The 10 biggest movers on the ASX.
The best performing companies in ASX trading so far today were VGI Partners (VGI, up 23.9%) and Nitro Software (NTO, up 10.6%).
Standout performers on the ASX Wednesday 30 March 2022
VGI Partners (VGI) was the dominant mover on the ASX today. Shares in the company rose 23.9% to $4.41.
Shares in the company are on the rise following an announcement it has entered an agreement to merge with Regal.
On implementation of the Merger, which is subject to VGI shareholder approval, VGI will acquire 100% of the issued share capital in Regal in consideration for the issue of new VGI ordinary shares to existing Regal
shareholders to create a merged business (the “Merged Entity”).
The merger between the two hedge funds is expected to see total assets under management lift to $5.6 billion.
Vgi Partners works in the diversified financials sector.
Learn more about investing in Vgi Partners in Finder’s full guide.
Also performing strongly was Nitro Software (NTO), the software & services company. It rose 10.6% to reach $1.56.
The company however, did not make any public announcements. Instead, it appears shares are rising due to a lift in sentiment overall for the tech sector.
Following strong gains for the NASDAQ 100 overnight, Australian tech is having a strong day, with Nitro Software appearing to be a major benefactor of it.
Switch online brokers and save
Did you know you can save $1,046 in brokerage fees every year on average by switching to a cheaper share trading platform? Check out fees and features in our comparison table to find a better deal today.
Find out more about investing in Nitro Software in Finder’s full guide.
The top 10 biggest movers on the ASX so far today were:
Serious about investing? Here’s your new unfair advantage
Ticker Nerd uses advanced software to track hundreds of signals and data points to find stocks before they blow up. Don’t miss out!
Get started for free
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.
Need a better share trading platform? Check out Finder’s full review of the best online brokers in Australia right now.
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.
Read More: Today’s ASX top stocks: Vgi Partners (VGI ↑23.9%), Nitro Software (NTO ↑10.6%) |
