Stockhead’s Top 10 at 10, published at 10.30am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data.

It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms.

The market opens at 10am (eastern time) and the data is taken at 10:15am, once every ASX stock has commenced trading.

 

WINNERS

Stocks highlighted in yellow have made market-moving announcements (click headings to sort).

Digital customer engagement platform maker Plexure (ASX:PX1) has updated commercial terms with its largest client, McDonalds.

The new deal will see Plexure continue to provide its platform to McDonald’s over the next five years, “for net positive cashflow per annum, subject to operational performance”. This compares with previous losses from the Plexure division, it says.

Plexure’s tech powers digital loyalty, personalisation, ordering and payment via the Maccas mobile app for customers across 66 markets, including major markets such as Italy and Japan.

Plexure expects, for the year ending 31 March 2023, total revenue of circa NZD$56 million, compared with NZD$32.6 million reported in the previous financial year. EBITDA is expected to be a profit of NZD$3.7 million for the year. This compares to an adjusted EBITDA loss of NZD$13.1 million for the previous financial year.

And Cobre (ASX:CBE) announced another big copper intersection from the Ngami project. The explorer is up 115% over the past month.

 

LOSERS

Stocks highlighted in yellow have made market-moving announcements (click headings to sort).