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Tuesday’s Top 10 ASX Companies



10 ASX Companies That Performed On Top Today - 19 May 2020

The S&P/ASX 200 Index surged 1.81 percent today to close with the best performance in May. The growth was spurred by a strong outing on Wall Street, will increasing hopes of COVID-19 vaccines making breakthroughs after positive results from clinical trials.

After Citi’s bullish outlook on Gold over the mid term amidst prolonged low interest rates and central bank asset purchases, Newcrest Mining Limited (ASX:NCM) and Saracen Mineral (ASX:SAR) closed mostly mixed dropping 0.8 percent and gaining 0.2 percent respectively. BHP Group (ASX:BHP) finished the trading day soaring 5.9 percent making the best performer amongst blue chips.

As lockdown measures continue to loosen across Australia, the Travel sector were in the green as Helloworld (ASX:HLO) gained 4 per cent, Qantas (ASX:QAN) surged 3.6 percent, Flight Centre (ASX:FLT) firmed 2.8 percent and Sydney Airport (ASX:SYD) closed 2 percent higher after the bell.

Top 10 Performing ASX Companies Today

Zimplats Holdings Ltd (ASX:ZIM)
Platinum miner, Zimplats, with projects based in Zimbabw, has been on watchlists for many high dividend-picking sites since March this year. Couple with low debts level and a resurging precious metals market (seeing how Gold has risen over the last couple of weeks), ZIM performed admirably today at 21.4 percent gained to reach the top of our table.
Intega Group Ltd (ASX:ITG)
TG experienced huge decline since the end of February as it struggled to recover in this COVID-19 pandemic with many parts of Australia under lockdown and restricted working measures, forcing many employers to adopt work-from-home arrangements and staggering of workforce allocation. That said, with the loosening of quarantine measures, ITG’s share price has been climbing gradually and managed to reach new heights today to end 19 percent higher.

Central Petroleum Ltd (ASX:CTP)
Central Petroleum Limited (ASX:CTP) is an oil and gas explorer and producer focused on supplying the domestic gas market. CTP released its Quarterly Update Presentation last Wednesday with strong indication of cash balance (AUD $26.1 million) and extend loan maturity to September 2021, putting them in good light with reassurance of resilient central business and returning to growth mode at its soonest.

Baby Bunting Group Ltd (ASX:BBN)
BBN is specialist in retailing of baby goods with over 6,000 lines such as prams, cots, car safety equipment, toys, feeding and other accessories. BBN has over 50 stores in across Australia with the aim to reach 80 within the next 5 years. Amid the COVID-19 pandemic that has swept across the globe, BBN reported 13.2 percent increase in sales during the period of end-December 2019 till 17 May 2020, while competitors were up 8.1 percent at best. Online sales growth was up 17.3 percent during the same period, which is more than 34 percent better year-on-year.

Novonix Ltd (ASX:NVX)
On Friday, NVX announced it has a breakthrough in making battery materials and trading at an astounding 36 percent higher. Today it was up 15.3 percent after the bell to continue its fine run after it has filed a patent for the new battery making process.

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