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On Monday, the S&P/ASX 200 Index (ASX: XJO) started the week with a day in the red. The benchmark index fell 0.5% to 7,108.8 points.

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

ASX 200 expected to fall again

The Australian share market looks set to fall again on Tuesday despite a solid start to the week on Wall Street. According to the latest SPI futures, the ASX 200 is poised to open the day 114 points or 1.6% higher. In late trade in the United States, the Dow Jones is up 0.45%, the S&P 500 is up 0.65%, and the NASDAQ is down 1.35%.

Oil prices drop

Energy shares Beach Energy Ltd (ASX: BPT) and Karoon Energy Ltd (ASX: KAR) could have a tough day after oil prices dropped overnight. According to Bloomberg, the WTI crude oil price is down 2.7% to US$74.56 barrel and the Brent crude oil price is down 2.7% to US$80.56 a barrel. The banking collapse has rattled the market.

ASX 200 shares going ex-dividend

There are a number of ASX 200 shares that are going ex-dividend for their latest dividends this morning and could trade lower. This includes coal miner Coronado Global Resources Inc (ASX: CRN), corporate travel booker Corporate Travel Management Ltd (ASX: CTD), and media giant News Corp (ASX: NWS).

Gold price jumps

It could be a good day for gold miners Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (down: RRL) after the gold price jumped overnight. According to CNBC, the spot gold price is up 2.6% to US$1,915.2 an ounce. Traders were buying gold due to increased demand for safe haven assets.

Macquarie rated neutral

The Macquarie Group Ltd (ASX: MQG) share price is almost fully valued according to analysts at Goldman Sachs. Following an investor tour, the broker has retained its neutral rating with a price target of $197.53. It notes that the investment bank’s shares are trading above historical multiples despite the prospect of its earnings falling in FY 2023. Goldman is forecasting a 13% decline in its earnings.

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

• 3 ASX 200 shares trading ex-dividend on Tuesday
• Why are ASX 200 gold stocks like Northern Star having such a stellar run today?
• Here are the 3 most heavily traded ASX 200 shares on Monday
• Should I buy Woolworths shares at $37?
• 5 things to watch on the ASX 200 on Monday

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 Australia has recommended Corporate Travel Management. 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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When an ASX 200 share trades ex-dividend, it’s normally a pretty big deal. For one, new investors in said company will no longer be eligible for the upcoming dividend payment if they buy the shares after the company has traded ex-dividend.

But reflecting this loss of value for new investors, an ex-dividend date also tends to result in a company’s shares losing a fair chunk of value.

So in these ways, ex-dividend dates are fairly conspicuous events on the ASX 200.

Keeping that in mind, let’s discuss three ASX 200 shares that will be going ex-dividend tomorrow.

3 ASX 200 shares scheduled to trade ex-dividend tomorrow

First up is ASX 200 metallurgical coal mining company Coronado Global Resources Inc (ASX: CRN). Last month, Coronado announced a half-yearly dividend worth 0.5 US cents per share, fully franked. That’s a decent payout to be sure, not one that pales in comparison with some of the monstrous shareholder payouts Coronado sent investors’ way last year.

But new investors won’t be eligible to receive this upcoming dividend come tomorrow, with the payment date now set for 5 April next month. Right now, Coronado shares have a dividend yield of 6.57%.

Next up we have News Corporation (ASX: NWS). This ASX 200 media group, famously helmed by the Murdoch family, also reported its earnings last month. Investors weren’t too thrilled with the lower revenues and earnings News Corp reported. But shareholders will still be getting an increased dividend coming their way.

News Corp is scheduled to go ex-div for the unfranked 10 US cents per share payment on Tuesday, which will be a meaningful increase from the 9.4 cents per share payment that was issued last year.

After tomorrow’s session, News Corp shareholders can then expect to receive this latest dividend on 12 April. News Corp shares have a dividend yield of 1.2%.

What about an ASX travel share?

Finally, let’s talk about ASX 200 travel share Corporate Travel Management Ltd (ASX: CTD). Corporate Travel has been struggling in the dividend department for a couple of years now. After halting its dividends over half of 2020 and all of 2021, the company returned to paying dividends last year.

