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10 Companies From Down Under That’s On Top Today
As Sydney learns of its 12th death at the Newmarch House, today also marks the 250th anniversary of Captain James Cook’s arrival in Australia on 29 April 1770 through his voyage from Britain.
The S&P/ASX 200 gained 1.5% on the backdrop of strong performance in banks and energy sectors across the board.
Commonwealth Bank of Australia (ASX:CBA) gained 4.2 percent, Westpac (ASX:WBC) upped 5.2 percent, ANZ (ASX:ANZ) recovered 6.1 percent and National Australia Bank (ASX:NAB) notched 6.3 percent to round-up the gains on the index.
Brent crude finished the day at 2.4 percent higher with Australia-listed energy stocks Woodside (ASX:WPL) and Santos (ASX:STO) closing 6 and 6.4 percent higher respectively. StockPal covered Top 10 ASX Oil, Gas and Coal companies earlier today.
The Australian Dollar seemed to bounce back to pre-COVID19 levels at USD 65.35c owing to positive outlook globally and lockdown plans being eased at favorable rates.
Flexigroup (ASX:FXL) – Trading volume was 46 percent above the 20-day average on no new news. In the past year, the stock had a similar or greater gain four times at the close; it advanced in the next trading session twice (4.7 percent, on average) and declined once (12 percent). FlexiGroup (FXL) increased customers, transaction volumes, and merchants over the March quarter.
Wagners Holding (ASX:WGN) – Wagners Jumps Most in Two Years as Australia S&P/ASX 200 Gains on no new news. The company traded A$355,175 for the day.
West African Resources (ASX:WAF) – West African Resources (WAF) has finalised an agreement to acquire 100 per cent of the Toega gold deposit from B2Gold and GAMS-Mining F&I. The shares increased to 75 Australian cents from 64 Australian cents in the previous session. Trading volume was almost triple the 20-day average.
The Reject Shop (ASX:TRS) – Reject Shop Ltd rose 16 percent, the most in more than four years. Stock advanced 46 percent in the past 52 weeks. The Australia S&P/ASX 200 lost 15 percent.
Orbital Corporation (ASX:OEC) – Announced on the 23rd of April 2020 that they signed a contract with Northrop Grumman to develop a new Hybridge UAV propulsion system. Orbital now has clients such a Boeing and one of Singapore’s largest defence companies.
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The S&P/ASX200 Index retreated 0.7 percent on Friday but gained 0.6 percent over the course of the week despite three losing days.
Banks bucked the trend as Australia and New Zealand Banking Group (ASX:ANZ) grew 1.6 percent, National Australia Bank (ASX:NAB) firmed 0.3 percent, Commonwealth Bank of Australia (ASX:CBA) and Westpac (ASX:WBC) both added 0.1 percent while Macquarie Group (ASX:MQG) reversed 1.5 percent.
Iron ore producers were in the red as Rio Tinto (ASX:RIO) plunged 3.3 percent, BHP Group (ASX:BHP) dumped 2.2 percent, Newcrest Mining (ASX:NCM) fell 0.9 percent and Fortescue Metals Group (ASX:FMG) dipped 0.7 percent.
‘Buy-now, pay-later’ sector were the biggest losers as Splitit (ASX:SPT) nosedived 6.6 percent, Zip Co (ASX:Z1P) slashed 5.3 percent, Openpay (ASX:OPY) slid 4.9 percent, Sezzle (ASX:SZL) dumped 4 percent and Afterpay (ASX:APT) ditched 2.5 percent.
- Bougainville Copper Limited (ASX:BOC) +25 percent
- Mandrake Resources Limited (ASX:MAN) +21.4 percent
- Magnis Energy Technologies Limited (ASX:MNS) +17.3 percent
- Auroch Minerals Limited (ASX:AOU) +17.1 percent
- Vango Mining Limited (ASX:VAN) +16.1 percent
- Rox Resources Limited (ASX:RXL) +15.2 percent
- Elixir Energy Limited (ASX:EXR) +14.9 percent
- Cadence Capital Limited (ASX:CDM) +12.4 percent
- EcoGraf Limited (ASX:EGR) +11.7 percent
- 99 Technology Limited (ASX:NNT) +11.4 percent
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The S&P/ASX200 Index reversed Wednesday’s 0.8 percent gains as most sectors with the exception of real estate and financials.
