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The end of ASX reporting season in August has led to a number of companies in the S&P/ASX All Ordinaries Index (ASX: XAO) turning ex-dividend this month.

When an ASX All Ords share turns ex-dividend, investors buying these shares won’t be eligible to receive the company’s upcoming dividend payment.

Instead, the dividend payment will go to the seller on the other side of the transaction.

What’s more, a company’s shares typically fall on the day they turn ex-dividend, reflecting the absence of the dividend.

Ahead of the ASX closure on Thursday, here are three ASX All Ords shares turning ex-dividend tomorrow.

NRW Holdings Limited (ASX: NWH)

To kick things off, NRW shares will be trading tomorrow without a fully franked final dividend of 7 cents. 

Investors who own NRW shares by the time the market closes today can expect to see this payment land on 12 October.

According to management, FY22 saw the best results NRW has reported.

Revenue grew by 5% to $2.4 billion while earnings before interest, tax, and amortisation (EBITA) came in ahead of guidance at $157 million, up 30% from the prior year.

On the back of these results, NRW hiked its final dividend by 40%, with annual dividends growing by a similar amount to 12.5 cents.

Based on current prices, this puts NRW shares on a trailing dividend yield of 4.9%. Adding in franking credits boosts this yield to 7.0%.

In other news, NRW made headlines recently after it launched a $375 million play to acquire MACA Ltd (ASX: MLD). However, this wasn’t enough to sway MACA’s board from an offer already on the table from mining services giant Thiess.

Macmahon Holdings Limited (ASX: MAH)

Next up, fellow mining services company Macmahon will also see its shares turn ex-dividend tomorrow.

Macmahon is set to pay out an unfranked final dividend of 0.35 cents to eligible shareholders on 7 October.

While this dividend may appear small in absolute terms, the Macmahon share price is currently sitting at 15.5 cents.

So, after throwing in the company’s interim dividend of 0.3 cents earlier in the year, Macmahon shares are sporting a trailing dividend yield of 4.2%.

FY22 was a year of growth for Macmahon, lifting revenue by 26% to $1.7 billion. This was primarily driven by the contribution from new project start-ups, inflation, and increased contract activity.

This revenue growth partially flowed through to earnings, with underlying net profit after tax (NPAT) increasing by 5% to $63 million.

The ASX All Ords share held its total dividends steady at 0.65 cents, in line with the prior year.

Capitol Health Ltd (ASX: CAJ)

Rounding out this trio of ASX All Ords shares going ex-dividend on Wednesday is diagnostic imaging business Capital Health.

As of tomorrow, Capitol Health shares will no longer be trading with a fully franked final dividend of 0.5 cents, which will be paid on 21 October.

Capitol Health delivered revenue of $184 million in FY22, up 3% from the prior year. This was driven by organic growth, the acquisition of Womens’ Imaging, and three greenfield clinic openings. 

These growth drivers were partially offset by COVID lockdowns, suspensions in elective surgery, and impacts from the omicron variant.

On the bottom line, statutory NPAT decreased 9% to $11 million.

Nonetheless, Capitol Health held its final and total dividends steady. The ASX All Ords share has declared fully franked interim and final dividends of 0.5 cents since 2019.

As a result, Capitol Health shares are currently flashing a trailing dividend yield of 3.0%. Including franking credits, this yield dials up to 4.3%.

The post 3 ASX All Ords shares going ex-dividend on Wednesday appeared first on The Motley Fool Australia.

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More reading

• 2 little-known ASX shares that this fund manager says have ‘strong’ outlooks
• 3 ASX All Ords shares smashing new highs on Monday

Motley Fool contributor Cathryn Goh 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 Pilbara Minerals Ltd (ASX: PLS) share price has seen a very strong rise over the past month. It has surged up by 50% while the S&P/ASX 200 Index (ASX: XJO) has gone backwards by around 5%.

The ASX share market continues to be affected by investors concerned by inflation and higher interest rates. But, Pilbara Minerals has performed strongly for shareholders.

Within the last month, the ASX lithium share announced its FY22 result. Let’s have a quick look at what was reported.

