you might expect, this caused the Sydney Airport share price to spike today. It closed 4.63% higher at $8.37. Almost certainly as a result, we saw a hefty 25.5 million SYD shares swap hands.

Pilbara Minerals Ltd (ASX: PLS)

Not even a takeover offer for Sydney Airport can keep ASX 200 lithium producer Pilbara Minerals away from the top of the pile today. Pilbara saw a whopping 26.46 million of its own shares bought and sold. This follows a massive 7.32% surge in the Pilbara share price at close on Monday. The company finished the session at $2.20 a share. This big jump is likely what has placed Pilbara at the top of today’s list.

The post Here are the 3 heaviest trading ASX 200 shares on Monday appeared first on The Motley Fool Australia.

More reading

• Here are the top 10 ASX shares today
• Pilbara Minerals (ASX:PLS) share price up 6% on Monday as lithium prices hit record high
• ASX 200 tech shares are dragging the market on Monday
• Why Energy Resources of Australia, Incitec Pivot, Sydney Airport, & Talga are rising
• National Australia Bank (ASX:NAB) share price dragged lower by downgrade

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

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The Fortescue Metals Group Limited (ASX: FMG) share price is rebounding after hitting a 9-month low of $17.81 last Thursday.

At market close on Monday, shares in the iron ore major finished up 0.55% at $18.37.

Fortescue share price defies weak iron ore outlook

Iron ore prices tanked to 1-year lows last Friday. This was following increasing concern that more steel production constraints will come out of China.

Mining.com reported that:

…the most-traded January iron ore contract on the Dalian Commodity Exchange ended daytime trading 0.3% lower at 732.50 yuan ($113.66) a tonne. It touched 717.50 yuan a tonne on Thursday, the weakest since February 4.

Prices edged lower following reports that:

In Jiangsu, China’s second-largest steel-producing province, a campaign to monitor energy consumption among industrial enterprises including steelmakers raised fears of further disruption in blast furnace operations.

Prices on the spot market remained weak, falling 0.4% to US$129.71/tonne on Friday, according to Fastmarkets. Sources told Fastmarkets that prices ticked lower in expectation of weakening demand. This was due to potential further cuts in steel production until the end of 2021.

Despite the bearish headlines, the Fortescue share price has managed to rally more than 3% in the last two trading sessions.

What’s next for iron ore?

The outlook for iron ore doesn’t seem very promising.

Mining.com quoted analysts from Westpac Banking Corp (ASX: WBC) who said:

Iron ore prices have had a volatile couple of months but as August closed, it was clear there had been a quantum shift in the market leading us to revise down our year-end forecast from $175/tonne to $125/tonne.

To add some perspective, Fortescue’s average realised price for its lower-grade iron ore was US$135/dry metric tonne (dmt) in FY21.

The last time iron ore traded at US$125/t was around mid-November last year. At this time, the Fortescue share price was fetching roughly ~$17 a share.

The post Fortescue (ASX:FMG) shares bounce off 9-month low as iron ore sell-off continues appeared first on The Motley Fool Australia.

More reading

• The Fortescue (ASX:FMG) share price is down 13% so far this month
• How have ASX resources shares performed during the August 2021 earnings season?
• These were the worst performing ASX 200 (ASX:XJO) shares last week
• These ASX 200 dividend shares are about to dish out $40bn to shareholders
• Could falling iron ore prices be good for the Fortescue (ASX:FMG) share price?

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.

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The Boral Limited (ASX: BLD) share price has finished the trading day on Monday, up 2.21% to $6 per share.

Below we look at the latest from the building products and construction materials company.

Why is Boral making headline news?

Boral’s share price may have seen some impact from news reported by the Australian earlier today.

According to that article, the company has offloaded “its Australian roof tiles business to private equity firm Lutum and three members of its former management”. The selling price is believed to be somewhere below $30 million.

It’s expected that Boral will hold onto its roof tile business at its Sydney real estate sites while selling the rest of the operation as part of its ongoing strategy to divest its building products segments in Australia.

Today’s bounce in will come as welcome news to investors, who’ve watched shares plummet 12% over the last month.

