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Mid-Week Top 10 ASX Companies



10 ASX Companies That Performed On Top Today - 17 June 2020

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. (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.

Top 10 Performing ASX Companies Today With Market Cap Above AUD 50M

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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