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 started trading.

 

WINNERS

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

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Innovative construction materials supplier Eden (ASX:EDE) has upgraded global sales forecast to $5.3m in FY24, which would put the company close to positive cashflow.

Explorer Octava Minerals (ASX:OCT) will buy the remaining 30% the Talga lithium project in the Pilbara.

IT solutions stock Cirrus (ASX:CNW) will be acquired by Atturra (ASX:ATA) for 5.3c per share – a ~30% premium to the last closing price and a ~25% premium to the 30-day volume weighted average price.

Cirrus shareholders can choose between cash and Atturra shares.

 

LOSERS

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

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Metal recycler Sims (ASX:SGM) is down ~12% at the open after saying steel demand remains subdued “across all regions”.

As a result of these market conditions, the Company anticipates Q1 FY24 EBIT to be approximately breakeven.