But the final dividend of  5 cents per share, unfranked, that was paid in September 2022 was a far cry from the fully-franked 22 cents per share investors enjoyed in 2019. Corporate Travel’s next dividend will come on 14 April next month after the company trades ex-dividend tomorrow.

It will be worth 6 cents per share and also be unfranked. Corporate Travel shares have a dividend yield of 0.62% as it currently stands.

The post 3 ASX 200 shares trading ex-dividend on Tuesday appeared first on The Motley Fool Australia.

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More reading

• Why are ASX 200 gold stocks like Northern Star having such a stellar run today?
• Here are the 3 most heavily traded ASX 200 shares on Monday
• Should I buy Woolworths shares at $37?
• 5 things to watch on the ASX 200 on Monday
• Guess which ASX 200 stock has landed 3 substantial shareholders in a week

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 recommended Corporate Travel Management. 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 are looking to bolster your portfolio with some ASX tech shares, you may want to look at the two listed below that have been tipped as buys by Goldman Sachs.

Here’s what the broker is saying about these ASX tech shares:

Readytech Holdings Ltd (ASX: RDY)

The first ASX tech share that Goldman Sachs rates as a buy is this leading provider of mission-critical software-as-a-service (SaaS) solutions for the education, employment services, workforce management, government and justice sectors.

As well as its positive long term growth outlook, the broker likes the company due to its defensive earnings. It explained:

RDY remains a tech value play within our coverage universe, trading at a >50% discount to peers when accounting for its robust growth outlook. Government software has been a pocket of strength and resilience within TMT (~3/4 of RDY’s earnings) and we are positive on RDY’s ability to deliver mid-teens organic growth at an expanding profit margin through the cycle.

Goldman has a buy rating and $4.45 price target on its shares.

Life360 Inc (ASX: 360)

Another ASX tech share that Goldman Sachs is a fan of is Life360.

It is a growing location technology company that has almost 50 million global active users of its eponymous Life360 mobile app.

Goldman has been impressed with Life360’s performance and believes the company is about to reach an inflection point. It commented:

In our view Life360 is approaching an inflection point as it proves the pricing power of its subscription business model and moves out of the non-profitable tech basket. The full-year impact of price increases drives the majority of CY23 subscription revenue growth, with possible upside to paying subscribers should Tile bundling materially lift payer conversion (expected launch late-1Q23).

Another positive is its huge growth runway. Goldman estimates that the company has a “US$12bn global TAM with a large opportunity to expand its product suite, grow average revenue per paying circle (ARPPC), increase payer conversion, and lift penetration rates outside of the US.”

It is for this reason that the broker has a buy rating and $7.90 price target on Life360’s shares.

The post These ASX tech shares are buys: Goldman Sachs appeared first on The Motley Fool Australia.

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More reading

• These ASX tech shares have exposure to the Silicon Valley Bank collapse
• Top ASX growth shares to buy in March 2023
• Why Block, BrainChip, Core Lithium, and Life360 shares are racing higher
• This ASX tech share is leaping 13% today as it readies for an entrance into the ASX 200
• These ASX shares are being dumped from the ASX 200 index this month

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 and ReadyTech. The Motley Fool Australia has recommended ReadyTech. 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 second-largest bank collapse in United States history has been making waves these past few days. As the situation develops, the attention of Australian investors could be turning to our own bank shares within the S&P/ASX 200 Index (ASX: XJO).

Suffering a ‘bank run’, Silicon Valley Bank — listed as SVB Financial Group (NASDAQ: SIVB) — found itself in the hands of regulators at the end of last week. Today, the Federal Reserve has provided reassurance that all depositors will be made whole through a measure to contain the fallout.

So, could a similar event unfold within our own major banks, or are Aussie banks in a better position?

Why liquidity matters

Firstly, the Silicon Valley Bank debacle, at its core, is a liquidity problem.

When depositors want their money back (e.g. withdraw it and move the money elsewhere), the bank needs to be able to fulfill that request.

Most of the time this isn’t an issue as few people are looking to withdraw their money at any given moment. This means the bank can lend your money out in the meantime — earning you and the bank a return in doing so.

However, when everyone wants their money at once, that is when issues can arise. The problem is compounded when that money is tied up in illiquid assets.

It is for this reason that regulation exists, requiring banks to have sufficient capital buffers, especially when under the most challenging plausible conditions. Hence, banks must conduct regular ‘stress tests’ to evaluate whether they can operate under these theoretical conditions.

