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If you’re wanting to generate passive income with ASX shares, there are a few key steps to follow to make this a reality.

5 steps to growing your passive income

First up, you’ll want to invest in shares that pay sustainable dividends. This means looking for companies with strong earnings, manageable payout ratios, and positive long term outlooks. Some examples on the ASX could include Dicker Data Ltd (ASX: DDR) and Wesfarmers Ltd (ASX: WES).

Next, it’s important for investors to build a diversified portfolio. Don’t just invest in one or two ASX shares, spread your risk across a variety of sectors. This will help you weather any ups and downs in the market and increases your chance of generating stable passive income.

The Vanguard Australian Shares High Yield ETF (ASX: VHY) could be just the ticket for this step. It provides investors with easy access to a diverse group of high-yield ASX dividend shares.

Thirdly, it could be worth thinking about franking credits. These are tax credits for Aussie investors who receive dividends from ASX shares. You will probably want to look for shares that pay fully franked dividends so you can maximise your after-tax return.

Moving onto the next step, it could be smart to reinvest your dividends instead of withdrawing the payouts. Doing this allows you to buy more shares in the companies you already own (sometimes at a discount). This will help you to compound your returns and increase your passive income over the long-term.

Finally, it is important to monitor your portfolio regularly. This includes keeping an eye on the performance of each share, making changes if necessary. This will help you to maximise your passive income and minimise your risk.

All in all, if all goes to plan, by following these steps, once you have grown a portfolio valued at $240,000 and have an average yield of 5% across your portfolio, you will be generating $12,000 of passive income a year (the equivalent of $1,000 a month) with potential to grow further in the future.

The post 5 steps to bring in $1,000 per month in passive income appeared first on The Motley Fool Australia.

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More reading

• Wesfarmers’ CEO just offloaded $9m of the ASX 200 company’s shares. Here’s why
• What’s next for Wesfarmers shares after cashing out $700 million from Coles?
• Which ‘high conviction’ ASX 200 shares is this fundie backing to beat the market?
• Morgans names more of the best ASX 200 dividend shares to buy in April
• After big falls, these ASX 300 shares look dirt-cheap!

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 Dicker Data. The Motley Fool Australia has positions in and has recommended Dicker Data and Wesfarmers. The Motley Fool Australia has recommended Vanguard Australian Shares High Yield 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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A key part of the Australian economy is the mining sector.

In light of this, it will come as little surprise to learn that there are a large number of mining shares listed on the ASX.

But given the vast options it can be hard to decide which ones to buy above others. But don’t worry, to help narrow things down, I have picked out two ASX 200 mining shares that come highly recommended right now. They are as follows:

Allkem Ltd (ASX: AKE)

The first ASX mining share for investors to look at is Allkem.

The team at Morgans is bullish on this lithium miner, which owns a collection of high-quality projects across several lithium types. This includes Olaroz, Mt Cattlin, and the Sal de Vida brine project.

The broker likes Allkem due to its significant production growth potential and takeover appeal. It commented:

AKE is also potentially a target and holds a much larger resource base than PLS. However, the majority of its resource is in Argentina in lithium brines which are typically used for carbonate rather than hydroxide. We think both chemicals will be important over the long run but potential acquirers with pre-existing South American brine exposure may see fewer diversification benefits.

Morgans has an add rating and $15.10 price target on its shares.

Rio Tinto Ltd (ASX: RIO)

Another ASX 200 mining share that has been tipped as a buy is Rio Tinto.

Goldman Sachs is particularly positive on the miner and prefers it over fellow giant BHP Group Ltd (ASX: BHP). This is due to its positive production growth outlook and scope for improvements in its free cash flow generation. The broker explained:

Over the medium to long run, we think the development of Rhodes Ridge has the potential to be significant for RIO’s Pilbara business as it could lift mine system capacity by >10% to >360Mtpa, utilise spare rail and port infrastructure, and help close the >US$10 FCF/t gap with BHP by US$6-8/t or by >50% by the end of the decade.

Goldman currently has a buy rating and $138.30 price target on Rio Tinto’s shares.

The post Lithium, iron ore, and copper: Experts say these ASX 200 mining shares are buys appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Why Allkem, IGO, Northern Star, and Race Oncology shares are racing higher
• Best ASX dividend share to buy now: Rio Tinto vs. Macquarie Group
• Goldman Sachs names the ASX 200 lithium shares to buy (and avoid)
• 3 reasons the 6% Rio Tinto dividend yield looks safe to me

Motley Fool contributor James Mickleboro has positions in Allkem. 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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Fund manager Wilson Asset Management (WAM) has identified two top small-cap ASX shares in one of its portfolios that could be investment ideas.

