The Market Movers || Which ASX Company Gave Negative Returns Of Nearly 50% Last Month?

• First stock in the list of top gainers today, shares of the food and beverages firm Graincorp surged over 8 per cent to hit the day’s high of $5.58, eyeing its best one-day gain since 13 November 2020. 

• Energy stock Whitehaven Coal soared almost 6 per cent to the intra-day high of $1.25. The stock may have surged as hopes of faster-than-previous expected recovery pushed oil prices to eight-week high on Wednesday.

• The stock of the oil & gas company Ausnet Services  surged 4.5 per cent to $1.82. The stock’s rise could be on account of a rise in crude oil prices. 

• The consumer stock Elders rose just over 3 per cent to the day’s high of $12.15. The stock rose despite no major positive update by the company today. Consumer stocks are generally considered defensive and usually outperform tech stocks when borrowing costs rise due to inflation.

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