Tag: Motley Fool

On Monday, the S&P/ASX 200 Index (ASX: XJO) started the week with a strong gain. The benchmark index rose 0.8% to 7,276.5 points.

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

ASX 200 expected to edge lower

The Australian share market looks set to give back a small portion of yesterday’s gains following a mixed start to the week on Wall Street. According to the latest SPI futures, the ASX 200 is poised to open the day 6 points or 0.1% lower. In the United States, the Dow Jones was down 0.2%, the S&P 500 was up slightly by 0.05%, and the NASDAQ rose 0.2%.

Oil prices rise again

Energy shares Beach Energy Ltd (ASX: BPT) and Karoon Energy Ltd (ASX: KAR) could have strong session after oil prices pushed higher again. According to Bloomberg, the WTI crude oil price is up 2.1% to US$72.83 a barrel and the Brent crude oil price is up 1.8% to US$76.54 a barrel. Oil prices rose as recession fears began to ease.

Westpac still a buy for Goldman

The Westpac Banking Corp (ASX: WBC) share price pushed higher on Monday after investors responded positively to the bank’s half-year results release. Goldman Sachs believes the gains can continue and has reiterated its buy rating with a new $24.67 price target. The broker has also kept Australia’s oldest bank on its conviction list.

Gold price edges higher

Gold miners Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) will be on watch after the gold price edged higher overnight. According to CNBC, the spot gold price is up 0.15% to US$2,028 an ounce. Traders appear to be betting that the upcoming US inflation reading will bring good news for gold.

Lynas rated neutral

Goldman Sachs isn’t as positive on Lynas Rare Earths Ltd (ASX: LYC) shares. It has responded to news that its Malaysian operations will continue to operate for another year by retaining its neutral rating with an improved price target of $6.90. The broker prefers Iluka Resources Limited (ASX: ILU) for rare earths exposure.

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

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More reading

• Leading brokers name 3 ASX shares to buy today
• Here are the top 10 ASX 200 shares today  
• Here are the 3 most heavily traded ASX 200 shares on Monday
• Why Lynas, Piedmont Lithium, Westpac, and Woodside shares are rising
• Why these booming ASX 200 gold shares could continue to outshine in 2023

Motley Fool contributor James Mickleboro has positions in Westpac Banking Corporation. 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 Westpac Banking Corporation. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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If you’re looking for ASX dividend shares for your portfolio, then you may want to check out the two listed below that Citi currently rates as buys.

Here’s why the broker says these are top options for income investors:

Charter Hall Long WALE REIT (ASX: CLW)

Citi believes that the Charter Hall Long Wale REIT could be an ASX dividend share to buy.

The broker highlights the company’s “low risk income stream with c. 12 year WALE and 99.9% occupancy” as a reason to buy.

Another positive is that the broker is expecting some big dividend yields in the near term. For example, Citi is forecasting dividends per share of 28 cents in FY 2023 and 29 cents in FY 2024. Based on the current Charter Hall Long Wale REIT share price of $4.42, this will mean yields of 6.3% and 6.55%, respectively.

Citi currently has a buy rating and $5.00 price target on its shares.

Super Retail Group Ltd (ASX: SUL)

Another ASX dividend share that Citi has tipped as a buy is Super Retail. It is the retailer behind brands such as Rebel and Super Cheap Auto.

It was impressed with the company’s recent trading update and highlights that it “demonstrated resilience in sales across the board.”

The broker appears to believe more of the same is coming and is forecasting above consensus earnings during the second half. For this reason, Super Retail remains its “top pick in consumer discretionary.”

As for dividends, Citi is forecasting fully franked dividends per share of 77 cents in FY 2023 and then 72 cents in FY 2024. Based on the latest Super Retail share price of $12.83, this will mean generous yields of 6% and 5.6%, respectively.

The broker currently has a buy rating and $14.50 price target on its shares.

The post Citi rates these ASX dividend shares as buys appeared first on The Motley Fool Australia.

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More reading

• Which ASX retail shares could be ‘most impacted’ by Amazon’s rapid growth?
• 3 ASX 300 stocks Goldman Sachs has just put buy ratings on
• Why Genesis Minerals, NAB, oOh!Media, and Super Retail shares are sinking today
• Brokers say buy these ASX dividend stocks for their big fully franked yields
• These ASX dividend shares could be strong buys: brokers

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 positions in and has recommended Super Retail Group. The Motley Fool Australia has positions in and has recommended Super Retail Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Macquarie Group Ltd (ASX: MQG) shares fell again on Monday.

