Insights

Which ASX shares are leading the way on the ASX 300?

The ASX 300 is starting the week in negative territory.
The post Which ASX shares are leading the way on the ASX 300? appeared first on The Motley Fool Australia. –

The S&P/ASX 300 Index (ASX: XKO) is off to a poor start on Monday, erasing all of last week’s gains.

During morning trade, the ASX 300 is down 0.66% to 7,478 points. Currently, the index is around 2.2% off its all-time high of 7,625 points reached on 13 August.

Let’s take a look at which ASX companies are the biggest movers today.

Alumina Limited (ASX: AWC)

The Alumina share price soared 9.27% to $2.18 in early morning trade, despite no market-sensitive news out of the company today.

The alumina producer released its half-year results to the market late last month, highlighting record bauxite and alumina production.

However, after the company’s shares reached a 52-week high of $2.18 today, investors have been quick to take profit. At the time of writing, Alumina shares are trading at $2.075, up 4%.

Liontown Resources Limited (ASX: LTR)

The Liontown Resources share price is storming higher with a 5.47% gain to $1.06.

The emerging lithium producer will be added to the ASX 300 index after surging in value due to investor interest. This will occur on 20 September.

Liontown Resources is focusing on developing its world-class Kathleen Valley Lithium Project.

Tyro Payments Ltd (ASX: TYR)

Another strong mover for the start of the week is the Tyro share price, up 4.13% to $3.90.

The payments company provided its weekly trading update to the ASX, revealing an increase in revenue for August. As such, earnings for last month have grown 20% to $2.048 billion compared to the prior corresponding period.

Management also noted that the strong tailwinds have continued into FY22, with September revenue up 13% on September 2020’s result.

Tyro Payments will be included in the ASX 200 index.

And which ASX 300 companies are heading the other way?

Hansen Technologies Limited (ASX: HSN)

Freefalling today is the Hansen share price, down 8.75% to $5.63.

The billing technology company advised that BGH Capital has withdrawn its offer to acquire 100% of the shares in Hansen.

Previously, BGH Capital tabled an offer to buy each Hansen share at $6.50 apiece.

The decision to withdraw from the proposal followed the conclusion of BGH’s extensive due diligence. However, no particular reason was given to the market.

Fortescue Metals Group Limited (ASX: FMG)

Also being weighed down by investors today is the Fortescue share price, down 9.26% to $18.92. The iron ore mining giant is trading ex-dividend today.

This means that investors who held Fortescue shares beforehand could sell their holding now and still be eligible for the upcoming dividend.

The board declared a fully-franked final dividend of $2.11 per share, which will land in shareholder accounts on 30 September.

The post Which ASX shares are leading the way on the ASX 300? appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

More reading

ASX 200 midday update: Fortescue & Pro Medicus sink, gold miners rise

Why Tyro (ASX:TYR) and SeaLink (ASX:SLK) share prices could be moving up
Hansen (ASX:HSN) share price sinks 13% after withdrawn acquisition proposal
Why the Fortescue (ASX:FMG) share price is crashing 11% today
ASX 200 Weekly Wrap: ASX puts earnings season to bed with another rise

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Hansen Technologies and Tyro Payments. 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 Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!