3 ASX 200 shares having a super start to the week

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

| More on:

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.

heavy lifting, lifting index, carrying weight, boy lifting dumbbell above his head

Image source: Getty Images

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

a woman wearing a sparkly strapless dress leans on a neat stack of six gold bars as she smiles and looks to the side as though she is very happy and protective of her stash. She also has gold fingernails and gold glitter pieces affixed to her cheeks.
Share Gainers

If I'd invested $10,000 in this ASX 200 gold stock 3 years ago I'd have $101,538 today!

Investors have sent this ASX gold stock surging 915% in just three years. Let's see why.

Read more »

Two men celebrate while another holds his head in his hands, after watching the race.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a pleasant end to the trading week today.

Read more »

Two happy and excited friends in euphoria holding a smartphone, after winning in a bet.
Share Gainers

Why Appen, Guzman Y Gomez, Monadelphous, and PMET shares are racing higher today

These shares are ending the week on a positive note. But why?

Read more »

Five young people sit in a row having fun and interacting with their mobile phones.
Share Gainers

4 ASX 200 stocks rocketing higher this week

Investors sent these four ASX 200 shares flying higher this week. But why?

Read more »

A panel of four judges hold up cards all showing the perfect score of ten out of ten
Share Gainers

Here are the top 10 ASX 200 shares today

Investors were back to the races this Thursday.

Read more »

A businessman looking at his digital tablet or strategy planning in hotel conference lobby. He is happy at achieving financial goals.
Share Gainers

Why Brightstar, Catapult Sports, IperionX, and Zip shares are charging higher

These shares are having a strong session on Thursday. What's going on?

Read more »

A woman's hand draws a stylised 'Top Ten' on a projected surface.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a rather woeful Wednesday for investors.

Read more »

A man clenches his fists in excitement as gold coins fall from the sky.
Share Gainers

Why Catapult, GenusPlus, Meeka Metals, and TechnologyOne shares are pushing higher today

These shares are avoiding the market weakness on hump day. But why?

Read more »