Banks continues its fine run as Australia and New Zealand Banking Group (ASX:ANZ) advanced 3 percent, National Australia Bank (ASX:NAB) notched 2.4 percent, Westpac (ASX:WBC) climbed 1.3 percent, Commonwealth Bank of Australia (ASX:CBA) added 1.1 percent while Macquarie Group (ASX:MQG) pegged back 0.9 percent.
Iron ore producers were below par as Rio Tinto (ASX:RIO) dived 6.2 percent, Newcrest Mining (ASX:NCM) dumped 3.3 percent, BHP Group (ASX:BHP) slashed 3.1 percent and Fortescue Metals Group (ASX:FMG) retreated 2.6 percent.
‘Buy-now, pay-later’ sector was disappointing as OpenPay (ASX:OPY) plunged 5.6 percent, Zip Co (ASX:Z1P) crashed 4.4 percent, Sezzle (ASX:SZL) fizzled 3.4 percent, Afterpay (ASX:APT) cut 2 percent and Splitit (ASX:SPT) dipped 0.9 percent.
- Tasman Resources Ltd (ASX:TAS) +85.2 percent
- Vimy Resources Limited (ASX:VMY) +36.8 percent
- Navarre Minerals Limited (ASX:NML) +14.3 percent
- Eagle Mountain Mining Limited (ASX:EM2) +13.4 percent
- 88 Energy Limited (ASX:88E) +11.1 percent
- Odyssey Gold Limited (ASX:ODY) +9.4 percent
- Kin Mining NL (ASX:KIN) +9.1 percent
- ImpediMed Limited (ASX:IPD) +9.1 percent
- AVZ Minerals Limited (ASX:AVZ) +8.6 percent
- IXUP Limited (ASX:IXU) +8.3 percent
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The S&P/ASX200 rebounded 0.8 percent on Wednesday with the mining sector ending particularly strongly at 3.1 percent positive overall.
Banks were in the green as Australia and New Zealand Banking Group (ASX:ANZ) advanced 2.5 percent, National Australia Bank (ASX:NAB) climbed 1.7 percent, Westpac (ASX:WBC) added 1.5 percent, Commonwealth Bank of Australia (ASX:CBA) added 1.1 percent and Macquarie Group (ASX:MQG) firmed 0.6 percent.
Iron ore producers were the biggest winners as Fortescue Metals Group (ASX:FMG) soared 5.7 percent, BHP Group (ASX:BHP) surged 3.5 percent, Rio Tinto (ASX:RIO) jumped 2 percent and Newcrest Mining (ASX:NCM) rose 1.6 percent.
‘Buy-now, pay-later’ sector was pretty mixed as Splitit (ASX:SPT) sprung 3.6 percent, Zip Co (ASX:Z1P) leaped 2.1 percent, OpenPay (ASX:OPY) improved 1.1 percent while Afterpay (ASX:APT) retreated 2.2 percent and Sezzle (ASX:SZL) descended 1 percent.
- Vital Metals Limited (ASX:VML) +25.8 percent
- Bannerman Resources Limited (ASX:BMN) +23.8 percent
- Armour Energy Limited (ASX:AJQ) +23.5 percent
- RareX Limited (ASX:REE) +23.1 percent
- Infinity Lithium Corporation Limited (ASX:INF) +18.8 percent
- TAO Commodities Limited (ASX:TAO) +16.8 percent
- Hawkstone Mining Limited (ASX:HWK) +15 percent
- Tigers Realm Coal Limited (ASX:TIG) +14.3 percent
- Ramelius Resources Limited (ASX:RMS) +13.7 percent
- Redbank Copper Limited (ASX:RCP) +13 percent
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