The 10 biggest movers on the ASX.
The best performing stocks on the ASX so far today were Helloworld Travel (HLO, up 10.9%) and Oceania Healthcare (OCA, up 6.2%).
Biggest movers on the ASX Wednesday 15 December 2021
Helloworld Travel (HLO) was the biggest mover on the ASX today with shares in the company rising 10.9% to $2.54 at the time of writing.
The company jumped on news that it is selling its corporate and entertainment travel business in Australia and New Zealand to Corporate Travel Management.
At the same time during the announcement, Helloworld noted it is starting to benefit from a post-COVID-19 rebound.
In a statement to the ASX, Helloworld’s CEO and managing director Andrew Burnes said:
“While our corporate and entertainment travel businesses are in the early stages of benefiting from the COVID-19 rebound, we believe this transaction is at a compelling valuation to maximise HLO shareholder value and that will allow HLO to focus on operations which pre-COVID-19, represented 80% of our TTV. This will allow the business to capitalise on what we expect to be very significant opportunities during the recovery period ahead.”
Helloworld Travel trades in the consumer services sector.
Learn more about investing in Helloworld Travel in Finder’s full guide.
In the second spot for market gains was Oceania Healthcare (OCA), the health care equipment and services company. Its shares rose 6.2% to reach $1.37.
However, Oceania Healthcare’s rise is not based on any market announcements made to the ASX.
Find out more about investing in Oceania Healthcare in Finder’s full guide.
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Here’s a fuller list of the biggest movers on the market so far today.
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Each weekday we round up the best performing stocks on the Australian Securities Exchange (ASX), ranked by price percentage from market open to 11am. To avoid higher price volatility we only include stocks with market caps of more than $200 million. Price changes are calculated by 11am on the trading day, but these prices may be subject to minor variation depending on data availability.
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