Market News
Mid-Week Top 10 ASX Companies
The Australian Stock Exchange (ASX) today announced the departure of its Chief Compliance Officer, Kevin Lewis, on July 2020, having served in this role since 2013.
He will be succeeded by his current deputy general counsel, Janine Ryan, whom has been at ASX since joining the legal team in the 2013 as well.
The S&P/ASX 200 Index fell slightly today to close at 0.4 percent lower.
The major banks contributed to this decline with the Commonwealth Bank (ASX:CBA) and Westpac (ASX:WBC) both fell 0.8 percent and 1.5 percent respectively while National Australia Bank (ASX:NAB) was hit the hardest with 2.4 percent loss.
The decline followed across diversified sectors with National Storage REIT (ASX:NSR) losing 6.5 percent, NRW Holdings (ASX:NRW) dropping 6.1 percent and Cooper Energy (ASX:COE) closing 5.9 percent lower.
Elsewhere, amongst the notable gainers today are Appen (ASX:APX) which rose 8.8 percent, McMillan Shakespeare (ASX:MMS) advancing 9 percent and Nearmap (ASX:NEA) almost at double-digit gains with 9.6 percent.
The mining sector made little stride with Newcrest Mining (ASX:NCM) upped 3.2 percent and Fortescue Metals Group (ASX:FMG) firming 2.1 percent to round up the gainers today.
Retail Food Group Ltd (ASX:RFG)
Retail Food Group Ltd. rose 36 percent, the biggest move since the company’s IPO on 2006-06-22 while the country’s benchmark index declined. Trading volume was quadruple the average for this time of day. In the past six months,insiders increased their holdings by 310 percent. Officers and directors disclosed 750,000 shares of open market purchases at an average price of 7 Australian cents a share and no sales.
Liontown Resources Ltd (ASX:LTR)
Liontown Resources Ltd. rose 20 percent, the most in more than 11 months while the country’s benchmark index declined. Stock advanced 140 percent in the past 52 weeks. Trading volume was 67 percent above the 20-day average. Liontown Resources 100% own the Kathleen Valley Lithium spodumene project in Western Australia.
Pushpay Holdings (ASX:PPH)
The shares increased to A$5.22 from A$4.37 in the previous session. Pushpay increased its total revenue for the year ended 31 March 2020 by US$31.4 million from US$98.4 million to US$129.8 million, an increase of 32%.Pushpay achieved its Total Processing Volume guidance for the year ended 31 March 2020, increasing Total Processing Volume by US$1.4 billion, from US$3.6 billion to US$5.0 billion, an increase of 39%.
MedAdvisors Ltd (ASX:MDR)
The shares increased to 56 Australian cents from 48 Australian cents in the previous session. Trading volume was 90 percent above the 20-day average. The company now has gone live with their on-demand home delivery features which allows patients to order, pay and request their medications from the MedAdvisor App.
Kalamazoo Resources Limited (ASX:KZR)
Kalamazoo Resources shares rose 16%. The shares increased to 47 Australian cents from 41 Australian cents in the previous session. Trading volume was 73 percent above the 20-day average. The company has recently obtained investment from Eric Sprott and Canada’s Novo Resources.
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The S&P/ASX200 Index endured one of its worst trading days since 30 September as it tumbled 1.7 percent on Tuesday despite the easing of restrictions in Victoria state.
Banks were a drag on the index as Commonwealth Bank of Australia (ASX:CBA) succumbed 1.4 percent, National Australia Bank (ASX:NAB) lost 1.2 percent, Macquarie Group (ASX:MQG) and Australia and New Zealand Banking Group (ASX:ANZ) both finished 0.9 percent lower and Westpac (ASX:WBC) wrote off 0.8 percent.
Iron ore miners showed weakness as Rio Tinto (ASX:RIO) threw away 2.5 percent, Fortescue Metals Group (ASX:FMG) downed 2.4 percent, BHP Group (ASX:BHP) dived 2.2 percent and. and Newcrest Mining (ASX:NCM) lost 0.6 percent.
‘Buy-now, pay-later’ sector continues to bleed as Zip Co (ASX:Z1P) plunged 5.4 percent, Afterpay (ASX:APT) crashed 4.7 percent, Sezzle (ASX:SZL) fizzled 2.1 percent and Splitit (ASX:SPT) dipped 1.7 percent.
Strategic Elements Ltd (ASX:SOR)
Venture builder SOR skyrocketed 130.8 percent after successfully developing a flexible self-charging battery.
Amani Gold Limited (ASX:ANL)
Junior gold miner ANL surged 100 percent. ANL possesses a low grade but large (4.1moz) gold resource at its Giro project in the Democratic Republic of Congo. (Source: StockHead)
Gladiator Resources Limited (ASX:GLA)
Gold and precious metals explorer GLA soared 50 percent having finalized its exploration plans for Victorian projects in early October.
