Today’s ASX top stocks: GenusPlus Group (GNP ↑8.9%), Adbri (ABC ↑7.5%)

Posted: 17 January 2022 12:36 pm
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The 10 biggest movers on the ASX.

The best performing stocks on the ASX so far today were GenusPlus Group (GNP, up 8.9%) and Adbri (ABC, up 7.5%).

Standout performers on the ASX Monday 17 January 2022

GenusPlus Group (GNP) was the largest mover on the ASX today. Shares in the company rose 8.9% to $1.35.

Shares in GenusPlus seesawed this morning on news of a new deal.

But by lunchtime, it was the largest mover on the ASX.

The company announced a new framework agreement with HyperOne.

GenusPlus' managing director David Riches said: "This is an outstanding opportunity for GenusPlus and HyperOne to collaborate on this ground-breaking national infrastructure project.

"It cements GenusPlus' position as a leading communications partner within the industry. We look forward to further growing our relationship with the team at HyperOne on this significant national infrastructure project."

Learn more about investing in GenusPlus Group in Finder's full guide.

In the second place during lunchtime trading was Adbri (ABC). Its shares rose 7.5% to reach $3.00.

The company managed to buck the material sector's overall trend and rise after announcing an extension of an existing lime supply agreement with Alcoa of Australia Limited.

Through Alcoa's subsidy Cockburn Cement Limited (CCL), Adbri will supply quicklime until 31 January 2023.

While the minimum and maximum volumes remain confidential, the minimum revenue is expected to be around $25 million.

Adbri managing director and CEO Nick Miller said: "We thank Alcoa for continuing to work with CCL around the supply of quicklime to their operations in Western Australia.

"The extension reinforces CCL's position as a reliable and high quality supplier of lime through our local manufacturing and distribution network across Western Australia, supporting local manufacturing jobs, the resources sector and broader WA economy."

Find out more about investing in Adbri in Finder's full guide.

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Here's a fuller list of the biggest movers on the market so far today.

StockPrice% change
GenusPlus Group (GNP)$1.358.9%
Adbri (ABC)$3.007.5%
BWX (BWX)$3.626.8%
Novonix (NVX)$10.326.0%
Lynch Group Holdings (LGL)$3.485.5%
Pendal Group (PDL)$5.255.0%
Virgin Money UK (VUK)$3.774.7%
Enero Group (EGG)$3.834.6%
Jervois Mining (JRV)$0.724.3%
Whitehaven Coal (WHC)$2.924.3%

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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.

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.

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