Which ASX shares are set to finish the week as the top movers on the ASX 300?

Which ASX shares are making moves?
The post Which ASX shares are set to finish the week as the top movers on the ASX 300? appeared first on The Motley Fool Australia. –

The S&P/ASX 300 Index (ASX: XKO) is falling today following mixed daily movement throughout the week.

At the time of writing, the ASX 300 is down a sizeable 2.15% to 7,174.6 points. This means that over the past month, the index has dropped 5% lower.

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

Yancoal Australia Ltd (ASX: YAL)

The Yancoal share price is currently topping the charts, surging 9.67% to a 52-week high of $2.95 during afternoon trade.

Despite no recent news coming out of the coal producer, investors appear to be bullish on its future prospects. The spot price for coal reached is at a record high of US$218 a tonne, which will result in bumper profits for the company.

Paladin Energy Ltd (ASX: PDN)

Another big mover on the ASX 300 is Paladin — its share price is currently up 5.07% to 72.5 cents.

The uranium company also hasn’t released any market-sensitive news to the ASX.

However, its shares are rebounding after being heavily sold off in the past week, down almost 15%. It appears investors have found the bottom of Paladin shares for now.

It’s worth noting that the company’s share price is up by more than 450% since this time last year.

Whitehaven Coal Ltd (ASX: WHC)

The Whitehaven Coal share price is pushing 3.72% higher to $3.35.

The company is also enjoying strong revenues coming from the rise in coal prices overnight.

In addition, Bell Potter cut its rating on Whitehaven Coal shares to “hold” from “buy”, but raised its price target by 35% to $3.50. Based on the current share price, this implies an upside of roughly 4%.

And the companies in decline?

Domino’s Pizza Enterprises Ltd(ASX: DMP)

The worst performer on the ASX 300 at the time of writing is Domino’s, with its share price down 6.40% to $150.19.

The pizza chain operator gave notice of its Annual General Meeting (AGM) which will be held virtually on 3 November.

Virgin Money UK PLC (ASX: VUK)

Lastly, the Virgin Money UK share price has plummeted 6.06% to $3.795 on Friday.

The United Kingdom-based bank announced its digital strategy after market close yesterday. It seems investors are unimpressed with the company closing a number of its stores.

Virgin Money UK shares have tumbled 5% this month, but are up 60% in 2021.

The post Which ASX shares are set to finish the week as the top movers on the ASX 300? appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

More reading

Why the Virgin Money UK (ASX:VUK) share price is sinking 6% today
Why Evolution, Northern Star, Weebit Nano, & Whitehaven Coal are rising

ASX 200 (ASX:XJO) midday update: Gold miners jump, Pro Medicus wins contract

How did ASX uranium shares perform in September?

These were the 5 best performing ASX 200 shares in September

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 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.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!