The last fortnight has been Reporting Season on the ASX which creates a lot of share-specific news.
This news is either half or full-year announcements of a company’s financials. This is also where the market hears what the company directors say about these numbers, plus their thoughts on the industry’s trading conditions ahead. It normally goes one of two way:
- If the company directors are citing difficult times ahead, shareholders could be running for the door; or
- if the company notes favourable conditions and increased sales ahead brokers could be updating their recommendations to ‘buy’ for their clients.
This fortnight has been no exception. The companies that reported well are in the Top 5, and those that sent the shareholders running for the door are in the Bottom 5.
Here are the Blue-chip (ASX Top Fifty companies) winners and losers over the last fortnight.
|
Top 5
|
|||
| Rank | Code | Description | Two week performance |
| 1 | BXB | Brambles Limited | 15.38% |
| 2 | AMC | Amcor Limited | 14.60% |
| 3 | ORG | Origin Energy | 14.53% |
| 4 | QBE | QBE Insurance Group | 14.13% |
| 5 | LLC | Lendlease Group | 11.29% |
|
Bottom 5
|
|||
| Rank | Code | Description | Two week performance |
| 46 | CTX | Caltex Australia | -2.49% |
| 47 | AGL | AGL Energy Limited. | -3.62% |
| 48 | TLS | Telstra Corporation. | -6.95% |
| 49 | NCM | Newcrest Mining | -7.80% |
| 50 | CPU | Computershare Ltd | -11.24% |
Winners and Losers’ Two-week chart:
For more insight Market Leaders read the Week in Review.
ShareCafe will be revisiting this list every fortnight and will bring you the most current Growth Leaders.
To receive email alerts for articles and ASX announcements about these companies add these companies to Watchlist, or create your own Watchlist for free.