The investment bank’s shares dropped over 2% to close the day at $173.50.

Investors have been selling Macquarie shares since the release of its full-year results last week.

Are Macquarie shares attractively priced now?

Morgans is likely to see the recent weakness in its share price as a buying opportunity for investors.

On Monday, the broker responded to Macquarie’s results by reaffirming its equivalent of a buy rating on the bank’s shares.

According to the note, Morgans has retained its add rating with a trimmed price target of $202. Based on where Macquarie shares currently trade, this implies potential upside of just over 16% for investors over the next 12 months. It is also forecasting a 3.6% dividend yield in FY 2024, sweetening the deal further.

While the broker acknowledges that the quality of the result was lower than hoped, it was still ahead of expectations. It said:

MQG’s FY23 NPAT (A$5.18bn) was +10% on the pcp and 2% above company compiled consensus (A$5.08bn). The 2H23 dividend (A$4.50ps, 40% franked) was 18% above consensus (A$3.82ps). In our view, it could be argued this was a lower quality beat by MQG, but there is no doubt the diversity of its franchise seems to help MQG generally find a way to outperform.

Looking ahead, the broker also acknowledges that there are risks to its earnings in FY 2024 that could mean it falls short of expectations. However, it concedes that this has been the case many times in the past and the company still finds a way to deliver. It explains:

On FY24 guidance, similar to recent years, MQG has given no specific NPAT guidance figure. Broadly MQG’s divisional commentary points to expected improved results in BFS (strong volume growth) and Macquarie Capital (better deal activity) than in FY23, but weaker results in MAM (lower investment related income) and CGM (more subdued commodities trading conditions). Clearly CGM particularly, shapes as a large earnings swing factor in FY24, noting Commodities income guidance is very wide, e.g. expected to be down on the FY23 performance (A$6bn), but up on the FY22 result (A$3.3bn). Given MQG has already said volatility in some of its CGM operations started to subside in 4Q23, we see FY24 earnings risks as likely weighted to the downside, although noting similar risks in prior years did not eventuate.

Despite the above, the broker sees plenty of value in Macquarie shares and continues to recommend them as a buy. It concludes:


MQG is a quality franchise, exposed to structural growth areas, and the company performed exceptionally well in a more difficult FY23 environment. With >10% share price upside to our price target, we continue to maintain our ADD recommendation.

The post ‘A quality franchise’: Why this broker sees major upside ahead for Macquarie shares appeared first on The Motley Fool Australia.

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More reading

• Why Macquarie, Meteoric Resources, Pointsbet, and Syrah shares are falling
• Is the Macquarie share price good value following the bank’s results?
• Everything you need to know about the boosted Macquarie dividend
• Banking crisis continues: What’s up (and down) with ASX 200 bank shares today?
• Macquarie share price falls despite 10% leap in profits to $5.2 billion

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 positions in and has recommended Macquarie Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Earlier this year, Pilbara Minerals Ltd (ASX: PLS) excited investors by declaring its maiden dividend.

Thanks to the high level of cash it is generating from its lithium operations, the company was able to declare and pay a fully franked 11 cents per share interim dividend.

The question on everybody’s lips now is: “what comes next?”

Where next for the Pilbara Minerals dividend?

Unfortunately, one leading broker believes that the majority of Pilbara Minerals’ FY 2023 payout has already been distributed.

According to a recent note out of Morgans, its analysts are forecasting a fully franked 15 cents per share dividend in FY 2023, which implies a final payout of 4 cents per share.

Based on the current Pilbara Minerals share price of $4.60, this will mean a full-year yield of 3.25% and a final dividend yield of 0.85%.

What about next year?

Looking ahead, Morgans expects weaker lithium prices to lead to the Pilbara Minerals dividend being cut to 9 cents per share. This represents a 1.95% dividend yield based on current prices.

But the broker doesn’t think that should put you off investing. It has an add rating and $5.00 price target on the company’s shares.

