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Mid-Week Top 10 ASX Companies



10 ASX Companies That Performed On Top Today - 6 May 2020

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.

Top 10 Performing ASX Companies 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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