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The S&P/ASX 200 Index (ASX: XJO) recovered from Tuesday’s fall today, lifting 1.63% to close at 7,059.2 points.

Its gains came despite a rough night’s trade on Wall Street. The Dow Jones Industrial Average Index (DJX: .DJI) traded flat on Tuesday overseas while the S&P 500 Index (SP: .INX) fell 0.4% and the Nasdaq Composite Index (NASDAQ: .IXIC) dropped 0.8%.

Interestingly, the S&P/ASX 200 Information Technology Index (ASX: XIJ) led the way today. It rose 2.9%.

And the tech sector wasn’t alone in posting a whopper gain. The S&P/ASX 200 Financials Index (ASX: XFJ) also lifted 2.2% while the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) jumped 2.1%.

It wasn’t such a good day for energy stocks, however. The S&P/ASX 200 Energy Index (ASX: XEJ) fell 1.3% after the price of oil slid 4% amid concerns about Chinese demand and a stronger US dollar, Reuters reports.

So, with all that in mind, let’s take a look at today’s top-performing ASX 200 shares.

Top 10 ASX 200 shares countdown

Today’s best-performing ASX 200 share was none other than BrainChip Holdings Ltd (ASX: BRN). Its share price rose 11.4% to close at 83 cents despite no news having been released by the tech favourite.

Today’s biggest gains were made by these shares:

ASX-listed company	Share price	Price change
BrainChip Holdings Ltd (ASX: BRN)	$0.83	11.41%
Sayona Mining Ltd (ASX: SYA)	$0.21	10.53%
Magellan Financial Group Ltd (ASX: MFG)	$9.47	8.6%
Telix Pharmaceuticals Ltd (ASX: TLX)	$7.59	8.27%
Imugene Limited (ASX: IMU)	$0.155	6.9%
Pinnacle Investment Management Group Ltd (ASX: PNI)	$9.24	6.45%
Champion Iron Ltd (ASX: CIA)	$7.74	5.59%
Silver Lake Resources Limited (ASX: SLR)	$1.25	5.49%
Capricorn Metals Ltd (ASX: CMM)	$4.87	5.41%
Ramelius Resources Limited (ASX: RMS)	$0.99	5.32%

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

• 3 of the best ASX shares I’d buy now for a stock market rally in 2023
• ASX 200 tech shares are leading the market higher today
• The Flight Centre share price nosedived 18% in 2022. Is it preparing for take-off in 2023?
• These are the highest-yielding ASX 200 dividend shares right now
• What could gas caps mean for the Woodside share price?

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 Pinnacle Investment Management Group. The Motley Fool Australia has positions in and has recommended Pinnacle Investment Management 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 stock market continues to see sizeable moves each day and each week. If a sustainable recovery occurs with ASX shares, then I think there are some names that could do very well.

While not every business may go up in the S&P/ASX 200 Index (ASX: XJO), there are some names that could achieve market-beating returns in 2023, after a punishing year in 2022, even if they don’t recover all of the lost ground.

If something drops 50% from $100 to $50, a recovery to $75 would be a rise of 50% from that low level.

Here are three names that have been hit hard, which I believe can do well, particularly if the ASX share market does rise.

Temple & Webster Group Ltd (ASX: TPW)

Temple & Webster is a leading online retailer of furniture and homewares. Over the past 12 months, the Temple & Webster share price has fallen around 55%.

It has suffered from the weak investor sentiment surrounding both ASX growth shares and ASX retail shares.

The FY23 first half is cycling against COVID-19 lockdowns in the prior 12 months, which was a boost for online shopping. So, the upcoming result may show a reduction in sales.

However, the company is hoping and expecting to return to double-digit revenue by the end of FY23.

The company is investing heavily to improve its offering, including an AI interior design service as well as augmented reality so that customers can ‘see’ the product in their space.

As the company grows, it’s expecting to see scale benefits, which can help profit margins.

Temple & Webster says that its total addressable market is more than $30 billion, now that it’s expanding in the home improvement category (which includes tools and equipment, paint and supplies, plumbing fixtures and so on).

There is potential for online penetration of shopping to continue to grow. In 2021, the Australian online market penetration of furniture and homewares was somewhere between 15% to 17%, while in the UK it was between 28% to 30%.

