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

Which ASX 300 shares are trending on Friday?
The post Which 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 pushing upwards today, further adding to yesterday’s gains.

At the time of writing, the ASX 300 is up 0.83% to 7,318.5 points. This means that over the past two days, the index has risen 1.58%.

We take a look at some of the top movers on the ASX 300 today.

oOh!Media Ltd (ASX: OML)

The oOh!Media share price is on the move, up 5.6% to $1.92 despite no company announcements today.

The out of home media company has seen its shares rebound lately as Australia ramps up its COVID-19 vaccine efforts. Investors are anticipating a quick recovery for its advertising operations.

Magellan Financial Group Ltd (ASX: MFG)

Following suit is the Magellan share price, up 5.92% to $34.01.

The financial company also hasn’t provided any news to the market today. However, yesterday afternoon, Swiss investment firm provided an update on its assessment of Magellan shares.

Analysts cut their rating by 5.4% to $35.00 per share. While this is a reduction, it still implies an upside of around 3% based on the current share price.

Sandfire Resources Ltd (ASX: SFR)

The Sandfire Resources share price is travelling 4.55% higher to $5.28.

The metals company released its 180-page annual and sustainability report this afternoon, highlighting its activities throughout the year. Sandfire Resources also covered its environmental, social, and governance (ESG) obligations.

And the ASX 300 shares heading the other way?

EML Payments Ltd (ASX: EML)

Heading south is the EML Payments share price, down a sizeable 14.46% to $3.17.

The payments solutions company nosedived following a regulatory update relating to the Central Bank of Ireland (CBI).

EML Payments advised its Irish-based subsidiary, PFS Card Services business could be impacted materially. CBI has proposed certain limits be applied across the company’s almost 27,000 programs in the next week.

Australian Strategic Materials Ltd (ASX: ASM)

Also in decline is the Australian Strategic Materials share price, down 5.74% to $10.19.

The rare earth metals company hasn’t released any market-sensitive news to the ASX today. However, its shares are taking a breather from registering about a 10% gain over the past two days.

Since this time last year, Australian Strategic Materials shares have gained 270%, with year-to-date up 54%.

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

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More reading

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Why Fletcher Building, Magellan, Sezzle, & Starpharma are racing higher

Here’s why these top brokers reckon the Magellan (ASX:MFG) share price is cheap

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 EML Payments. The Motley Fool Australia owns shares of and has recommended EML Payments. The Motley Fool Australia has recommended oOh!Media 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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