Market News
Mid-Week Top 10 ASX Companies
The S&P/ASX 200 Index managed to just edge out a gain by 0.8 percent despite a decline amongst blue chip miners.
Amongst real estate stocks, Abacus Property Group (ASX:ABP) advanced 4.8 percent, Vicinity Centres (ASX:VCX) gained 4.5 percent and Growthpoint Properties (ASX:GOZ) finished 4.1 percent higher.
Amongst notable winners today, Beacon Lighting (ASX:BLX) soared 22.6 percent, Codan (ASX:CDA) surged 13.7 percent, Macquarie Telecom Group (ASX:MAQ) gained 13.4 percent, Adairs (ASX:ADH) rose 10.4 per cent and Pacific Smiles (ASX:PSQ) ascended 9.3 percent. Carsales.com (ASX:CAR) firmed 6.2 percent.
Mining blue chips Fortescue Metals Group (ASX:FMG) retreated 1.8 percent while BHP (ASX:BHP) and Rio Tinto (ASX:RIO) both fell 0.7 percent.
Galilee Energy Ltd (ASX:GLL)
O&G explorer GLL topped the chart with a massive 31.1 percent jump in share price, after releasing an update for its Queensland’ Glenaras Gas Project. GLL claims recent drilling has provided a breakthrough in its understanding of the project and the coal system in the area.
Beacon Lighting Group Ltd (ASX:BLX)
Specialty lighting retailer BLX soared 22.6 percent after posting strong Q1 sales amidst the COVID-19 pandemic. BLX total sales in the first 6 months increased 15.5 percent year-on-year, and company stores’ comparative sales increased 16.9 per cent. Online sales grew 77.7 per cent. BLX expects its FY20 underlying net profit after tax (NPAT) to exceed $16.5 million.
Flinders Mines Ltd (ASX:FMS)
FMS saw its share price up 19.1 percent. On 10 June, FMS released the ASX announcement titled, “Foreign Investment Review Board approval received”. This is in relation to next step in finalising its farm-in incorporated joint venture with BBI Group Pty Ltd (BBIG) in relation to the Company’s flagship Pilbara Iron Ore Project with approval from the Foreign Investment Review Board (FIRB).
Harvest Technology Group Ltd (ASX:HTG)
Technology solutions provider HTG shared rose 18.2 percent today. HTG recently received AUD 10 million in private placement funding to help promote its growth of which the funds would be used to accelerate and support product development initiatives and strengthen alliance to improve market penetration.
Predictive Discovery Ltd (ASX:PDI)
Gold explorer PDI advanced 14.7 percent today after recent announcements that it had successfully completed an entitlement offer, raising close to AUD 3 million beating its initial AUD 2.12 million target. PDI is aiming to generate a maiden resource estimate for the Kaninko project by mid-2021
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The S&P/ASX200 Index charged 1.1 percent as nearly all sectors ended higher on Friday.
Major banks rebounded strongly as Macquarie Group (ASX:MQG) lifted 2.9 percent, Commonwealth Bank of Australia (ASX:CBA) advanced 1.1 percent, Westpac (ASX:WBC) added 0.8 percent, Australia and New Zealand Banking Group (ASX:ANZ) gained 0.6 percent and National Australia Bank (ASX:NAB) edged 0.3 percent.
Iron ore producers ended higher overall as BHP Group (ASX:BHP) unearthed 2.5 percent, Rio Tinto (ASX:RIO) notched 2.4 percent, Newcrest Mining (ASX:NCM) rose 0.4 percent while Fortescue Metals Group (ASX:FMG) dumped 1.7 percent.
‘Buy-now, pay-later’ sector finished impressively as Block (ASX:SQ2) soared 5.9 percent, Splitit (ASX:SPT) surged 1.7 percent, Sezzle (ASX:SZL) climbed 1 percent, Zip Co (ASX:ZIP) scored 0.6 percent while Openpay (ASX:OPY) dumped 4.1 percent.