Intra Energy Corporation Limited (ASX:IEC)
Coal explorer and power generator IEC jumped 42.9 percent. IEC recently announced a September update for its two flagship projects namely Minas do Lurio Gold Project in Mozambique and Tancoal Energy in Tanzania.
PanTerra Gold Limited (ASX:PGI)
Dominian Republic-based gold and silver explorer PGI shot up 35.9 percent after releasing its quarterly activities on Tuesday morning.1
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The S&P/ASX200 Index ended slightly lower at 0.2 percent as the major blue chips took a dip on Monday.
Banks were in the red as National Australia Bank (ASX:NAB) lost 1 percent, Australia and New Zealand Banking Group (ASX:ANZ) dipped 0.5 percent, and Westpac Banking Corp (ASX:WBC) slid 0.4 percent and Commonwealth Bank of Australia (ASX:CBA) traded 0.3 percent lower.
Iron ore miners experienced slides as BHP Group (ASX:BHP) and Rio Tinto (ASX:RIO) both dumped 0.8 percent, Fortescue Metals Group (ASX:FMG) fell 0.7 percent and Newcrest Mining (ASX:NCM) buried 0.6 percent.
‘Buy-now, pay-later’ sector performed weakly as Sezzle (ASX:SZL) plunged 7.8 percent, Zip Co (ASX:Z1p) slashed 5.6 percent, Openpay (ASX:OPY) dived 3.8 percent, Splitit (ASX:SPT) crashed 3.3 percent and Afterpay (ASX:APT) retreated 1.3 percent.
Esports Mogul Limited (ASX:ESH)
eSports media and software solutions provider ESH surged 38.1 percent after recent announcements that it had partnered with NASDAQ-listed Super League Gaming, Inc (Nasdaq: SLGG) to use their patented AI-powered streaming technology.
West Wits Mining Limited (ASX:WWI)
Gold exploration and development company WWI soared 33.3 percent after hitting a 10-year high
through growing the gold resource at Witwatersrand Basin Project (WBP) in South Africa by 700,000 ounces to 4.37 million ounces at 3.88 g/t gold.
Weebit Nano Limited (ASX:WBT)
Development of next generation computer memory technology company WBT continues its climb to finish 25 percent higher on Monday after this Friday’s positive activities update for Q1 FY21.
Cogstate Limited (ASX:CGS)
Neuroscience technology company CGS rose 22 percent after pharmaceutical company Eisai secured global license to develop and market CogState technologies in healthcare and other markets.
Kleos Space S.A. (ASX:KSS)
Space-powered Radio Frequency Reconnaissance data provider KSS jumped 19.8 percent after last Thursday’s announcement that they had completed the second procurement with ISISpace
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The S&P/ASX200 Index ended Friday’s session with a slight 0.2 percent drop to slow down October’s strong rally so far.
Banks mostly ended higher as Australia and New Zealand Banking Group (ASX:ANZ) grew 2.4 percent, National Australia Bank (ASX:NAB) added 1.6 percent, Commonwealth Bank of Australia (ASX:CBA) edged 1 percent and Westpac (ASX:WBC) gained 0.6 percent.
Iron ore producers were the main drag as Newcrest Mining (ASX:NCM) crashed 2.8 percent, BHP Group (ASX:BHP) fell 1.3 percent, Rio Tinto (ASX:RIO) sank 0.9 percent and Fortescue Metals Group (ASX:FMG) dipped 0.4 percent.
‘Buy-now, pay-later’ sector in mixed territory Afterpay (ASX:APT) rose 1.1 percent, Zip Co (ASX:Z1P) firmed 0.3 percent despite Westpac dumping 10.7 percent of its stake while Sezzle (ASX:SZL) slid 0.5 percent and Openpay (ASX:OPY) skimmed 0.3 percent.
Emerge Gaming Limited (ASX:EM1)
Leading eSports and gaming technology company shot up 36.4 percent on Friday to cap off an impressive week, gaining over 180% after achieving its pre-registration milestone of 3 million users on its MIGGSTER platform on Monday.
Weebit Nano Limited (ASX:WBT)
Development of next generation computer memory technology company WBT surged 26.3 percent after this morning’s positive activities update for Q1 FY21.
Elixir Energy Limited (ASX:EXR)
Mongolian-based oil and gas exploration and development company EXR soared 22.7 percent after its latest strong operations update. EXR was part of StockPal’s Hot Equities webinar held on 1st September. Click here to view the webinar recap: https://stockpal.asia/2020/09/hot-equities-webinar-recap-1-sep/
4DS Memory Limited (ASX:4DS)
Non-volatile memory and ReRam developer 4DS jumped 22.4 percent despite no major announcements on the ASX.
VRX Silica Limited (ASX:VRX)
WA-based significant silica sand projects company VRX rose 20 percent after significant updates on mining leases for its flagship Arrowsmith Silica Sand Project.
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