The S&P/ASX 200 registered its largest drop in two weeks to close 1.7 percent lower as more than half-a-million jobs were wiped out from the Aussie market alone coupled with the US Fed Reserve Chairman, Jerome Powell’s warning of a worst recession hitting the US not since WW2.

The large banks led the slump with Commonwealth Bank (ASX:CBA) fell 3.2 percent, National Australia Bank (ASX:NAB) and ANZ (ASX:ANZ) both down 2.6 percent and Westpac (ASX:WBC) losing 2.4 percent.

Energy giant Woodside Petroleum (ASX:WPL) declined 3 percent after US crude inventories fell for the first time since January.

The Mining sector gave a poor showing despite closing small gains yesterday with BHP Group (ASX:BHP) and South 32 (ASX:S32) both down 1.3 percent and 3.5 percent respectively.

Shaver Shop Group (ASX:SSG)
Shaver Shop jumped 27.9 per cent to 55¢ after its sales jumped 32.1 per cent for the six weeks to May 10 2020, as more consumers turned to DIY grooming driving sales of its products without much the need of unusual levels of discounting and promotional activity. As stated in its ASX announcement earlier today: ”In the weeks following Shaver Shop’s last trading update on 24 March 2020, online sales increased by 387% in the six weeks from 1 April 2020 to 10 May 2020 to represent approximately 43% of total sales over that period – more than offsetting the material sales decline experienced across its physical store network. Total sales increased 32.1% in the six weeks from 1 April 2020 to 10 May 2020 and have increased 17.6% so far in H2 FY20.”

Triton Minerals Ltd (ASX:TON)
According to Triton’s ASX announcements: “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.”

Cash Converters Intl Ltd (ASX:CCV)
Cash Converters has been featured two days in-a-row on the Top 10 Winners list – a testament of current trying times as COVID-19 continues to force a global lockdown of varying scales. This is a result of people dumping unwanted goods at home, as more are staying home due to work-from-home arrangements, thus they unearth more stuffs they have kept for “rainy days” but never materialised. As some are selling to redeem and sit on cash, others are looking to tighten their budget by bargain-hunting used wares in the stores.

Graincorp Ltd-A (ASX:GNC)
GrainCorp rallied 11.6 per cent to $3.67 after telling shareholders that net profit reached $388.3 million in the six months to the end of March, compared to a restated loss of $58.9 million in the previous year. This comes after positive results today, as citied in its ASX Announcement: “GrainCorp has reported a profit after tax of $388 million for the half-year ended 31 March 2020, reflecting a significant repositioning of the Group’s portfolio, including the sale of the Australian Bulk Liquid Terminals business and the successful demerger of United Malt. Underlying EBITDA was $183 million and underlying NPAT was $55 million, both up substantially on the prior corresponding period.”

Metals X Ltd (ASX:MLX)
Metals X is Australia’s largest tin producer, the owner of the Nifty Copper Operation and holds a portfolio of assets from exploration to development including the world class Wingellina Nickel-Cobalt Project. As China, who drives the global copper metal market, accounting for more than two-fifths of world demand in 2014, is gradually recovering from this pandemic, the demand for copper and copper production is slowing easing back to pre-COVID days.

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The S&P/ASX 200 Index closed slight higher today at 0.4 percent as Commonwealth Bank (ASX:CBA) overcame a late rally to reach 1.9 percent gains after some positive annoucements.

As buyers swoop up Iron ore stocks following an upgrade to “buy” status by UBS, BHP Group (ASX:BHP) moved 0.9 per cent, Rio Tinto (ASX:RIO) improved 1.4 percent and Fortescue Metals Group (ASX:FMG) closed 3.9 per cent higher to round up the strong performers from this sector.

Across the other blue chips, CSL (ASX:CSL) and Telstra (ASX:TLS) both improved slightly at 0.8 percent and 1.3 percent respectively.

Regional Express Holdings (ASX:REX) took the top gainers spot today with a resounding 32 percent increase as the travel sector began its route to recovery after easing of travelling lockdown measures.

Regional Express Holdings (ASX:REX)
The company made an announcement today releasing to the ASX that Regional Express has been approached by several parties that are interested in providing the equity needed for it to start domestic operations in Australia. The insiders of the company currently hold 18% and Trading volume was almost 17 times the 20-day average. The shares increased 32% to A$1.19 from 90 Australian cents in the previous session. The company’s dividend yield is 9.4 percent on a trailing 12-month basis.