The Boral share price has come under pressure recently as changes in the S&P Dow Jones Indices to the S&P/ASX Indices will see Boral removed from the ASX 100 Index as of 20 September.

While that may not matter much to you or me, it could have a material impact on some of the larger fund managers who are limited to investing in the top-100 companies by market cap.

Shares in the construction materials company also took a hit during Seven Group Holdings Ltd (ASX: SVW) takeover manoeuvres.

That takeover bid was finally completed on 29 July, leaving Seven Group with a majority stake of 69.5% of Boral’s shares. This saw Seven Group’s CEO Ryan Stokes swiftly replace the company’s previous Board chair, Katheryn Fagg.

Boral share price snapshot

Despite a few recent woes, the Boral share price remains up 21% year-to-date. That compares to a gain of 11% for the S&P/ASX 200 Index (ASX: XJO) so far in 2021.

Over the past 5 days, Boral’s shares are down 0.5%.

The post Boral (ASX:BLD) share price lifts amid latest business sale appeared first on The Motley Fool Australia.

More reading

• Why the Boral (ASX:BLD) share price is down 17% in a month
• These were the worst performing ASX 200 shares in August
• Boral (ASX:BLD) share price on watch as revenue falls
• The Boral (ASX:BLD) share price fell 8% last time the company reported
• The Boral (ASX:BLD) share price is down 7% in a month. Here’s why

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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Investing in the small side of the share market carries significantly more risk than other areas.

However, if your risk tolerance allows for it, having a bit of exposure to this side of the market could be a good thing for a balanced portfolio.

With that in mind, here are two small cap ASX shares that could be worth watching closely:

BlueBet Holdings Ltd (ASX: BBT)

The first small cap share to watch is BlueBet. It is a mobile-first online wagering provider. BlueBet allows users to bet on all Australian and international racing and sports through its website and app.

The company has been growing very strongly over the last 12 months thanks to the increasing popularity of mobile sports betting.

For example, in FY 2021, the company outperformed its prospectus forecasts with an 83.3% increase in turnover to $344.7 million and a 48.4% lift in underlying EBITDA to $7.5 million. This was underpinned by a 45.7% increase in active customers to 32,472.

Positively, management is confident that this trend can continue and believes it is well positioned to substantially grow its share of the market in Australia and expand into the massive US market.

Morgans is very positive on the company’s long term growth prospects. As a result, it recently put an add rating and $2.57 price target on its shares.

Mach7 Technologies Ltd (ASX: M7T)

Another small cap ASX share to watch is Mach7. It is a medical imaging data management solutions provider that allows users to create a clear and complete view of the patient. Users then use this to help them inform diagnosis, reduce care delivery delays and costs, and improve patient outcomes.

Demand for this type of software continues to grow thanks to industry tailwinds such as telehealth.

This was evident in FY 2021, with the company reporting a 95% increase in sales orders (total contract value) to $25.6 million. This is still well short of its estimated total addressable market of US$2.75 billion.

Morgans is also a fan of the company and believes it is well-placed to deliver strong revenue growth in the coming years. The broker currently has an add rating and $1.56 price target on the company’s shares.

The post 2 growing small cap ASX shares to watch appeared first on The Motley Fool Australia.

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• BlueBet (ASX:BBT) share price drops 14% on US blow
• 3 small cap ASX shares to watch
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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 MACH7 FPO. The Motley Fool Australia has recommended BlueBet Holdings Ltd and MACH7 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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The WAM Capital Limited (ASX: WAM) share price has risen by 6% over the last month. What may be next for the listed investment company (LIC)?

What is WAM Capital?

For readers that haven’t heard of WAM Capital before, it’s a LIC. The purpose of a LIC is to invest in other shares on behalf of shareholders.

This is the biggest of the WAM LICs, of which there are several. WAM Capital says that it looks for the most compelling undervalued growth opportunities in the Australian share market.

According to the ASX, it currently has a market capitalisation just over $2 billion.

What has happened in the last month?

WAM Capital’s share price rose 5% in the week after delivering its FY21 result.

