Today’s ASX top stocks: BrainChip Holdings (BRN ↑20.7%), City Chic Collective (CCX ↑12.1%)

Posted: 14 January 2022 12:11 pm
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Trader watching stocks go up

The 10 biggest movers on the ASX.

The best performing stocks in ASX trading so far today were BrainChip Holdings (BRN, up 20.7%) and City Chic Collective (CCX, up 12.1%).

Top movers on the ASX Friday 14 January 2022

It seems like another day, another rally for BrainChip Holding (BRN), with the company once again topping the biggest movers of the day. Shares in the company rose 20.7% to $1.69.

While the company has received notifications just this week about improving share prices without announcing anything price-sensitive, today could be different.

Shares rocketed on a capital call.

BrainChip plans to finance its Akida commercialisation strategy off the back of new funding.

BrainChip and LDA Capital have had a $65 million put option in place for the last couple of years.

It allows BrainChip to issue LDA Capital with new shares when it requires funding.Today’s announcement shows BrainChip expects to call up LDA for $20.3 million.

BrainChip Holdings works in the software and services sector.

Learn more about investing in BrainChip Holdings in Finder's full guide.

The second place for market gainers went to City Chic Collective (CCX), the retailing company. Its shares rose 12.1% to reach $5.01.

It was a busy Christmas trading period for City Chic.

The company announced unaudited sales revenue grew by 49.8% to $178.3 million.

Phil Ryan, CEO and managing director of City Chic noted the company overcame challenges for such a strong result.

"I am pleased with our trading results for the first half, with strong revenue growth in all regions despite well-publicised labour shortages and impacts to global logistics and supply chains, and government directed lockdowns related to the pandemic," he said.

"While we acknowledge the environment remains uncertain, the performance of the business to date demonstrates the team's ability to navigate volatile market conditions."

Find out more about investing in City Chic Collective in Finder's full guide.

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Here's the full list of today's 10 biggest movers so far.

StockPrice% change
BrainChip Holdings (BRN)$1.6920.7%
City Chic Collective (CCX)$5.0112.1%
Renergen (RLT)$3.136.1%
Cadence Capital (CDM)$1.035.1%
Core Lithium (CXO)$0.854.9%
Alumina (AWC)$2.094.5%
American Pacific Borates (ABR)$2.794.5%
Silex Systems (SLX)$1.383.8%
Clover Corporation (CLV)$1.683.7%
Carindale Property Trust (CDP)$4.803.4%

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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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