Why the Lynas Corporation Limited share price is among 4 shares rising today

The Asaleo Care Ltd (ASX:AHY) share price is also going gangbusters today.

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The S&P /ASX 200 (ASX: XJO) is down 0.5% in morning trade as investors continue to worry about the US / China trade dispute and the inversion of the yield curve that many worry is a sign of tough economic times ahead for the US and global economy.

Despite the worries there are a few shares moving higher on the local market today. So let's take a look why.

The Lynas Corporation Limited (ASX: LYC) share price is up 2% to $1.70 after losing around 23% of its value yesterday on the back of a ruling by a Malaysian government inquiry that the Malaysia-based rare earths miner must follow more stringent procedures for the disposal of waste that contains radioactive materials.

This process would reportedly involve Lynas having to construct a new waste disposal facility at a significant cost if it is to maintain its operating license in Malaysia. Today's share price rebound is probably the result of bargain hunters thinking the stock has been oversold.

The Computershare Limited (ASX: CPU) share price is up 3% to $17.92 today despite the share registry business releasing no specific news to the market. This morning widely followed research house Morningstar reportedly raised Computershare shares to a "hold" rating. Computershare has a very impressive long-term track record of growth backed up by its strong competitive position. In FY 2019 it is forecasting earnings per share growth around 10%.

The AGL Energy Ltd (ASX: AGL) share price is up 2% to $19.52 today, despite the electricity retailer releasing no specific news to the market. AGL shares are actually down around 20% over the past year however, as investors discount its lofty valuation partly on concerns around changing government energy policy and the regulatory framework. The high and rising electricity bills of consumers are in the sights of the federal government that is already moving to force power prices down.

The Asaleo Care Ltd (ASX: AHY) share price is up 30 cents or 48% to 92 cents today after the group revealed it has agreed a deal to sell its Australian consumer tissue business for $180 million. The fast moving consumer goods group will keep its consumer tissue business in New Zealand and the Pacific Islands, B2B, and other Australian personal care operations. It reports that investors can expect rising profit margins as a result of the sale.

Motley Fool contributor Yulia Mosaleva has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Computershare. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Gainers

A happy young couple lie on a wooden deck using a skateboard for a pillow.
Share Gainers

These were the best-performing ASX 200 shares in March

These shares made their shareholders smile in March thanks to some very big gains.

Read more »

Stock market chart in green with a rising arrow symbolising a rising share price.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a massive day for the ASX 200, with a new all-time high recorded.

Read more »

A man sits thoughtfully on the couch with a laptop on his lap.
Technology Shares

This ASX tech stock rocketed 60% in March! Can it keep on delivering?

After soaring in March, the ASX tech stock is now up 169% since this time last year.

Read more »

A young women pumps her fists in excitement after seeing some good news on her laptop.
Share Gainers

Why Mesoblast, Newmont, Pilbara Minerals, and Platinum shares are jumping

These ASX shares are ending the week strongly. But why?

Read more »

A young male ASX investor raises his clenched fists in excitement because of rising ASX share prices today
Share Gainers

3 ASX All Ords shares up 50%+ in March

These ASX shares have been on fire this month. But why?

Read more »

Woman looks amazed and shocked as she looks at her laptop.
Share Gainers

Why Mesoblast, Patriot Battery Metals, Sigma, and Zip shares are pushing higher

These shares are having a good session on hump day. But why?

Read more »

Woman looks amazed and shocked as she looks at her laptop.
Consumer Staples & Discretionary Shares

If you'd put $20,000 in this ASX retail stock at the start of 2023, you'd have $134,000 now

This online retailer has executed a remarkable turnaround for its investors.

Read more »

Fancy font saying top ten surrounded by gold leaf set against a dark background of glittering stars.
Share Gainers

Here are the top 10 ASX 200 shares today

It was back to earth for ASX shares this Tuesday.

Read more »