The LIC reported that it made a record operating profit before tax of $343.3 million. That was a reversal from the operating loss before tax of $47.2 million in FY20. It also made a record operating profit after tax of $266.6 million, which was a turnaround from the operating loss after tax of $26.7 million.

In percentage terms, WAM said that over FY21 its investment portfolio increased by 37.5% (before expenses, fees and taxes), outperforming the S&P/ASX All Ordinaries Accumulation Index by 7.3%.

WAM Capital saw a total shareholder return over the 12 months to 30 June 2021 of 28.9%. That’s the combined return of dividends and share price growth.

The LIC declared a fully franked final dividend of 7.75 cents per share, bringing the full year dividend to 15.5 cents per share. WAM Capital noted that the LIC had a profit reserve of 21.8 cents per share as at 31 July 2021, before the payment of the final dividend.

Investor presentation

Last week, WAM Capital also released an investor presentation.

It noted that based on the 7 September 2021 share price of $2.33 it had a fully franked dividend yield of 6.7% and a grossed-up dividend yield of 9.5% (which is including the benefit of franking credits into the yield).

In that investor presentation, WAM Capital said that its investment strategy is now shifting from COVID-19 beneficiaries to the Australian re-opening.

Some of the ASX shares that it pointed out as holdings were Universal Store Holdings Ltd (ASX: UNI), Ardent Leisure Group Ltd (ASX: ALG), Event Hospitality and Entertainment Ltd (ASX: EVT), Viva Energy Group Ltd (ASX: VEA) and Maas Group Holdings Ltd (ASX: MGH).

At the end of July 2021, some of the other top 20 ASX share holdings in the WAM Capital portfolio were: Australian Clinical Labs Ltd (ASX: ACL), City Chic Collective Ltd (ASX: CCX), Reliance Worldwide Corporation Ltd (ASX: RWC) and Webjet Limited (ASX: WEB).

What is the current WAM Capital yield?

At the WAM Capital share price of $2.33, the annual dividend of 15.5 cents translates to a fully franked yield of 6.6% and a grossed-up dividend yield of 9.5%.

The ex-dividend date for the final dividend is 18 October 2021.

The post The WAM Capital (ASX:WAM) share price is up 6% in a month. What’s next? appeared first on The Motley Fool Australia.

More reading

• 2 ASX shares liked by this top fund manager
• Why is WAM Capital (ASX:WAM) underperforming the ASX 200 in 2021?

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 Reliance Worldwide Corporation Limited. The Motley Fool Australia owns shares of and has recommended Webjet Ltd. The Motley Fool Australia has recommended Reliance Worldwide Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Today, the S&P/ASX 200 Index (ASX: XJO) climbed higher despite a weaker US market on Friday night. The benchmark index climbed 0.25% higher to 7,425.2 points. Mining and energy shares squeezed out the gain, offsetting losses in real estate and financial shares.

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, Pilbara Minerals Ltd (ASX: PLS) was the biggest gainer today. Shares in the lithium producing company rallied 6.83%% as lithium prices hit record highs. Find out more about Pilbara Minerals here.

The next biggest gaining ASX share today was Lynas Rare Earths Ltd (ASX: LYC). The rare earths miner notched up a gain of 4.93% to $7.45. Uncover the latest Lynas 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)	$2.19	6.83%
Lynas Rare Earths Ltd (ASX: LYC)	$7.45	4.93%
Yancoal Australia Ltd (ASX: YAL)	$2.57	4.90%
Sydney Airport Holdings Pty Ltd (ASX: SYD)	$8.355	4.44%
Evolution Mining Ltd (ASX: EVN)	$3.945	4.09%
Oz Minerals Ltd (ASX: OZL)	$24.34	3.75%
Northern Star Resources Ltd (ASX: NST)	$9.43	3.17%
Aristocrat Leisure Ltd (ASX: ALL)	$48.22	2.95%
Iluka Resources Ltd (ASX: ILU)	$10.28	2.80%
Zip Co Ltd (ASX: Z1P)	$7.02	2.18%

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

• Pilbara Minerals (ASX:PLS) share price up 6% on Monday as lithium prices hit record high
• ASX 200 tech shares are dragging the market on Monday
• National Australia Bank (ASX:NAB) share price dragged lower by downgrade
• ASX 200 energy and materials shares are leading the market on Monday
• ASX 200 (ASX:XJO) midday update: Sydney Airport jumps, Qantas falls

Motley Fool contributor Mitchell Lawler owns shares of Lynas Corporation Limited. 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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At the start of each week I like to look at ASIC’s short position report to find out which shares are being targeted by short sellers.

