ASX June Winners: The best 50 stocks as inflation spikes

S&P/ASX 200 rose 1% in June with large caps leading gains with mid, small and emerging companies lagging
S&P/ASX 200 financials and consumer staples were the top performers in June with materials the biggest laggard
Urea fertiliser company NeuRizer and heavy mineral sands explorer MRG Metals were the biggest winners for June

Australia’s S&P/ASX 200 edged higher and closed the last month of FY24 up 1%. Large-cap companies continued to lead, with the YTD return differential between the S&P/ASX 50 and the S&P/ASX Small Ordinaries widening to 2%, according to S&P Dow Jones Indices (S&P DJI).

Looking at key economic data coming out in June and the Australian CPI climbed to its highest level in 2024, further reducing chances that the Reserve Bank of Australia (RBA) will cut interest rates any time soon.

According to new data from the Australian Bureau of Statistics (ABS), inflation is marching upward again with the monthly CPI indicator hitting 4% for May, much higher than April’s 3.6%, and above the 3.8% the market had forecast.

The RBA’s preferred measure of inflation – trimmed mean – rose to 4.4% in May from 4.1% in April.

The monthly inflation data is less comprehensive compared to the quarterly figures, which are scheduled for release on July 31. The quarterly inflation rate is forecast to rise to 3.8% for the April-June period, up from 3.6% in the March quarter.

IG Markets senior analyst Tony Sycamore says May’s rise in trimmed mean inflation puts pressure on the RBA to lift rates again. Several economists have warned the RBA may lift rates at its next June meeting.

“This means it will likely take a significant and unlikely downside surprise in June inflation data to prevent the RBA from delivering a fourteenth-rate hike to 4.60% before year-end,” Sycamore says.

Financials fronted up in June

Three of the 11 sectors finished in the red in June. The S&P/ASX 200 Financials and Consumer Staples were among the best performing sectors with 5.07% and 4.6% gains in June. The S&P/ASX 200 Financials has extended its YTD gains to 16.57%, while Consumer Staples having been in the red YTD is now in the black with a 2.15% gain.

The S&P/ASX 200 Information Tech sector remains the top performer for 2024, up ~28% YTD.

The S&P/ASX 200 Materials sector had the biggest fall of 6.49% in June and is the worst-performing sector YTD, down 11.69%.

Read Josh Chiat’s > Up, Up, Down, Down: Metals stink up the joint in a tough June

Among factor/thematic indices, the S&P/ASX 300 Shareholder Yield and the S&P/ASX 300 Net Zero 2050 Paris-Aligned ESG were among the best performers in June, extending their YTD excess returns versus the S&P/ASX 300 to 3% and 5%, respectively.

Fixed income volatile

S&P Global says Australian fixed income indices had volatile sessions in June as inflation accelerated faster than expected for three consecutive months, increasing uncertainties with the RBA’s upcoming policy rate decision in August.

Here were the 50 best performing ASX stocks for June:

Scroll or swipe to reveal table. Click headings to sort.