Reece Ltd (ASX: REH)

Reece may be best known as a bathroom and plumbing supply business in Australia. But, it also has growth plans in a number of different areas.

It has grown into the ‘sun belt’ of the US. The ASX share has acquired a Reece-like business in the country, so it can benefit from organically expanding that business, as well as the population growth those states are seeing.

Plus, Reece is becoming increasingly involved in infrastructure, such as large-scale water systems. The company also has an HVAC segment, which supplies mechanical services, air conditioning, spare parts and heating and cooling.

The Reece share price is down by around 50% over the past 12 months. While households may buy fewer bathroom products in Australia and the US in 2023, I don’t think there is going to be a large, permanent decline in demand to anywhere near that level.

According to Commsec, the Reece share price is valued at 22 times FY23’s estimated earnings.

Pinnacle Investment Management Group Ltd (ASX: PNI)

Pinnacle is a business that’s heavily involved in funds management. While it’s not doing any stock picking itself, it has invested in a portfolio of funds management businesses.

It aims to identify quality managers and help them start their own business, and take a stake of that management business. Some of the managers in the current portfolio include Antipodes, Coolabah, Metrics, Plato and Spheria.

Pinnacle can help the managers with seed money, legal, back office tasks, distribution services and so on.

Pinnacle has been hurt by the decline in the share market, with the fund managers’ funds under management (FUM) taking a hit. This in turn then hurts the profitability which can affect investor optimism about profit generation.

However, I think that a recovery of the share market would be a very helpful boost for FUM. It could also mean that people are willing to invest with fund managers again.

After the 42% fall over the past year, I think it looks much better value. According to Commsec, it’s valued at 23 times FY23’s estimated earnings.

The post 3 of the best ASX shares I’d buy now for a stock market rally in 2023 appeared first on The Motley Fool Australia.

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More reading

• Here’s how I’ll be investing my money in ASX shares in 2023
• Brokers name 3 ASX shares to buy today
• 10 ASX shares I think are buys for 2023
• Top ASX growth shares to buy for a stock market rebound
• Is the Pinnacle share price the ASX 200’s biggest bargain right now?

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Pinnacle Investment Management Group and Temple & Webster Group. The Motley Fool Australia has positions in and has recommended Pinnacle Investment Management Group. The Motley Fool Australia has recommended 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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The S&P/ASX 200 Technology Index (ASX: XJO) is leading the market on Wednesday, and many of the market’s favourite shares are among its biggest gainers.

Right now, the ASX 200 tech sector is up 2.6% after falling 1.54% yesterday. Meanwhile, the S&P/All Technology Index (ASX: XTX) has lifted 2.39% today.

For comparison, the S&P/ASX 200 Index (ASX: XJO) is up 1.5% at the time of writing, recovering from yesterday’s dire session.

So, which ASX 200 tech shares are posting today’s biggest gains? Let’s take a look.

ASX 200 tech shares lead the market

The ASX 200 tech sector is outperforming on Wednesday with the likes of Novonix Ltd (ASX: NVX) and BrainChip Holdings Ltd (ASX: BRN) providing the biggest gains.

Shares in battery technology and materials company Novonix have lifted 5.1% right now to trade at $1.48 while those in neuromorphic computing outfit BrainChip have risen 6.3% to reach 79 cents. Here’s how other notable names are performing:

• Stock in Block Inc (ASX: SQ2) has gained 4.4% to trade at $96.47
• WiseTech Global Ltd (ASX: WTC) shares have jumped 2.8% to $50.53
• The Xero Limited (ASX: XRO) share price has lifted 3.1% to reach $71.30

The sector’s day in the green comes despite a rough night’s trade for the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC).

It dumped 0.76% while most of Australia slept, weighed down by shares in electric vehicle giant Tesla Inc (NASDAQ: TSLA). Its stock tumbled 12.2% in Tuesday’s session overseas.

The fall came as the US$330 billion company revealed its fourth-quarter deliveries to the market’s disappointment, as The Motley Fool reports.

A glimmer of hope for the future?

In more positive news, experts at Commonwealth Bank of Australia (ASX: CBA) hold hope for currently-embattled ASX 200 tech shares in coming years.

