Stockhead’s Top 10 at 11, published 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. West Australians are enjoying a long weekend today with the Labour Day public holiday, which is  slowing announcements from companies in WA, particularly on the resources front.



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

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Queensland renewable energy company Genex Power (ASX:GNX) announced that it has received an indicative bid proposal from Japan’s Electric Power Development, J-Power, valuing its equity at ~$380m.

In an announcement GNX says its has granted J-Power, one of Japan’s largest utility companies, permission to conduct a thorough examination of its financial records to determine whether the proposed offer of 27.5 cents/share in cash will be formalised.

Additionally, J-Power has presented an alternative offer to secure control of the company in case there is insufficient support from GNX’s shareholders for the primary bid.

The second offer entails a lower amount of 27 cents/share in cash, contingent on approval from shareholders to hold a minimum of 50.1% of the company’s stock.

J-POWER is a 50% joint development partner of GNX for its Kidston Stage three Wind and Bulli Creek Solar and Battery projects, and holds 7.72% of its shares on issue. J-POWER also extended a $35 million corporate loan facility to Genex in 2023, which remained fully drawn at 31 December 2023



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

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