This is because I believe it is well worth keeping a close eye on short interest levels as high levels can sometimes be a sign that something isn’t quite right with a company.

With that in mind, here are the 10 most shorted shares on the ASX this week according to ASIC:

• Webjet Limited (ASX: WEB) is back as the most shorted ASX share after its short interest rose to 10%. Short sellers aren’t giving up on the online travel agent despite its trading update which revealed a significant improvement in the performance of its WebBeds business.
• Flight Centre Travel Group Ltd (ASX: FLT) has seen its short interest fall slightly week on week to just under 10%. Short sellers continue to hold onto their positions despite the travel agent expecting to reach profitability again during FY 2022.
• Electro Optic Systems Hldg Ltd (ASX: EOS) has 9.2% of its shares held short, which is up week on week. Short sellers have been targeting this defence and space company due to accounting and cash generation concerns.
• Zip Co Ltd (ASX: Z1P) has seen its short interest ease week on week to 9.2%. This appears to have been driven by concerns over rising costs and increasing competition in the BNPL space.
• Kogan.com Ltd (ASX: KGN) has short interest of 8.6%, which is down week on week. This high level of short interest appears to have been driven by fears that the ecommerce company’s inventory woes will weigh on its performance for a little while longer.
• Piedmont Lithium Inc (ASX: PLL) has short interest of 8.4%, which is up since last week. Valuation and mining license approval concerns appear to be weighing on sentiment.
• Mesoblast limited (ASX: MSB) is back in the top ten with short interest of 8.1%. The biotech company is burning through cash and has warned that it may need to raise funds if deals aren’t successfully executed in FY 2022.
• Inghams Group Ltd (ASX: ING) has 8% of its shares held short, which is flat week on week. Short sellers continue to target the poultry company despite it extending its key supply contract with Woolworths Group Ltd (ASX: WOW).
• Cooper Energy Ltd (ASX: COE) has 7.7% of its shares in the hands of short sellers, which is up sharply week on week. This appears to have been driven by the poor performance of its Project Sole.
• Redbubble Ltd (ASX: RBL) is back in the top ten with short interest of 7.7%. Short sellers may be targeting this ecommerce company following a severe deceleration in its growth during the fourth quarter of FY 2021.

The post These are the 10 most shorted ASX shares appeared first on The Motley Fool Australia.

More reading

• ASX 200 tech shares are dragging the market on Monday
• The Kogan (ASX:KGN) share price has shed 46% this year. Is it a buy?
• Zip (ASX:Z1P) share price continues slide, down 13% in a month. What’s happening?
• The Webjet (ASX:WEB) share price is nearing its 52-week high. Is now the time to buy?
• Want to invest in space? Here are 4 ASX shares

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 Electro Optic Systems Holdings Limited, Kogan.com ltd, and ZIPCOLTD FPO. The Motley Fool Australia owns shares of and has recommended Electro Optic Systems Holdings Limited, Kogan.com ltd, and Webjet Ltd. The Motley Fool Australia has recommended Flight Centre Travel Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The ResApp Health Ltd (ASX: RAP) share price has been trending among investors, following its meteoric rise in recent memory.

At the time of writing, the digital health company’s shares are up an astonishing 18.92% to 8.8 cents. This means that over the past week, its shares have climbed by more than 65%, reflecting renewed investor optimism.

With no news out of the company today, let’s take a look at its latest updates to the ASX.

What did ResApp recently announce?

Looking back, ResApp provided its full-year results in late August, reporting an improvement when compared to the prior year (FY20).

For the 12 months ending 30 June, ResApp brought in revenue from a contract with customers of $69,371. This came from the launch of three new products during the year. They included ResAppDx (acute respiratory disease diagnostic tool), ResAppCC (cough counter and smartphone application), and SleepCheck (sleep apnoea screening application).

