3 ASX stocks that beat the index on Thursday

A good day or our market – and a better one for these three companies

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The S&P / ASX 200 Index (Index: ^AXJO) (ASX: XJO) rose 1.3% to close at 4,108.6 on Thursday, as investors bet on further stimulus from global central banks, and local news that employers added 39,000 jobs in May, mainly thanks to the mining boom.

These three stocks climbed by more than 5.5%, out-performing the index by a decent margin.

Dart Energy Ltd (ASX: DTE) rocketed up 8.1% to 20 cents, as the company received Federal and NSW government approval to drill pilot coal seam gas wells, north-east of Newcastle. The company suggested that it could lead to further gas sales and an increase in reserves.

Aquarius Platinum Limited (ASX: AQP) jumped 7.4% to close at $1.085, continuing its rise from a 52 week low of 91.5 cents set this week, as mining stocks recover somewhat from the hammering they have taken over in the last year. Aquarius Platinum's share price has tanked since June 2011, falling from above $5, as production of platinum declined by 14%, compounded by a 21% fall in the price of platinum, global economic uncertainty and regulatory issues.

Charter Hall Group (ASX: CHC) rose 5.8% to close at $2.36. The property fund manager has recently completed an off-market buy-back, purchasing and cancelling close to 12m shares since December 2011. The company has also been active in the industrial property market, buying Woolworths Limited's (ASX: WOW) Masters Hardware National Distribution Centre in Melbourne for $39.4m last week.

It wasn't all good news though, with Brambles Limited (ASX: BXB) sliding 5.5% to $6.42, as the company reported that it had only raised $333m from its institutional share placement instead of the $448m it was seeking. Qantas Limited (ASX: QAN) continued to fall, diving by 5.8% to an all-time low of $1.06, following its profit downgrade earlier in the week.

If you're in the market for some less risky, high yielding ASX shares, look no further than Secure Your Future with 3 Rock-Solid Dividend Stocks. In this free report, we've put together our best ideas for investors who are looking for solid companies with high dividends and good growth potential. Click here now to find out the names of our three favourite income ideas. But hurry – the report is free for only a limited time.

More reading

Motley Fool contributor Mike King doesn't own shares in any companies mentioned. The Motley Fool's purpose is to help the world invest, better. Take Stock is The Motley Fool's free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead. Click here now to request your free subscription, whilst it's still available. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on ⏸️ Investing

Close up of baby looking puzzled
Retail Shares

What has happened to the Baby Bunting (ASX:BBN) share price this year?

It's been a volatile year so far for the Aussie nursery retailer. We take a closer look

Read more »

woman holds sign saying 'we need change' at climate change protest

3 ASX ETFs that invest in companies fighting climate change

If you want to shift some of your investments into more ethical companies, exchange-traded funds can offer a good option

Read more »

a jewellery store attendant stands at a cabinet displaying opulent necklaces and earrings featuring diamonds and precious stones.
⏸️ Investing

The Michael Hill (ASX: MHJ) share price poised for growth

Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. The keen interest…

Read more »

ASX shares buy unstoppable asx share price represented by man in superman cape pointing skyward
⏸️ Investing

The Atomos (ASX:AMS) share price is up 15% in a week

The Atomos (ASX: AMS) share price has surged 15% this week. Let's look at what's ahead as the company build…

Read more »

Two people in suits arm wrestle on a black and white chess board.
Retail Shares

How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?

How does the Temple & Webster (ASX: TPW) share price stack up against rival furniture retailer Nick Scali Limited (ASX:…

Read more »

A medical researcher works on a bichip, indicating share price movement in ASX tech companies
Healthcare Shares

The Aroa (ASX:ARX) share price has surged 60% since its IPO

The Aroa (ASX:ARX) share price has surged 60% since the Polynovo (ASX: PNV) competitor listed on the ASX in July.…

Read more »

asx investor daydreaming about US shares
⏸️ How to Invest

How to buy US shares from Australia right now

If you have been wondering how to buy US shares from Australia to gain exposure from the highly topical market,…

Read more »

⏸️ Investing

Why Fox (NASDAQ:FOX) might hurt News Corp (ASX:NWS) shareholders

News Corporation (ASX: NWS) might be facing some existential threats from its American cousins over the riots on 6 January

Read more »