Its analysts also see scope for a surprise rebound in lithium prices. If this happens, it could lead to stronger earnings and dividends. The broker advises:

Our base case is for lithium prices to stabilise and plateau before declining to LT levels. However, we do see the potential for prices to be driven higher if the Chinese market is forced to aggressively restock. If this were to happen there would be strong trading opportunities over and above our base case.

Time will tell what happens with lithium prices and ultimately the Pilbara Minerals dividend in the near future.

The post How big will the Pilbara Minerals dividend be next year? appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today  
• Here are the 3 most heavily traded ASX 200 shares on Monday
• ASX lithium shares are off and racing today. What’s behind the boost?
• Why did ASX lithium shares dominate the market on Friday?
• Here are the top 10 ASX 200 shares 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 Scott Phillips.

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With so many shares to choose from on the ASX, it can be hard to decide which ones to buy. The good news is that brokers across the country are doing a lot of the hard work for you.

Three top ASX shares that leading brokers have named as buys this week are listed below. Here’s why they are bullish on them:

ANZ Group Holdings Ltd (ASX: ANZ)

According to a note out of Citi, its analysts have retained their buy rating on this banking giant’s shares with a trimmed price target of $26.50. Citi notes that ANZ delivered a result in line with expectations. And while the broker has lowered its margin assumptions, it sees ANZ’s unique capabilities as set to deliver relative outperformance in the current market conditions. The ANZ share price is trading at $23.83 on Monday.

Iluka Resources Limited (ASX: ILU)

A note out of Macquarie reveals that its analysts have upgraded this mineral sands producer’s shares to an outperform rating with a $12.30 price target. The broker was pleased with Iluka’s recent production update and sees value in its shares at current levels. The Iluka share price was fetching $11.54 today.

Life360 Inc (ASX: 360)

Analysts at Bell Potter have retained their buy rating and $8.75 price target on this location technology company’s shares. Bell Potter is feeling very positive ahead of Life360’s first-quarter results. In fact, the broker suspects that the company could be performing so well that it surprises the market by revealing that it achieved positive cash flow in April. The Life360 share price is trading at $5.46 this afternoon.

The post Leading brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today  
• If you invest $10,000 in ANZ shares here’s how much passive income you’ll earn
• 5 things to watch on the ASX 200 on Monday
• Is it time to buy ANZ shares after its strong results?
• Why ANZ, Block, Pilbara Minerals, and SSR Mining shares are storming higher

Motley Fool contributor James Mickleboro has positions in Life360. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Life360. 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 Scott Phillips.

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The S&P/ASX 200 Index (ASX: XJO) started the week with a strong session, rising 0.78% to close at 7,276.5 points.

Its day in the green was driven by the S&P/ASX 200 Energy Index (ASX: XJO) The sector lifted 2.5% after oil prices closed last week with a bang.

US Nymex crude oil rose 4.1% to US$71.34 a barrel in Friday’s session overseas while Brent oil gained 3.9% to US$75.30 a barrel.

Mining stocks also outperformed, with the S&P/ASX 200 Materials Index (ASX: XMJ) gaining 1.6% in a brilliant session for lithium stocks.

But not every sector glittered on Monday. The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) posted the biggest loss, dropping 0.9%.

So, with all that in mind, let’s dive into Monday’s best-performing ASX 200 shares.

Top 10 ASX 200 shares countdown

Taking out the top spot on the index today was the Lynas Rare Earths Ltd (ASX: LYC) share price.

It roared 12% higher after the company announced its ban on importing and processing lanthanide concentrate in Malaysia has been pushed back to early next year. That means it won’t have to shut down its Malaysian facility.

These shares made today’s biggest gains:

ASX-listed company	Share price	Price change
Lynas Rare Earths Ltd (ASX: LYC)	$7.37	12.01%
Life360 Inc (ASX: 360)	$5.46	7.69%
Core Lithium Ltd (ASX: CXO)	$1.03	6.74%
Iluka Resources Limited (ASX: ILU)	$11.54	5.1%
Pilbara Minerals Ltd (ASX: PLS)	$4.60	4.55%
Lake Resources NL (ASX: LKE)	$0.52	4%
Whitehaven Coal Ltd (ASX: WHC)	$7.06	3.82 %
ARB Corporation Ltd (ASX: ARB)	$32.59	3.79%
Megaport Ltd (ASX: MP1)	$5.52	3.76%
Champion Iron Ltd (ASX: CIA)	$6.55	3.64%

Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today   appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most heavily traded ASX 200 shares on Monday
• What’s the outlook for the Core Lithium share price in May?
• Why Lynas, Piedmont Lithium, Westpac, and Woodside shares are rising
• ASX lithium shares are off and racing today. What’s behind the boost?
• Why is ASX 200 share Lynas Rare Earths leaping 12% on Monday?