FY22 earnings recap

The company reported that it generated around $1.2 billion of revenue after an increased realised selling price of US$2,382 per dry metric tonne (dmt). It shipped 361,035 dmt of spodumene concentrate, representing an increase of 28% year over year.

In FY21, it made earnings before interest, tax, depreciation and amortisation (EBITDA) of $21.4 million and a statutory net loss after tax of $51.4 million. In FY22, this had increased to $814.5 million of EBITDA and $561.8 million of net profit after tax (NPAT).

It had such a strong period of cash flow that it finished the year with a net cash position of $714.3 million, according to the company.

Is the Pilbara Minerals share price too high?

Michael Gable, from Fairmont Equities, thinks that the ASX lithium share is a sell, according to his rating on The Bull. He wrote:

Trading stocks within the lithium sector have been rewarding. But sometimes share prices can reflect too much optimism about lithium’s future.

I believe vertical share price moves higher are unsustainable, particularly when profit takers make their move.

Gable isn’t the only one with a negative outlook for the Pilbara Minerals share price. The broker UBS has a price target of $2.60 on the company.

That would equate to a fall of more than 40% over the next year if that price eventuated. While UBS appreciates the short-term profits that the miner is making, it thinks that other lithium ASX shares are priced more attractively.

Management view on the outlook

Pilbara Minerals’ managing director and CEO Dale Henderson said:

Having recently approved the expansion to grow production by a further 100,000 tonnes per annum to a combined [approximate] 640,000 tonnes to 680,000 tonnes per annum, and with the company now progressing towards a final investment decision to expand production to 1 million tonnes per annum, Pilbara Minerals commences FY2023 in an exceptionally strong position.

Henderson said the company was in “an enviable position”, supplying product into a “burgeoning growth market with a clear pathway for further production growth off a performing operating base”.

Further, chemicals participation with our downstream joint venture with POSCO and our midstream project provides another extension of value creation for our shareholders. A very exciting future lies ahead for our business and our shareholders.

Pilbara Minerals share price snapshot

The Pilbara Minerals share price closed 3.49% higher at $4.75 on Monday. Despite the downward trend seen earlier this year, Pilbara Minerals shares are now up by 35% in 2022.

The post Up 50% in a month, does the Pilbara Minerals share price ‘reflect too much optimism’? appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Why Lake Resources, Life360, Pilbara Minerals, and PolyNovo shares are storming higher
• Here are the 3 most heavily traded ASX 200 shares on Monday
• 3 ASX lithium shares smashing new, all-time highs on Monday
• Can the Pilbara Minerals share price continue stretching higher?

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 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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There are a large number of dividend shares for investors to choose from on the Australian share market.

Two that have done enough to impress analysts are listed below. Here’s why they have been given the thumbs up:

Healthco Healthcare and Wellness REIT (ASX: HCW)

The first ASX dividend share that analysts are tipping as a buy is the Healthco Healthcare and Wellness REIT.

As its name implies, this real estate investment trust has a focus on hospitals, aged care, childcare, life sciences, and primary care properties.

The team at Goldman Sachs is very positive on the company and recently named it as one of its top picks in the sector. This is due to its robust balance sheet and strong tenant base. Goldman explained:

[T]he REIT remains one of our top picks in the sector given 1) its net cash position with over $450mn of liquidity, providing flexibility for near term opportunities, 2) its diversified mix of strong tenant covenants in sub-sectors that are majority government-backed across the care spectrum, mitigating potential tenant credit risks, 3) Healthcare and childcare assets valuations have remained resilient, 4) the expansive forecast future demand for assets across the care spectrum, underpinning development opportunities, and 5) inexpensive valuation.

The broker currently has a conviction buy rating and $2.08 price target on its shares.

As for dividends, its analysts are forecasting dividends per share of 7.5 cents in both FY 2023 and FY 2024. Based on the current Healthco Healthcare and Wellness REIT unit price of $1.66, this will mean yields of 4.5% for investors.

Whitehaven Coal Ltd (ASX: WHC)

Another ASX dividend share that analysts are tipping as a buy is coal miner Whitehaven Coal.

