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Who are the biggest movers on the ASX 300 this Thursday?

Here’s a peek at the top movers among the ASX 300 index today.
The post Who are the biggest movers on the ASX 300 this Thursday? appeared first on The Motley Fool Australia. –

The S&P/ASX 300 Index (ASX: XKO) is slightly higher today after reaching a record high yesterday morning.

At the time of writing, the ASX 300 is settling around 7,583 points, up 0.1%.

Let’s take a look at which top ASX 300 shares are some of the biggest movers today.

Who are the biggest gainers today?

GrainCorp Ltd (ASX: GNC)

The best performer on the ASX 300 today is none other than GrainCorp. The company surprised the market by upgrading its FY21 guidance. As a result, GrainCorp is surging 14.99% to a multi-year high of $6.29. The company will report its final FY21 results on 11 November.

QBE Insurance Group Ltd (ASX: QBE)

Following suit, QBE shares have catapulted 8.04% to a 52-week high of $12.50. This comes as the insurance giant announced a strong first-half performance for FY21. The company highlighted a turnaround in its underwriting result and adjusted cash profit after tax. QBE declared a dividend of 11 cents per share to be paid on 24 September.

Coronado Global Resources Inc (ASX: CRN)

Coronado is also on the rise, pushing 5.94% higher to $1.07. With no news out of the company today, however, it appears shareholders are reacting to its half-year result released on Tuesday. The company reported revenue of $800.4 million, up 12% year-on-year.

A recent broker note from Morgans, raised their price target for Coronado shares by 14% to $1.21. This implies an upside of around 13% based on the current share price.

And the biggest fallers?

Rio Tinto Limited (ASX: RIO)

Heading south today is Rio Tinto’s shares. The mining giant is down a sizeable 6.82% to $120.33. This follows the company’s shares trading ex-dividend in which shareholders have sold off their holdings, but are still eligible for the upcoming dividend. Rio Tinto is set to pay a total dividend of roughly $7.60 per share comprising of an interim and special dividend. Shareholders can expect their accounts to be rewarded on 23 September.

AGL Energy Limited (ASX: AGL)

The last big mover for the day is AGL shares, down 4.21% to $7.28. The energy producer released its FY21 full-year results this morning, disappointing investors with a 34% drop in underlying profits. The company said it will pay a dividend of 34 cents per share on 29 September.

The post Who are the biggest movers on the ASX 300 this Thursday? appeared first on The Motley Fool Australia.

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More reading

Why AGL, Appen, CBA, & Rio Tinto shares are tumbling lower

The AGL share price is falling 5% lower this afternoon

QBE (ASX:QBE) share price leaping 8% higher on results
AGL (ASX:AGL) dividend slashed. Share price down 3% on Thursday
Why the Rio Tinto (ASX:RIO) share price is down 7% today

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 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.

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