Thursday’s Top 10 Companies On The ASX

The S&P/ASX 200 Index fell 0.9 percent after unfavourable numbers in unemployment rates and job losses across Australia in May as announced today.

Mining and minerals blue chips tumbled a second day as Fortescue Metals Group (ASX:FMG) fell a further 4.2 percent, Rio Tinto (ASX:RIO) retreated 1.3 percent and BHP Group (ASX:BHP) suffered a 0.9 percent drop.

Gold stocks fell accordingly with the declining gold price as Northern Star Resources (ASX:NST) dipped 2.0 percent, Newcrest Mining (ASX:NCM) retreated 1.8 percent and Evolution Mining (ASX:EVN) declined 0.8 per cent.

The Banking blue chips did not fare any better as National Australia Bank (ASX:NAB) wiped off 0.9 percent and Commonwealth Bank (ASX:CBA) slid 0.8 percent.

Splitit Payments Ltd (ASX:SPT)
SPT share price skyrocketed 108 percent after signing a multi-year deal with Mastercard to aid the acceleration and adoption of its payment-instalment scheme globally, given the massive presence of Mastercard amongst retailers around the world.

Berkeley Energia Ltd (ASX:BKY)
High impact, clean energy company BKY got into the top 3 for the second time this week after its share price soared 40.3 percent. BKY is currently advancing permitting efforts for its uranium mine development project in western Spain near Madrid as it shifts its focus more on the Spanish capital.

Turners Automotive Group Ltd (ASX:TRA)
Integrated financial services group TRA surged 28.3 percent today after releasing its yearly FY20 results for the year ending 31 March 2020. The group also own Oxford Finance, Autosure, and EC Credit Control. TRA devliered 11 percent increase in underlying NPBT from NZD 26 million to NZD 28.8 million despite a 1 percent decline in revenues.

Firstwave Cloud Technology Ltd (ASX:FCT)
Cloud-based cyber-security solutions provider FCT rose 23.5 percent today. In a recent announcement on 12 June, FCT successfully completed an equity raise of AUD 14.9 million with AUD 9 million from the retail component. This raise is in line with FCT’s strategy of establishing as the leading cybersecurity partner.

Wameja Ltd (ASX:WJA)
Financial services stock WJA saw its shares advanced 21.1 percent to round up the top 5. Wameja & Mastercard are joint venture partners of the HomeSend global payment hub. HomeSend was originally develop as a strategic partnership in 2008 before being launched as a Joint Venture with Mastercard in 2014.

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