It is expected to provide investors with some very big dividend yields in the near term thanks to sky high coal prices. In fact, the team at Morgans has described them as “supercharged returns.” It commented:

We see strong potential for a more prolonged dislocation in energy markets where supply security commands a higher premium for longer. WHC offers ~2%/24% upside to our base/bull case pricing scenarios (excluding growth assets) with clear upside risks to valuation and dividends. Note that thermal coal futures pricing currently sits well above our “super-bull” price scenario, which supports an NPV towards $11.00ps.

The broker currently has an add rating and $8.60 price target on the company’s shares.

In respect to dividends, Morgans is forecasting dividends per share of 100 cents in FY 2023 and 64 cents in FY 2024. Based on the latest Whitehaven Coal share price of $8.31, this will mean yields of 12% and 7.7%, respectively.

The post Analysts name 2 ASX dividend shares to buy this month appeared first on The Motley Fool Australia.

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More reading

• 3 ASX energy stocks up more than 100% so far this year
• 5 ASX energy shares powering portfolios with the highest dividend yields
• Own Whitehaven shares? Here’s some good news on your dividends
• Here are 2 ASX dividend shares experts say are buys
• Here are the top 10 ASX 200 shares today

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

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In volatile times like this year, it becomes more difficult to find ASX shares that are consistently rising.

It was easy to do in the bull market of 2020 and 2021, but right now they’re like gems hidden underground.

But Fairmont Equities managing director Michael Gable reckons he’s found a couple, which he’s recommending as immediate buys before they rise even further:

‘This is a bullish sign’

Gaming maker Aristocrat Leisure Limited (ASX: ALL) is “a high quality business”, Gable told The Bull.

“It’s established a solid track record of double-digit earnings growth over the years.”

Although the Aristocrat share price is down 24% for year to date, it has staged a 12.3% rally since 12 May.

This swim against the tide impresses Gable.

“Although the broader share market bottomed in June, Aristocrat stock was already rising from its low point in May,” he said.

“Since then, the share price has continued to edge higher despite broader market volatility. This is a bullish sign from a charting point of view.”

The wider professional community agrees with Gable. According to CMC Markets, 13 out of 16 analysts currently rate Aristocrat as a buy, with 11 of those recommending the stock as a strong buy.

‘This presents a buying opportunity’

It’s been well documented that energy prices have rocketed up this year on the back of supply constraints from Russia’s invasion of Ukraine.

But at least for Santos Ltd (ASX: STO), Gable reckons the share price hasn’t peaked yet.

“Santos will continue to benefit from what I believe will be increasing energy prices for some time.”

After a nice rise this year to June, Santos shares, along with other energy producers, took a hit in June as recession fears gripped the market.

But that simply presents a tempting entry point, Gable reckons.

“The share price is down from its June peak in response to a short-term retreat in the crude oil price,” he said.

“However, this presents a buying opportunity, as the share price has recently firmed and is starting to resume its uptrend.”

Similar to Aristocrat, Santos is also well backed by professional investors. A whopping 14 out of 17 analysts currently surveyed on CMC Markets rate the stock as a buy.

The post ‘Bullish sign’: Expert names 2 rising ASX shares to buy right now appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Tuesday
• Broker names 2 of the best ASX shares to buy now
• These are the top ASX 100 buy ideas from Macquarie
• 5 things to watch on the ASX 200 on Monday
• Aristocrat share price defies the selloff thanks to bullish brokers

Motley Fool contributor Tony Yoo 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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On Monday, the S&P/ASX 200 Index (ASX: XJO) started the week in a disappointing fashion. The benchmark index fell 0.3% to 6,719.9 points.

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

ASX 200 expected to rebound

The Australian share market is expected to rebound on Tuesday following a solid start to the week on Wall Street. According to the latest SPI futures, the ASX 200 is poised to open the day 52 points or 0.8% higher. In the United States, the Dow Jones rose 0.65%, the S&P 500 was up 0.7%, and the NASDAQ climbed 0.75%.

Tech shares on watch

It could be a decent day for ASX 200 tech shares such as WiseTech Global Ltd (ASX: WTC) and Xero Limited (ASX: XRO) after their US counterparts stormed higher on Monday night. The tech focused NASDAQ index rose 0.75%. Investors appear to believe recent weakness has created a buying opportunity. Though, with the US Federal Reserve meeting this week, it could be a volatile few days.