The banking giant looked back on 2022 and provided an outlook for the new year today. CommSec chief economist Craig James wrote:

[W]hile the economic environment in 2023 may not be the most conducive for ‘growth-focussed’ sectors, forward-looking investors may be more positive on prospects in 2024 – especially if rates are cut as expected late this year.

Consumer discretionary, information technology, property, and smaller companies should be watched.

The prediction follows a rough year for technology fans. The ASX 200 tech sector tumbled 34% in 2022.

The post ASX 200 tech shares are leading the market higher today appeared first on The Motley Fool Australia.

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More reading

• The Flight Centre share price nosedived 18% in 2022. Is it preparing for take-off in 2023?
• What could gas caps mean for the Woodside share price?
• ANZ shares were slaughtered in 2022. Does the new year bring fresh hope?
• Forget gold! Here’s why I’d buy ASX 200 dividend shares to hedge against inflation
• 5 things to watch on the ASX 200 on Wednesday

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 Tesla, WiseTech Global, and Xero. The Motley Fool Australia has positions in and has recommended WiseTech Global and Xero. 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 dividend shares to buy for 2023 to boost your passive income, then you may want to look at the two listed below.

Here’s why analysts rate these growing ASX 200 dividend shares highly:

Santos Ltd (ASX: STO)

The first ASX 200 dividend share that could be a buy is Santos.

It is one of the region’s largest energy producers, aiming to deliver production of 103-106 million barrels of oil equivalent (mmboe) in FY 2022.

The team at Morgans is positive on the company due to its “growth profile and diversified earnings base.” The broker believes this leaves it “well placed to outperform against a backdrop of a broader sector recovery.”

Morgans is expecting this to underpin dividends per share of 23 cents in FY 2022 and 24.4 cents in FY 2023. Based on the current Santos share price of $6.99, this will mean yields of 3.3% and 3.5%, respectively.

Morgans has an add rating and $9.00 price target on its shares, which suggests material upside potential in 2023.

Woolworths Limited (ASX: WOW)

Another ASX 200 dividend share that could be a buy is Woolworths.

Goldman Sachs is a very big fan of the retail giant. It likes the company due to its strong market position and digital leadership. The broker expects the latter to support further market share and margin gains in the coming years, which bodes well for its earnings and dividend growth.

In the meantime, it is forecasting fully franked dividends of $1.02 per share in FY 2023 and $1.13 per share in FY 2024. Based on the current Woolworths share price of $33.21, this will mean yields of 3.1% and 3.4%, respectively.

Goldman currently has a conviction buy rating and $41.70 price target on the company’s shares.

The post Buy these growing ASX 200 dividend shares in 2023: experts appeared first on The Motley Fool Australia.

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• Why are ASX 200 energy shares falling today?
• 5 things to watch on the ASX 200 on Tuesday
• With hardly any savings at 40, I’d use the Warren Buffett method for generating passive income
• 3 steps to generating passive income with ASX 200 dividend shares in 2023
• 5 things to watch on the ASX 200 on Thursday

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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If you want to snap up the upcoming Premier Investments Limited (ASX: PMV) dividend, then you’ll have to move fast.

That’s because this retail conglomerate’s shares are due to trade ex-dividend next week.

The Premier Investments dividend

Premier Investments released its full year results for FY 2022 all the way back in September.

For the 12 months, the company reported a 5.2% increase in sales to $1,497.5 million and a 10.1% jump in earnings before interest and tax (excluding one-offs) to $335 million.

This was underpinned by record Peter Alexander sales of $428.5 million and a 24.6% rebound in Smiggle sales to $261.2 million.

In light of this solid performance and its very strong balance sheet, the Premier Investments board declared a fully franked final dividend of 54 cents per share and a fully franked special dividend of 25 cents per share.

This took the Premier Investments dividend to 125 cents per share for the year, which was an impressive 56.3% increase year over year.

In order to receive the final and special dividends, investors will need to be on the company’s share registry before its shares trade ex-dividend on Tuesday 10 January. On and after that date, anyone that buys Premier Investments shares will not receive the dividend payments.

Should you buy Premier Investments shares?

Buying an ASX share just to receive an upcoming dividend – a term called dividend stripping – is a risky strategy.

However, if you’re interested in receiving its final and special dividends, which will provide a 3.1% yield, and holding its shares long into the future, then one leading broker would be supportive of this plan.

