Thursday’s Top 10 Companies On The ASX

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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