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- Galileo Mining Ltd (ASX:GAL) 20.6 percent
- Pengana Capital Group Limited (ASX:PCG) 19.8 percent
- Minbos Resources Limited (ASX:MNB) 17.2 percent
- PointsBet Holdings Limited (ASX:PBH) 16.4 percent
- Ora Banda Mining Limited (ASX:OBM) 13.5 percent
- RedFlow Limited (ASX:RFX) 12.8 percent
- Limeade, Inc. (ASX:LME) 12.5 percent
- NICO Resources Limited (ASX:NC1) 12.5 percent
- Lion One Metals Limited (ASX:LLO) 12.3 percent
- Jade Gas Holdings Limited (ASX:JGH) 11.3 percent
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The S&P/ASX200 Index fell 0.7 percent as all sectors besides Tech struggled on Thursday.
Major banks reversed all gains as Commonwealth Bank of Australia (ASX:CBA) slid 0.7 percent, Australia and New Zealand Banking Group (ASX:ANZ) lost 0.4 percent, Macquarie Group (ASX:MQG) and National Australia Bank (ASX:NAB) both lost 0.3 percent while Westpac (ASX:WBC) edged 0.1 percent.
Iron ore producers were below par as Fortescue Metals Group (ASX:FMG) dumped 3.7 percent, Newcrest Mining (ASX:NCM) crashed 2.5 percent, Rio Tinto (ASX:RIO) ditched 1.1 percent and BHP Group (ASX:BHP) retreated 0.9 percent.
‘Buy-now, pay-later’ sector rebounded overall as Splitit (ASX:SPT) soared 7.3 percent, Sezzle (ASX:SZL) surged 5.1 percent, Block (ASX:SQ2) climbed 1.2 percent, Zip Co (ASX:ZIP) lifted 0.6 percent while Openpay (ASX:OPY) plunged 5.8 percent.
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- Galileo Mining Ltd (ASX:GAL) 49.2 percent
- Appen Limited (ASX:APX) 29.2 percent
- Anteris Technologies Ltd (ASX:AVR) 16.5 percent
- Rubicon Water Limited (ASX:RWL) 15.7 percent
- Terramin Australia Limited (ASX:TZN) 14.3 percent
- Magnetite Mines Limited (ASX:MGT) 12.5 percent
- Cynata Therapeutics Limited (ASX:CYP) 12.5 percent
- LiveHire Limited (ASX:LVH) 11.1 percent
- FINEOS Corporation Holdings plc (ASX:FCL) 10.8 percent
- Horizon Oil Limited (ASX:HZN) 10.7 percent
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Top 10 ASX stocks with Market Capitalisation above AUD 50m
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The S&P/ASX200 Index lifted 0.4 percent despite Tech losing 3 percent on Wednesday.
Major banks ended mostly higher as National Australia Bank (ASX:NAB) charged 1.8 percent, Westpac (ASX:WBC) rose 1.4 percent, Commonwealth Bank of Australia (ASX:CBA) and Australia and New Zealand Banking Group (ASX:ANZ) both grew 1 percent while Macquarie Group (ASX:MQG) dipped 0.3 percent.
Iron ore producers were split again as Rio Tinto (ASX:RIO) notched 1.3 percent, Newcrest Mining (ASX:NCM) rebounded 0.9 percent while BHP Group (ASX:BHP) nosedived 10 percent and Fortescue Metals Group (ASX:FMG) shed 0.4 percent.
‘Buy-now, pay-later’ sector was a sea of red as Block (ASX:SQ2) plummeted 5.5 percent, Sezzle (ASX:SZL) plunged 3.9 percent, Zip Co (ASX:ZIP) retreated 2.9 percent, Splitit (ASX:SPT) and Openpay (ASX:OPY) both traded flat.
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- Metarock Group Limited (ASX:MYE) 27.3 percent
- Minbos Resources Limited (ASX:MNB) 19.2 percent
- Peet Limited (ASX:PPC) 18.5 percent
- Namoi Cotton Limited (ASX:NAM) 14 percent
- IRIS Metals Limited (ASX:IR1) 12.5 percent
- Pancontinental Energy NL (ASX:PCL) 12.5 percent
- Develop Global Limited (ASX:DVP) 11.9 percent
- Swoop Holdings Limited (ASX:SWP) 11.9 percent
- Clarity Pharmaceuticals Ltd (ASX:CU6) 10.8 percent
- Comet Ridge Limited (ASX:COI) 9.4 percent
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