Thursday’s Top 10 Companies On The ASX

The S&P/ASX 200 Index recovered 0.7 percent after a rally amongst iron ore large caps.

BHP Group (ASX:BHP) jumped 4.9 percent to mark’s it biggest win since May after positive sentiment on oil and after the SGX iron ore contract reached USD 114/tonne. Rio Tinto (ASX:RIO) and Fortescue Metals Group (ASX:FMG) both added 1.5 percent.

Energy stocked rallied as Santos (ASX:STO) up 3.8 percent and Woodside (ASX:WPL) improved 1.6 percent.

Gold miners bucked the trend despite the spot price reaching a record-high of USD 2,055 overnight. Northern Star Resources (ASX:NST) lost 0.9 percent and Saracen Mineral Holdings (ASX:SAR) fell 1.2 percent.

Archtis (ASX:AR9)
Software play AR9 surged 27.1 percent today. In its recent June quarterly report it had around AUD 2.5 million in the bank at the end of the quarter following a capital raise in May and June. (Source: The Market Herald)

LiveHire (ASX:LVH)
Recruitment and talent mobility software provider LVH soared 27 percent having recently announced its cash receipts increased 43% YoY to AUD 4.5 million for the full fiscal year ended in June while software-as-a-service annualised recurring revenue was AUD 3.5 million in the June quarter, a YoY increase of 38%. (Source: Staffing Industry Analysts)

Security Matters (ASX:SMX)
Brand protection, supply chain integrity and blockchain technology company rose 23.5 percent after announcements today that major corporations have joined forces to respond to one of the most pressing environmental challenges – plastic waste. (Source: Stockhead). Read the interview with CEO, Haggai Alon here: https://stockpal.asia/2020/05/the-ceo-mindset-haggai-alon/

iSelect (ASX:ISU)
Health insurance comparison site shot up 21.4 percent despite talks for takeover with Innovation Holdings Australia (IHA) after both parties failed to agree on terms of a material adverse change condition and the potential impact of the COVID-19 pandemic. (Source: The Sydney Morning Herald)

Tesserent (ASX:TNT)
Security services provider TNT 21.1 percent having recently acquired NSW-based consulting firm, Seer Security, for AUD 5 million in equity and cash.

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