Oil prices edge higher

It could be a decent day for energy shares including Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) after oil prices edged higher overnight. According to Bloomberg, the WTI crude oil price is up 0.5% to US$85.53 a barrel and the Brent crude oil price has risen 0.55% to US$91.84 a barrel. Supply uncertainty outweighed demand concerns and boosted prices.

Coal dividends being paid

Coal miners Coronado Global Resources Inc (ASX: CRN) and Yancoal Australia Ltd (ASX: YAL) will be paying their respective shareholders a share of their bumper coal profits later today. Coronado is paying a 7.6 cents per share dividend and Yancoal is paying a 52.7 cents per share dividend to shareholders.

Gold price flat

Gold miners such as Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) could have a subdued day after the gold price traded flat overnight. According to CNBC, the spot gold price is fetching US$1,683.6 an ounce. The gold price is trading near a 29-month low ahead of the US Fed’s meeting.

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 energy stocks up more than 100% so far this year
• 5 ASX energy shares powering portfolios with the highest dividend yields
• Broker names 2 of the best ASX shares to buy now
• These are the top ASX 100 buy ideas from Macquarie
• 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 positions in and has recommended 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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Are you interested in adding some ASX growth shares to your portfolio? If you are, you may want to look at the three listed below.

Here’s what you need to know about these growth shares:

Breville Group Ltd (ASX: BRG)

The first ASX growth share to look at is Breville. It is a leading appliance manufacturer with a growing stable of brands which continue to grow in popularity with consumers. Combined with its global expansion and consistent investment in research and development, this has underpinned solid sales and earnings growth over the last decade.

Morgans is bullish on Breville and expects its solid growth to continue in the coming years. The broker currently has an add rating and $25.00 price target on its shares. This compares to the latest Breville share price of $19.33.

Domino’s Pizza Enterprises Ltd (ASX: DMP)

Another growth share that has been tipped as a buy is this pizza chain operator. It is rated highly due to its strong brand, investment in technology, and bold expansion plans. The latter sees the company aiming to more than double its network by 2033. Domino’s has also been putting its strong balance sheet to work with acquisitions. This trend could continue, increasing its potential footprint even further in the coming years.

Morgans is positive on the company’s future and sees recent weakness as a buying opportunity. The broker has an add rating and $90.00 price target on its shares. This suggests over 50% upside based on the current Domino’s share price of $58.63.

Life360 Inc (ASX: 360)

A final ASX growth share to look at is Life360. This rapidly growing location technology company is responsible for the Life360 mobile app. This market-leading app is for families and offers useful features such as communications, driver safety, and location sharing. At the last count, there were over 40 million active users of it. Life360 also recently acquired wearables company Jiobit and items tracking company Tile. These are opening the door to significant cross and upselling opportunities.

Bell Potter remains bullish on the company’s future. It currently has a buy rating and $8.23 price target on its shares. This compares favourably to the current Life360 share price of $5.69.

The post Here are 3 ASX growth shares analysts rate as buys appeared first on The Motley Fool Australia.

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More reading

• Why Lake Resources, Life360, Pilbara Minerals, and PolyNovo shares are storming higher
• The ASX 200 is getting a shakeup today. Here’s the tea
• Out in the cold: How are the ASX 200 evictees faring on Monday?
• 5 things to watch on the ASX 200 on Monday
• $20,000 invested in these ASX shares 10 years ago is worth how much?

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 Dominos Pizza Enterprises Limited. 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, then read on!

Listed below are two ASX dividend shares that analysts at Morgans rate as buys. Here’s what they are saying about them:

Dalrymple Bay Infrastructure Ltd (ASX: DBI)

Morgans is feeling very positive about this coal terminal operator. It is expecting a big dividend yield in FY 2022 with modest growth in the years that follow.

