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Thursday’s Top 10 Companies On The ASX



10 ASX Companies That Performed On Top Today - 7 May 2020

The S&P/ASX 200 extended its mild losing streak, ending the trading almost identical to Wednesday’s drop at 0.4 percent lower.

The major banks continues to contribute to this decline from yesterday with Westpac (ASX:WBC) lost 2.3 percent, ANZ (ASX:ANZ) and National Australia Bank (ASX:NAB) both slid 2.2 percent while Commonwealth Bank (ASX:CBA) lost 1.8 percent (adding to Wednesday’s 0.8 percent decline) to round up the Financials sector.

The Energy sector mirrored the decline as major crude futures fell amid weak fuel demand and fear of oversupply. Amongst the Energy giants, Cooper Energy (ASX:COE) was hit worst with 5 percent off its share price, Oil Search (ASX:OSH) was missing 2.7 percent, Santos (ASX:STO) fell almost 200 basis points to close at 1.9 percent lower while Woodside Petroleum (ASX:WPL) and Origin Energy (ASX:ORG) both lost 1.4 percent and 0.7 percent respectively.

Mining stocks on the other hand carried its momentum from Wednesday with BHP Group (ASX:BHP)  gaining 1.9 percent, Fortescue Metals Group (ASX:FMG) took 1.7 percent and South32 (ASX:S32) upped slight at 0.3 percent.

Top 10 Performing ASX Companies Today

Mosaic Brands (ASX:MOZ)
The shares increased to 70 Australian cents from 57 Australian cents in the previous session, which translated to a 23% increase in the share price. Mosaic which runs some of Australia’s largest fashion brands such as Millers, Rockmans, Noni B, Rivers, Katies, Autograph, W. Lane, Crossroads and Beme has started trial opening over the past week and has seen a 80 per cent jump in their online sales. The group will be slowly reopening stores on Monday the 11th of May 2020.

RedBubble (ASX:RBL)
The shares increased to 95 Australian cents from 79 Australian cents in the previous session. Goldman Sachs raised their target price to A$0.75 per share. Redbubble is a global online marketplace for print-on-demand products based on user-submitted artwork. The company’s search for a permanent CEO has also been deferred till the end of 2020.

Alpha HPA (ASX:A4N)
The shares increased 18% from 16.5 Australian cents from 14 Australian cents in the previous session. Stock advanced 55 percent in the past 52 weeks. The Australia S&P/ASX 200 lost 15 percent. The company announced on the 17th of March 2020 a definitive feasibility study for the HPA First Project.     

Pushpay (ASX:PPH)
The shares advanced 16% to A$6.04 from A$5.22 in the previous session, trading at all time high levels. Pushpay also received an analyst upgrade from RBC Capital Markets and Jarden Securities. The trading volume was almost five times the 20-day average. The shares are up 50 percent in the past 5 days and rose 56 percent in the past 30 days.

Berkeley Energia (ASX:BKY)
The shares increased 16% to 30 Australian cents from 26 Australian cents in the previous session. The company currently has a market cap of AUD 76.3m and the trading volume was more than 10 times the 20-day average. The shares are up 51 percent in the past 5 days and rose 111 percent in the past 30 days.

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