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Mid-Week Top 10 ASX Companies



10 ASX Companies That Performed On Top Today - 3 June 2020

The S&P/ASX 200 Index finished 1.8 percent higher to close at a near three-month high.

The Banking blue chips led the climbe as ANZ (ASX:ANZ) soared 5 percent, National Australia Bank (ASX:NAB) firmed 4.6 percent, Westpac (ASX:WBC) rose 4.4 percent and Commonwealth Bank (ASX:CBA) closed the day 3.3 percent up.

Mining blue chips that also performed such as South32 (ASX:S32) surging 6.9 percent and BHP Group (ASX:BHP) gaining 2.6 percent to recover some lost ground from Tuesday.

High flying pay-later provider, Zip Co (ASX:Z1P), went up a further 22 percent to add on Tuesday’s gains of a staggering 40 percent after acquisition of QuadPay in US triggered a dramatic rise in its stock price.

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

Musgrave Minerals Ltd (ASX:MGV)
MGV surged to the top spot after its share price skyrocketed 73.3 percent after hitting 12 metres at 112.9 g/t gold near-surface in reverse circulation (RC) drilling at Starlight discovery within the flagship Cue Gold Project in Western Australia.  Since its announcement to recommence drilling at the High-Grade Starlight Link Lode in early May, couple with the strong Gold rally of late, MGV has been performing phenomenally. 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.

Openpay Group Ltd (ASX:OPY)
OPY extends its incredible run to finish an astonishing 51.8 percent higher. On Monday, OPY finished the day up 26.7 percent after announcing it had secured GBP 25m in funding from Global Growth Capital to support its UK business. The company had released their quarterly updated on the 30th of April 2020. In Australia, the company has launched ‘Openpay for Business’ with Woolworths as its inaugural client. Integration is underway with revenues expected from H1FY21.

Novonix Ltd (ASX:NVX)
NVX shares continues to be on the rise with a 28.7 percent climb today after Tuesday’s table-topping performance of 31.7 percent as it carries momentum from May. On 15 May, NVX announced it has a breakthrough in making battery materials and trading at an astounding 36 percent higher. On 19 May, 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.

Seven West Media Ltd (ASX:SWM)
SWM surged 28.6 percent today triggering a explanation by ASX. On 13 May, SWM announced the sale of its Osborne Park property in Perth for AUD 75 million in conjunction with a AUID 40 million rised from the sale of Pacific Magazines to Bauer. Net debt was last reported at $569.5 million. The current market capitalisation is $161.5 million.

Vista Group International Ltd (ASX:VGL)
VGL climbed 23.4 percent today to round up the top 5 spot on the league table. On 29 May, analysts predicted that VGL to make a comeback given the film industry had taken a pretty bad hit from this COVID-19 pandemic. As the lockdown measures eases across the country, the film and entertainment industry is beginning to see a silver lining after almost three months of inactivity.

Honorable Mention:
Wisr Ltd (ASX:WZR)
Fintech neo-lender WZR firmed 18.2 percent today as the consumer discretionary spending is firmly believed to be back on the rise after months of lockdown amidst the COVID-19 pandemic. If you have not read The CEO Mindset interview featured today with CEO, Anthony Nantes, click here:

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