ASX market movers: Appen, Advanced Human Imaging

Posted: 19 May 2021 11:19 am

The 10 biggest movers on the ASX today.

Top movers on the ASX Wed 19 May 2021

Mining stocks may have been the big movers of the last few weeks, but technology stocks stole the show Wednesday. Appen (APX), Advanced Human Imaging (AHI) and EML Payments (EML) were among both the best and worst performers.

Tech darling Appen (APX) was the standout on the ASX today. Shares in Appen rose 16.9% to $13.14.

"Appen shares jumped after the company announced a company restructure in an update to the Australian Securities Exchange on Wednesday," said Finder's investments editor Kylie Purcell.

Appen provides data used for artificial intelligence and machine learning products. Its market success in recent years has labelled it one of WAAAX stocks (Wisetech, Appen, Afterpay, Altium, Xero) – Australia's equivalent of the Wall Street FAANGs.

However the tech firm's stock price has spiralled over the last 12 months thanks to concerns over increasing competition.

"The company says it plans to split the organisation into four new sectors; Global, Enterprise, China and Government. With its share price having falling 47% since the start of the year, a reshuffle focused on driving performance is good news for investors," said Purcell.

"Any long-time employee knows that a company restructure often comes with cost-cutting measures such as staff-reduction or an improvement to processes. Investors will be expecting to see a revenue increase as a result of these measures."

Learn more about investing in Appen in Finder's full guide.

The second-best mover was health technology company Advanced Human Imaging (AHI). It rose 11.9% to close at $1.51.

The company builds smartphone technology that can be used to scan body or facial features for health risks.

"The share price of Advanced Human Imaging has been steadily climbing over the past week after it announced a partnership with Melbourne-based digital publication firm e-Mersion Media," said Purcell.

"Although initially sinking on the day of the news, investor sentiment appears to have since turned around. In the last 5 days, the AHI share price has risen by more than 32%."

These were the 10 biggest movers on the ASX today:

StockClose% change
Appen (APX)$13.1416.9%
Advanced Human Imaging (AHI)$1.5111.9%
Cettire (CTT)$1.878.7%
Rhythm Biosciences (RHY)$1.208.1%
Bougainville Copper (BOC)$0.707.7%
American Pacific Borates (ABR)$1.465.8%
Nuix (NXL)$3.695.4%
Paradigm Biopharmaceuticals (PAR)$2.204.8%
Beacon Lighting Group (BLX)$1.954.8%
K & S Corporation (KSC)$1.684.3%

Share your review to win $1,500!

Review your current share trading platform for a chance to win $1,500 in Myer gift cards.

Get started

Market indicators Wed 19 May 2021

Overall, the S&P/ASX200 closed down Wednesday, dropping 141 points (-1.99%) to 6925.5.

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.

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.

Get more from Finder

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site