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 positions in and has recommended ARB Corporation, Life360, and Megaport. The Motley Fool Australia has recommended ARB Corporation and Megaport. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The rise of Amazon.com Inc (NASDAQ: AMZN) here in Australia has been spooking ASX retail shares and their investors for more than five years now. Ever since Amazon first launched its local marketplace here in Australia back in 2017, investors have been warned of the bleak future awaiting ASX retail shares.

Almost six years on, it’s clear that Amazon’s local shopfront, while still wildly successful, hasn’t exactly ended the Aussie retail sector.

But, as is always the case for ASX retail shares, there is still no time for laurel resting. The retail space is infamous for its cutthroat competitive pressures. Its players are also constantly at the mercy of changing trends and tastes.

And, if one ASX expert is to be believed, Amazon isn’t done trying to take its pound of flesh either.

Amazon is coming for Australia’s shoppers

According to a report in The Australian this week, analysts at Jarden have recently come out with some analysis of the future of Australia’s retail space. In fact, Jarden’s analysis concludes that Amazon is on track to grow its gross merchant value (GMV) in Australia by 25% in 2023 to $5 billion, followed by another 10% rise in 2024 to $5.5 billion. And that’s its ‘conservateive’ scenario.

According to Jarden, this expansion will be driven by “expansion of same-day delivery, rapid penetration of Prime and range expansion to more than 200 million stock keeping units (SKUs) with a focus on consumer value”. Amazon is reportedly targeting a long-term GMV of between $19 and 22 billion for the Australian market.

So if this all plays out as Jarden is expecting, it will obviously have an impact on many ASX retail shares.

Jarden has identified a long list of ASX retail shares that could be the most impacted. These include:

• JB Hi-Fi Limited (ASX: JBH)
• Super Retail Group Ltd (ASX: SUL)
• Wesfarmers Ltd (ASX: WES)
• Accent Group Ltd (ASX: AX1)
• Reject Shop Ltd (ASX: TRS)
• Baby Bunting Group Ltd (ASX: BBN)
• Kogan.com Ltd (ASX: KGN)
• Temple & Webster Group Ltd (ASX: TPW)
• Adore Beauty Group Ltd (ASX: ABY)

Should investors bail out of ASX retail shares before it’s too late?

So with these ‘victims’ of the Amazon juggernaut identified, should investors just bail out now, before they are wiped out?

Well, not so fast. For one, as we mentioned earlier, reports of the death of ASX retail shares thanks to Amazon have been premature for the decade in which the American behemoth has been active in Australia. In fact, many have thrived alongside Amazon.

Just take a look at the JB Hi-Fi share price (one of Amazon’s fiercest competitors) below if you have any doubts:

Many of the shares listed above have also performed similarly, and seem to know how to keep Amazon at bay. The US giant doesn’t have a monopoly on innovation, after all.

But it’s also worth noting that Jarden’s opinions aren’t the only ones out there. Many other ASX experts view the situation facing ASX retail stores very differently. For instance, Goldman Sachs recently came out with a buy rating on Super Retail Group shares, together with a $14.90 share price target. Goldman noted Super Retail’s “resilience” and “competitive advantage of high loyalty” in justifying its confidence.

Similarly, Goldman also has high hopes for Accent Group. It also has a buy rating on this ASX footwear retail share, justifying its rating by pointing to this company’s popularity with younger shoppers.

And last month, we looked at the views of another ASX expert in broker Morgans. Morgans reckons both Adore Beauty and Baby Bunting shares are undervalued right now.

So yes, Amazon remains a potent threat to many ASX retail shares. But views are certainly not aligned on the ASX when it comes to their resilience to the American invader.

 

The post Which ASX retail shares could be ‘most impacted’ by Amazon’s rapid growth? appeared first on The Motley Fool Australia.

