Insights

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.

Should you invest $1,000 in ASX 300 right now?

Before you consider ASX 300, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and ASX 300 wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

Why Clinuvel, EML, Regal, & Whitehaven Coal shares are sinking

These 3 ASX 200 shares are the most popular by trading volume today

Top brokers name 3 ASX shares to sell today

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.

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!