The S&P/ASX 200 Index finished 1.8 percent higher to close at a near three-month high.

The Banking blue chips led the climbe as ANZ (ASX:ANZ) soared 5 percent, National Australia Bank (ASX:NAB) firmed 4.6 percent, Westpac (ASX:WBC) rose 4.4 percent and Commonwealth Bank (ASX:CBA) closed the day 3.3 percent up.

Mining blue chips that also performed such as South32 (ASX:S32) surging 6.9 percent and BHP Group (ASX:BHP) gaining 2.6 percent to recover some lost ground from Tuesday.

High flying pay-later provider, Zip Co (ASX:Z1P), went up a further 22 percent to add on Tuesday’s gains of a staggering 40 percent after acquisition of QuadPay in US triggered a dramatic rise in its stock price.

Musgrave Minerals Ltd (ASX:MGV)
MGV surged to the top spot after its share price skyrocketed 73.3 percent after hitting 12 metres at 112.9 g/t gold near-surface in reverse circulation (RC) drilling at Starlight discovery within the flagship Cue Gold Project in Western Australia.  Since its announcement to recommence drilling at the High-Grade Starlight Link Lode in early May, couple with the strong Gold rally of late, MGV has been performing phenomenally. Its biggest project is the Cue Gold Project which hosts mineral resources totalling 6.45 million tonnes at 3 g/t gold for 613,000 ounces contained gold.

Openpay Group Ltd (ASX:OPY)
OPY extends its incredible run to finish an astonishing 51.8 percent higher. 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.

Novonix Ltd (ASX:NVX)
NVX shares continues to be on the rise with a 28.7 percent climb today after Tuesday’s table-topping performance of 31.7 percent as it carries momentum from May. 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.

Seven West Media Ltd (ASX:SWM)
SWM surged 28.6 percent today triggering a explanation by ASX. On 13 May, SWM announced the sale of its Osborne Park property in Perth for AUD 75 million in conjunction with a AUID 40 million rised from the sale of Pacific Magazines to Bauer. Net debt was last reported at $569.5 million. The current market capitalisation is $161.5 million.

Vista Group International Ltd (ASX:VGL)
VGL climbed 23.4 percent today to round up the top 5 spot on the league table. On 29 May, analysts predicted that VGL to make a comeback given the film industry had taken a pretty bad hit from this COVID-19 pandemic. As the lockdown measures eases across the country, the film and entertainment industry is beginning to see a silver lining after almost three months of inactivity.

Honorable Mention:
Wisr Ltd (ASX:WZR)
Fintech neo-lender WZR firmed 18.2 percent today as the consumer discretionary spending is firmly believed to be back on the rise after months of lockdown amidst the COVID-19 pandemic. If you have not read The CEO Mindset interview featured today with CEO, Anthony Nantes, click here: https://stockpal.asia/2020/06/the-ceo-mindset-anthony-nantes/

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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 and BHP 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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