Which ASX companies are ending the week as the biggest movers today?

Which companies are the biggest movers today?

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 300 Index (ASX: XKO) is flat today after ending its consecutive run of negative days this week.

During afternoon trade, the ASX 300 is sitting at 7,461 points.

Let's take a look at which ASX companies made headlines on the ASX 300 chart today.

share price gaining

Image source: Getty Images

Treasury Wine Estates Ltd (ASX: TWE)

The Treasury Wine share price is on the advance, lifting 4.96% to $13.12. This comes after the wine giant received a positive broker note from Morgans following its FY21 full-year results yesterday.

Its analysts raised the 12-month price target for Treasury Wine shares by 7.8% to $14.01. Based on the current share price, this implies an upside of roughly 6.7%.

HomeCo Daily Needs REIT (ASX: HDN)

The HomeCo Daily Needs REIT share price is also pushing ahead on Friday, up 4.41% to $1.54. The property company released its maiden FY21 full-year results, highlighting significant progress on asset management, development, and acquisitions.

Macquarie weighed in following the company's performance, elevating its outlook by 2.5% to $1.64.

Lovisa Holdings Ltd (ASX: LOV)

Another significant mover today is the Lovisa share price, up 3.96% to $16.27. The jewellery retailer released a business update revealing disruptions to trading and temporary store closures.

It appears investors are disregarding the news as the company prepares to deliver its FY21 full-year results on 25 August.

And which ASX companies are heading the other way?

Yancoal Australia Ltd (ASX: YAL)

Deep in negative territory, the Yancoal share price is down a sizeable 9.35% to $2.23. Investors are heading for the hills following the company's disappointing FY21 full-year result.

The coal producer flagged lower volume of coal sales, largely from wet weather disruptions. In addition, this had a knock-on effect as with higher operating cash costs came diesel prices and lower production affected unit costs.

Lynas Rare Earths Ltd (ASX: LYC)

Also being weighed down by investors today is the Lynas share price. With no market sensitive news from the company, it seems that investors are continuing their profit-taking before finishing off the week.

Lynas shares have accelerated in recent times, up around 36% from 20 July to 13 August.

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Treasury Wine Estates Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on ASX Share Market News

A neon sign says 'Top Ten'.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a fairly woeful Wednesday for investors today.

Read more »

A woman leans forward with her hand behind her ear, as if trying to hear information.
Broker Notes

Buy, hold, sell: Goodman Group, Endeavour, Resmed shares

We review three fresh buy, hold, and sell calls from expert market analysts. 

Read more »

A young investor working on his ASX shares portfolio on his laptop.
Opinions

2 ASX LICs to buy now: expert

LICs typically invest in diversified asset portfolios and are traded like ordinary ASX shares.

Read more »

a man in a business suite throws his arms open wide above his head and raises his face with his mouth open in celebration in front of a background of an illuminated board tracking stock market movements.
Broker Notes

Why these ASX shares could rise 20% to 30%

Analysts have good things to say about these shares. Let's find out why.

Read more »

Man sits smiling at a computer showing graphs.
Broker Notes

Broker tips 20% and 23% upside for these 2 ASX stocks

These two stocks are set to rise according to Bell Potter.

Read more »

Happy diverse colleagues or team of people give high five together to celebrate great teamwork and results.
Broker Notes

7 ASX 200 shares given buy ratings this week

Brokers are recommending these shares to clients.

Read more »

Business people discussing project on digital tablet.
Broker Notes

Buy, hold, sell: CAR Group, Judo Capital, and Worley shares

Ord Minnett has given its verdict on these shares. Is it bullish or bearish? Let's find out.

Read more »

Broker looking at the share price on her laptop with green and red points in the background.
Broker Notes

Why I want to own these ASX shares brokers rate as buys

Short-term concerns have weighed on these businesses, but brokers see reasons for investors to remain optimistic.

Read more »