The broker currently has an add rating and $2.32 price target on the company’s shares. It commented:

DBI holds the 99 year lease to the 85 Mtpa Dalrymple Bay Coal Terminal, of which c.80% of throughput is metallurgical coal (used in steelmaking). DBCT offers the cheapest export route-to-market for users within its Bowen Basin catchment region. DBCT is fully contracted from 2023 to 2028. In the current low interest rate environment, income-oriented investors will be attracted to DBI’s high cash yield and commitment to 1-2% pa DPS growth

Morgans is forecasting dividends per share of 18.3 cents in FY 2022 and 18.5 cents in FY 2023. Based on the latest Dalrymple Bay Infrastructure share price of $2.15, this will mean yields of 8.5% and 8.6%, respectively.

Dexus Industria REIT (ASX: DXI)

Another ASX dividend share that has been tipped as a buy by analysts at Morgans is Dexus Industria. It is a property company with a focus on industrial and logistic assets.

Morgans currently has an add rating and $3.25 price target on its shares. The broker explained:

DXI’s portfolio is valued at $1.76bn and is weighted 79% towards industrial and logistics assets. The weighted average cap rate is 5.1%; WALE 5.9 years; and occupancy 97%. DXI is trading at a discount to NTA, offers an attractive yield with solid underlying portfolio metrics and has near/medium-term growth opportunities via the development pipeline.

Its analysts are forecasting dividends of 16.4 cents per share in FY 2023 and 16.9 cents per share in FY 2024. Based on the current Dexus Industria share price of $2.66, this will mean yields of 6.2% and 6.35%, respectively, for income investors.

The post Broker names 2 ASX dividend shares to buy now appeared first on The Motley Fool Australia.

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More reading

• 3 ASX 300 company earnings results you might have missed

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 Global Lithium Resources Ltd (ASX: GL1) share price stumbled into the red today, finishing the day 4.68% lower at $2.65.

Despite reaching its 52-week highs of $2.93 last Thursday, the share has taken a sharp reversal and now trades more than 9.5% off that point.

Today investors sold off Global Lithium shares following a company announcement.

Why did investors sell Global Lithium today?

The company released results from the second round of preliminary metallurgical test work carried out after diamond core drilling from the Marble Bar Lithium Project.

Specifically, Global says that BGRIMM Technology Group has been engaged by the company to carry out the test work in Beijing, China.

Global notes the preliminary test work achieved “excellent results”, leading to the potential development of flow sheets and other processing options.

Speaking on the release, Global Lithium Managing Director Ron Mitchell said:

This second round of preliminary results from the ongoing metallurgical test work for our MBLP continue to impress with grades and recoveries produced meeting industry expectations. Achieving lithium recoveries of 85% is certainly something we are excited about.

These results, as did the initial results released in August, fully support the prospect of MBLP becoming a standalone lithium operation in the years to come.

The company says that further test work is required to improve the concentrate grade and lithium recovery.

It also says that further investigation into additional trace elements will be conducted on test samples.

The down-leg in Global Lithium’s share price today is at odds with the remainder of the ASX lithium basket, itself catching a strong bid today as the price of lithium carbonate reached all-time highs again last week.

Chief to the upside is the demand-supply equation for the industry whereby demand for electric vehicles (EVs) is seeing equally as strong demand for batteries to fulfil this gap in the market.

The result has been a sustained and consistent upswing in the price of lithium for at least 12 months, creating a potential barrier to entry in the process, but also a large incentive to explore and produce the battery metal.

In the meantime, the Global Lithium share price has soared 516% in the past 12 months.

The post Global Lithium share price stumbles despite ‘positive’ step appeared first on The Motley Fool Australia.

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More reading

• 3 ASX lithium shares smashing new, all-time highs on Monday
• Global Lithium share price sinks despite lithium project update
• Back baby! 5 ASX lithium shares smashing all-time highs today
• Why is the Global Lithium Resources share price rocketing 11% today?
• Mineral Resources share price lifts amid lithium stock buy-up

Motley Fool contributor Zach Bristow 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 Micro-X Ltd (ASX: MX1) share price exploded today on news of a $15 million investment.

Micro-X shares surged 37% from 13.5 cents to 18.5 cents before retreating. The company’s shares finished the day up 26%.

Let’s take a look at what this ASX medical tech share reported.

New strategic partnership

Micro-X has formed a strategic partnership with Varex Imaging Corporation (NASDAQ: VREX). Varex is said to be the biggest independent manufacturer of x-ray technology components in the world.