According to a recent note out of Macquarie, its analysts have an outperform rating and $29.00 price target on its shares.

Based on where Premier Investments shares are currently trading, this implies a return of almost 14% for investors over the next 12 months. And if you throw in the expected dividend payments between now and this time next year, the total potential return is closer to 19%.

The post Should you buy Premier Investments shares before they trade ex-dividend next week? appeared first on The Motley Fool Australia.

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• Leading brokers name 3 ASX shares to buy today
• How to swap your job for $75,000 in retirement income using ASX dividend shares
• If I was 40 and had never invested, here’s how I’d aim to build a $500,000 ASX share portfolio
• Top brokers name 3 ASX shares to buy today
• ASX 200 correction: A once-in-a-lifetime chance for supercharged passive income!

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 Premier Investments. 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 fell 17.8% in 2022.

Flight Centre shares closed 2021 trading at $17.62 each and ended 2022 swapping hands for $14.49 apiece.

For some context, the S&P/ASX 200 Index (ASX: XJO) dropped 5.5% over the past calendar year.

So far, the first two trading days of 2023 have been a mixed bag for the Flight Centre share price.

Yesterday, the travel stock closed down 0.7%. In late afternoon trading today, shares are up 1.74% to $14.64.

So what’s in store for the year ahead?

Is the travel stock set to take off?

Following the past year’s fall, the Flight Centre share price remains down 59% from where it was shortly before the COVID-fuelled market sell-off.

Yet many ASX 200 investors believe the stock has further to fall.

Flight Centre shares are the most shorted on the Australian share market, with a massive 14.7% of its shares held short.

As my Fool colleague James Mickleboro noted last week, Flight Centre shares were the most shorted on the ASX, with 14.7% of the company’s shares held short on 30 December.

Investors are likely skittish over the company’s struggles to return to profitability.

After posing hefty losses in FY21, Flight Centre reported a statutory loss before tax of $378 million for FY22. That’s a 37% improvement from the losses of the prior year. But still…

Potential headwinds for the Flight Centre share price in 2023 include any significant delays with the global reopening.

The biggest risk there at the moment looks to be China. COVID cases in the Middle Kingdom are skyrocketing following the nation’s reopening last month. This has seen numerous countries, Australia included, reintroduce virus testing for Chinese travellers.

Should the situation come under control in short order, without major disruptions to international travel demand, the Flight Centre share price could be one to benefit.

Other headwinds for ASX 200 investors to bear in mind are the impacts of further interest rate hikes and continuing high inflation. Both of these will see consumer spending power eroded by more than any expected wage increases in 2023.

And at the end of the day, air travel – pent-up demand or not – will take a back seat to making mortgage payments. Or fuelling up the family car.

With that said, a number of brokers, while not actively recommending Flight Centre, have a positive outlook on its share price.

Macquarie has a price target of $17.35; Citi has a price target of $16.60; and Goldman Sachs has a price target of $16.10. All three brokers have a neutral rating on Flight Centre shares.

The stock is currently trading for $14.64 per share.

How has the Flight Centre share price performed longer-term?

As mentioned up top, and shown in the chart below, the Flight Centre share price dropped 18% in 2022.

Longer-term investors who snapped up shares in the travel stock on 19 March 2020, following the sharp pandemic fire sale, are sitting on gains of 64%.

The post The Flight Centre share price nosedived 18% in 2022. Is it preparing for take-off in 2023? appeared first on The Motley Fool Australia.

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More reading

• What could gas caps mean for the Woodside share price?
• ANZ shares were slaughtered in 2022. Does the new year bring fresh hope?
• Forget gold! Here’s why I’d buy ASX 200 dividend shares to hedge against inflation
• 5 things to watch on the ASX 200 on Wednesday
• Broker tips significant upside for the Woodside 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 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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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is back on form and is racing higher. At the time of writing, the benchmark index is up 1.5% to 7,048.5 points.

Four ASX shares that are climbing more than most today are listed below. Here’s why they are rising:

Appen Ltd (ASX: APX)

The Appen share price is up 6.5% to $2.59. As well as a rebound in the tech sector, this artificial intelligence data services company’s shares were given a boost from a broker note out of Jefferies. According to the note, the broker believes Appen will deliver revenue of US$393 million in FY 2022, which is at the top end of its guidance range. And while Jefferies only has a hold rating on Appen’s shares, its price target of $3.10 is meaningfully higher than current levels.

