Top 10 at 10: Which ASX tech and construction stocks are flying and falling in early trade Tuesday?
Pic: Via Getty
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).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| WBE | Whitebark Energy | 0.0015 | 50% | 4,264,243 | $6,464,886 |
| SKF | Skyfii Ltd | 0.051 | 46% | 405,367 | $14,489,255 |
| ADR | Adherium Ltd | 0.005 | 25% | 123,625 | $19,100,782 |
| GLV | Global Oil & Gas | 0.003 | 20% | 174,118 | $4,683,387 |
| FML | Focus Minerals Ltd | 0.16 | 19% | 36,689 | $38,685,417 |
| IPT | Impact Minerals | 0.007 | 17% | 2,000,000 | $14,888,223 |
| NZS | New Zealand Coastal | 0.0035 | 17% | 1,500,000 | $3,381,015 |
| SGA | Sarytogan | 0.265 | 15% | 947,693 | $14,192,643 |
| ARO | Astro Resources NL | 0.004 | 14% | 50,000 | $17,126,434 |
| TGN | Tungsten Min NL | 0.089 | 14% | 5,000 | $61,340,313 |
Skyfii (ASX:SKF) will deploy its tech at 8 MacDonalds restaurants in the US, which will allow them to monitor restaurant service channels and efficiency of food preparation in real-time. The deal is worth $2m.
Sarytogan Graphite (ASX:SGA) has announced thick, shallow and high grade infill drilling results at its flagship project in Kazakhstan.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| ARE | Argonaut Resources | 0.001 | -50% | 1,000,000 | $10,857,076 |
| TD1 | Tali Digital Limited | 0.002 | -33% | 250,000 | $3,697,892 |
| TSC | Twenty Seven Co. Ltd | 0.001 | -33% | 1,010,000 | $7,982,442 |
| LRL | Labyrinth Resources | 0.014 | -22% | 493,858 | $15,720,602 |
| DW8 | DW8 Limited | 0.0025 | -17% | 28,118,182 | $8,854,568 |
| PCL | Pancontinental Energ | 0.005 | -17% | 90,806 | $45,325,337 |
| CNJ | Conico Ltd | 0.01 | -13% | 12,798,932 | $16,732,133 |
| JHX | James Hardie Indust | 29.16 | -13% | 1,151,255 | $14,880,417,846 |
| HPC | Thehydration | 0.115 | -12% | 39,164 | $18,701,262 |
| MCM | Mc Mining Ltd | 0.23 | -12% | 3,182 | $51,390,266 |
Building stock James Hardie (ASX:JHX) enjoyed record Q2 results, but warned that “over the past 45 days, we have seen a significant change to the outlook of housing market activity for the second half of our fiscal year in most of the geographies where we participate”.
“In North America … based on the significant decline in market expectations, which we have reviewed with our customer partners, we now expect second half volume growth to be between negative 5% and negative 8%, versus the prior year, which is a significant reduction to our August/September projections,” it says.
“In Australia, labour shortages and unfavourable weather conditions are constraining housing market activity despite strong contracted backlogs.
“In addition, we have had customers in Australia and New Zealand ask to lower inventory levels as we enter this period of market uncertainty.”
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