Varex will pay Micro-X US$5 million (about A$7.5 million) for a global exclusive licence to use Micro-X’s NEX technology. Under the deal, Varex will be able to design, make and sell multi-beam x-ray tubes using this technology.

Further, Varex will take a 9.9% stake in Micro-X via a share placement of 50,709,000 shares at 14.7 cents per share. This investment is valued at nearly $7.5 million. In total, this would take Varex’s investment in Micro-X to about $15 million.

Commenting on the news, Micro-X managing director Peter Rowland said:

This long-term investment will continue to promote Micro-X on the world stage, as a leader in innovative products and technology that is designed to make lives better.

This collaboration contributes hugely to our future growth and allows us to continue to focus on future medical and security imaging applications for our proprietary NEX Technology

Micro-X is holding an investor call at 9am on Tuesday to discuss this news.

Micro-X share price snapshot

The Micro-X share price has slid 42% in the past year, while it has fallen 33% year to date.

For perspective, the S&P/ASX 200 Health Care Index (ASX: XHJ) has fallen nearly 14% in a year.

Micro-X has a market capitalisation of about $78 million based on the current share price.

The post Guess which ASX medical tech share soared 37% at one point today appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• How many Woolworths shares does the CEO hold after his $8.4 million sell-down?
• Why is the Allkem share price bolting out the gate on Monday?
• Leading brokers name 3 ASX shares to buy today
• Why ‘we’re quite bullish’ on this battered ASX 200 growth share: fundie

Motley Fool contributor Monica O’Shea 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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Despite posting a decent start to the week, the S&P/ASX 200 Index (ASX: XJO) slipped into the red on Monday afternoon. The index closed 0.29% lower at 6,719.9 points today.

Its slip followed a rough Friday on Wall Street. The Dow Jones Industrial Average Index (DJX: .DJI) ended last week with a 0.4% fall while the S&P 500 Index (SP: .INX) fell 0.7% and the Nasdaq Composite Index (NASDAQ: .IXIC) slumped 0.7%.

Back home, the S&P/ASX 200 Utilities Index (ASX: XUJ) was the market’s biggest weight today, diving 1.4%.

The S&P/ASX 200 Energy Index (ASX: XEJ) also posted a decline, slipping 1.1% despite oil prices remaining relatively steady on Friday.

The Brent crude oil price rose 0.6% to close 1.6% lower week on week at US$91.35 a barrel while the US Nymex crude oil price gained a single cent to end the week 1.9% lower at US$85.11 a barrel.

But not all was dire on the ASX 200 today. The S&P/ASX 200 Real Estate Index (ASX: XRE) gained 0.8% while the S&P/ASX 200 Materials Index (ASX: XMJ) lifted 0.02%.

But which share outperformed all others? Keep reading to find out.

Top 10 ASX 200 shares countdown

The Lake Resources NL (ASX: LKE) share price outperformed all others on Monday. Its 12% gain came on the back of an update on the company’s Kachi Project.

Today’s biggest gains were made by these shares:

ASX-listed company	Share price	Price change
Lake Resources NL (ASX: LKE)	$1.045	12.37%
OZ Minerals Limited (ASX: OZL)	$26.13	3.49%
Pilbara Minerals Ltd (ASX: PLS)	$4.75	3.49%
Sandfire Resources Ltd (ASX: SFR)	$3.99	3.37%
Northern Star Resources Ltd (ASX: NST)	$7.61	2.84%
Abacus Property Group (ASX: ABP)	$2.71	2.65%
St Barbara Ltd (ASX: SBM)	$0.82	2.5%
Mineral Resources Limited (ASX: MIN)	$68.00	2.43%
GPT Group (ASX: GPT)	$4.13	2.23%
Shopping Centres Australasia Property Group (ASX: SCP)	$2.53	2.02%

Our top 10 ASX 200 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

• Leading brokers name 3 ASX shares to buy today
• Why Lake Resources, Life360, Pilbara Minerals, and PolyNovo shares are storming higher
• Here are the 3 most heavily traded ASX 200 shares on Monday
• 3 ASX mining shares going gangbusters on Monday
• 3 ASX lithium shares smashing new, all-time highs on Monday

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Shopping Centres Australasia Property 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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