The S&P/ASX 200 Index closed relatively flat today at 0.3 percent higher.

Zip Co (ASX:Z1P) skyrocketed 38.7 percent after news of its latest buyout of New York-based QuadPay for AUD 403 million as they look to expand into the largest retail in the world, USA, worth over USD 5 trillion or approximately 15 times of the Australian market. This puts pressure on its nearest competitor in US, Afterpay (ASX:APT), as both ASX-listed firms are looking to dominate the US market.

Scentre Group (ASX:SCG) surged 5.5 percent while Macquarie Group (ASX:MQG) and Transurban (ASX:TCL) rose 2.6 percent and 1.6 percent respectively. Elsewhere, Perenti Global (ASX:PRN) soared 13.4 percent, Domain Holdings (ASX:DHG) firmed 9.9 percent and Boral (ASX:BLD) continued its streak to close 6.3 percent higher in spite of Monday’s healthy 6.7 percent increase.

The blue chips that took most of the drop today includes Newcrest Mining (ASX:NCM) sliding 2.2 percent, Westpac (ASX:WBC) losing 0.9 percent andBHP Group (ASX:BHP) trading 0.8 percent lower.

Zip Co Ltd (ASX:Z1P)
Z1P topped our chart with an impressive 38.7 gained in a single trading day, after news of its full acquisition in QuadPay for AUD 403 million to put further pressure with fellow “buy now, pay later” competitor, Afterpay (ASX:APT). This follows fresh news on Monday of an American PE firm inject funds as they bid to penetrate the ever growing retail market in the US. The convertible notes are believe to worth in the region of AUD 100-200 million.

Novonix Ltd (ASX:NVX)
On 15 May, NVX announced it has a breakthrough in making battery materials and trading at an astounding 36 percent higher. On 19 May, it was up 15.3 percent after the bell to continue its fine run after it has filed a patent for the new battery making process. Today, it trades at an astonishing 31.7 percent to carry its momentum from May.

Splitit Payments Ltd (ASX:SPT)
Card-based instalment payment solutions provider SPT rose 29.3 percent today after its announcement of quarterly update on Monday that constitutes encouraging news. Merchant sales volume (MSV) is reported to had improved by over 18 percent to USD 23.7 million as compared to previous corresponding period. Revenue was up a massive 104 percent to USD 657,000 on pcp. Merchants numbers were up 108% to 862.

Aurelia Metals Ltd (ASX:AMI)
AMI released encouraging quarter to date production figures earlier today to put its share over 24 percent higher than Monday despite the global COVID-19 pandemic. The preliminary figures include Gold – 16.3koz; Copper – 1.25kt; Lead: – 3.3kt and Zinc – 2.3kt. These puts AMI on track for a major improvement in its quarter-on-quarter production results.

Openpay Group Ltd (ASX:OPY)
On Monday, OPY finished the day up 26.7 percent after announcing it had secured GBP 25m in funding from Global Growth Capital to support its UK business. 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. Today, it is up a further 21.7 percent to continue its fine run.

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The S&P/ASX200 Index went up 1.1 percent today to recover from the 1.6 percent decline last Friday.

The Mining sector performed well today again as Fortescue Metals Group (ASX:FMG) soared 6.4 percent. Rio Tinto (ASX:RIO) and BHP Group (ASX:BHP) recorded gains of 4.1 percent and 3.1 percent respectively.

The Banking blue chips performed marginally well with ANZ (ASX:ANZ) firming 0.9 percent, National Australia Bank (ASX:NAB) up 0.8 percent and Commonwealth Bank (ASX:CBA) just closing 0.2 percent higher for the day.

Other blue chips performed mixed, with notable names such as Wesfarmers (ASX:WES) advancing 0.7 percent while Woolworths (ASX:WOW) and Telstra (ASX:TLS) declined 0.2 percent and 0.6 percent respectively.

Elsewhere, construction-related stocks performed well as ADBRI (ASX:ABC) surged 8.8 percent, Boral (ASX:BLD) rose 6.7 percent and Fletcher Building (ASX:FBU) gaining 5.3 percent.

Onevue Holdings Ltd (ASX:OVH)
OVH today topped the chart with a massive 56.3 percent gains after announcement of IRESS acquiring OneVue today. IRESS CEO, Andrew Walsh explained the move: “With structural shifts and changing market dynamics, our strategy is to continue to generate long-term growth opportunities, leveraging technology and automation, while helping clients achieve efficiency, compliance and growth.”

Openpay Group Ltd (ASX:OPY)
OPY finished the day up 26.7 percent after announcing it had secured GBP 25m in funding from Global Growth Capital to support its UK business. 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.

Zoono Group Ltd (ASX:ZNO)
Antimicrobial company, Zoono, surged 21.6 percent today to end in the top 3. ZNO has seen its share price rose tremendously during this COVID-19 pandemic as demand for hand sanitisers and anti-bacterial products continue to grow in demand. On 5 May releasing to the market that B2B sales were in excess of NZ$11.0 million (unaudited) for the month of April 2020. Zoono also has signed distribution agreements in Europe and has West Yorkshire Police sign a non-binding agreement to take supply of 140,000 50 ml hand sanitizer units and refills. Sales are geographically diverse from India to Hong Kong.