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More reading

• This ASX All Ords stock could pay an 11% dividend yield by FY25
• Here are the 10 most shorted ASX shares
• Follow the free cash flow: Could these unloved ASX shares be worth buying?
• Brokers name 3 ASX shares to buy now
• Buy Pilbara Minerals and these ASX growth shares for 40%+ returns: analysts

John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Motley Fool contributor Sebastian Bowen has positions in Amazon.com and Kogan.com. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Amazon.com, Baby Bunting Group, Goldman Sachs Group, Kogan.com, Super Retail Group, and Temple & Webster Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Adore Beauty Group. The Motley Fool Australia has positions in and has recommended Kogan.com, Super Retail Group, and Wesfarmers. The Motley Fool Australia has recommended Accent Group, Adore Beauty Group, Amazon.com, Baby Bunting Group, Jb Hi-Fi, and Temple & Webster Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Exchange traded funds (ETFs) can be great additions to an investment portfolio.

This is because they give investors easy access to a large and diverse number of different shares that they wouldn’t ordinarily have access to.

But which ones would be top options for investors today? Listed below are three that could be worth considering:

BetaShares Asia Technology Tigers ETF (ASX: ASIA)

The first ETF to look at is the BetaShares Asia Technology Tigers ETF. It tracks the performance of the 50 largest technology companies that have their main area of business in Asia (excluding Japan). This includes the likes of Alibaba, JD.com, Pinduoduo, Samsung, Taiwan Semiconductor, and Tencent Holdings. As these companies are revolutionising the lives of billions of people in the region, they have been tipped to have bright futures.

BetaShares NASDAQ 100 ETF (ASX: NDQ)

The next ETF for investors to consider is, in many respects, the US equivalent of the above ETF. The hugely popular BetaShares NASDAQ 100 ETF gives investors exposure to many of the most iconic companies in the world. This includes tech giants such as Amazon, Apple, Facebook, Microsoft, Netflix, and Tesla. BetaShares notes that with its strong focus on technology, the ETF provides diversified exposure to a high-growth potential sector that is under-represented on the Australian share market.

iShares Global Consumer Staples ETF (ASX: IXI)

If you would rather add some defensive stocks to your portfolio, then the iShares Global Consumer Staples ETF could be for you. This ETF gives investors access to many of the world’s largest global consumer staples companies. This includes giants such as Coca-Cola, Nestle, PepsiCo, Procter & Gamble, Unilever, and Walmart. As these companies manufacture and/or sell products that are always in demand whatever is happening in the economy, they appear well-placed in the current economic environment.

The post 3 excellent ETFs for ASX investors to buy right now appeared first on The Motley Fool Australia.

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More reading

• Why I believe these 2 appealing ASX shares could turn $5,000 into $15,000
• I’m a dividend investor. Should I buy the Betashares Nasdaq 100 ETF (NDQ)?
• 3 fantastic ETFs for ASX investors to buy in May
• 3 top quality ETFs for ASX investors to buy and hold for 10 years
• 3 top ASX ETFs hitting new 52-week highs on Friday

Motley Fool contributor James Mickleboro has positions in BetaShares Nasdaq 100 ETF. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended BetaShares Nasdaq 100 ETF. The Motley Fool Australia has positions in and has recommended BetaShares Nasdaq 100 ETF and iShares International Equity ETFs – iShares Global Consumer Staples ETF. The Motley Fool Australia has recommended Betashares Capital – Asia Technology Tigers Etf. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Treasury Wine Estates Ltd (ASX: TWE) share price is down almost 2% in late afternoon trade on Monday.

Shares in the S&P/ASX 200 Index (ASX: XJO) global wine company closed last week trading for $13.68 each. They are currently swapping hands for $13.425 apiece.

That’s today’s price action for you.

Now, with the Treasury Wine share price still up 21% over the past year, we look at what could be another positive step for the wine company.

What positive steps is the company taking?

As The Australian Financial Review reports, Treasury Wine is ramping up its efforts to reduce costs in a restructure largely aimed at its budget wine offerings overseen by Treasury Premium Brands.

Wines selling for less than $15 are coming under the heaviest pressure as consumers feeling the pinch from stubbornly high inflation and ever-rising interest rates scale back.

