Market News
Tuesday’s Top 10 ASX Companies
The S&P/ASX200 Index surged 3.9 percent to mark its best performance since early April and ends a three-day losing streak.
The Banking blue chips recovered healthily across the board as ANZ (ASX:ANZ) soared 4.5 percent, Commonwealth Bank (ASX:CBA) advanced 4.2 percent, Westpac (ASX:WBC) and National Australia Bank (ASX:NAB) both improved 4.1 percent.
Other blue chips also rallied, as ‘buy now, pay later’ fintech Afterpay (ASX:APT) surged 10.5 percent, conglomerate giant Wesfarmers (ASX:WES) recovered 3.6 percent, BHP Group (ASX:BHP) and telecom giant Telstra (ASX:TLS) both improved 2.9 percent while biopharmaceutical heavyweight CSL (ASX:CSL) gained 1.9 percent.
Wisr Ltd (ASX:WZR)
Neo-lender WZR shares skyrocketed 35.5 percent after reporting today that its loan originations have recovered to pre-COVID-19 levels. WZR performed admirably during the pandemic as it provides much needed payment deferrals and financial assistance amidst the slowdown in the global economy.
Openpay Group Ltd (ASX:OPY)
Buy-now, pay later provider OPY surged 28.5 percent as it extends its incredible run to and saw its share price jump over 850% since the lowest traded price at the end of March. Recently OPY 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.
Berkeley Energia Ltd (ASX:BKY)
High impact, clean energy company BKY saw its shares soar 25.9 percent as it continues its rise since the lockdowns and COVID-19 pandemic that swept across the globe. As quoted from its website, “The world class uranium project is being developed in an historic mining area in western Spain, about three hours west of Madrid. Following recent ministerial approval, the Company has now received all the European Union and National level approvals required for the initial development. The project will generate measurable social and environmental benefits in the form jobs and skills training in a depressed rural community. It will also make a significant contribution to the security of supply of Europe’s zero carbon energy needs, where Euratom recently rated “lack of investment in new mines” as the number one risk facing European utilities.”
Pointsbet Holdings Ltd (ASX:PBH)
Racing and sports online betting giant PBH climbed 16.7 percent in share price. This is in line with the resumption of the AFL on 11 June after a 3- month hiatus due to the COVID-19 outbreak.
Prospa Group Ltd (ASX:PGL)
Online lender PGL saw its shares jumped 16.5 percent today. PGL was recently given access to the Australian government’s SME Guarantee Scheme to support small businesses impacted by the COVID-19 pandemic. This scheme will see up to AUD 40 billion in lending across the SMEs inclusive of sole traders and NPOs. PGL believes it is uniquely placed to implement the Government’s initiative. Since the launch of the platform, PGL has originated over $1.4 billion in loans across Australia and New Zealand.
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The S&P/ASX200 Index finished on a low, losing 1.6 percent amidst uncertainty in COVID-19 status worldwide.
Banks continues its losing streak as Macquarie Group (ASX:MQG) plunged 2.8 percent, Australia and New Zealand Banking Group (ASX:ANZ) crashed 2.4 percent, Westpac (ASX:WBC) retreated 2 percent, National Australia Bank (ASX:NAB) dumped 1.5 percent and Commonwealth Bank of Australia (ASX:CBA) dipped 0.5 percent.
Iron ore producers were mostly a drag as Newcrest Mining (ASX:NCM) disposed 3.9 percent, BHP Group (ASX:BHP) slid 2.2 percent, Rio Tinto (ASX:RIO) lost 1.1 percent while Fortescue Metals Group (ASX:FMG) grew 0.9 percent.
‘Buy-now, pay-later’ sector was in the red as Afterpay (ASX:APT) plummetd 3.3 percent, Splitit (ASX:SPT) lost 1.7 percent, Sezzle (ASX:SZL) fizzled 1 percent and Zip Co (ASX:Z1P) scrapped 0.2 percent while OpenPay (ASX:OPY) climbed 1.5 percent.
Xplore Wealth Limited (ASX:XPL)
One of Australia’s leading independent platform providers and investment administrators, XPL skyrocketed 187.9 percent after they entered into a binding Scheme Implementation Agreement with HUB24 Limited (ASX:HUB) as the latter looks to acquire 100 percent of XPL’s shares.
Credit Clear Limited (ASX:CCR)
Newly-listed Australian receivables management solution provider CCR continues its fine second trading day on the ASX with a decent 16.4 percent increase. CCR is a FinTech founded in 2017 who has developed a proprietary digital billing and communication technology platform which allows organisations to manage communications and payment arrangements with their customers through an interactive digital and mobile interface as part of a full-service receivables suite of services.
4DS Memory Limited (ASX:4DS)
Semiconductor development company of non-volatile memory technology, 4DS surged 15.4 percent after releasing its annual report to its shareholders.
BluGlass Limited (ASX:BLG)
Australian semiconductor technology developer BLG jumped 15 percent after announcing that they are to contribute laser diode development to Yale University for US Defense Advanced Research Projects Agency (DARPA) program.
