Which ASX 300 shares are the major movers at the end of the week?

Which shares are making a move on the ASX 300?
The post Which ASX 300 shares are the major movers at the end of the week? appeared first on The Motley Fool Australia. –

The S&P/ASX 300 Index (ASX: XKO) is back in negative territory on Friday, losing ground from yesterday’s strong performance.

During mid-afternoon trade, the ASX 300 is down 0.35% to 7,349.3 points. This means that the index is likely to finish in the red for the entire week, down 1.52% so far.

Let’s take a look at which ASX companies are making headlines today.

Computershare Ltd (ASX: CPU)

The Computershare share price is surging 5.85% to $17.92 in early afternoon trade.

The share registry company hasn’t released any market-sensitive news since full-year results on 10 August. However, a possible catalyst could be that the United States Federal Reserve may increase interest rates in the near future.

Historically, any move upwards on American interest rates has a positive effect on the company’s shares.

Coronado Global Resources Inc (ASX: CRN)

Another big mover on the ASX 300 is the Coronado share price, up 4.76% to $1.43.

The coal miner also hasn’t reported anything new since its half-year results in mid-August. Although, the spot price of coal has picked up steam since August 20, reaching a near record high of US$171.25 per tonne.

No doubt, this will translate into bumper profits for the company’s second half of FY21.

Imugene Limited (ASX: IMU)

Adding gains to the ASX 300 is the Imugene share price, up 3.43% to an all-time high of 51.2 cents.

The Australian immuno-oncology focused biopharmaceutical company provided an update on Wednesday regarding patent approval in Japan.

It appears investors are continuing to buy Imugene shares after a series of positive updates this year. This has led its shares to post a 980% gain over the last 12 months, and above 410% for 2021.

And which ASX 300 companies are heading the other way?

Centuria Industrial REIT (ASX: CIP)

In decline today is the Centuria Industrial share price, down 5.49% to $3.79.

The industrial property company’s shares are coming under pressure following a completed $300 million institutional placement.

Centuria Industrial plans to use the funds to acquire eight freehold urban infill industrial assets for a total of $351.3 million.

Cochlear Limited (ASX: COH)

Also being weighed down by investors today is the Cochlear share price, down 5.30% to $224.48.

The hearing solutions company announced that a complaint has been made about a patent infringement by the University of Pittsburgh. The complaint has been filed in the United States District Court for the Western District of Texas, Waco division.

Cochlear advised it will vigorously defend the lawsuit.

The post Which ASX 300 shares are the major movers at the end of the week? appeared first on The Motley Fool Australia.

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More reading

Why the Computershare (ASX:CPU) share price has a new 52-week high
Why Computershare, Lake, Premier Investments, & Woodside shares are rising

ASX 200 (ASX:XJO) midday update: Telstra buys Vita stores, Cochlear sinks

Why the Centuria Industrial (ASX:CIP) share price is down 8% today
Cochlear (ASX:COH) share price down 4% on US patent infringement complaint

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 Cochlear Ltd. The Motley Fool Australia has recommended Cochlear Ltd. 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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