3 ASX 200 shares having a super start to the week

What's driving these ASX 200 stocks to outperform the market?

| More on:
heavy lifting, lifting index, carrying weight, boy lifting dumbbell above his head

Image source: Getty Images

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

Monday has shaped up to be a good day for the S&P/ASX 200 Index (ASX: XJO), and an even better one for these three ASX 200 shares. They're each outperforming in the index on the back of exciting updates.

For context, the index is currently 0.5% higher than it was at the end of last week.

So, what's driving these ASX 200 shares upwards on Monday? Let's take a look.

3 ASX 200 shares taking off today

Core Lithium Ltd (ASX: CXO)

It's a good day for owners of Core Lithium stock. The ASX 200 share is currently 9% higher than it was at Friday's close, trading for $1.605.

The Northern Territory-focused lithium developer released an update on its exploration activities this morning, detailing lithium and gold finds. On top of that, it updated the market on two exploration grants.  

BlueScope Steel Limited (ASX: BSL)

Monday has also brought gains for ASX 200 steel producer BlueScope. Its share price is up 4.9% right now, trading at $17.72.

Its gain comes on the back of the company's full year earnings, released to the market this morning.

BlueScope saw a 48% jump in sales revenue in financial year 2022 compared to that of the prior corresponding period (pcp), as well as a 135% increase in net profit after tax (NPAT) and a 119% lift in earnings before interest and tax.

GPT Group (ASX: GPT)

Finally, shares in ASX 200 diversified property giant GPT Group are also taking off today. They've gained 5.5% at the time of writing to swap hands for $4.535 apiece.

That's despite the company reporting mixed results for the first half of 2022 today.

GPT saw its funds from operations increase 8% last half compared to that of the pcp, while its net tangible assets per security lifted 2.8%. However, its NPAT slumped 30% while it dropped its interim dividend by 4.5% to 12.7 cents per share.

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 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.

More on Share Gainers

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

Let's also take a look at what the various ASX sectors were doing this Wednesday.

Read more »

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

Why Argosy Minerals, Immutep, Pointsbet, and Regis Resources shares are racing higher

These shares are having a strong session on Wednesday. But why?

Read more »

Businessman smiles with arms outstretched after receiving good news.
Share Gainers

Here are the top 10 ASX 200 shares today

It was another strong showing from the share market today.

Read more »

A young woman holding her phone smiles broadly and looks excited, after receiving good news.
Share Gainers

Healthco Healthcare, Medadvisor, Ramsay Health Care, and Tamboran shares are rising

These shares are having a strong session. But why?

Read more »

drug capsule opening up to reveal dollar signs signifying rising asx share price
Share Gainers

If you invested $6,000 in Mesoblast shares a month ago you'd have $15,636 now!

Mesoblast shares have been on a tear this past month. But why?

Read more »

Smiling man working on his laptop.
Share Gainers

Here are the top 10 ASX 200 shares today

It was back to the races for ASX shares today, in a confident start to the week.

Read more »

rising gold share price represented by a green arrow on piles of gold block
Share Gainers

Here are the top 10 ASX 200 shares today

It was a horrible way to end the trading week today for ASX investors.

Read more »

Female miner smiling at a mine site.
Share Gainers

Up 834% in a year, guess which ASX mining stock is hitting new all-time highs today

The ASX mining stock has gone from strength to strength over the past year.

Read more »