The net loss for the period stood at $6.77 million, down 20% on FY20’s net loss of $8.49 million.

ResApp retained a cash balance of $6.59 million. Net cash used in operating activities totalled $5.6 million.

However, at the start of this month, the company advised it received regulatory approval for ResAppDx in Indonesia. Another new international market following ResApp’s entry into Kenya in May 2021.

As such, ResApp partnered with the largest provider of telehealth services in the country, Alodokter to launch ResAppDx before December 2021.

ResApp CEO and managing director, Dr Tony Keating commented:

Obtaining regulatory approval in Indonesia is an important step in our partnership with Alodokter. With a population of over 270 million and a growing telehealth market, Indonesia represents an exciting opportunity for ResApp and with Alodokter we have an important partner that should see significant use of ResAppDx by doctors and their patients.

ResApp share price summary

While over the past month, investors have seen their ResApp holdings accelerate 90% in value, it has been a different story since this time last year. In fact, the company’s shares are down more than 20% from September 2020, even after this week’s wild gains.

The post ResApp (ASX:RAP) share price races 18% higher today, up 65% in a week appeared first on The Motley Fool Australia.

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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 BHP Group Ltd (ASX: BHP) share price has spent most of today in the green despite reports a bill to stop its planned copper project will face the US Senate.

Resolution Copper, a joint venture that’s 45% owned by BHP and 55% owned by Rio Tinto Limited (ASX: RIO), plans to mine a copper resource located underground at Arizona’s Oak Flat.

As The Motley Fool has previously reported, Oak Flat is sacred to the region’s San Carlos Apache Tribe.

Reports emerged today that a bill named the Save Oak Flat Act was added to a domestic spending package that passed the US House of Representatives on Thursday. It will now move to the US Senate, where it may be voted into law, disallowing BHP and Rio Tinto to mine the resource.

Let’s take a closer look at today’s news regarding the resources company.

BHP might fall flat at Oak Flat

The BHP share price was posting gains all day despite news an act opposing its planned project has passed the US House of Representatives.

While BHP’s stock hasn’t been noticeably affected by the reports, the Rio Tinto share price has slipped 0.27% today.

The act notes that Resolution Copper plans to use block cave mining to retrieve copper ore from the deposit. Doing so will destroy the sacred area forever.

It also argues BHP and Rio Tinto’s planned mine will likely affect the region’s hydrology and pollute its drinking water.

According to reporting by the Australian Financial Review (AFR), the act passed the US House of Representatives on Thursday.

The Save Oak Flat Act will now face the US Senate alongside several measures. There, it might be voted into law.

The AFR states the deposit holds enough copper to supply a quarter of the US’s needs for 40 years.

BHP share price snapshot

In the last hour of trade today, BHP shares dipped into the red. Right now, the BHP shares are trading at $41.19, 0.15% lower than the previous close.

This slump is more indicative of the BHP share price lately.

It is currently 2.92% lower than it was at the start of 2021. However, it has gained 12.69% since this time last year.

The post BHP (ASX:BHP) share price lifts despite US mine doubts appeared first on The Motley Fool Australia.

More reading

• How have ASX resources shares performed during the August 2021 earnings season?
• September is not being kind to the BHP (ASX:BHP) share price
• Brokers name 3 ASX shares to buy today
• These ASX 200 dividend shares are about to dish out $40bn to shareholders
• 2 of the best ASX share ideas according to this leading broker

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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Motley Fool Australia Chief Investment Officer Scott Phillips joined Peter Overton on Nine’s Late News on Sunday night to discuss the week ahead for the economy and the stock market. Unemployment, business and consumer confidence and a speech from RBA Governor Philip Lowe are on the docket.

The post Week ahead: Jobs, confidence and RBA. Scott Phillips on Nine’s Late News appeared first on The Motley Fool Australia.

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• Why Afterpay, Chorus, NAB, & Omni Bridgeway shares are dropping
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• The Aristocrat (ASX:ALL) share price has hit 10 new record highs in the past month
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• Leading brokers name 3 ASX shares to buy today

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. 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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