Droneshield Limited (ASX:DRO)
Worldwide leader in drone security technology DRO rose 14.7 percent on Thursday. Watch the Q&A Interview with CEO, Oleg Vornik here: https://stockpal.asia/2020/07/qa-with-stockpal-droneshield-ltd-asxdro/
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The S&P/ASX200 Index rebounded slightly from Tuesday’s slump to finish 0.1 percent higher.
Major banks were in the red as Macquarie Group (ASX:MQG) plunged 2.7 percent, Australia and New Zealand Banking Group (ASX:ANZ) crashed 1.7 percent, Westpac (ASX:WBC) retreated 1.4 percent, National Australia Bank (ASX:NAB) fell 1.1 percent and Commonwealth Bank of Australia (ASX:CBA) lost 0.4 percent.
Iron ore miners finished mixed as Fortescue Metals Group (ASX:FMG) climbed 1.7 percent, Newcrest Mining (ASX:NCM) grew 0.8 percent but BHP Group (ASX:BHP) dipped 0.5 percent and Rio Tinto (ASX:RIO) dumped 0.4 percent.
BNPL sector finished mostly in the green as Afterpay (ASX:APT) soared 7.3 percent, Splitit (ASX:SPT) added 1.4 percent and Sezzle (AX:SZL) firmed 1.2 percent but Openpay Group (ASX:OPY) retreated 2.2 percent and Zip Co (ASX:Z1P) dipped 0.5 percent
Credit Clear Limited (ASX:CCR)
Australian receivables management solution provider CCR started its first trading day on the ASX with a healthy 58.7 percent jump on its IPO price. CCR is a FinTech founded in 2017 who has developed a proprietary digital billing and communication technology platform which allows organisations to manage communications and payment arrangements with their customers through an interactive digital and mobile interface as part of a full-service receivables suite of services.
Firefly Resources Limited (ASX:FFR)
WA-based gold explorer FFR surged 47.1 percent on Wednesday having just finished a AUD 6 million capital raising round on 1st October accelerate its gold drilling program at its 100 percent-owned Yalgoo Gold Project.
iCandy Interactive Limited (ASX:ICI)
Global mobile gaming and digital entertainment company ICI soared 36.4 percent after its latest operational update, declaring its partnership with South Korean game studio, Nanali Inc. to release its much anticipated Hellopet House – virtual pet collection game launching in over 45 countries worldwide.
Andromeda Metals Limited (ASX:ADN)
Emerging industrial minerals explorer AND jumped 21.4 percent after its Halloysite-based nanocarbon (Fullerene) materials produced from Great White halloysite-kaolin has reached breakthrough for Natural Nanotech.
Tinybeans Group Limited (ASX:TNY)
Family-oriented app and web platform provider TNY rose 17.5 percent after appointing two new USA-based board members, namely Andrea Cutright based in San Francisco and Kathy Mayor based in Miami. Watch the Q&A Interview with CEO Eddie Geller here: https://stockpal.asia/2020/08/qa-with-stockpal-tinybeans-group-limited-asxtny/
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The S&P/ASX200 Index endured one of its worst trading days since 30 September as it tumbled 1.7 percent on Tuesday despite the easing of restrictions in Victoria state.
Banks were a drag on the index as Commonwealth Bank of Australia (ASX:CBA) succumbed 1.4 percent, National Australia Bank (ASX:NAB) lost 1.2 percent, Macquarie Group (ASX:MQG) and Australia and New Zealand Banking Group (ASX:ANZ) both finished 0.9 percent lower and Westpac (ASX:WBC) wrote off 0.8 percent.
Iron ore miners showed weakness as Rio Tinto (ASX:RIO) threw away 2.5 percent, Fortescue Metals Group (ASX:FMG) downed 2.4 percent, BHP Group (ASX:BHP) dived 2.2 percent and. and Newcrest Mining (ASX:NCM) lost 0.6 percent.
‘Buy-now, pay-later’ sector continues to bleed as Zip Co (ASX:Z1P) plunged 5.4 percent, Afterpay (ASX:APT) crashed 4.7 percent, Sezzle (ASX:SZL) fizzled 2.1 percent and Splitit (ASX:SPT) dipped 1.7 percent.
Strategic Elements Ltd (ASX:SOR)
Venture builder SOR skyrocketed 130.8 percent after successfully developing a flexible self-charging battery.
Amani Gold Limited (ASX:ANL)
Junior gold miner ANL surged 100 percent. ANL possesses a low grade but large (4.1moz) gold resource at its Giro project in the Democratic Republic of Congo. (Source: StockHead)
Gladiator Resources Limited (ASX:GLA)
Gold and precious metals explorer GLA soared 50 percent having finalized its exploration plans for Victorian projects in early October.
Intra Energy Corporation Limited (ASX:IEC)
Coal explorer and power generator IEC jumped 42.9 percent. IEC recently announced a September update for its two flagship projects namely Minas do Lurio Gold Project in Mozambique and Tancoal Energy in Tanzania.
PanTerra Gold Limited (ASX:PGI)
Dominian Republic-based gold and silver explorer PGI shot up 35.9 percent after releasing its quarterly activities on Tuesday morning.1
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