Insights

Why AnteoTech, Appen, Aussie Broadband, & Tyro shares are charging higher

These ASX shares are starting the week strongly…
The post Why AnteoTech, Appen, Aussie Broadband, & Tyro shares are charging higher appeared first on The Motley Fool Australia. –

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a disappointing decline. At the time of writing, the benchmark index is down 0.5% to 7,484.6 points.

Four ASX shares that are not letting that hold them back are listed below. Here’s why they are charging higher:

AnteoTech Ltd (ASX: ADO)

The Anteotech share price is up 6% to 18 cents. This morning the surface chemistry company announced the signing of a distribution agreement in Turkey with Pera Medikal Anonim Sirketi. This deal is for the distribution of the EuGeni Reader platform and SARS-CoV-2 Antigen Rapid Diagnostic Test (RDT) in the country.

Appen Ltd (ASX: APX)

The Appen share price is up 4% to $10.93. This is despite there being no news out of the artificial intelligence data services company today. However, with its shares down heavily in 2021, some investors may believe that they have fallen into the bargain bin now. One broker that appears to believe this is the case is Citi. Late last month it put a buy rating and $18.80 price target on its shares.

Aussie Broadband Ltd (ASX: ABB)

The Aussie Broadband share price has climbed 4.5% to $4.49. Investors have been buying the broadband provider’s shares after it announced a 10-year deal with VicTrack. This deal will see the two companies swap access to their respective fibre networks. Aussie Broadband expects the agreement to significantly increase the geographic reach of its fibre network, especially into regional Victoria.

Tyro Payments Ltd (ASX: TYR)

The Tyro share price is up 6% to $3.99. This appears to have been driven by a positive weekly update and news that the payments company will be added to the ASX 200 at the next rebalance. The latter means that index tracking funds will have to buy its shares. It also brings it onto the radar of fund managers with strict investment mandates.

The post Why AnteoTech, Appen, Aussie Broadband, & Tyro shares are charging higher 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

Here’s why the Tyro (ASX:TYR) share price is leaping 5% today
Which ASX shares are leading the way on the ASX 300?

ASX 200 midday update: Fortescue & Pro Medicus sink, gold miners rise

Up 9%, the Aussie Broadband (ASX:ABB) share price hits all-time high
Why Tyro (ASX:TYR) and SeaLink (ASX:SLK) share prices could be moving up

Motley Fool contributor James Mickleboro 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 Appen Ltd, Aussie Broadband Limited, and Tyro Payments. The Motley Fool Australia owns shares of and has recommended Appen Ltd. The Motley Fool Australia has recommended Aussie Broadband 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!