The S&P/ASX200 Index went up 1.7 percent for the week despite falling slightly on Friday to register a 1 percent drop, after China reduced its annual GDP forecast to put a downward pressure on resource providers.

The Mining blue chips went mostly in the red, with Rio Tinto (ASX:RIO) succumbing to a 2 percent drop after the bell on Friday. BHP Group (ASX:BHP) and Fortescue Metals Group (ASX:FMG) both fell 0.6 percent and 0.2 percent respectively.

Banking blue chips felt the heat as well with concerns over slow economic growth. Commonwealth Bank (ASX:CBA) shed 0.6 percent and National Australia Bank (ASX:NAB) gave up 1.2 percent.

Other blue chips that joined the slump includes biopharmaceutical giant CSL (ASX:CSL) losing 2.4 percent, having suffered their fourth straight trading days of losses. On a slightly positive note, Sydney Airport (ASX:SYD) firmed 2 percent as tourism and aviation sector begins to pick up after months of travel restrictions.

EMvision Medical Devices Ltd (ASX:EMV)
Earlier in May, EMV appointed CEO, Dr Ron Weinberger, as their Managing Director giving him more control over the company’s day-to-day operations. EMV recommenced clinical trial enrolment for patients last week at Brisbane’s Princess Alexandra Hospital for their proprietary portable brain imaging device in stroke patients. Their enrolments were halted previously due to the COVID-19 pandemic outbreak but since the flattening of the curve at Queensland, EMV is hoping to stay on track for the initially planned six-month timeframe.

Archer Materials Ltd (ASX:AXE)
Archer Materials hit the spot last Monday when it gained over 41% in a single trading day. Today, it took the second gainers spot at 18.89%. AXE announced on 11 May that the company’s exclusively licensed European patent application filed under the Patent Cooperation Treaty to protect and commercialise intellectual property associated to the 12CQ quantum computing chip materials technology (“IP”), has now proceeded to the substantial examination stage in Europe.

Motorcycle Holdings Ltd (ASX:MTO)
MTO moved to the top 3 spot today after gaining 18.57% on its road to recovery ever since the turnaround in share price since 25 March. As quoted from MTO’s website: “MotorCycle Holdings is Australia’s leading motorcycle dealership and accessories group with 48 franchises operated from 31 dealership and 8 retail accessory locations in Queensland, New South Wales, Victoria and the Australian Capital Territory. MotorCycle Holdings’ core business consists of the ownership and operation of motorcycle dealerships and retail accessories outlets engaging in the sale of new motorcycles, used motorcycles, accessories and parts, finance, insurance and warranty as well as service and repair. MotorCycle Holdings also owns and operates a rider training school and a motorcycle repair business which performs smash repair work for insurers. In October 2017 the Group acquired of Cassons Pty Ltd and now also operates a motorcycle accessories wholesaling business. The Company represents a diverse portfolio of brands. In the new motorcycle category MotorCycle Holdings sells 8 of the top 10 selling motorcycle brands in Australia (by number of new motorcycle sales). In 2018 these 8 brands represented 88% of Australian new motorcycle volume. In the used motorcycle category the Company sells all of the top 10 selling brands (by number of used motorcycle sales) in Australia.”

Agrimin Ltd (ASX:AMN)
On Monday, Agrimin surged 23% after the Australian Government approved major project status for Agrimin’s (AMN) Mackay Potash Project in Western Australia – i.e the project can now receive additional government support. This approval lasts for three years which should be sufficient time to advance the project through approvals, project funding, and construction. Today, they trade at 16.46% higher to close the week to close almost 44% higher for the week.

HT&E Ltd (ASX:HT1)
Media and radio broadcast company HT1 rose 15.32% today having recently declaring that radio listenership was up during this COVID-19 periods. On 9 April, HT1 forked out AUD 15 million to buy a 4.2 percent stake in oOh!media while letting go its own outdoor advertising business, Adshel, in 2018 for AUD 570 million in cash. Today, oOh!media is worth approximately AUD 600 million in market value.

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The S&P/ASX 200 Index fell 0.4 percent amid a strong opening rally to put an end to a four-day winning streak.

Mining giants Fortescue Metals Group (ASX:FMG) was hit the hardest as it gave up 2.2 percent while Rio Tinto (ASX:RIO) fell 1 percent and  BHP Group (ASX:BHP) loss 0.6 percent.

Banks were not spared as Commonwealth Bank (ASX:CBA) and Westpac (ASX:WBC) closed 1.7 percent and 1 percent lower respectively.

Biotech giant CSL Limited (ASX:CSL) registered a 1 percent drop while gambling machine manufacturer Aristocrat Leisure (ASX:LL) plunged 5 percent after the bell.

Afterpay (ASX:APT) continues to carry its upward momentum since the beginning of May to finish 2.6 percent higher after its US customer base surpassed the fifth-million mark.

Stavely Minerals Ltd (ASX:SVY)
SVY was again on the Top 10 charts after squeezing in the last spot on Wednesday post-trading. The mineral explorer was awarded a tax credit allocation of AUD 1.35 million while managed to complete a capital raise of AUD 4.3 million the copper-gold prospect in Western Victoria. This comes post-announcement of a major discovery of shallow high-grade copper-gold.

