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Tuesday’s Top 10 ASX Companies



10 ASX Companies That Performed On Top Today - 16 June 2020

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.

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

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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