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10 ASX Frontrunners On TGIF
On the back of the best month the ASX has recorded since March 1988, gaining 8.8 percent in a April 2020 alone, the Index S&P/ASX 200 however fell sharply over 5 percent to halt a 10-day winning-streak and wiping out most of the gains during the week.
The gainers in Banks the past few days led the reversal with ANZ (ASX:ANZ) losing 6.8 percent, Commonwealth Bank (ASX:CBA) wiping off 6.1 percent, Westpac (ASX:WBC) shaving off 5.8 percent and National Australia Bank (ASX:NAB) went 4.8 percent under to round up the Financials sector.
Mining stocks lost the momentum that was carrying the past week with BHP Group (ASX:BHP) dropping 7.8 percent, Newcrest Mining (ASX:NCM) and Rio Tinto (ASX:RIO) lost 8.7 percent and 5.6 percent respectively.
Elsewhere, Janus Henderson (ASX:JHG) gained 8.2 percent, Fisher & Paykel Healthcare (ASX:FPH) upped 4.9 percent and ResMed (ASX:RMD) advanced 3.3 percent to make up three of only seven stocks on the 200-strong Index which closed higher on Friday.
Openpay Group (ASX:OPY)
finished the day up 19.30% from A$1.02 from 86 Australian cents in the previous session. The company had released their quarterly updated on the 30th of April 2020. In Australia, the company has launched ‘Openpay for Business’ with Woolworths as its inaugural client. Integration is underway with revenues expected from H1FY21.
Aeris Environmental (ASX:AEI)
The shares increased to 63 Australian cents from 57 Australian cents in the previous session. The company reported record sales revenue of $4,020,000 in the March 2020 quarter, with revenue for the nine months to 31 March 2020 of $7,250,000.
Galena Mining Ltd (ASX:G1A)
Trading volume was almost 30 times the 20-day average on the back of acquiring the Higginsville pastefill plant for use at Abra Base Metals Project. The deal was done in consideration of 11.6 million Galena shares, worth around $2.25 million.
Anglo Australian Resources (ASX:AAR)
Anglo Australian Resources NL rose 7.4 percent while the country’s benchmark index declined. The company released its quarterly on the 29th of April 2020. Significant recapitalisation of the Company completed during the quarter, with a total of $5.88 million.
iCar Asia Limited (ASX:ICQ)
Shares rose 7.3 percent. Trading volume was 72 percent below the 20-day average. The company released their annual report on the 29th of April 2020. The company had $6.8m of cash and revenues of $14.8m which was a year on year growth rate of 28.8%.
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The S&P/ASX200 Index charged 1.1 percent as nearly all sectors ended higher on Friday.
Major banks rebounded strongly as Macquarie Group (ASX:MQG) lifted 2.9 percent, Commonwealth Bank of Australia (ASX:CBA) advanced 1.1 percent, Westpac (ASX:WBC) added 0.8 percent, Australia and New Zealand Banking Group (ASX:ANZ) gained 0.6 percent and National Australia Bank (ASX:NAB) edged 0.3 percent.
Iron ore producers ended higher overall as BHP Group (ASX:BHP) unearthed 2.5 percent, Rio Tinto (ASX:RIO) notched 2.4 percent, Newcrest Mining (ASX:NCM) rose 0.4 percent while Fortescue Metals Group (ASX:FMG) dumped 1.7 percent.
‘Buy-now, pay-later’ sector finished impressively as Block (ASX:SQ2) soared 5.9 percent, Splitit (ASX:SPT) surged 1.7 percent, Sezzle (ASX:SZL) climbed 1 percent, Zip Co (ASX:ZIP) scored 0.6 percent while Openpay (ASX:OPY) dumped 4.1 percent.
