After Monday’s spectacular rally of about 1.3%, today, the ASX 200 has lost almost all of its gains. As of 2:35 PM AEST, the benchmark index ASX 200 is trading 1.1% down, at 7,094, trading close to the level from where the rally started yesterday.
The market is maintaining a cautious stance ahead of the budget 2021-2022 while cues from Wall Street were also not supportive. Nevertheless, a few penny stocks are still beating the odds in this environment by delivering decent gains. Let’s have a look at a few of these penny stocks.
APN Property Group (ASX:APD) share price has opened with a massive gap up of 47.5% and is currently trading at AU$0.9, compared to the previous closing of AU$0.61. KenoMedia Limited (ASX:KNM) share Price has surges by 11.1% and is trading at AU$0.1, compared to the previous closing of AU$0.9. Today, the company has confirmed confirm that New York City Councillors have committed a further US$3 million to the connect ALL Kids education initiative into New York City public schools.