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Tuesday’s Top 10 ASX Companies



10 ASX Companies That Performed On Top Today - 9 June 2020

The S&P/ASX200 Index advanced 2.4 percent today after resuming from its first trading day this following the Queen’s Birthday state holiday on Monday. This marks the Index’s highest point since early March amidst the COVID-19 pandemic.

The Banking blue chips performed admirably as with ANZ (ASX:ANZ) soared 6.2 percent, Westpac (ASX:WBC) surged 5.8 percent while National Australia Bank (ASX:NAB) and Commonwealth Bank (ASX:CBA) both strengthened 5 percent.

Travel and airlines-related stocks extended their recovery gradually to pre-COVID levels. Air New Zealand (ASX:AIZ) ascended 20.7 percent after lockdown restrictions were lifted by the NZ government following tremendous success in curbing the coronovirus situation. 

Other travel stocks improved as Flight Centre (ASX:FLT) added 13.8 percent, Helloworld (ASX:HLO) gained 8.4 percent and national carrier, Qantas (ASX:QAN), closing 6.5 percent higher.

Elsewhere, Zip Co (ASX:Z1P) continues its amazing run with a further 15.8 percent added to its share price.

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

Novonix Ltd (ASX:NVX)
Battery materials developer NVX saw its share price skyrockted 76.6 percent after announcing a breakthrough in their fully-patented cathode manufacturing method utilising its proprietary dry particle microgranulation (DPMG) process. Just last week, NVX shares were trading 28.7 percent higher in the top 3.

Leigh Creek Energy Ltd (ASX:LCK)
Emerging gas firm LCK took second spot with a 36.8 percent jump in share price. The emerging gas and energy company recently announced that they could produce 200 million kilograms (kg) of hydrogen at less than AUD 1 per kg. This is significantly below of the Australian’s government target of AUD 2 per kg which was announced earlier in February.

Brainchip Holdings Ltd (ASX:BRN)
Tech developer BRN soared 36.3 percent today after official announcements of signing a joint development agreement with European automotive supplier, Valeo ,for the Akida System-on-Chip (SOC) which will help its bottom line as it streamlines and reduce its costs for supplying sensors for autonomous vehicles (AV) and advanced driver assistance systems (ADAS).

NetLinkz Ltd (ASX:NET)
Software company, NET saw its share price jumped 31.7 percent. NET is the creator of the Virtual Invisible Network, a globally patented, award winning network technology that allows organisations to quickly connect sites, devices and staff over the internet through a unique network solution that is invisible. NET recently acquired China-based AOFA Software Engineering Co Ltd in early April amidst the widespread COVID-19 that affected most Chinese cities.

Musgrave Minerals Ltd (ASX:MGV)
MGV finished 29.2 percent  higher to round up the top 5 after major discovery of near-surface gold grades of up to 18 metres at 179.4 g/t in drilling at the Starlight discovery at Break of Day within its Cue Gold Project in Western Australia’s Murchison district. This bonanza grade result from 30 metres was within 42 metres at 77.3 g/t from 30 metres and also included 6 metres at 498.2 g/t from 36 metres.

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