Challenger Exploration Ltd (ASX:CEL)
Junior Gold explorer, CEL, was up 19.6 percent having recently announced on 26 May that its Colorado V Project in Ecuador confirmed  the presence of a large-scale gold system after initial results from assaying historical holes. Kris Knauer, Managing Director, mentioned these results indicate the potential presence of a large-scale gold system and that assaying of holes along strike from ZK-02 will now be prioritised.

Blackham Resources Ltd (ASX:BLK)
BLK traded 18.8 percent higher today after recently releasing an ASX announcement titled “Outstanding drill results confirm Wiluna sulphide strategy”. These results from recent drilling at the Essex and Bulletin lodes include 14.45m at 17.16 grams per tonne gold from 18.95m; 12.4m at 7.93g/t gold; 12m at 7.01g/t gold; and 6m at 53.73g/t gold, including 1m at 283g/t gold.

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The S&P/ASX200 Index was up five week-in-a-row to close at 4.7 percent higher despite falling 1.6 percent today. This is also the best back-to-back monthly advance since July 2019.

The big four Banking blue chips slid across the board on Friday despite performing decently for the week as Westpac (ASX:WBC) fell 6 percent, National Australia Bank (ASX:NAB) conceded 5.2 percent, ANZ (ASX:ANZ) and Commonwealth Bank (ASX:CBA) both lost 4.5 percent and 3 percent respectively.

Mining sector performed generally well today especially those in the Gold industry — Northern Star (ASX:NST) surged 7.6 percent, Evolution Mining (ASX:EVN) firmed 4.3 percent and Newcrets (ASX:NCM) gained 2.6 percent.

Biopharmaceutical giant CSL (ASX:CSL) retreated 3.9 percent on Friday making it the fourth worst performer on the Index for May with a month-to-date drop of 10.7 percent.

Motorcycle Holdings Ltd (ASX:MTO)
MTO took the top spot today to close 23.6 percent higher. It was also in the top 3 spot last Friday when it gained 18.6 percent on its road to recovery ever since the turnaround in share price since 25 March. As quoted from MTO’s website: “MotorCycle Holdings is Australia’s leading motorcycle dealership and accessories group with 48 franchises operated from 31 dealership and 8 retail accessory locations in Queensland, New South Wales, Victoria and the Australian Capital Territory. MotorCycle Holdings’ core business consists of the ownership and operation of motorcycle dealerships and retail accessories outlets engaging in the sale of new motorcycles, used motorcycles, accessories and parts, finance, insurance and warranty as well as service and repair. MotorCycle Holdings also owns and operates a rider training school and a motorcycle repair business which performs smash repair work for insurers. In October 2017 the Group acquired of Cassons Pty Ltd and now also operates a motorcycle accessories wholesaling business. The Company represents a diverse portfolio of brands. In the new motorcycle category MotorCycle Holdings sells 8 of the top 10 selling motorcycle brands in Australia (by number of new motorcycle sales). In 2018 these 8 brands represented 88% of Australian new motorcycle volume. In the used motorcycle category the Company sells all of the top 10 selling brands (by number of used motorcycle sales) in Australia.”

Highfield Resources Ltd (ASX:HFR)
HFR’s share price went up 17.6 percent today after recent AGM presentation on Wednesday. HFR is progressing with drilling at the Vipasca permit area within the project and has updated the ore reserve estimate for Muga to 108.7 million tonnes of proved and probable reserves at 10.2% potassium oxide, with 27 years life of mine.

Calidus Resources Ltd (ASX:CAI)
Share price for CAI was up 17.5 percent today. On Wednesday, CAI announced to acquire Otways Project near Warrawoona which it can earn an interestof  up  to  70%  in  tenements  that  host  the  Otways  Project  and  Reedies  porphyry  prospect, 50km from its flagship Warrawoona Gold Project in WA’s Pilbara.

Blackham Resources Ltd (ASX:BLK)
On Tuesday, BLK released an ASX announcement titled “Outstanding drill results confirm Wiluna sulphide strategy”. These results from recent drilling at the Essex and Bulletin lodes include 14.45m at 17.16 grams per tonne gold from 18.95m; 12.4m at 7.93g/t gold; 12m at 7.01g/t gold; and 6m at 53.73g/t gold, including 1m at 283g/t gold.

Triton Minerals Ltd (ASX:TON)
Graphite producer, TON saw its share price up 13 percent on Friday. According to Triton’s 14 May ASX announcement: “Triton notes that the change in the price of Triton securities and the significant increase in the volume of securities traded may also be prompted by increased investor confidence in the Company from previous announcements in March 2020 and April 2020. The Company has previously announced that its strategic partners had advised that business was returning to normal in China following the rapid Chinese response to COVID-19 and that the Board anticipated the acceleration of financing discussions in China and construction to commence in Q3 2020. In addition, the Chairman of the Company’s largest shareholder provided a strong message of support for the Company, expressing confidence in a very positive future for Triton.”

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