Market News
Top 10 Performing ASX Companies For Week Of 24 April 2020
Given the bounce back of the ASX since late March amidst this COVID-19 pandemic, StockPal looked at the Top 10 Performers on the ASX for this week-to-date and tabulated the following companies.
The top performer for the week was Jupiter Energy (ASX:JPR) which ended up trading at 16 times the 20 day average based on volumes. The share price is up 3,650 percent in the last 5 days and is currently in a trading halt.
The S&P/ASX 200 rose 0.49 percent, or 25.51 to 5,242.62. The MSCI AC Asia Pacific Index advanced 0.77 percent.
Quick Facts:
• Energy stocks led the market higher, as 7 of 10 sectors rose; 108 shares rose, while 81 fell on the ASX 200.
• Southern Cross Media contributed the most to the index gain and had the largest move, increasing 13 percent.
• Nearmap was the biggest drag on the index and had the biggest drop, declining 5.95 percent.
Insights:
• So far this week, the S&P/ASX 200 index fell 4.5 percent, heading for the biggest decline since the week ended March 20
• This month, the index rose 3.3 percent
• The S&P/ASX 200 declined 17.9 percent in the past 52 weeks. The MSCI AC Asia Pacific Index lost 12.3 percent in the same period
• The S&P/ASX 200 is 27.2 percent below its 52-week high on Feb. 20, 2020 and 19.1 percent above its low on March 23, 2020
• Australia S&P/ASX 200 is trading at a price-to-earnings ratio of 16.1 on a trailing basis and 16.8 times estimated earnings of its members for the coming year
• The index’s dividend yield is 5.33 percent on a trailing 12-month basis
• Australia S&P/ASX 200‘s members have a total market capitalization of A$1.58 trillion
• 30-day price volatility fell to 64.24 percent compared with 68.11 percent in the previous session and the average of 69.25 percent over the past month.
Macro View:
• The Australian dollar fell 0.22 percent to 0.6356 against the U.S. dollar
• The benchmark 10-year bond fell and the yield rose 0.25 basis points to 0.892 percent. Credit default swaps widened 0.8 basis points to 30.92
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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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