Stockhead’s Top 10 at 10, published shortly after 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.

The Aussie bourse has opened higher amid further fears of interest rate hikes in the US after the latest jobs data released overnight showed companies were adding more jobs than expected in December.

The benchmark S&P/ASX 200 was pointing up 0.17%  by 10.30am.

American payrolls increased 235,000 during December from 182,000 in November, putting pressure on the Fed to hike rates at its February 1st meeting.

The jobs data caused US stocks to fall with the tech-heavy Nasdaq fell 1.5%, the S&P 500 closed 1.2% lower, while the Dow dropped 1%.



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

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Winsome Resources (ASX:WR1) has  announced promising assay results from its its 100-owned project in Quebec in Canada including:

  • Adina drill hole AD-22-005 shows lithium mineralisation, recording 1.34% Li2O over 107.6m
  • High-grade intersections of up to 2.21% Li2O over 30m from 41m to 71m (AD-22-005)
  • Additional significant mineralised pegmatite interval intercepted reporting 1.08% Li2O over 30m from 147m to 177.0m (AD-22-005).

WR1 said more assays on visual lithium mineralisation in core will be reported to the market in the next a couple of weeks



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

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Troubled fundie Magellan (ASX:MFG) was among this morning’s biggest losers after announcing net outflows of $2.6 billion in December.

Retail investors redeemed $600 million in December, while institutional investors accounted for $2 billion of outflows.

The company also reported performance fees for the six months ending December 31, 2022 are not meaningful.

Average FUM for the six months ended 31 December 2022 was $53.8 billion ($112.7 billion for the six months ended 31 December 2021).