Today’s ASX top stocks: AMP (AMP ↑13.7%), Sandfire Resources (SFR ↑13.3%)

Posted: 28 April 2022 12:45 pm

The 10 biggest movers on the ASX.

The best performing companies on the ASX so far today were AMP (AMP, up 13.7%) and Sandfire Resources (SFR, up 13.3%).

Standout performers on the ASX Thursday 28 April 2022

AMP was the dominant mover on the ASX today. Shares in the company rose 13.7% to $1.16.

AMP's share price is on the move after announcing the sale of its local real estate and infrastructure platforms. The company says it will pocket approximately AUD$1.1 billion from the sale.

In news that will excite investors, the company has confirmed it will pay the majority of its net proceeds to shareholders. This is likely through a mix of capital return and on-market share buybacks.

AMP works in the diversified financials sector.

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

Another strong performer was Sandfire Resources (SFR), the materials company. The copper and gold miner rose 13.3% to reach $5.89.

The rising share price comes off the back of its latest quarterly update where the company highlighted a strong outlook following rising commodity prices.

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

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Here is today's list of the 10 biggest ASX movers so far:

StockPrice% change
AMP (AMP)$1.1613.7%
Sandfire Resources (SFR)$5.8913.3%
Audinate Group (AD8)$6.2510.8%
City Chic Collective (CCX)$3.009.5%
Stanmore Coal (SMR)$2.208.9%
Alpha HPA (A4N)$0.668.2%
Syrah Resources (SYR)$1.998.2%
New Century Resources (NCZ)$2.316.9%
Steamships Trading Company (SST)$10.905.8%
Paradigm Biopharmaceuticals (PAR)$1.305.7%

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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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