The regulations are a little different in the US, but they also require all large ‘systemically important’ banks to abide by strict regulations including minimum liquidity coverage ratio (LCR), net stable funding ratio (NSFR), etc.

Based on the information available, it seems Silicon Valley Bank may have escaped some requirements due to an increase in the threshold of what is classed as systemically important during the Trump administration.

To gain a greater understanding of the Silicon Valley Bank collapse, you can read more here.

How are ASX 200 bank shares placed?

As we now know, banks need liquid funds at the ready if customers withdraw their money. For Silicon Valley Bank, US$26 billion in available-for-sale securities wasn’t enough to cover the outflows.

The continued withdrawals nudged the US bank to start selling its ‘held-to-maturity’ securities. Those securities were bonds that were estimated to be worth US$15 billion less than cost due to rising interest rates, as noted in the tweet below. As a result, the sale meant Silicon Valley Bank was now realising billions in previously unexpected losses.

So investors started to look at their HTM portfolio. 

It looked bad. pic.twitter.com/aIenrpTSoj

— Genevieve Roch-Decter, CFA (@GRDecter) March 11, 2023

https://platform.twitter.com/widgets.js

This may suggest the bank’s true LCR was below the traditionally expected 100% (at least in hindsight). In contrast, all major ASX 200 bank shares touted LCRs far above the required 100% level at the end of December 2022, as shown in the table below.

Bank	Liquidity Coverage Ratio (LCR)
Commonwealth Bank of Australia (ASX: CBA)	131%
National Australia Bank Ltd (ASX: NAB)	134%
Westpac Banking Corp (ASX: WBC)	139%
ANZ Group Holdings Ltd (ASX: ANZ)	126%
Bendigo and Adelaide Bank Ltd (ASX: BEN)	138%
Bank of Queensland Ltd (ASX: BOQ)	139%
Silicon Valley Bank	Unknown*

Furthermore, it is believed that Australian banks hold a far smaller portion of their high-quality liquid assets in tradeable securities than other countries. This might also mean a lower risk of accessing funds with unrealised gains.

Where Aussie major banks differ from Silicon Valley Bank

Another point of difference between Silicon Valley Bank and ASX 200 bank shares are their depositors.

The troubled US bank’s customers were predominantly tech companies, some of which were burning through cash to fund operations. A disproportional reliance on a single sector meant the bank’s deposits were crippled by the tech pain in 2022.

Major Australian banks are aware of this type of risk. Fortunately, ASX 200 bank shares hold deposits with a diversified base of customers. This should, in theory, drastically reduce the risk of a bank run getting underway in the first place.

The post ASX 200 bank shares: Are they better prepared than Silicon Valley Bank? appeared first on The Motley Fool Australia.

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More reading

• S&P 500 futures lift as regulators shore up SVB deposits
• 3 reasons the 8% NAB dividend yield looks safe to me
• Understanding the collapse of Silicon Valley Bank
• 5 things to watch on the ASX 200 on Monday
• Buy Westpac and this ASX dividend share next week: analysts

SVB Financial provides credit and banking services to The Motley Fool. Motley Fool contributor Mitchell Lawler has positions in Commonwealth Bank Of Australia. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended SVB Financial. The Motley Fool Australia has positions in and has recommended Bendigo And Adelaide Bank. The Motley Fool Australia has recommended SVB Financial and 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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It’s been a fairly awful start to the week for ASX shares and the S&P/ASX 200 Index (ASX: XJO) so far today. This Monday has seen the ASX 200 take a significant hit, with investors shaken by what’s happening over on the US markets at the moment with the collapse of the tech-focused bank SVB Financial Group.

At the time of writing, the ASX 200 has lost 0.42% and is trading at around 7,114.9 points.

But one sector today is a rather conspicuous outlier in terms of the market’s falls. That would be ASX 200 gold stocks. Gold is one of the top-performing corners of the market right now, with the ten shares experiencing the highest gains on the ASX 200 right now all being gold stocks.

Take the largest ASX 200 gold miner on the market, Newcrest Mining Ltd (ASX: NCM). Right now, Newcrest shares are up a very healthy 3.23% at $24.10 each.