WAM operates several listed investment companies (LICs). Some, such as WAM Leaders Ltd (ASX: WLE) and WAM Capital Limited (ASX: WAM), focus on larger companies.

Another is WAM Microcap Limited (ASX: WMI). It focuses on small-cap ASX shares with a market capitalisation of under $300 million at the time of acquisition.

WAM says WAM Microcap targets “the most exciting undervalued growth opportunities in the Australian microcap market”.

The fund manager outlined these two small-cap ASX shares in its recent monthly update.

Tuas Ltd (ASX: TUA)

WAM described Tuas as a “disruptive mobile services provider” in Singapore spun out of the TPG Telecom Ltd (ASX: TPG) group of companies after TPG and Vodafone Australia merged in June 2020.

The fund manager pointed out that in the company’s FY23 half-year result, Tuas revealed a “strong improvement” in financial metrics. This signalled to investors that rising subscriber numbers and improving operating leverage were “continuing to drive revenue growth”.

WAM’s investment team believe that the small-cap ASX share, founded and led by David Teoh, will “continue to rapidly gain market share” from existing market players and grow into new areas such as broadband and corporate.

Summarising the thoughts about why the business could be undervalued, the investment team explained:

We believe the market is underestimating the potential cash generation of Tuas following a heavy period of investment into its 5G network in Singapore over the past two years.

Synlait Milk Ltd (ASX: SM1)

The investment team described Synlait Milk as New Zealand’s fourth-largest milk processor. It’s a business-to-business supplier of dairy ingredients, infant formula products and lactoferrin.

The fund manager said an update released in March regarding the company’s FY23 net profit after tax (NPAT) guidance range advised it would take an additional year to complete its financial recovery plan.

WAM said Synlait’s longer-than-expected financial recovery was “largely due to supply chain disruptions, operational challenges and inflationary cost pressures”. This led to a decline of around 30%.

The investment team explained its optimistic outlook for the small-cap ASX share, saying:

Despite these setbacks, we are confident that Synlait Milk can deliver on their revised earnings forecast with signs that exports are returning to normal and the operating environment and systems are improving.

The post 2 small-cap ASX shares this fund manager is excited about appeared first on The Motley Fool Australia.

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More reading

• Why Atlas Arteria, Kingsgate, Kogan, and Synlait Milk shares are dropping today
• Why Lake Resources, Latitude, Synlait, and Woodside shares are falling today
• Guess which ASX All Ords stock is plummeting following an 80% profit dive
• Why Adairs, Liontown, Qantas, and Synlait shares are dropping today
• Why Carsales, Evolution, Kelsian, and Synlait shares are dropping

Motley Fool contributor Tristan Harrison has positions in Wam Microcap. 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 Tpg Telecom. 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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There’s not much you can get for $3 a day these days. However, it could be enough to build a worthwhile passive income stream.

Indeed, just a few short years of investing in ASX dividend shares – or exchange-traded funds (ETFs) housing them – capable of outperforming the market could see one raking in a substantial income within 15 years. Or, at least one large enough to afford me a daily latte. Here’s how.

$3 a day could be all it takes to build a passive income

Start looking under the couch cushions, between car seats, and at the bottom of your backpack for spare change.

Just $3 is all it could take to grow a $30,000 portfolio of ASX shares in less than 15 years – all thanks to the power of compounding.

Not to mention, a $30,000 portfolio could be capable of paying $1,800 of passive income each year, or $4.95 a day, assuming an above-average (but achievable) 6% dividend yield.

That’s right, within 15 years, my portfolio of ASX dividend shares could provide a passive income greater than the daily investment I made to build it.

All it would take is a market-beating annual return of 10% annually.

Investing to beat the market

Achieving a market-beating return might sound daunting, particularly for those new to investing.

However, a 10% return is less than 2% greater than the 10-year average return posted by the S&P/ASX 200 Index (ASX: XJO), according to S&P Global data.

I think that by selecting a diverse handful of ASX growth or value shares that I truly understand and believe are capable of succeeding in their sectors, I could meet or surpass my goal.

Having said that, no investment is guaranteed to provide returns or passive income, and past performance isn’t an indication of future performance.