Hub24 Ltd (ASX: HUB)

The Hub24 share price is up 3.5% to $27.44. This wealth management platform provider’s shares were also given a boost from a note out of Jefferies. Its analysts believe HUB24 could double its market share over the next decade.

Northern Star Resources Ltd (ASX: NST)

The Northern Star share price is up 2.5% to $11.39. This follows another rise in the gold price overnight, which took the precious metal to a six-month high. This has led to the S&P/ASX All Ordinaries Gold index rising 2.2% this afternoon.

Pointsbet Holdings Ltd (ASX: PBH)

The PointsBet share price is up 6% to $1.59. In addition to benefiting from a tech rebound, an announcement yesterday could be giving PointsBet’s shares a lift. On Tuesday, the sports betting company announced its launch in the state of Ohio in the United States. This marks the company’s 14th online sports betting operation in the country.

The post Why Appen, Hub24, Northern Star, and PointsBet shares are racing higher today appeared first on The Motley Fool Australia.

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More reading

• 3 best ASX 200 gold shares of 2022
• 5 things to watch on the ASX 200 on Wednesday
• Here are the top 10 ASX 200 shares today
• Why ASX 200 gold shares top my 2023 investment radar
• Why Appen, Core Lithium, Paradigm, and Sayona Mining shares are racing higher

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 Appen, Hub24, and PointsBet. The Motley Fool Australia has positions in and has recommended Hub24. The Motley Fool Australia has recommended PointsBet. 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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Dialling in a decent dividend income in 2023 could prove difficult if the pundits are right about an incoming recession. Fewer dollars being spent by consumers could mean fewer dividends for ASX shares to hand out.

On the other hand, interest rates are estimated to be near their peak. A recent survey of economists conducted by The Australian Financial Review implies two more rises before The Reserve Bank of Australia hits the pause button.

If both were 0.25% increases, we’d be looking at a 3.6% cash rate. In all likelihood, that could mean savings accounts offering around 5%. Not too shabby for a risk-free return on your money.

However, there are two factors to consider before loading up on cash:

• The return would still be negative when adjusted for inflation at the current 6.9% rate; and
• Interest rates are likely to fall again at some point in the future

If all you want is the highest possible yield, these ASX 200 dividend shares are beating inflation and savings rates right now.

Gargantuan ASX dividend yields on offer in 2023

You might initially think you’d need to look outside the S&P/ASX 200 Index (ASX: XJO) for companies advertising a yield greater than 10%.

It sounds too good to be true… something that would be limited to the speculative end of town. Yet, here I am disclosing five ASX shares with the highest yields right now — all above a whopping 10%.

Kicking us off at number five is the global mining beast, BHP Group Ltd (ASX: BHP). Not only has Australia’s largest listed company by market capitalisation outpaced the benchmark index by 15% over the last year; but it also touts a tasty 10.1% dividend yield.

Beating out BHP with dividend yields of 11.4% and 12.9% respectively are Tabcorp Holdings Limited (ASX: TAH) and Smartgroup Corporation Ltd (ASX: SIQ). The former enjoyed a 13.7% upwards run in its share price over the past 12 months; the latter suffered a sickening 33% decline.

Smartgroup’s mouthwatering 12.9% yield could be in jeopardy in the future following a reduction in the salary packaging and leasing company’s interim dividend.

Finally, who are the chart toppers among ASX 200 dividend shares right now? Well, unlike last year, it isn’t two iron ore mining companies. Instead, New Hope Corporation Limited (ASX: NHC) and Magellan Financial Group Ltd (ASX: MFG) are the belles of the yield ball.

The New Hope share price (shown above) and dividend yield have exploded since a year ago. Now, investors of this coal producer can bag themselves a 14.8% dividend yield based on the trailing 12 months.

However, the dividend yield champion — Magellan Financial Group — has been dealt a 51% blow to its share price during the last year. But, payouts have remained relatively resilient, boosting this ASX dividend shares’ yield to a dazzling 19.2%.

The post These are the highest-yielding ASX 200 dividend shares right now appeared first on The Motley Fool Australia.