But those gains pale in comparison to some other ASX 200 gold stocks. Take the Northern Star Resources Ltd (ASX: NST) share price. Northern Star shares have rocketed by an impressive 5.4% so far today to $11.13 a share. That pulls Northern Star back to a year-to-date gain in 2023:

But that’s just the start of it.

Silver Lake Resources Ltd (ASX: SLR) shares have gained more than 8.3% today. Ramelius Resources Ltd (ASX: RMS) shares are up more than 9%. And Capricorn Metals Ltd (ASX: CMM) shares have surged more than 15%.

So what’s going on with ASX 200 gold stocks today?

Well, it seems to be a response to the price of gold itself. As we flagged this morning, the precious metal surged in value at the end of last week’s trading. It has climbed even higher today and is now sitting around US$1,882 per ounce. That’s significantly above the US$1,820 levels gold was asking around the middle of last week.

Gold is viewed as a ‘safe haven’ asset, and is often bought up when investors have concerns about the immediate future of share prices or the health of the financial system.

Considering the collapse of the SVB Financial Group (Silicon Valley Bank) that has rocked the US economy over the past few days, this probably explains why investors are turning to gold right now and away from most other shares on the market.

This benefits the price of gold itself, but also the ASX gold miners that sell it. Not to mention exchange-traded funds (ETFs) that allow investors to get price exposure to the precious metal. As we covered earlier today, this session has seen a few gold ETFs hit new record highs.

So it’s probably for this reason that gold, and ASX gold stocks and ETFs, are all shining so brightly this Monday.

The post Why are ASX 200 gold stocks like Northern Star having such a stellar run 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
• Why Neuren, Northern Star, Race Oncology, and Westgold shares are storming higher
• Should I buy Woolworths shares at $37?
• 5 things to watch on the ASX 200 on Monday
• Guess which ASX 200 stock has landed 3 substantial shareholders in a week

SVB Financial provides credit and banking services to The Motley Fool. Motley Fool contributor Sebastian Bowen has positions in Newcrest Mining. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended SVB Financial. The Motley Fool Australia has recommended SVB Financial. 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) has continued its weak form from last week so far this Monday. After a rough end to the trading week last Friday, the ASX 200 has again seen losses during the session, thanks in most part to jitters over the collapse of the SVB Financial Group in the US.

At the time of writing, the ASX 200 Index is down by another 0.36% at just under 7,120 points.

But let’s not dwell too long on all of that. Time now to take a look at the stocks currently at the peak of the ASX 200’s share trading volume charts, according to investing.com. 

The 3 most traded ASX 200 shares by volume this Monday

Liontown Resources Ltd (ASX: LTR)

First up this Monday is ASX 200 lithium share Liontown Resources. So far today, a notable 14.34 million Liontown shares have been exchanged on the markets. This doesn’t seem to be a consequence of any news or announcements out of Liontown itself, seeing as there are none today.

So this high volume looks to be a consequence of the movements of the Liontown share price this Monday. Liontown has had a fairly wild day of trading. The company is currently down by a meaty 2.57% at $1.515 a share, but fell as low as $1.48 a share this morning.

Pilbara Minerals Ltd (ASX: PLS)

Next up is another ASX 200 lithium stock in Pilbara Minerals. This Monday has seen a sizeable 27.64 million Pilbara shares change owners so far. This looks like another result of the market’s volatility today. At present, Pilbara is down by 2.51% at $3.88 a share.

But again, we saw the Pilbara share price fall by far more this morning, with the company going as low as $3.755 a share. This bouncing around looks like it is to blame for the elevated trading volumes on display here.

Sayona Mining Ltd (ASX: SYA)

Yet another ASX 200 lithium share is our final and most traded stock at this point of Monday’s session. In Sayona’s case, investors have seen a hefty 36.05 million Sayona shares bought and sold as it currently stands. And yet again, it seems this volume comes down to share price volatility.

Sayona has had a rollercoaster of a day. The lithium company is currently down 1.3% at 22.7 cents a share but fell more than 5% this morning before recovering to the levels we see now. No wonder so many shares have been zipping around the markets.

