ASX market movers: Cogstate, Cettire

Posted: 8 June 2021 4:49 pm
News
WM01MarketMovers_GettyImages_1800x1000

The 10 biggest movers on the ASX today.

Top movers on the ASX Tuesday 8 June 2021

Neuroscience company Cogstate (CGS) and luxury clothing retailer Cettire (CTT) were the two standout performers on the Australian Securities Exchange on Tuesday.

Cogstate (CGS) was the dominant mover on the ASX. Shares in the company rose 51.3% to $1.40.

"Cogstate shareholders received some positive news today after a new treatment for Alzheimers was given the green light from US regulators for the first time in almost two decades," said Finder's investments editor Kylie Purcell.

Cogstate sits in the healthcare equipment and services sector, specialising in brain scanning technology.

"Cogstate benefits from this update thanks to a 10-year partnership it entered into last year with Japanese pharmaceutical company Eisai. Meanwhile, Eisai is partnered with Biogen, which developed the new Alzheimers treatment drug called Aduhelm," said Purcell.

In a statement to the ASX, Cogstate said its technologies would play an important role in the launch of new disease modifying therapies, such as Aduhelm.

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

Also performing strongly was Cettire (CTT), the retailing company. It rose 14.2% to close at $2.73.

"It's the second time in the last month that Cettire has been one of the two top performing stocks on the ASX," said Purcell.

"Its stock price jumped last month after it partnered with BNPL partner Klarna. On Monday after the market closed, a release to the ASX noted the intention of private US investment firm Cat Rock Capital to become a substantial shareholder in the CTT."

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

Here's a fuller list of the biggest movers on the market today.

StockClose% change
Cogstate (CGS)$1.4758.1%
Cettire (CTT)$2.7314.2%
Mesoblast (MSB)$1.949.6%
Eml Payments (EML)$3.696.0%
New Energy Solar (NEW)$0.905.9%
Betmakers Technology Group (BET)$1.075.9%
Wisetech Global (WTC)$31.095.6%
Pointsbet Holdings (PBH)$13.305.6%
Ardent Leisure Group (ALG)$1.035.1%
Sovereign Metals (SVM)$0.674.7%

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 Tuesday 8 June 2021

Overall, the S&P/ASX200 closed up Tuesday, gaining 18 points (0.24%) to 7299.6.

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 finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au 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