Market News
Monday Movers – Top 10 ASX Companies Today
The S&P/ASX200 Index retreated 0.7 percent today after a worrying spike in COVID-19 cases in the Victoria region after lockdown measures were eased.
Mining blue chips led the slump as BHP Group (ASX:BHP) fell 1.7 percent, Rio Tinto (ASX:RIO) declined 1 percent and Fortescue Metals Group (ASX:FMG) closed 0.7 percent lower
Healthcare sector had mixed performance as Biopharceutical giant CSL (ASX:CSL) dipped 2.2 percent, Cochlear (ASX:COH) dropped 1.6 per cent while Mesoblast (ASX:MSB) soared 11.3 percent.
Travel related stocks performed poorly Sydney Airport (ASX:SYD) plunged 1.6 percent and Transurban (ASX:TCL) retreated 2.4 percent.
Allegra Orthopaedics Ltd (ASX:AMT)
Industry leading orthopaedic producer AMT skyrocketed 502.3 percent today after announcing a share-based acquisition of patents held by the University of Sydney in connection with a “unique bio ceramic material known as Sr-HT-Gahnite”. (Source: Stockhead)
QuickFee Ltd (ASX:QFE)
Payment solutions for professional service firms provider QFE surged 33.3 percent after last week’s announcement to increase its existing debt and lending facility limits in U.S. and Australia to meet the growing demand for payment plans. (Source: The Market Herald)
Phoslock Environmental Technology (ASX:PET)
Water treatment company PET soared 30.4 percent today having recently downgrading its revenue guidance as a new outbreak of COVID-19 hits China. The predicted revenue stream for FY20 was set at AUD 30-40m, down from the initial forecast of AUD 50-70 million.
Biotron Ltd (ASX:BIT)
Biopharm firm BIT ascended 30 percent after its lead candidate HIV-1 drug BIT225 has been shown to boost the body’s immune response to HIV by inhibiting viral protein Vpu, while also having an anti-viral effect. (Source: SmallCaps.au)
Musgrave Minerals Ltd (ASX:MGV)
Junior minerals explorer MGV gained 24 percent today after 85m @ 11.6g/t Gold were intersected Near Surface at Starlight lode at Break of Day, its flagship Cue Gold Project in Western Australia’s Murchison district that is owned 100% by MGV.
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- KGL Resources Limited (ASX:KGL)
- Com Limited (ASX:UBN)
- Uniti Group Limited (ASX:UWL)
- Panoramic Resources Limited (ASX:PAN)
- Wiluna Mining Corporation (ASX:WMX)
- CogState Ltd (ASX:CGS)
- Noxopharm Limited (ASX:NOX)
- Immuron Limited (ASX:IMC)
- OpenPay Group Ltd (ASX:OPY)
- Vmoto Limited (ASX:VMT)
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The S&P/ASX200 Index recovered 0.7 percent on Monday aided by the big miners while tech sector continues its slump.
Banks were up across the board as National Australia Bank (ASX:NAB) grew 1.5 percent, Westpac Banking Corp (ASX:WBC) added 1 percent, Australia and New Zealand Banking Group (ASX:ANZ) jumped 0.9 percent and Commonwealth Bank of Australia (ASX:CBA) rose 0.6 percent.
Iron ore miners had a good field day as Rio Tinto (ASX:RIO) charged 3.9 percent, Newcrest Mining (ASX:NCM) climbed 3.6 percent,Fortescue Metals Group (ASX:FMG) advanced 2.1 percent and BHP Group (ASX:BHP) rallied 1.9 percent.
‘Buy-now, pay-later’ and Tech sector continues to show weakness after PayPal joined the fray last week as Splitit (ASX:SPT) dipped 6.1 percent, Openpay (ASX:OPY) plunged 5.8 percent, Sezzle (ASX:SZL) lost 1.9 percent and Afterpay (ASX:APT) dropped 1.8 percent.
The Citadel Group Limited (ASX:CGL)
Software and services company CGL surged 40 percent after Pacific Equity Partners submitted their proposal to acquire Citadel
Deep Yellow Limited (ASX:DYL)
Specialist differentiated uranium company DYL soared 34.6 percent after recent recommencement of its drilling program in Tumas Project, Namibi
NetLinkz Limited (ASX:NET)
Virtual invisible network provider NET jumped 26.9 percent after recording strong earnings for FY20 with revenue up 846%
New Century Resources Limited (ASX:NCZ)
Base metal development company NCZ rose 26.1 percent having recently rejected the acquisition of Vale Nouvelle-Caledonie’s (VNC) nickel and cobalt mines on the Pacific island of New Caledonia from Brazilian miner Vale. (Source: Mining Technology)
Seafarms Group Limited (ASX:SFG)
Seafood producer SFG closed 18.2 percent higher having recently been announced by the Aussie government of its plan to upgrade and seal a 7.5 kilometer stretch of road loading to Legune Station, the site for the farm and associated infrastructure of Project Sea Dragon, the 7,000-hectare black tiger shrimp operation planned by Seafarms Group. (Source: Under Current News)
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- Deep Yellow Limited (ASX:DYL)
- NetLinkz Limited (ASX:NET)
- Seafarms Group Limited (ASX:SFG)
- Digital Wine Ventures Limited (ASX:DW8)
- Canyon Resources Limited (ASX:CAY)
- St George Mining Limited (ASX:SGQ)
- MyFiziq Limited (ASX:MYQ)
- Liontown Resources Limited (ASX:LTR)
- New Century Resources Limited (ASX:NCZ)
- Capricorn Metals Ltd (ASX:CMM)
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