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

• Here’s why experts rate these ASX 200 growth shares as buys
• Should I buy Woolworths shares at $37?
• Here are the 10 most shorted ASX shares this week
• Will the Pilbara Minerals share price crash in 2023?
• 5 things to watch on the ASX 200 on Monday

SVB Financial provides credit and banking services to The Motley Fool. 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 positions in and has recommended SVB Financial. The Motley Fool Australia has recommended SVB Financial. 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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Are you looking for dividend shares to add to your income portfolio? If you are, then it could be a good idea to check out the two listed below.

These ASX dividend shares have been rated as buys by analysts. Here’s what they are saying about them:

Aurizon Holdings Ltd (ASX: AZJ)

The first ASX dividend share for investors to look at is Australia’s largest rail freight operator.

Aurizon connects miners, primary producers, and industry with international and domestic markets via its extensive national rail and road network.

Morgans is a fan of the company and currently has an add rating and $3.81 price target on its shares. It sees a lot of value in the Aurizon share price at the current level. The broker explained:

We are not yet convinced that the capital AZJ is deploying into the lower quality Bulk business (both One Rail Bulk acquisition and growth capex) to diversify its operations away from coal exports and tap into new growth avenues will deliver appropriate risk-adjusted returns over time. Nonetheless, we see value in the stock at current prices, supported by the far higher quality Network and Coal haulage businesses. ADD retained.

As for dividends, it has pencilled in partially franked dividends of 17 cents per share in FY 2023 and then 19 cents per share in FY 2024. Based on the latest Aurizon share price of $3.30, this will mean yields of 5.2% and 5.75%, respectively.

Rural Funds Group (ASX: RFF)

Another ASX dividend share that has been named as a buy is this agriculture-focused real estate property.

Rural Funds owns a diverse portfolio of properties across different geographies and sectors that are leased to some of the biggest names in the game.

Bell Potter is positive on the company and recently noted that its shares were trading at what could “be considered an attractive entry point.”

The broker currently has a buy rating and $2.65 price target on its shares.

In respect to dividends, Bell Potter is forecasting an 11.7 cents per share dividend in FY 2023 and then a 12.2 cents per share dividend in FY 2024. Based on the current Rural Funds share price of $2.10, this represents yields of 5.6% and 5.8%, respectively.

The post Buy these ASX dividend shares right now for income: analysts appeared first on The Motley Fool Australia.

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More reading

• I reckon these are 2 of the best ASX income stocks to buy in March
• 3 ASX All Ords directors buying up their company shares recently
• Guess which ASX 200 stock has landed 3 substantial shareholders in a week
• How I’d aim to replace an entire salary with passive income from ASX dividend shares
• Buy Westpac and this high-yield ASX dividend share: analysts

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 Rural Funds Group. The Motley Fool Australia has recommended Aurizon. 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 that are looking for growth options might want to check out the ASX 200 growth shares listed below.

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

Lovisa Holdings Limited (ASX: LOV)

The first ASX 200 growth share that has been named as a buy is this fast fashion jewellery retailer. Last month, Lovisa released its half-year results and reported a 44.8% increase in revenue to $315.5 million and a 31.9% jump in net profit after tax to $253.2 million. Analysts at Morgans were impressed and have described the company as a “phenomenon” due to its incredible expansion plans.

Morgans currently has an add rating and $29.00 price target on its shares.

ResMed Inc. (ASX: RMD)

Another ASX 200 growth share that has been named as a buy is ResMed. It is a medical device company with a leadership position in the sleep disorder treatment market. Thanks to its huge market opportunity and world class product portfolio, it has been tipped to continue growing at a solid rate in the future by analysts at Goldman Sachs.

The broker recently reaffirmed its buy rating and $38.00 price target on its shares.

Pilbara Minerals Ltd (ASX: PLS)

A final ASX 200 growth share to consider buying is Pilbara Minerals. The team at Morgans believe investors should be taking advantage of recent share price weakness to snap up the high quality lithium miner. Particularly given its belief that “demand in the Chinese market could increase from March onwards.” It expects this to support lithium prices, which have been tumbling in recent months.

Morgans currently has an add rating and $4.70 price target on the miner’s shares.

The post Here’s why experts rate these ASX 200 growth shares as buys appeared first on The Motley Fool Australia.

