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Which ASX companies are ending the week as the biggest movers today?

Which companies are the biggest movers today?
The post Which ASX companies are ending the week as the biggest movers today? appeared first on The Motley Fool Australia. –

The S&P/ASX 300 Index (ASX: XKO) is flat today after ending its consecutive run of negative days this week.

During afternoon trade, the ASX 300 is sitting at 7,461 points.

Let’s take a look at which ASX companies made headlines on the ASX 300 chart today.

Treasury Wine Estates Ltd (ASX: TWE)

The Treasury Wine share price is on the advance, lifting 4.96% to $13.12. This comes after the wine giant received a positive broker note from Morgans following its FY21 full-year results yesterday.

Its analysts raised the 12-month price target for Treasury Wine shares by 7.8% to $14.01. Based on the current share price, this implies an upside of roughly 6.7%.

HomeCo Daily Needs REIT (ASX: HDN)

The HomeCo Daily Needs REIT share price is also pushing ahead on Friday, up 4.41% to $1.54. The property company released its maiden FY21 full-year results, highlighting significant progress on asset management, development, and acquisitions.

Macquarie weighed in following the company’s performance, elevating its outlook by 2.5% to $1.64.

Lovisa Holdings Ltd (ASX: LOV)

Another significant mover today is the Lovisa share price, up 3.96% to $16.27. The jewellery retailer released a business update revealing disruptions to trading and temporary store closures.

It appears investors are disregarding the news as the company prepares to deliver its FY21 full-year results on 25 August.

And which ASX companies are heading the other way?

Yancoal Australia Ltd (ASX: YAL)

Deep in negative territory, the Yancoal share price is down a sizeable 9.35% to $2.23. Investors are heading for the hills following the company’s disappointing FY21 full-year result.

The coal producer flagged lower volume of coal sales, largely from wet weather disruptions. In addition, this had a knock-on effect as with higher operating cash costs came diesel prices and lower production affected unit costs.

Lynas Rare Earths Ltd (ASX: LYC)

Also being weighed down by investors today is the Lynas share price. With no market sensitive news from the company, it seems that investors are continuing their profit-taking before finishing off the week.

Lynas shares have accelerated in recent times, up around 36% from 20 July to 13 August.

The post Which ASX companies are ending the week as the biggest movers today? appeared first on The Motley Fool Australia.

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More reading

Why Adairs, Redbubble, Treasury Wine, & Western Areas are storming higher

The Treasury Wines (ASX:TWE) dividend bumped up by 60%
The ASX reporting wrap-up: Origin Energy, Redbubble, Treasury Wine

ASX 200 drops, Redbubble soars, TWE falls

Treasury Wine Estates (ASX:TWE) share price struggles despite profit increase

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. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Treasury Wine Estates 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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