Here’s how my $3 a day could grow over the years, assuming I receive a 10% return annually:

Years	$ invested	Portfolio value
1	$1,095	$1,098
5	$5,475	$6,690
10	$10,950	$17,459
15	$16,425	$34,803

ASX ETFs or shares?

Of course, investing $3 every day on most investing platforms would likely see your cash eaten away by brokerage fees.

Thus, I would probably put my $3 a day into a high-yield savings account until I had a worthwhile sum to invest – say $500 or more. At that rate, I’d be investing once every six months or so.

That’s certainly not conducive to building a diverse portfolio. And diversifying a portfolio negates many of the risks involved with investing.

Thus, I’d probably choose to focus my attention on ETFs over individual ASX shares to start with, even if that means having to rebalance my portfolio later to realise greater dividends.

The post Spare change? I’d turn $3 a day into a passive income stream in under 15 years 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 Friday
• Building industry woes and ASX 200 materials shares: What investors need to know
• Own Bank of Queensland shares? Your dividends might be about to be slashed
• Flight Centre shares are up 30% in 2023. Can it last?

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Long-term investing is all about ignoring short-term fluctuations in share price and focusing on the prospects for the underlying business.

This means that investors who truly stick to the philosophy don’t get anxious about ASX shares that might have one bad month.

In fact, such short-term dips could present a mouth-watering buying window, if the business is still strong.

The team at ECP Growth Companies Fund, in a memo to clients, names two such ASX shares that it’s backing, despite having absolute shockers in March:

Earnings are positive, so what’s everyone freaking out about?

Shareholders watched in horror as virtual networking provider Megaport Ltd (ASX: MP1) plummeted 27.2% last month.

ECP analysts admitted there was a lot going on.

“The company announced the departure of its CEO. However, Bevan Slattery, the founder and executive chairman, stepped in as an interim CEO and announced the outgoing CEO’s successor.”

The team has no qualms about Megaport’s position in its portfolio.

“Operationally, underlying port growth, a leading indicator for services, grew 30% QoQ, though net port adds only grew 2% as some customers consolidated port usage and migrated to larger ports,” read the memo.

“Positively, the company has maintained their EBITDA positive run rate and expects to maintain this for the full year.”

Megaport has been one of the poorest-performing tech shares on the ASX 200 in recent times, losing 64% over the past 12 months.

Other professionals are somewhat divided on Megaport’s outlook. According to CMC Markets, six out of 14 analysts are rating it a strong buy while seven recommend holding.

This stock was punished despite ‘strong business momentum’

Investors of asset manager GQG Partners Inc (ASX: GQG) didn’t fare much better in March, watching their holding shrink by 12.1%.

The ECP team reported that the market turned on GQG despite “strong business momentum”.

Again, the analysts had full faith in the investment firm’s longer-term future.

“It reported material one-off cost growth in 2022 as it stepped up its global distribution and infrastructure investment to capture the significant interest in its funds,” read the memo.

“Given the solid fund track records, greater distribution footprint and large funds capacity, we expect meaningful revenue growth in future years.”

There is more agreement about GQG Partners in the broader investment community. Seven out of eight analysts currently surveyed on CMC Markets rate the stock as a buy.

The post ‘Meaningful growth’: 2 ASX shares to buy for cheap after a terrible month appeared first on The Motley Fool Australia.

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More reading

• 2 high-risk, high-reward ASX tech shares to buy now: analysts
• Here are the top 10 ASX 200 shares today
• These are the 10 most shorted ASX shares this week
• 3 big dividend-paying ASX shares for 2023
• These are the best ASX sectors to invest your money into this quarter: Morgans

Motley Fool contributor Tony Yoo has positions in Megaport. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Megaport. The Motley Fool Australia has recommended 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 Australian share market is a great place to generate a passive income. This is thanks to the bourse being home to a large number of ASX shares that reward their shareholders with dividends every six months (sometimes even more frequently).

But unless you need this income now, you can keep the money in the share market to harness the power of dividend investing and create even greater payouts further down the line.

The key is to buy ASX shares that pay dividends, the larger the better, and then reinvest these funds into the share market to take advantage of compounding.

Compounding is what happens when you generate returns on top of returns. It explains why a 10% average annual return will double your money in just over 7 years, triple it in a little over 11 years, and quadruple it in a touch over 14 years.

In fact, the longer you hold on and generate these returns, the shorter the time it takes to earn 100% of your original investment back again. It’s like your own personal money printing machine, but legal!

