S&P/ASX 200 (INDEXASX: XJO) shares strongly rebounded on Tuesday as investors decided to buy up on the cheap. Despite coronavirus concerns gripping global markets, we saw optimistic signs in yesterday’s trade.
Here are 5 ASX 200 shares that climbed at least 10% higher in yesterday’s trade.
Viva Energy Group Ltd (ASX: VEA)
The Viva Energy share price rocketed 13.78% higher to lead the ASX 200 shares leaderboard on Tuesday. There were no announcements from the Aussie energy group but its share price has been smashed in recent days. An ongoing oil war between OPEC and Russia has seen oil prices plummet and hit oil and gas producers across the globe.
NRW Holdings Limited (ASX: NWH)
NRW Holdings shares rocketed 12.57% higher yesterday after days of heavy losses. Shares in the Perth-based civil and mining contractor slumped 19.72% on Monday in a disappointing day for shareholders. Yesterday’s rebound was positive for shareholders with NRW Holdings now trading at a price to earnings (P/E) ratio of 20.2 times.
Bapcor Ltd (ASX: BAP)
Shares in automotive aftermarket parts business Bapcor surged higher on Tuesday. Bapcor was high on the ASX 200 shares leaderboard yesterday after closing 12.30% higher at $5.48 per share. Bapcor’s market cap has bounced back to $1.56 billion following yesterday’s rebound.
Orora Ltd (ASX: ORA)
The Orora share price surged 12.24% higher yesterday to $2.75 at the close. The packaging company’s dividend yield is still at a healthy 4.73% despite the bounce back. However, Orora is still struggling to keep pace with other ASX 200 shares and is down 13.52% since the start of the year.
Cooper Energy Ltd (ASX: COE)
The Cooper Energy share price surged 12.20% and joined the top-performing ASX 200 shares on Tuesday. Cooper Energy shares had been hit hard by the OPEC-Russia oil war given it specialises in developing and commercialising oil and gas assets.
Forget what just happened. THIS is the stock we think could rocket next...
One little-known Australian IPO has doubled in value since January, and renowned Australian Moonshot stock picker Anirban Mahanti sees a potential millionaire-maker in waiting...
Because 'Doc' Mahanti believes this fast-growing company has all the hallmarks of genuine Moonshot potential, forget 'buy now pay later', this stock could be the next hot stock on the ASX.
Returns as of 6th October 2020
Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Bapcor. 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.
- The RBA says the recession could be over. What does it mean for your ASX shares? – October 28, 2020 9:08am
- What zero COVID-19 cases in Victoria means for ASX 200 shares – October 26, 2020 10:04am
- 3 super reasons to buy ASX 200 shares today – October 22, 2020 9:40am