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- Galileo Mining Ltd (ASX:GAL) 20.6 percent
- Pengana Capital Group Limited (ASX:PCG) 19.8 percent
- Minbos Resources Limited (ASX:MNB) 17.2 percent
- PointsBet Holdings Limited (ASX:PBH) 16.4 percent
- Ora Banda Mining Limited (ASX:OBM) 13.5 percent
- RedFlow Limited (ASX:RFX) 12.8 percent
- Limeade, Inc. (ASX:LME) 12.5 percent
- NICO Resources Limited (ASX:NC1) 12.5 percent
- Lion One Metals Limited (ASX:LLO) 12.3 percent
- Jade Gas Holdings Limited (ASX:JGH) 11.3 percent
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The S&P/ASX200 Index fell 0.7 percent as all sectors besides Tech struggled on Thursday.
Major banks reversed all gains as Commonwealth Bank of Australia (ASX:CBA) slid 0.7 percent, Australia and New Zealand Banking Group (ASX:ANZ) lost 0.4 percent, Macquarie Group (ASX:MQG) and National Australia Bank (ASX:NAB) both lost 0.3 percent while Westpac (ASX:WBC) edged 0.1 percent.
Iron ore producers were below par as Fortescue Metals Group (ASX:FMG) dumped 3.7 percent, Newcrest Mining (ASX:NCM) crashed 2.5 percent, Rio Tinto (ASX:RIO) ditched 1.1 percent and BHP Group (ASX:BHP) retreated 0.9 percent.
‘Buy-now, pay-later’ sector rebounded overall as Splitit (ASX:SPT) soared 7.3 percent, Sezzle (ASX:SZL) surged 5.1 percent, Block (ASX:SQ2) climbed 1.2 percent, Zip Co (ASX:ZIP) lifted 0.6 percent while Openpay (ASX:OPY) plunged 5.8 percent.
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- Galileo Mining Ltd (ASX:GAL) 49.2 percent
- Appen Limited (ASX:APX) 29.2 percent
- Anteris Technologies Ltd (ASX:AVR) 16.5 percent
- Rubicon Water Limited (ASX:RWL) 15.7 percent
- Terramin Australia Limited (ASX:TZN) 14.3 percent
- Magnetite Mines Limited (ASX:MGT) 12.5 percent
- Cynata Therapeutics Limited (ASX:CYP) 12.5 percent
- LiveHire Limited (ASX:LVH) 11.1 percent
- FINEOS Corporation Holdings plc (ASX:FCL) 10.8 percent
- Horizon Oil Limited (ASX:HZN) 10.7 percent
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Top 10 ASX stocks with Market Capitalisation above AUD 50m
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The S&P/ASX200 Index lifted 0.4 percent despite Tech losing 3 percent on Wednesday.
Major banks ended mostly higher as National Australia Bank (ASX:NAB) charged 1.8 percent, Westpac (ASX:WBC) rose 1.4 percent, Commonwealth Bank of Australia (ASX:CBA) and Australia and New Zealand Banking Group (ASX:ANZ) both grew 1 percent while Macquarie Group (ASX:MQG) dipped 0.3 percent.
Iron ore producers were split again as Rio Tinto (ASX:RIO) notched 1.3 percent, Newcrest Mining (ASX:NCM) rebounded 0.9 percent while BHP Group (ASX:BHP) nosedived 10 percent and Fortescue Metals Group (ASX:FMG) shed 0.4 percent.
‘Buy-now, pay-later’ sector was a sea of red as Block (ASX:SQ2) plummeted 5.5 percent, Sezzle (ASX:SZL) plunged 3.9 percent, Zip Co (ASX:ZIP) retreated 2.9 percent, Splitit (ASX:SPT) and Openpay (ASX:OPY) both traded flat.
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- Metarock Group Limited (ASX:MYE) 27.3 percent
- Minbos Resources Limited (ASX:MNB) 19.2 percent
- Peet Limited (ASX:PPC) 18.5 percent
- Namoi Cotton Limited (ASX:NAM) 14 percent
- IRIS Metals Limited (ASX:IR1) 12.5 percent
- Pancontinental Energy NL (ASX:PCL) 12.5 percent
- Develop Global Limited (ASX:DVP) 11.9 percent
- Swoop Holdings Limited (ASX:SWP) 11.9 percent
- Clarity Pharmaceuticals Ltd (ASX:CU6) 10.8 percent
- Comet Ridge Limited (ASX:COI) 9.4 percent
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