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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The S&P/ASX 200 Index recovered 1.3 percent to continue its bullish streak despite Wednesday’s slight dip.

The big four Banking blue chips performed strongly as National Australia Bank (ASX:NAB) added 4.7 percent, ANZ (ASX:ANZ) gained 4.5 percent, Westpac (ASX:WBC) rose 4.4 percent, Commonwealth Bank (ASX:CBA) closed 2.2 percent higher for the day.

Mining blue chips were also in the green as Rio Tinto (ASX:RIO) firmed 2.3 percent and BHP (ASX:BHP) finished 2 percent higher. Other blue chip star performers include Telstra (ASX:TLS) gaining 2.2 percent and Transurban (ASX:TCL) closed 1.6 percent higher to round up the blue chip winners.

Somnomed Ltd (ASX:SOM)
Medical equipment company SOM performed strongly today to take the top spot with more than 26 percent gains in share price. SOM was recently mentioned in the Global Anti-Snoring Devices And Snoring Surgery Market 2020 Rising Trend report by 3W Market News.

Wagners Holding Co Ltd (ASX:WGN)
WGN was up 16.3 percent on Wednesday Cement manufacturing company WGN rounded up the top 5 with a healthy 16.3 percent increase. WGN is a diversified Australian construction materials and services provider and an innovative producer of New Generation Building Materials that reduce the impact of heavy construction materials on the environment. WGN are a producer of cement, concrete, aggregates, composite products and have developed innovative technology with its Earth Friendly Concrete product. WGN are also providers of transport services, precast concrete and reinforcing steel. In 2019, WGN just celebrated its 30 years of operations.

Nearmap Ltd (ASX:NEA)
Cloud-based aerial imaging and geospatial mapping technology company, NEA soared 16.7 percent today after announcing that its annualised contract value (ACV) had reached AUD 102 million – well within its initial full year ACV guidance of between AUD 103 and 107 million. To add further, NEA reassures investors that it is well on target to be cash flow breakdown by the end of FY2020, leaving it with a healthy as balance of approximately AUD 35 million.

iSelect Ltd (ASX:ISU)
Online price aggregator and comparison tool for insurance, utilities and personal finance products, ISU grew 15.2 percent. During this COVID-19 pandemic, studies have shown that over 41 percent of Australians were considering switching ISPs as most of the workforce are forced to work from home, of which 17 percent actually went on to make the switch. The website’s viewership has gone up significantly as people are reassessing their personal and household expenses as they have more time saved from commuting and flexible working hours.

Coventry Group Ltd (ASX:CYG)
Industrials company Coventry Group rounded up the top 5 with a 15 percent share price appreciation. CYG delivers innovative industrial solutions to the mining, construction and manufacturing sectors. They supply a range of fastening systems, cabinet hardware systems, hydraulics, lubrications, fire suppression, refuelling systems and other products.

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