Today’s ASX top stocks: Nearmap (NEA ↑14.6%), Lake Resources NL (LKE ↑13.1%)

Posted: 29 March 2022 1:56 pm
Business graph analysis

The 10 biggest movers on the ASX.

The best performing stocks on the ASX so far today were Nearmap (NEA, up 14.6%) and Lake Resources NL (LKE, up 13.1%).

Biggest movers on the ASX Tuesday 29 March 2022

Nearmap (NEA) was the top mover on the ASX today. Shares in the company rose 14.6% to $1.49.

The price of the shares has risen strongly throughout the day following the release of its annual contract value (ACV) to the ASX.

The company's latest figures show that Nearmap has passed the $150 million ACV milestone.

Nearmap CEO and managing director Dr Rob Newman said:

"Nearmap is in an incredible position where we continue to win new customers and retain existing customers due to our world-leading location intelligence offering. In achieving for the first time the milestone of $150 million in Group ACV, we again show the strength of our technology and data and expertise of our global team."

Nearmap trades in the software and services sector.

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

The second place for market gainers went to Lake Resources NL (LKE), the materials company. Its shares rose 13.1% to reach $1.90.

This was off the back of a non-binding offtake agreement with Japan's Hanwa Co. The agreement will see Hanwa sign up for 15,000–25,000 tonnes per annum of lithium carbonate for 10 years.

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

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

StockPrice% change
Nearmap (NEA)$1.4914.6%
Lake Resources NL (LKE)$1.9013.1%
Telix Pharmaceuticals (TLX)$4.549.4%
Nitro Software (NTO)$1.449.1%
Global Lithium Resources (GL1)$2.358.8%
Electro Optic Systems Holdings (EOS)$2.988.4%
Polynovo (PNV)$1.147.5%
Berkeley Energia (BKY)$0.607.1%
Kogan (KGN)$5.716.5%
Bigtincan Holdings (BTH)$0.876.1%

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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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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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