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Which ASX 300 shares are the biggest winners and losers mid-week?

The ASX 300 is pushing ahead mid-week…
The post Which ASX 300 shares are the biggest winners and losers mid-week? appeared first on The Motley Fool Australia. –

The S&P/ASX 300 Index (ASX: XKO) is edging higher today after spending the last two days in negative territory.

At the time of writing, the ASX 300 is up 0.08% to 7,510 points. This is just 1.5% shy of its record high of 7,625 points achieved last Friday.

Let’s take a look at which ASX companies are leading the charge today.

Pro Medicus Limited (ASX: PME)

The Pro Medicus share price is rocketing 12.02% to $63.29 after the healthcare technology company provided investors with its FY21 results.

Pro Medicus delivered another record financial year underpinned by an increase in revenue from existing customers as well as new multi-year contracts. The company decided to reward shareholders with a fully-franked final dividend of 8 cents per share. This will be distributed to eligible shareholders on 1 October 2021.

Domino’s Pizza Enterprises Ltd(ASX: DMP)

Domino’s shares are having a bumper Wednesday, with the company also releasing its full-year results for FY21 today.

At current, the Domino’s share price is soaring 7.02% to $135.88.

The pizza chain operator highlighted strong growth across the board despite challenging conditions caused by COVID-19.

Management declared a final dividend of 85.1 cents per share, which will hit eligible shareholder accounts on 9 September 2021.

Beach Energy Ltd (ASX: BPT)

Another company enjoying strong gains for its shares, is Beach Energy, up 5.56% to $1.09 for the day.

With no news out of the company, a possible catalyst for the strong share price rise could be from a broker note.

According to Canadian-based Canaccord Genuity, its analysts cut Beach Energy shares by 11% to $1.35. Although this may seem negative at first, this implies an upside of almost 22% based on the share price.

Pact Group Holdings Ltd (ASX: PGH)

The Pact Group share price is soaring during mid-afternoon trade following the company’s release of its FY21 results. At present, Pact Group shares are up 5.76% to $4.25.

The packaging company reported mostly solid growth across key metrics for the full year. However, management’s decision to double the FY21 dividend has rallied investors to buy Pact Group shares.

The company is paying a 65% franked final dividend of 6 cents per share on 7 October 2021.

Meanwhile, who are the biggest losers for the day?

BHP Group Ltd (ASX: BHP)

The BHP share price is on the back foot, dropping 6.66% to $47.91. This comes after the world’s second largest miner released its FY21 results late yesterday afternoon.

The mining giant delivered a robust underlying performance, with record output complementing favourable commodity prices. This led to strong earnings and cash flow generation for the company.

BHP announced a fully-franked final dividend of US$2 per share payable on 21 September 2021.

Netwealth Group Ltd (ASX: NWL)

Lastly, Netwealth shares continued their poor start to the week, declining 5.75% to $14.10. This may come as a surprise to investors as the company delivered its positive FY21 earnings before market open today.

It appears the market was expecting more from the Australian superannuation and fintech firm.

Netwealth declared a fully-franked final dividend of 9.5 cents per share which it will shell out to investors on 24 September 2021.

The post Which ASX 300 shares are the biggest winners and losers mid-week? appeared first on The Motley Fool Australia.

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More reading

What is the outlook for the BHP (ASX:BHP) share price following FY21 results?
BHP (ASX:BHP) earnings release. How does it compare to expectations?
Why Bapcor, BHP, CSL, & Netwealth shares are tumbling today

BHP to sell assets to Woodside, Domain surges and Magellan crashes. Scott Phillips on Nine’s Late News

Top brokers name 3 ASX shares to buy today

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Netwealth. The Motley Fool Australia owns shares of and has recommended Netwealth. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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