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More reading

• Can the BHP share price deliver in 2023?
• These were the 5 top-performing ASX All Ords shares of 2022
• Here are the top 10 ASX 200 shares today
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Motley Fool contributor Mitchell Lawler has positions in Smartgroup. 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 Smartgroup. 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 returned to form on Wednesday and is charging higher. In afternoon trade, the benchmark index is up 1.4% to 7,043.9 points.

Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are dropping:

Audio Pixels Holdings Ltd (ASX: AKP)

The Audio Pixels share price is down a further 6% to a 52-week low of $9.50. Last week, this digital speaker developer revealed that it is facing further delays with its placement. Though, delays are nothing new for Audio Pixels shareholders. Investors have been waiting over a decade for the company’s speakers to be released.

Bowen Coking Coal Ltd (ASX: BCB)

The Bowen Coking Coal share price is down 3% to 30.2 cents. A number of coal miners are falling again today. This may be down to concerns that coal prices may not be as strong in 2023 and are locking in some of the stellar gains that were recorded over the last 12 months.

Pantoro Ltd (ASX: PNR)

The Pantoro share price is down 10% to 9 cents. This morning the gold miner and Tulla Resources Group Pty Ltd (ASX: TUL) revealed that they are in discussions in relation to a potential transaction to combine the ownership of the gold asset at Norseman into a single Pantoro entity. The two are joint venture partners at Norseman. It also revealed that the Halls Creek mine will be placed on care and maintenance.

Woodside Energy Group Ltd (ASX: WDS)

The Woodside share price is down 2% to $34.61. Investors have been selling energy shares today after oil prices pulled back overnight. Traders were selling down oil amid concerns that Chinese demand could be softer than expected due to rising COVID cases.

The post Why Audio Pixels, Bowen Coking Coal, Pantoro, and Woodside shares are dropping appeared first on The Motley Fool Australia.

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More reading

• What could gas caps mean for the Woodside share price?
• Why are ASX 200 energy shares falling today?
• 5 things to watch on the ASX 200 on Wednesday
• Broker tips significant upside for the Woodside share price
• How I’d invest $1,000 in ASX 200 shares for rising inflation

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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The market is back in the green and these two S&P/ASX 300 Index (ASX: XKO) shares are making the most of it. They’ve rocketed to trade at their highest point in more than 12 months.

It comes as the index bounces back from yesterday’s carnage. After starting the year off with a 1.28% tumble, the ASX 300 is up 1.43% at the time of writing, trading at 7,045 points.

So, which market favourites are riding the wave to long-forgotten heights? Let’s take a look.

2 ASX 300 shares posting new 52-week highs

The first ASX 300 share posting a new 52-week high on Wednesday is diversified mining contract services provider NRW Holdings Limited (ASX: NWH).

Stock in the company surged 3.94% earlier today to peak at $2.90. That marks its highest point in nearly two years.

Interestingly, there’s been no news from the industrial stock to explain today’s gain. Though its subsidiary Golding Contractors is set to kick off a $230 million mining services agreement this month, as the ASX-listed company announced in December.

The last 12 months have been a good time to be invested in the ASX 300 share. It has gained a whopping 58% since this time last year.

Posting a new 52-week high alongside shares in NRW Holdings is former market darling A2 Milk Company Ltd (ASX: A2M).

The milk and baby formula company’s stock hit a high of $7.07 earlier today, marking a 4.43% gain. That’s the highest the stock has traded since May 2021.

Interestingly, there’s been no price-sensitive news from the company in months.

Though, as my Fool colleague Tristan recently noted, A2 Milk could be among those set to benefit from China’s reopening. A fair chunk of its earnings was once derived from daigou buyers.

The last 12 months have been good to A2 Milk stock. The ASX 300 company’s share price has risen 26% since this time last year.

The post 2 ASX 300 shares soaring to new 52-week highs today appeared first on The Motley Fool Australia.

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More reading

• Can these 2 ASX 200 shares crush the market again in 2023?
• 3 ASX shares near 52-week highs I think can climb higher
• I think these 3 ASX shares could benefit from a Chinese tourism boom
• Could A2 Milk shares pay a dividend in 2023?
• Here are the top 10 ASX 200 shares today

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended A2 Milk. 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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