We take a closer look at the top movers among the ASX 300 index below.
The post Which ASX shares are leading the ASX 300 today? appeared first on The Motley Fool Australia. –
The S&P/ASX 300 Index (ASX: XKO) is again backtracking today following a negative start to the week.
At the time of writing, the ASX 300 is down 0.94% to 7,505 points.
Here’s a summary of which ASX shares are topping the charts today.
Firstly, the leaders:
Objective Corp Ltd (ASX: OCL)
The Objective share price is leading the pack today, jumping 9.91% to an all-time high of $20.29. Despite no news coming out of the information technology software and services provider, it appears investors are buoyant. The company released its full-year results earlier this month, citing robust growth across key metrics.
PSC Insurance Group Ltd (ASX: PSI)
Following suit, PSC Insurance is also travelling upwards, up 5.60% to a record high of $3.96. This comes after the company announced it has entered a binding agreement to buy Alliance Insurance for $24.5 million.
PSC Insurance’s latest takeover is expected to complement the business as it seeks to expand its market presence.
Yancoal Australia Ltd (ASX: YAL)
Another strong mover is Australia’s largest pure-play coal producer Yancoal. The company’s shares are up 5.55% to an intraday high of $2.46. The sharp price can be attributed to the spot price for coal reaching a record high of US$173.40 per tonne.
And the leading losers?
Magellan Financial Group Ltd (ASX: MFG)
Leading the other way, the Magellan share price is posting a 9.49% loss to $46.54. The fund manager reported a disappointing full-year result for FY21, with net profit after tax down 33% to $265.2 million.
In addition, the company declared a partially franked dividend of 211.2 cents per share, down 2% year-on-year.
Breville Group Ltd (ASX: BRG)
Another company whose shares are coming under pressure today is Breville, down 7.98% to $30.69 apiece. The Australian home appliance maker signalled strong earnings for the period but decided to lower its dividend.
As such, Breville will pay out 26.5 cents per share, down 35.4% from FY20’s dividend of 41 cents per share.
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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 Objective Corporation Limited. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.