It’s not just hand sanitisers, these 3 micro-sectors have been winners during the coronavirus crisis
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The coronavirus has been troubling markets for much of the year and has sent them tumbling this week as its spread abroad becomes more serious.
The biggest coronavirus-panic-fuelled share price gains have come from antimicrobial solution maker Zoono (ASX:ZNO) which is now a 19-bagger, having spiked from 8.2c to $1.64 since mid-October. It has been overwhelmed with demand for its products since the virus broke out.
But as tough as it is to see many other winners, Stockhead has observed the rise of a few micro-industries on the ASX in recent weeks.
The personal products sector has gained 14 per cent in the last month and 26 per cent in the year to date.
This sector includes another hand sanitiser stock, Holista CollTech (ASX:HCT), which distributes its products in Asia and like Zoono has witnessed substantial demand.
Up 24 per cent in the year to date, this sector has its fair share of winners. The biggest share price gainer in this sector is digital tech agency Neccentric (ASX:NCL), which has surged 480 per cent.
Prominent Malaysian entrepreneur Ganesh Kumar Bangah bought and 84 per cent stake in the company.
Meanwhile, marketing and payments penny stock Rewardle Holdings (ASX:RXH) has had a good year too, climbing 67 per cent. The last news out of the company was on New Years Eve, when it announced it was breaking into the coffee market. Rewardle partnered with Beanhunter, a crowd review site.
Telecommunications is hardly the cheapest industry to be in but some would argue its joined death and taxes as life’s certainties given the rise of smart phones.
The most notable member of this sector, up 9 per cent in 2020, is last year’s most successful IPO Uniti Group (ASX:UWL), which has actually stagnated this year.