The restructure will place more emphasis on the company’s luxury wine segment, potentially offering a boost to the Treasury Wine share price down the road.

Rumours are circulating that 200 jobs may be on the line, though the company has not commented on any exact potential redundancy figures.

Commenting on the strategy that’s intended to bolster the Treasury Wine share price, CEO Tim Ford said (as quoted by the AFR), “Like any business, we continually assess our structure and cost base to make sure we’re in the right position to continue to deliver on our strategy.”

Ford added:

We’re now at the halfway point of our five-year strategy and faced with changing consumer preferences and economic uncertainty in major markets, we’re reviewing the structure in our Treasury Premium Brands division, as well as some other parts of our business.

What else could impact the Treasury Wine share price?

ASX 200 investors are also keeping a close eye on any developments with the tariffs China imposed on Aussie wine exports in 2020.

Should the gradual thawing in relations between the Australian and Chinese governments lead to the removal of those tariffs, Treasury Wine would enjoy some healthy tailwinds.

Morgans counts among those with a bullish outlook for the wine company, saying it trades at a “material discount” to its peers.

The broker said Treasury Wine is well-positioned for “strong earnings growth … over the next few years”.

Morgans has a $15.05 price target on the stock. That’s 12% above the current Treasury Wine share price.

The post Could this be another positive step for the Treasury Wine share price? appeared first on The Motley Fool Australia.

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More reading

• Brokers name 3 ASX 200 blue chip shares to buy
• Dalio says US and China ‘on brink of war’. Which ASX shares could be impacted?
• Top ASX shares to buy in May 2023
• Brokers say these ASX 200 blue chip shares are buys
• What could China trade talks mean for the Treasury Wine share price?

Motley Fool contributor Bernd Struben 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 Treasury Wine Estates. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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It’s been a fairly positive start to the trading week for ASX shares so far during this Monday’s session. After a rocky week last week, the S&P/ASX 200 Index (ASX: XJO) is comfortably in the green at present, with a happy gain of 0.69%. That lifts the ASX 200 to around 7,270 points.

Let’s hope this optimism holds out for the rest of the week’s trading. But let’s now dive a little deeper into the rise by taking a look at the ASX 200 shares at the peak of the share market’s trading volume charts right now, according to investing.com. 

The 3 most traded ASX 200 shares by volume this Monday

Lynas Rare Earths Ltd (ASX: LYC)

First up this Monday is the rare earths producer Lynas. This session has seen a solid 10.26 million Lynas shares bought and sold at this point of the day. This one isn’t too hard to figure out. The Lynas share price is having a cracking day today. Currently, the company is sitting on a gain of 12.31% at $7.39 a share.

This comes after Lynas revealed it will now be permitted to keep its Malaysian cracking and leaching plant open until 2024, an extension of six months. Investors have clearly given their tick of approval, with this rather massive gain easily explaining the high trading volumes we are seeing.

Core Lithium Ltd (ASX: CXO)

Next up we have an ASX 200 lithium share in Core Lithium. So far today, a significant 25.1 million Core shares have swapped owners on the ASX. It seems another big share price rise is to thank for this high volume. As we went through this morning, most ASX lithium shares are off to the races this Monday.

The trend seems to have been triggered by optimism that Chinese demand for lithium could be on a comeback. In Core Lithium’s case, the company is enjoying a meaningful 7.77% bounce to $1.04 a share.

Pilbara Minerals Ltd (ASX: PLS)

Finally today, let’s take a gander at another ASX 200 lithium share, Pilbara Minerals. An impressive 36.65 million PIlbara shares have changed hands as it currently stands.

It seems that similar factors are also at play with the Pilbara share price. In this case though, the company is ‘only’ enjoying a 5.23% boost to $4.63 a share. Even so, it’s this jump that can explain why so many shares are flying around today.

The post Here are the 3 most heavily traded ASX 200 shares on Monday appeared first on The Motley Fool Australia.

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More reading

• What’s the outlook for the Core Lithium share price in May?
• Why Lynas, Piedmont Lithium, Westpac, and Woodside shares are rising
• ASX lithium shares are off and racing today. What’s behind the boost?
• Why is ASX 200 share Lynas Rare Earths leaping 12% on Monday?
• Which ASX 200 travel share has already taken off by 48% in 2023?

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 Scott Phillips.

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