Today’s ASX top stocks: Stanmore Coal (SMR ↑14.2%), BrainChip Holdings (BRN ↑12.7%)

Posted: 5 January 2022 12:37 pm
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The 10 biggest movers on the ASX.

The best performing companies on the ASX so far today were Stanmore Coal (SMR, up 14.2%) and BrainChip Holdings (BRN, up 12.7%).

Top movers on the ASX Wednesday 5 January 2022

Stanmore Coal (SMR) was the standout mover on the ASX today.

Shares in the company rose 14.2% to $1.21.

The strong growth in share price follows the price of coal.

The commodity rallied overnight, which unsurprisingly had a positive impact on Stanmore Coal's share price.

Stanmore Coal is part of the energy sector.

Learn more about investing in Stanmore Coal in Finder's full guide.

BrainChip has continued its bull run over the last couple of days.

It is in second place for the second day in a row, with its shares rising 12.7% to reach $0.89.

This follows an announcement from Mercedes-Benz confirming a partnership with BrainChip to build an EQXX concept car.

While still in the early stages, Mercedes notes the vision EQXX is "how we imagine the future of electric cars".

In a second announcement, this time to the ASX, BrainChip has updated its board.

Highly experienced director Pia Turcinov joined the board yesterday.

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

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

StockPrice% change
Stanmore Coal (SMR)$1.2114.2%
BrainChip Holdings (BRN)$0.8912.7%
Tietto Minerals (TIE)$0.5512.2%
Hazer Group (HZR)$1.258.7%
KGL Resources (KGL)$0.607.1%
Weebit Nano (WBT)$3.066.6%
VGI Partners (VGI)$4.755.6%
GR Engineering Services (GNG)$2.254.7%
Audio Pixels Holdings (AKP)$23.004.4%
OreCorp (ORR)$0.833.7%

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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.

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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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