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Tuesday’s Top 10 ASX Companies



10 ASX Companies That Performed On Top Today - 5 May 2020

The S&P/ASX 200 is up about 1.64 percent today to gain almost 3 percent this week riding upon Monday’s upward trend.

The companies leading the charge were mainly in the Energy sector with Santos (ASX:STO) and Origin Energy (ASX:ORG) up 5 percent and 5.5 percent respectively.

Banks continue to carry its momentum from Monday with National Australia Bank (ASX:NAB) adding 3.2 percent and Westpac (ASX:WBC) closing 2.7 percent higher.

Tech stocks performed admirably for the second-straight day with yesterday’s top 10, Afterpay (ASX:APT) improving a further 5.8 percent (+23.8 percent yesterday), Tyro (ASX:TYR) rose 8.3 percent and Zip Co (ASX:Z1P) making double-digit gains of 10.6 percent.

Elsewhere, crude oil was big headline grabber as West Texas Intermediate was up 5.8 percent to hit a three-week high of USD 24.11 with Brent crude advancing 4.6 percent to close at USD 28.46 — its highest showing in two weeks.

Top 10 Performing ASX Companies Today

Byron Energy (ASX:BYE)
Byron Energy released their quarterly last week highlighting Net revenue recorded for the March 2020 quarter, from SM71 and SM58, was approximately US$4.6 million. Due to the oil price collapse, the Company announced on 31 March 2020 that SM71 oil production will be curtailed to more closely align with previously hedged volumes. The company currently has US$18.2m of cash at bank and borrowing of US$18.3m.

King River Resources (ASX:KRR)
Trading volume was 51 percent above the 20-day average. In the past year, the stock had a similar or greater gain four times at the close; it advanced in the next trading session once (17 percent) and declined twice (6.6 percent, on average).

Zoono Group (ASX:ZNO)
Zoono released a company update today releasing to the market that B2B sales were in excess of NZ$11.0 million (unaudited) for the month of April 2020. Zoono also has signed distribution agreements in Europe and has West Yorkshire Police sign a non-binding agreement to take supply of 140,000 50 ml hand sanitizer units and refills. Sales are geographically diverse from India to Hong Kong.

Berkeley Energia (ASX:BKY)
The shares increased to 23 Australian cents from 20 Australian cents in the previous session. Trading volume was 20 percent above the 20-day average.

Betmakers Technology Group (ASX:BET)
Betmakers Technology Group Ltd. rose 14 percent. The shares increased to 29 Australian cents from 25 Australian cents in the previous session. Stock advanced 438 percent in the past 52 weeks. The Australia S&P/ASX 200 lost 15 percent.

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