Today’s ASX top stocks: VGI Partners (VGI ↑23.9%), Nitro Software (NTO ↑10.6%)

Posted: 30 March 2022 12:37 pm
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The 10 biggest movers on the ASX.

The best performing companies in ASX trading so far today were VGI Partners (VGI, up 23.9%) and Nitro Software (NTO, up 10.6%).

Stand-out performers on the ASX Wednesday 30 March 2022

VGI Partners (VGI) was the dominant mover on the ASX today. Company shares rose 23.9% to $4.41.

Shares in the company are on the rise following an announcement that it has entered a merger agreement with Regal.

The merger is subject to VGI shareholder approval. On implementation, VGI will acquire 100% of the issued share capital in Regal. This is in consideration for the issue of new VGI ordinary shares to existing Regal shareholders to create a merged business (the merged entity).

The merger between the 2 hedge funds is expected to see total assets under management lift to $5.6 billion.

VGI Partners works in the diversified financials sector.

Learn more about investing in VGI Partners in Finder's full guide.

Also performing strongly was Nitro Software (NTO), the software and services company. Its shares rose 10.6% to reach $1.56.

However, the company did not make any public announcements. Instead, it appears that shares are rising due to a lift in sentiment overall for the tech sector.

Following strong gains for the NASDAQ 100 overnight, Australian tech is having a strong day, with Nitro Software appearing as one of its major benefactors.

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

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The top 10 biggest movers on the ASX so far today were:

StockPrice% change
VGI Partners (VGI)$4.4123.9%
Nitro Software (NTO)$1.5610.6%
Firefinch (FFX)$1.039.6%
Avita Medical (AVH)$2.348.8%
Catapult Group International (CAT)$1.528.6%
Life360 (360)$5.838.0%
BrainChip Holdings (BRN)$1.007.5%
Magellan Financial Group (MFG)$16.087.1%
Whispir (WSP)$1.847.0%
Bigtincan Holdings (BTH)$0.966.7%

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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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