With all the above in mind, let’s take a look at a couple of ASX dividend shares with big yields that have been tipped as buys by analysts.

Dalrymple Bay Infrastructure Ltd (ASX: DBI)

Dalrymple Bay Infrastructure could be a high-yield ASX dividend share to buy according to analysts at Citi. Its analysts have a buy rating and $2.80 price target on the shares of the operator of the Dalrymple Bay Coal Terminal (DBCT).

Citi is also forecasting dividends per share of approximately 20.6 cents in FY 2023 and 21.6 cents in FY 2024. Based on the latest Dalrymple Bay Infrastructure share price of $2.73, this will mean generous yields of 7.5% and 7.9%, respectively.

Westpac Banking Corp (ASX: WBC)

The recent banking crisis has put a lot of pressure on the big four banks. That’s despite them having some of the strongest balance sheets and capital positions that you will find globally.

This could be an opportunity for investors to pick up this high-yield ASX dividend share at a very attractive price. For example, Goldman Sachs has a conviction buy rating and $27.74 price target on its shares.

The broker is also expecting Australia’s oldest bank to pay fully franked dividends of 147 cents per share in FY 2023 and 156 cents per share in FY 2024. Based on the current Westpac share price of $22.25, this will mean yields of 6.6% and 7%, respectively.

The post Harnessing the power of dividend investing: 2 high-yield ASX shares analysts say are buys appeared first on The Motley Fool Australia.

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More reading

• Passive income alert! Buy these ASX 50 dividend shares now: analysts
• Here’s how I’d aim for $50 a week in passive income from ASX 200 shares
• Investor or depositor? Warren Buffett sounds off on banking crisis
• Buy these ASX dividend shares now: analysts
• I’m buying ASX 200 dividend stocks ahead of the next bull market

Motley Fool contributor James Mickleboro has positions in Westpac Banking. 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. 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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Warren Buffett is widely regarded as one of the greatest investors of all time. And for good reason.

As per the latest Berkshire Hathaway (NYSE: BRK.B) letter to shareholders, he has helped deliver an average annual return of 19.8% per annum since all the way back in 1965. This is double the market return over the same period.

So, when Oracle of Omaha gives out advice, it can literally pay to listen.

On this occasion, we are going to look at why Buffett prefers stock and shares to term deposits.

Why pick ASX shares over term deposits?

Firstly, at their core, ASX shares and term deposits represent fundamentally different investment strategies. So, it is worth acknowledging that even uncle Warren’s advice won’t be suitable for everyone. But for the majority, I would say take his words and run with them.

Term deposits are essentially low-risk loans made to banks in exchange for a fixed interest rate over a specified period of time. And while they offer a degree of safety and stability, their returns are typically modest and subject to inflation risk.

Right now, you’re looking at a return of approximately 4% per annum from a 12-month term deposit. This is notably lower than the current inflation rate, which means that your money is actually losing value in real terms.

Back in 2008, Buffett described this type of use of capital as being “comfortable.” He opined:

Today people who hold cash equivalents feel comfortable. They shouldn’t. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value. Indeed, the policies that government will follow in its efforts to alleviate the current crisis will probably prove inflationary and therefore accelerate declines in the real value of cash accounts.

In contrast, ASX shares represent partial ownership in a company and offer the potential for much higher returns over time. And although they are inherently more volatile than term deposits and subject to market fluctuations, they also provide the opportunity for capital appreciation and dividend income.

Historical outperformance

While we can’t guarantee it will be the same in the future, historically, the difference in returns between shares and term deposits has been significant.

For example, the average annualised return for US shares from 1926 to 2022 was approximately 10%, while the average return for three-month U.S. Treasury bills (a commonly used proxy for term deposits) over the same period was just 3.3%.

To put that into context, a single $10,000 investment generating these returns for 50 years would turn into approximately $51,000 for term deposits and $1.2 million for shares. That’s a staggering difference of more than $1.1 million!

But the positives don’t stop there. In addition to the potential for higher returns, ASX shares also offer other advantages over term deposits. For example, shares are more liquid, meaning they can be bought and sold quickly and easily. They also provide the opportunity for diversification, which allows investors to spread their risk across multiple companies or industries.

All in all, while term deposits offer a degree of safety and stability, their returns are typically modest and subject to inflation risk. For investors seeking higher returns and long-term value, I believe the share market represents the superior option. By investing in high-quality companies with strong competitive advantages and long-term growth potential, just like Mr Buffett does, investors like have the potential to generate enormous wealth over time.

