10 ASX Companies That Performed On Top Today - 12 May 2020
The S&P/ASX 200 fell 1.1percent 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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