Today’s ASX top stocks: Iress (IRE ↑15.9%), Liontown Resources (LTR ↑9.8%)
The 10 biggest movers on the ASX.
The best-performing stocks in ASX trading today were Iress (IRE, up 15.9%) and Liontown Resources (LTR, up 9.8%).
Top movers on the ASX Thursday 10 June 2021
Software provider Iress (IRE) was the standout mover on the ASX today. Shares in the company rose 15.9% to $12.69.
"Rumours that an unknown entity was seeking to buy up Iress shares in a takeover bid sent the company's stock price soaring in its biggest jump since 2018," said Finder's investments editor Kylie Purcell.
"According to unnamed sources in an Australian Financial Review article Thursday morning, investment firm Barrenjoey had been scouting IRE stock on behalf of a client. Reuters sources also confirmed that Barrenjoey and JPMorgan had been looking to buy shares at about the $13.20 level, a 20% premium to its closing price Wednesday."
"While Iress denied knowing anything about the offers, the market clearly remained optimistic."
Iress offers software commonly used by financial services firms. It's particularly well known for its stock price data on investment apps and websites.
Learn more about investing in Iress in Finder's full guide.
Also performing strongly was Liontown Resources (LTR), a lithium mining company.
It rose 9.8% to close at $0.67.
"Lithium stocks have been riding the electric vehicle wave over the last 12 months and Liontown is no exception," said Finder's investments editor Kylie Purcell."
"Shares in the company have risen more than 440% from a year ago as optimism around the future of EVs and battery storage solutions increases."
Find out more about investing in Liontown Resources in Finder's full guide.
Here's a fuller list of the biggest movers on the market today.
|Liontown Resources (LTR)||$0.67||9.8%|
|Bci Minerals (BCI)||$0.56||7.7%|
|Elanor Investors Group (ENN)||$1.90||6.7%|
|Frontier Digital Ventures (FDV)||$1.36||6.3%|
|Plenti Group (PLT)||$1.28||5.8%|
|Betmakers Technology Group (BET)||$1.15||5.5%|
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Market indicators Thursday 10 June 2021
Overall, the S&P/ASX200 closed up Thursday, gaining 40 points (0.55%) to 7310.2.
Each weekday we round up the best performing stocks on the Australian Securities Exchange (ASX), ranked by price percentage from market open to market close. To avoid higher price volatility we only include stocks with market caps of more than $200 million. Price changes are calculated at the end of the day, but these prices may be subject to minor variation depending on data availability.
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