Top 5 ASX gainers of the day

  • March 09, 2021 02:27 PM AEDT
  • Ashish
    Ashish
    Financial Journalist Ashish
    145 Posts

    Ashish is a Financial Journalist with an experience of nearly 9 years in the field of economy, stock market and foreign affairs. He has also spent a few years in the corporate sector. A mechanical engineer with post-graduation in marketing and operat...

Top 5 ASX gainers of the day

Source:Shahril KHMD,Shutterstock

Summary

  • After opening marginally higher on Tuesday, the ASX200 is now trading up 0.39 per cent to 6766.10.
  • The Australian benchmark equity index is up, even as the US markets closed mixed amid sell-off in the tech stocks.
  • The rise of the ASX 200 has been led by stocks such as Vocus and Unibail-Rodamco-Westfield which surged as high as 9 per cent so far in the intraday trade. 

After opening marginally higher on Tuesday, the ASX200 is now trading up 0.39 per cent to 6766.10. The Australian benchmark equity index is up, even as the US markets closed mixed amid sell-off in the tech stocks. The rise of the ASX 200 has been led by stocks such as Vocus and Unibail-Rodamco-Westfield which surged as high as 9 per cent so far in the intraday trade.  Here are the top five ASX gainers of the day:

Image Source: © Cammeraydave | Megapixl.com

Vocus (ASX:VOC)

Shares of Vocus Group Ltd surged as high as 9 per cent to A$5.45 in the intraday trade on Tuesday. The stock was in focus after the specialist fibre and network solutions provider announced that it has entered into an agreement with a consortium, which would acquire 100 per cent of the share capital of Vocus for A$5.50 cash per share. The acquisition would be at a 10 per cent premium to the latest share price.

Unibail-Rodamco-Westfield (ASX:URW)

The stock of Unibail-Rodamco-Westfield surged nearly 6.5 per cent to the day’s high of A$5.44 per cent. There was no major trigger for the stock on Tuesday. The stock has gained recently even as the company reported muted earnings for 2020.  However, the announcement of the downsizing program has pushed up the stock price. The company plans to offload its US and other European assets for an estimated 4 billion euros. It would help it to pay its debt.

Clinuvel Pharmaceuticals (ASX:CUV)

The shares of Clinuvel Pharmaceuticals Ltd soared nearly 6 per cent to A$23.74. The pharma company recently reported its tenth consecutive half-year profit for the six months ending 31 December 2020. The net profit after tax (NPAT) soared 962 per cent to a record A$6.5 million. The revenue also improved for the half-year to $15.743 million, 58 per cent higher from the corresponding period of last year. Clinuvel also recorded positive earnings per share of 13.3 cents per share.

Image Source: © Cammeraydave | Megapixl.com

Corporate Travel (ASX:CTD)

The stock of Corporate Travel Ltd rose nearly 5.5 per cent to the day’s high of A$20.38.  The travel company recently reported its results for the financial year 2020.  The revenue declined 75 per cent from A$222 million last year to A$56.5 million. The profit dipped from A$32.9 million to a loss of A$36.4 million. However, the company said that the financial results were better than anticipated. The travel sector expects vaccine rollouts in the US and UK to accelerate the revival of international travel.

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Perpetual (ASX:PPT)

The Perpetual Ltd’s stock surged as much as 4 per cent to the day’s high of A$32.73. Perpetual reported a net profit after tax (NPAT) of A$29.2 million for the half-year ended 31 December 2020, down from A$51.6 million in the last year’s corresponding period. Perpetual reported an underlying profit after tax of $52.6 million for the half-year ended 31 December 2020, down from A$58.9 million for the half-year ended 31 December 2019. However, the first half 2021 operating revenue was up 10 per cent on the prior corresponding period to A$280.6 million. The company expected to continue making progress in the future.

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