The Motley Fool

3 ASX stocks that slammed the market today

The S&P / ASX 200 Index (Index: ^AXJO) (ASX: XJO) has added 0.2% today, rising for the tenth-straight session, to close at 4,898.3, after US markets rose overnight. The Dow Jones Industrial Average and the S&P 500 indices both added 0.5%.

The Australian dollar has fallen slightly against the US dollar, currently buying around 104.6 US cents.

These three stocks were the best performers in the ASX 200, rising 6% or more.

Mirabela Nickel Limited (ASX:MBN) jumped 10.2% to 48.5 cents. Perhaps surprisingly (or not), Mirabela’s share price is trading around the same price it was 9 years ago. What is hard to believe is that the company’s share price hit more than $7.40 in May 2008. Although, those price movements may reflect the inherent dangers of investing in commodity stocks with very little control over the price of their main product. With nickel prices in the doldrums, Mirabela has a long way to go to reach the heights it achieved in 2008.

Acrux Limited (ASX:ACR) added 8.1%, closing at $3.46. The healthcare company is marketing a number of products that are administered through the skin, and has teamed up with pharmaceutical giant Eli Lilly to market several of its products globally. After seeing the share price fall more than 30% in the last six months, investors may have become interested again.

Oil and gas explorer and producer, AWE Limited (ASX: AWE) rose 6% to finish at $1.24, after the company announced that its BassGas project had restarted production, and a 7% increase in quarterly sales to $77 million compared to the previous year. AWE is working on ways to expand its growth and recently sealed a deal to take over a proposed $600 million project in Indonesia.

In the market for high yielding ASX shares? Get three “Rock-Solid Dividend Stocks” in our special FREE report. Click here now to find out the names, stock symbols, and full research for our three favourite income ideas, all completely free!

More reading

The Motley Fool’s purpose is to help the world invest, better. Click here now for your free subscription to Take Stock, 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.  This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson. Motley Fool writer/analyst Mike King doesn’t own shares in any companies mentioned.

NEW. The Motley Fool AU Releases Five Cheap and Good Stocks to Buy for 2020 and beyond!….

Our experts here at The Motley Fool Australia have just released a fantastic report, detailing 5 dirt cheap shares that you can buy in 2020.

One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

Another is a diversified conglomerate trading over 40% off its high, all while offering a fully franked dividend yield over 3%...

Plus 3 more cheap bets that could position you to profit over the next 12 months!

See for yourself now. Simply click here or the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.

CLICK HERE FOR YOUR FREE REPORT!