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More reading

• Will the Pilbara Minerals share price crash in 2023?
• Top brokers name 3 ASX shares to buy next week
• Here are the 3 most heavily traded ASX 200 shares on Friday
• Why are ASX 200 lithium shares falling so hard today?
• Why Atlantic Lithium, CBA, Piedmont Lithium, and Pilbara Minerals shares are dropping

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 Lovisa and ResMed. The Motley Fool Australia has positions in and has recommended ResMed. The Motley Fool Australia has recommended Lovisa. 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 Flight Centre Travel Group Ltd (ASX: FLT) share price is on course to start the week with a decline.

In afternoon trade, the travel agent giant’s shares are down 2% to $18.45.

Why is the Flight Centre share price falling?

There could be a few reasons for the weakness in the Flight Centre share price on Monday.

This includes high levels of short interest, weakness in the travel sector, and the completion of its share purchase plan (SPP).

In respect to the latter, this morning Flight Centre revealed that it received strong demand for its SPP from eligible retail shareholders. So much so, the company elected to increase the size of the plan from $40 million to $60 million.

Why is Flight Centre raising funds?

The proceeds from the SPP will be used to support the acquisition of United Kingdom-based luxury travel specialist Scott Dunn.

These funds were raised at an issue price of $14.60, which was in line with what institutional investors paid at the end of January.

It’s possible that some retail investors are selling their SPP shares today for a quick profit. Especially given that the Flight Centre share price was trading at a 29% premium to the issue price.

Flight Centre’s managing director, Graham Turner, was pleased with the news. He said:

We are delighted with the very strong demand and we thank eligible shareholders for their support. By increasing the SPP offer to $60million, we have provided our shareholders with the opportunity to secure a more meaningful stake in their company with a view to benefitting to a larger degree as its post-COVID recovery gains momentum.

We see the Scott Dunn acquisition as an exciting opportunity and a strong addition to our diverse, global brand network. The acquisition will significantly strengthen our northern hemisphere leisure footprint and fast-track our plan to develop a global luxury collection of travel brands operating in a highly resilient sector of the industry.

The post Why is the Flight Centre share price lagging the ASX 200 on Monday? appeared first on The Motley Fool Australia.

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More reading

• Here are the 10 most shorted ASX shares this week
• When will Flight Centre shares resume paying dividends?
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• These ASX 200 shares smashed the market in February

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Flight Centre Travel 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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The S&P/ASX 200 Index (ASX: XJO) has started the week in a subdued fashion. At the time of writing, the benchmark index is off its lows but down 0.2% to 7,130.1 points.

Four ASX shares that are not letting that hold them back today are listed below. Here’s why they are rising:

Neuren Pharmaceuticals Ltd (ASX: NEU)

The Neuren Pharmaceuticals share price is up 18% to $9.07. Investors have been buying this biotech company’s shares after its treatment for Rett’s Syndrome was granted US FDA approval. The company has a deal in place with its partner Acadia Pharmaceuticals (NASDAQ: ACAD) that could result in significant revenue generation.

Northern Star Resources Ltd (ASX: NST)

The Northern Star share price is up 7% to $11.29. This has been driven by a strong rise in the gold price thanks to demand for safe haven assets. It isn’t just Northern Star that is rising today. The S&P/ASX All Ordinaries Gold index is up 5.4% this afternoon.

Race Oncology Ltd (ASX: RAC)

The Race Oncology share price is up 2% to $2.03. This morning, this oncology company has made appointments to support observational stage of a Phase 1/2b clinical trial of Zantrene (bisantrene) in breast cancer patients treated with doxorubicin and cyclophosphamide and who have two or more cardiovascular risk factors.

Westgold Resources Ltd (ASX: WGX)

The Westgold share price is up 12% to $1.05. Investors have been buying this gold miner’s shares following the rise in the gold price and the release of an announcement. The latter reveals that its flagship Big Bell mine at Cue in Western Australia continues to exceed design outputs. It delivered 8,447 ounces of gold in January and 7,895 ounces in February. Drilling results have also exceeded expectations.

The post Why Neuren, Northern Star, Race Oncology, and Westgold shares are storming higher appeared first on The Motley Fool Australia.

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More reading

• Guess which ASX All Ords stock is rocketing 27% on a new FDA approval
• 5 things to watch on the ASX 200 on Monday
• Why APM, Macquarie Telecom, Northern Star, and Origin shares are rising today
• Uranium and gold: What are the best ASX shares to buy for these minerals?
• 5 things to watch on the ASX 200 on Wednesday

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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