CODE	COMPANY	LAST SHARE PRICE	JUNE RETURN %	MARKET CAP
NRZ	Neurizer Ltd	0.013	550%	$24,731,598
MRQ	MRG Metals Limited	0.004	300%	$10,100,475
SCL	Schrole Group Ltd	0.46	156%	$16,539,322
ACW	Actinogen Medical	0.062	148%	$123,420,268
CE1	Calima Energy	0.008	131%	$5,067,488
OIL	Optiscan Imaging	0.235	124%	$183,774,977
8VI	8Vi Holdings Limited	0.135	121%	$6,286,713
VN8	Vonex Limited.	0.035	119%	$12,664,002
COV	Cleo Diagnostics	0.34	100%	$28,152,000
ENR	Encounter Resources	0.74	100%	$286,275,814
TTM	Titan Minerals	0.048	92%	$79,977,935
DXN	DXN Limited	0.064	88%	$12,942,255
EZZ	EZZ Life Science	1.845	86%	$70,616,988
K2F	K2Fly Ltd	0.185	85%	$33,646,894
BIO	Biome Australia Ltd	0.58	81%	$111,847,269
DRO	Droneshield Limited	1.72	79%	$1,250,582,640
T88	Taiton Resources	0.145	79%	$7,797,309
FRS	Forrestania Resources	0.034	79%	$5,177,144
SUM	Summit Minerals	0.34	70%	$23,028,808
AHF	Aust Dairy Limited	0.022	69%	$14,866,436
GCM	Green Critical Minerals	0.005	67%	$4,546,340
LTP	LTR Pharma Limited	0.78	63%	$53,860,198
SIX	Sprintex Ltd	0.05	61%	$26,049,615
LPM	Lithium Plus	0.16	60%	$21,174,400
NIM	Nimy Resources	0.064	60%	$9,452,535
TM1	Terra Metals Limited	0.072	60%	$23,070,738
AL3	AML3D	0.095	58%	$32,430,517
FAL	Falcon Metals	0.25	56%	$44,250,000
FTL	Firetail Resources	0.072	54%	$13,943,067
AXI	Axiom Properties	0.07	52%	$28,559,101
AKM	Aspire Mining Ltd	0.33	50%	$177,672,945
1MC	Morella Corporation	0.003	50%	$18,536,398
ADG	Adelong Gold Limited	0.006	50%	$6,707,934
AYM	Australia United Mining	0.003	50%	$5,527,732
OAU	Ora Gold Limited	0.006	50%	$35,705,798
SIT	Site Group Int Ltd	0.003	50%	$7,807,471
VPR	Volt Group	0.0015	50%	$16,074,312
WEL	Winchester Energy	0.003	50%	$4,081,688
XRG	Xreality Group Ltd	0.055	49%	$29,316,385
WWG	Wiseway Group	0.11	47%	$18,402,326
TVN	Tivan Limited	0.073	46%	$123,446,177
CCO	The Calmer Co International	0.008	45%	$9,669,200
M2M	Mt Malcolm Mines NL	0.026	44%	$4,052,964
JAT	Jatcorp Limited	0.66	43%	$49,127,186
RCL	Readcloud	0.083	43%	$11,842,565
SGQ	St George Mining	0.0255	42%	$23,724,970
FND	Findi Limited	4.7	42%	$232,293,812
ZGL	Zicom Group Limited	0.066	40%	$16,950,241
SEG	Sports Entertainment Group	0.28	40%	$74,787,225
CLA	Celsius Resource Ltd	0.014	40%	$36,418,691

Urea fertiliser company NeuRizer (ASX:NRZ) was the biggest winner for June with a 550% gain, despite spending much of the month not trading.

NEU announced a trading halt on June 14 and said on June 18 it would be suspended from quotation “pending an announcement regarding an ASX price query letter and response, along with an announcement in relation to a material acquisition”.

Come end of the month and NEU was still in a voluntary suspension, telling the market “the voluntary suspension will continue until the company is in a position to make the relevant announcement.”

MRG Metals (ASX:MRQ) also had a strong June (+300%) after inking a joint venture with Sinowin Lithium to develop its Mozambique Corridor Sands projects (Corridor Central and Corridor South) and its other Mozambique Heavy Mineral Sands projects.

Actinogen Medical’s (ASX:ACW) rose 148% after announcing positive results of its Phase 2a biomarker trial for Alzheimer’s Disease candidate Xanamem were published in the peer-reviewed Journal of Alzheimer’s Disease.

“This new peer-reviewed publication reports that Xanamem 10mg potentially slows AD progression in patients with high plasma pTau181,” ACW chief medical officer Dr Dana Hilt says in an announcement.

Optiscan Imaging (ASX: OIL) soared 124% in June after unveiling its innovative new medical imaging device, InVue, which has been designed to revolutionise precision surgery by granting surgeons immediate access to real-time digital pathology.