NRW Holdings Ltd (ASX:NWH)
Resources and Infrastructure contractor NRW rose 32.73% after a strong ASX announcement with interim dividend announced earlier today as they managed a record revenue of AUD 1.6 billion despite the COVID-19 pandemic sweeping across the globe. EBITDA is AUD 177 million while EBITA is AUD 107 million. NRW also saw major improvement in net debt of AUD 115 million as at 30 April 2020.

Purifloh Ltd (ASX:PO3)
Air and water purification company, PO3, surged 21.74% today. In a recent ASX announcement published on 30^th April 2020, it was quoted: “despite some minor interruption to its activities due to the COVID-19 crisis, product development and market research activities are continuing to progress. This includes manufacture and independent validation of prototypes to be used in OEM trials and the commissioning of an Air Industry advisor to assist with commercial strategy.”

Redbubble Ltd (ASX:RBL)
RBL is an online marketplace for ‘print-on-demand’ goods which recently announced a projected revenue growth of 20% during Q3 2020 as the company expects the situation to take a turn after this quarter. RBL share price has gone up by more than 200% since 1 April and looks set to continue this trend once the COVID-19 simmers down as lockdown measures loosen across the country and people resuming their lives to a certain degree of normalcy.

Experience Co Ltd (ASX:EXP)
EXP shares rose more than 16% after one of its largest shareholder, Naos Asset Management, beefed up on its stake to 17.13% of the company. EXP is an adventure tourism company that operated for over 20 years and since 25 March, has been on a steady climb as COVID-19 begins to die down and tourism expected to rise in the weeks to follow.

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The S&P/ASX 200 Index made a late rally to 0.24 percent higher after a steep drop amidst negative pressure from abroad with many top indices in the red.

Among the top performing sectors today, technology and payment companies stole most of the limelight. For Tech, Nearmap (ASX:NEA) and Catapult Group (ASX:CAT) both surged 9.4 percent.

Payment firms, EML Payments (ASX:EML) crossed double digits to gain 12.8 percent, Zip Co (ASX:Z1P) firmed 8.4 percent and Tyro (ASX:TYR) rose 6.1 percent.

Iron ore producers closed mostly mixed after a good run as BHP Group (ASX:BHP) and Rio Tinto (ASX:RIO) both slid 0.9 percent and 0.4 percent, but Fortescus Metals Group (ASX:FMG) gained 0.2 percent to restore some confidence.

Horizon Oil Ltd (ASX:HZN)
Troubled oil and gas explorer, HZN, topped our table today with over 23% gains to close $0.073. Having only recently replaced the CEO, Michael Sheridan, with then acting-CEO, Chris Hodge, HZN’s share price hit rock-bottom near end-March. Will the weak global demand for oil in recent weeks, HZN could be seeing a resurgence as more Mining and Energy companies are beginning to turn the tide.

Alliance Aviation Services Ltd (ASX:AQZ)
AQZ broke 23.7 percent after the company informed investors it had secured contracts to fly mine workers and footballers to regional sites. These contracts carry a potential AUD 40m PBT which translated to 22 percent higher over the same period last year, which AQZ made $32.8m PBT. The aviation sector has seen a bit of resurgence of late amid loosening of lockdown measures across Australia and domestic travel slowly gaining in recent weeks.

Global Traffic Network Ltd (ASX:GTN)
GTN has a low debt-to-EBITDA ratio of 0.42 while actually receiving more interest than it paid throughout 2019. Although this leaves GTN in a good position to hold debt, its EBIT has dropped 51% since May 2019. Between 2017 and 2020, GTN managed to maintain cash flow of 74% of its EBIT, which puts them in a good state to repay debt when necessary. The healthy gains today of 23.29% puts the broadcast media giant in a good spot to recover back to pre-COVID levels.

Musgrave Minerals Ltd (ASX:MGV)
Since its announcement to recommence drilling at the High-Grade Starlight Link Lode, since early May, couple with the strong Gold rally of late, MGV performed 19.23% higher today after the bell rang. 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.

Silver Mines Ltd (ASX:SVL)
On 19 May, SVL was granted three new exploration licenses at the Tuena Gold Project thus quadrupling its size from current, now standing at 747 square kilometres. This project is based on the Godolphin-Copperhania-Structural Zone that hosts the multi-million-ounce McPhillamys Gold Project in NSW. SVL has also discovered two new target areas with gold and base metals mining potential. SVL is planning to expand exploration activities, including drilling, in 2020Q3 subject to approvals and COVID-19 restrictions.

Honorable Mention:
Rarex Ltd (ASX:REE)
Rare Earths explorer and developer, RareX Ltd, saw its shares jumped over 70% after its latest ASX announcement title “Mineralisation Encountered In First Drill Hole At Trundle Lachlan Fold Belt”. Below are some of the highlights quoted directly from the official document.

• First hole  of  current  drill  program  at  Trundle  Park  target  has  intersected  multiple  mineralised zones including shallow 28 metre interval from 55 metres
• Hole confirms  the  targeted  setting  of  skarn  and  adjacent  porphyry  intrusion,  analogous to Cadia and multiple other world-class porphyries
• Prospectivity and scale of the target zone significantly expanded at Trundle Park, the first of three targets of the ongoing drilling program
• Trundle is the only brownfield project held by a listed junior in Australia’s foremost porphyry belt,  being  within  the  same  mineralized  complex  as  Australia’s  second  largest porphyry mine at Northparkes
  
  

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