Moelis Australia (ASX:MOE)
The shares increased to A$3.25 from A$2.78 in the previous session. Insiders hold a 20 percent stake. In the past six months, they increased their holdings by 1.3 percent. Officers and directors disclosed no open market purchases or sales in the past six months. The company released an operational update today highlight that the company had as of the 30 April 2020, Net Assets of $191.9 million including $134.3 million cash and over $155 million of investments.

American Pacific Borates (ASX:ABR)
The shares increased to 45 Australian cents from 39 Australian cents in the previous session. Trading volume was 85 percent above the 20-day average. Insiders hold a 2.8 percent stake. The company traded A$610,474 worth of shares today.

TerraCom (ASX:TER)
Trading volume was 49 percent above the 20-day average. The shares increased to 15 Australian cents from 13 Australian cents in the previous session. Insiders hold a 0.5 percent stake. In the past six months, they increased their holdings by 35 percent. Officers and directors disclosed 1.03 million shares of open market purchases at an average price of 17 Australian cents a share and no sales.

Comet Ridge (ASX:COI)
The shares increased to 9 Australian cents from 8 Australian cents in the previous session. Insiders hold a 3.6 percent stake. In the past six months, they increased their holdings by 2 percent. Officers and directors disclosed 400,000 shares of open market purchases at an average price of 19 Australian cents a share and no sales. Comet Ridge declined 70 percent in the past 52 weeks.

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The S&P/ASX 200 fell 1.1 percent today to end its winning streak amidst rising tensions with China and major sell-off in shares.

The Mining sector, particularly iron ore, as Fortescue Metals Group (ASX:FMG) lost 3.2 percent, BHP Group (ASX:BHP) shaved off 2.6 percent and Rio Tinto (ASX:RIO) reduced 1.7 percent.

The big Banks all went under with National Australia Bank (ASX:NAB) and ANZ (ASX:ANZ) both registering 2.9 percent and 2 percent losses respectively.

The Energy sector suffered the most after ending the trading session with Oil Search (ASX:OSH) losing 4.5 percent and Santos (ASX:STO) closing 3.2 percent lower.

Health Care was the most thriving sector today with CSL (ASX:CSL) making 1.8 percent and Resmed (ASX:RMD) gaining 5.2 percent.

MICHAEL HILL INTERNATIONAL (ASX:MHJ)
The shares increased 21 % to 40 Australian cents from 33 Australian cents in the previous session. Trading volume was more than triple the 20-day average. Since Emma Hill has been chairman the company has lost 21.44% total annualized return since July 2016.

STATE GAS (ASX:GAS)
The shares increased 21% to 49 Australian cents from 41 Australian cents in the previous session. The company only trade A$ 11,891 worth of shares and has now reached a market cap of 71.7m. Since the COO Andrew Crowley joined the company in July 2018 the company has done 79.36% in total annualized return for its shareholders.

RESONANCE HEALTH (ASX:RHT)
Resonance Health Ltd. rose 17 percent while the country’s benchmark index declined. Trading volume was triple the average for this time of day. In the past year, the stock had a similar or greater gain five times at the close; it advanced in the next trading session once (8.3 percent) and declined three times (5.1 percent, on average). Insiders hold a 1.7 percent stake.

CLEARVIEW WEALTH (ASX:CVW)
The shares increased to 28 Australian cents from 25 Australian cents in the previous session. Clearview Wealth declined 65 percent in the past 52 weeks. The Australia S&P/ASX 200 lost 14 percent. Insiders hold a 5.8 percent stake. In the past six months, they increased their holdings by 0.3 percent. Officers and directors disclosed 108,754 shares of open market purchases at an average price of 27 Australian cents a share and no sales.

PRO-PAC PACKAGING (ASX:PPG)
The company advanced 12% today to 15 Australian cents from 13 Australian cents in the previous trading session. Insiders hold a 1 percent stake. In the past six months, they increased their holdings by 18 percent. Officers and directors disclosed 1.26 million shares of open market purchases at an average price of 11 Australian cents a share and no sales. The company released a change in directors notice today for Leonie Valentine who acquire 352,000 shares at $0.14 cent per share via an on-market purchase.

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