Good morning, and welcome to Stockhead’s Top 10 at shortly-before-11-ish, which is meant to highlight the best (and sometimes worst) performing ASX stocks in morning trade using live data, to provide a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms that have made announcements.
The market opens at 10am (eastern time) and the data is taken at 10:15am, once every ASX stock has started trading – for better or worse – and then I do my best to make sense of who’s moving where and why it might be happening.
The ASX 200 benchmark is off to a solid +0.6% start this morning, thanks in no small part to a massive bump for the InfoTech sector, and that’s mostly because Block Inc has gone ballistic, up +15.5% in the opening minutes in what is surely an unsustainable attempt to escape Earth’s gravitational pull and drift aimlessly off into the deep, dark void of interstellar space where there’s nobody around to see you scratch yourself somewhere intimate whenever you want to, and they only possible hazard is the likelihood of being run over by that Tesla Elon Musk launched on his rocket ship ages ago, because those electric cars are very quiet, but in space you’ll never know it’s there until it’s gotcha.
Anyway… here’s what’s been happening since the doors were opened this morning…
WINNERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
Code Description Last % Volume MktCap JAV Javelin Minerals Ltd 0.001 -50% 357,981 $3,267,458 MTB Mount Burgess Mining 0.002 -33% 146,000 $3,134,440 TKL Traka Resources 0.0015 -25% 250,000 $3,501,317 SGR The Star Entertainment Group 0.435 -22% 22,009,707 $1,606,461,291 PUA Peak Minerals Ltd 0.002 -20% 413,156 $2,603,442 ROG Red Sky Energy 0.004 -20% 305,000 $27,111,136 HUM Humm Group Limited 0.57 -18% 1,039,619 $353,184,666 ASV Asset Vision Company 0.015 -17% 260,050 $13,065,058 ADD Adavale Resource Ltd 0.005 -17% 78,500 $6,067,033 YOJ Yojee Limited 0.042 -16% 4,668 $8,485,231
American Rare Earths (ASX:ARR) has fallen this morning after revealing it has received firm commitments via an institutional placement to raise gross proceeds of A$13.5 million at an issue price of A$0.30 per share, well below this morning’s $0.38 open.
The Agency Group Australia (ASX:AU1) has reported that it sold 3,115 properties, which was a 9.4% increase on pcp, delivering revenue of $43.9 million which helped the company reach an underlying EBITDA for the 1H FY24 period of +$0.56 million, up from the 1H FY23’s -$0.95 million.
Laserbond (ASX:LBL) has dropped its half-year report this morning, disappointing the market with a rise in revenue but an overall drop in NPAT to $1,689,000, well below the previous years’ result of $2,000,000 on the nose.
The post Top 10 at 11: Half-year numbers speak for themselves as reporting season marches on appeared first on Stockhead.