OIL in May announced it had entered a collaboration through a know-how agreement with the world-renowned Mayo Clinic to develop an endomicroscopic imaging system for use in robotic surgery.

Here were the 50 worst performing ASX stocks for June:

CODE	COMPANY	LAST SHARE PRICE	JUNE RETURN %	MARKET CAP
ME1	Melodiol Global Health	0.003	-95%	$582,276
CLZ	Classic Minerals	0.001	-80%	$1,511,096
SNX	Sierra Nevada Gold	0.035	-71%	$3,531,851
1TT	Thrive Tribe Tech	0.004	-69%	$1,882,486
IMI	Infinity Mining	0.015	-67%	$1,543,794
NSM	Northstaw	0.011	-66%	$1,678,509
FTC	Fintech Chain Ltd	0.006	-63%	$3,904,618
MMM	Marley Spoon Se	0.014	-61%	$2,119,039
ICU	Investor Centre Ltd	0.004	-60%	$1,218,045
MSG	MCS Services Limited	0.002	-60%	$594,299
GRV	Greenvale Energy Ltd	0.036	-59%	$17,890,427
DY6	DY6 Metals	0.07	-58%	$3,175,882
AAU	Antilles Gold Ltd	0.003	-57%	$3,986,140
SVG	Savannah Goldfields	0.013	-57%	$4,216,274
NNL	Nordic Nickel	0.048	-56%	$7,273,495
CTT	Cettire	1.17	-55%	$421,268,233
CAN	Cann Group Ltd	0.028	-55%	$12,476,132
EOF	Ecofibre Limited	0.03	-55%	$12,123,965
AVG	Aust Vintage Ltd	0.155	-50%	$50,779,648
ADS	Adslot Ltd.	0.001	-50%	$3,749,672
EEL	Enrg Elements Ltd	0.002	-50%	$3,029,895
FGL	Frugl Group Limited	0.05	-50%	$5,759,397
HCT	Holista CollTech Ltd	0.005	-50%	$1,394,000
IEC	Intra Energy Corp	0.0015	-50%	$1,690,782
MOM	Moab Minerals Ltd	0.003	-50%	$2,135,889
PNT	Panther Metals	0.024	-50%	$2,091,988
PUR	Pursuit Minerals	0.002	-50%	$10,906,200
QXR	Qx Resources Limited	0.006	-50%	$7,215,506
WNR	Wingara Ag Ltd	0.008	-50%	$1,579,883
CCX	City Chic Collective	0.125	-48%	$30,149,611
ANX	Anax Metals Ltd	0.023	-48%	$15,900,293
ASO	Aston Minerals Ltd	0.009	-47%	$11,655,578
EV1	Evolution Energy	0.034	-47%	$10,044,632
PLC	Premier1 Lithium Ltd	0.016	-47%	$2,793,186
JLL	Jindalee Lithium Ltd	0.31	-47%	$18,751,936
ENL	Enlitic Inc	0.14	-46%	$10,626,475
AML	Aeon Metals Ltd.	0.006	-45%	$7,674,804
SM1	Synlait Milk Ltd	0.235	-45%	$44,809,241
ZMM	Zimi Ltd	0.011	-45%	$1,356,829
CZN	Corazon Ltd	0.005	-44%	$3,005,575
HXG	Hexagon Energy	0.01	-44%	$5,642,075
CY5	Cygnus Metals Ltd	0.042	-44%	$13,201,161
CLU	Cluey Ltd	0.037	-43%	$6,451,634
AM7	Arcadia Minerals	0.041	-43%	$4,330,854
VBS	Vectus Biosystems	0.077	-43%	$4,097,210
AAJ	Aruma Resources Ltd	0.012	-43%	$2,362,698
ASR	Asra Minerals Ltd	0.004	-43%	$8,144,317
ENV	Enova Mining Limited	0.012	-43%	$10,537,223
FAU	First Au Ltd	0.002	-43%	$4,154,983
MCL	Mighty Craft Ltd	0.004	-43%	$1,475,637