Monday Movers – Top 10 ASX Companies Today

The S&P/ASX200 Index went up 1.1 percent today to recover from the 1.6 percent decline last Friday.

The Mining sector performed well today again as Fortescue Metals Group (ASX:FMG) soared 6.4 percent. Rio Tinto (ASX:RIO) and BHP Group (ASX:BHP) recorded gains of 4.1 percent and 3.1 percent respectively.

The Banking blue chips performed marginally well with ANZ (ASX:ANZ) firming 0.9 percent, National Australia Bank (ASX:NAB) up 0.8 percent and Commonwealth Bank (ASX:CBA) just closing 0.2 percent higher for the day.

Other blue chips performed mixed, with notable names such as Wesfarmers (ASX:WES) advancing 0.7 percent while Woolworths (ASX:WOW) and Telstra (ASX:TLS) declined 0.2 percent and 0.6 percent respectively.

Elsewhere, construction-related stocks performed well as ADBRI (ASX:ABC) surged 8.8 percent, Boral (ASX:BLD) rose 6.7 percent and Fletcher Building (ASX:FBU) gaining 5.3 percent.

Onevue Holdings Ltd (ASX:OVH)
OVH today topped the chart with a massive 56.3 percent gains after announcement of IRESS acquiring OneVue today. IRESS CEO, Andrew Walsh explained the move: “With structural shifts and changing market dynamics, our strategy is to continue to generate long-term growth opportunities, leveraging technology and automation, while helping clients achieve efficiency, compliance and growth.”

Openpay Group Ltd (ASX:OPY)
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.

Zoono Group Ltd (ASX:ZNO)
Antimicrobial company, Zoono, surged 21.6 percent today to end in the top 3. ZNO has seen its share price rose tremendously during this COVID-19 pandemic as demand for hand sanitisers and anti-bacterial products continue to grow in demand. On 5 May 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.

Challenger Exploration Ltd (ASX:CEL)
Junior Gold explorer, CEL, was up 19.6 percent having recently announced on 26 May that its Colorado V Project in Ecuador confirmed  the presence of a large-scale gold system after initial results from assaying historical holes. Kris Knauer, Managing Director, mentioned these results indicate the potential presence of a large-scale gold system and that assaying of holes along strike from ZK-02 will now be prioritised.

Blackham Resources Ltd (ASX:BLK)
BLK traded 18.8 percent higher today after recently releasing an ASX announcement titled “Outstanding drill results confirm Wiluna sulphide strategy”. These results from recent drilling at the Essex and Bulletin lodes include 14.45m at 17.16 grams per tonne gold from 18.95m; 12.4m at 7.93g/t gold; 12m at 7.01g/t gold; and 6m at 53.73g/t gold, including 1m at 283g/t gold.

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