The post Forget term deposits and listen to Warren Buffett’s advice appeared first on The Motley Fool Australia.

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More reading

• Need passive income? Turn $6,000 into $100 every month
• Warren Buffett is doubling down on these Japanese stocks. How can ASX investors do the same?
• How to invest $300 a month using the Warren Buffett method
• How to start building a lifelong passive income with just $5 a day: Tips and Tricks
• How ASX investors can build a $1 million portfolio in 12 years

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 Berkshire Hathaway. The Motley Fool Australia has recommended Berkshire Hathaway. 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 exposure to the tech sector and generative AI, then NextDC Ltd (ASX: NXT) shares could be one way to do it.

That’s the view of a collection of brokers that are raving about this ASX 200 tech share following last week’s trading update.

That update revealed that a series of recent customer wins means that its contracted utilisation has increased by 43%, or 35.9 megawatts (MW), to 120MW since 31 December. Its new S3 data centre in Sydney has been a key driver of this growth.

What are brokers saying about this ASX 200 tech share?

Brokers are overwhelmingly bullish on this ASX 200 tech share and have been reiterating their buy ratings in recent days.

For example, the team at Goldman Sachs, which has a buy rating and improved price target of $14.90 on its shares, was impressed with its update and believes global tech giant Microsoft might have been responsible for much of the increase. It said:

NextDC today announced its contracted commitments have increased by +35.9MW (+43%) since Dec-22, driven by what we believe to be a MSFT contract at S3. This announcement ends a softer period for new wins for NXT (particularly in Sydney), while also highlighting a shift towards longer-term commitments from hyperscalers (rather than ‘just-in-time’ contracting).

Over at Citi, its analysts responded by retaining their buy rating on the ASX 200 tech share with an improved price target of $14.45. They were particularly pleased with the longer than normal contract length, which could be a sign of a strong demand outlook. Citi commented:

The key positive from the contract announcement was the hyperscale customer committing to a contract with a long billing ramp (5-6 years vs. 2-3 typically) which points to a strong demand outlook but more importantly suggests that the customer could have been concerned about supply constraints in the Macquarie Park area. Further, we see potential for other Hyperscalers bringing forward their requirements to lock-in available capacity.

Citi also feels that the company could be a good option for investors looking for exposure to the ChatGPT-driven generative AI trend. It adds:

We reiterate our Buy call (increase our target price by +14%) and see NXT as a play on a secular shift towards cloud computing (with Gen AI another use case/demand driver) and see it as a defensive growth play in a slowing macro environment.

Finally, Morgans was pleased with the news and retained its add rating with an improved price target of $13.50. It also appears to believe Microsoft could be NextDC’s big customer, Morgans said:

Microsoft has recently cancelled its planned Data Centre build in Lane Cove Sydney. They had applied for development approval for a 100MW DC build but after a prolonged period the council only approved a 30MW facility and Microsoft opted not to proceed with this. At the same time that Microsoft looks supply constrained demand remains incredibly strong. Despite concerns that the cloud is slowing Microsoft is the somewhat unique beneficiary of the exponential demand for ChatGPT which runs on Microsoft’s Azure Cloud Infrastructure.

All in all, investors may not be able to buy shares in ChatGPT, but they could potentially get indirect exposure to its incredible growth through this ASX 200 tech share.

The post Brokers are raving about this ASX 200 tech share benefiting from ChatGPT’s rise appeared first on The Motley Fool Australia.

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More reading

• Brokers name 3 ASX shares to buy now
• Here are the top 10 ASX 200 shares today
• Why 29Metals, NextDC, Sims, and South32 shares are racing higher
• ASX 200 tech share NextDC just rocketed 9%. Here’s why
• The broker community’s 3 best ASX 200 shares to buy for 2023

Motley Fool contributor James Mickleboro has positions in Nextdc. 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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Investors looking for ASX 200 growth shares to buy might want to look at the three listed below.

These shares have been named as buys and tipped to climb meaningfully from current levels. Here’s what you need to know:

Altium Limited (ASX: ALU)

Altium could be an ASX 200 growth share to buy right now. It is a printed circuit board (PCB) design software provider that is on a quest to go from leading the industry to dominating it.

And this is a great industry to dominate given how demand for this specialist software is expected to increase strongly in the future thanks to a number of tailwinds such as AI and the Internet of Things.

Morgan Stanley is positive on the company’s outlook and currently has an overweight rating and $43.50 price target on its shares.

Pilbara Minerals Ltd (ASX: PLS)

Another ASX 200 growth share that could be a buy is Pilbara Minerals. While this lithium giant is one of the more volatile shares you will find, recent weakness appears to have made the risk/reward on offer with its shares compelling.

That’s because even with the pullback in lithium prices, Pilbara Minerals’ lithium operations are printing money. In addition, Morgans has suggested that the company could be an attractive takeover target for someone wanting immediate lithium exposure.

It is partly for this reason that the broker currently has an add rating and $5.30 price target on its shares.

WiseTech Global Ltd (ASX: WTC)

A final ASX 200 growth share that could be a buy is WiseTech Global. It is the logistics solutions company behind the popular CargoWise One solution.

This solution has become integral to the global logistics industry. It allows users to execute complex logistics transactions and manage freight operations from a single, easy to use platform.

Given the quality of the platform and its growing recurring revenues, the company appears well-placed for growth in the coming years.

Ord Minnett expects this to be the case and has put an accumulate rating and $90.00 price target on its shares.

The post Analysts say these 3 blockbuster ASX 200 growth shares are buys 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 Friday
• Which ‘high conviction’ ASX 200 shares is this fundie backing to beat the market?
• Here are the 3 most heavily traded ASX 200 shares on Thursday
• Goldman Sachs names the ASX 200 lithium shares to buy (and avoid)

Motley Fool contributor James Mickleboro has positions in Altium. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Altium and WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global. 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) ended the week on a high, rising 0.51% to finish the session at 7,361.6 points – its highest close since early March. That also leaves it 1.98% higher week-on-week.

It followed a strong session over on Wall Street. The Dow Jones Industrial Average Index (DJX: .DJI) rose 1.1% overnight while the S&P 500 Index (SP: .INX) jumped 1.3%, and the Nasdaq Composite Index (NASDAQ: .IXIC) surged 2%.

Back home, the S&P/ASX 200 Financials Index (ASX: XFJ) was among the top-performing sectors on Friday, lifting 0.8% despite potentially disappointing news of Bank of Queensland Ltd (ASX: BOQ)’s upcoming earnings.

Meanwhile, the S&P/ASX 200 Materials Index (ASX: XMJ) rose 0.9%. The sector’s strong session came amid near-record high gold prices – gold futures gained 1.5% overnight to reach US$2,055.30 an ounce.

But not all was green on the Aussie bourse today. The S&P/ASX 200 Health Care Index (ASX: XHJ) slipped 0.3%.

So, with all that in mind, let’s take a look at the 10 ASX 200 shares ending the week with the biggest gains.

Top 10 ASX 200 shares countdown

Today’s top performing ASX 200 share was Silver Lake Resources Ltd (ASX: SLR). The gold share gained 6% to close at $1.33.

These shares made today’s biggest gains:

ASX-listed company	Share price	Price change
Silver Lake Resources Ltd (ASX: SLR)	$1.33	5.98%
Allkem Ltd (ASX: AKE)	$11.64	5.43%
IGO Ltd (ASX: IGO)	$13.43	5.33%
Pilbara Minerals Ltd (ASX: PLS)	$3.75	5.04%
Domino’s Pizza Enterprises Ltd (ASX: DMP)	$53.28	4.53%
Northern Star Resources Ltd (ASX: NST)	$14.40	4.35%
Regis Resources Ltd (ASX: RRL)	$2.42	4.31%
West African Resources Ltd (ASX: WAF)	$1.09	3.81%
Telix Pharmaceuticals Ltd (ASX: TLX)	$7.73	3.76%
Syrah Resources Ltd (ASX: SYR)	$1.625	3.5%

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 <strong>Here are the top 10 ASX 200 shares today</strong> appeared first on The Motley Fool Australia.

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More reading

• Gold price nears record highs. Could it be time to pay attention to these ASX 200 gold shares?
• Here are the 3 most heavily traded ASX 200 shares on Friday
• Why is the Silver Lake share price leading the ASX 200 today?
• Why Allkem, IGO, Northern Star, and Race Oncology shares are racing higher
• Building industry woes and ASX 200 materials shares: What investors need to know

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 Domino’s Pizza Enterprises. The Motley Fool Australia has recommended Domino’s Pizza Enterprises. 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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