The Gold Shares Leading The Market This Week
The market is up +1.05% this last fortnight.
The strongest shares on the ASX continue to be gold mining companies, joined with companies reporting strong earnings numbers this reporting season.
The five strongest gold companies are smaller miners all up over 12% this fortnight, the strongest up over 25%.
Here are a list of companies that we will wish we’d owned because they’re the best on the ASX. Some are house-hold names, but most are the smaller companies that only get noticed by the crowd months after they’ve put on a few hundred percent.
This is a list of the top performing tradeable-shares on the ASX.
Top 5 Summary:
1: PBG - PACIFIC BRANDS
An Australia-based consumer products company operating in three main divisions which are Underwear, Sheridan and Tontine and Dunlop Flooring.
News: PBG received a takeover bid on 28 April.
2: GCY - GASCOYNE RESOURCES
A mining company focusing on gold exploration that holds exploration licenses and applications in the Gascoyne Province of Western Australia.
3: NHF - NIB HOLDINGS
An Australian health insurer company providing health and medical insurance to over one million Australian residents, New Zealand residents and international visitors and students.
News: NHF reported strong FY16 guidance on 21 April.
4: PRU - PERSEUS MINING
Is engaged in mining operations and the sale of gold, mineral exploration and gold project evaluation and development in Republics of Ghana and Cote d'Ivoire, in West Africa.
5: SAR - SARACEN MINERAL HOLDINGS
A mineral exploration and development company focusing on gold. SAR has a portfolio of exploration asset situated in the North Eastern Kalgoorlie Goldfields of Western Australia.
|Rank||Code||Description||Sector||Two Week Performance|
|1||PBG||Pacific Brands||Consumer Discretionary||28.81%|
|14||VTG||Vita Group Ltd||Consumer Discretionary||11.08%|
|19||SGN||STW Communications||Consumer Discretionary||8.37%|
|12||BWX||BWX Limited||Consumer Staples||12.71%|
|8||ZEL||Z Energy Ltd.||Energy||16.80%|
|3||NHF||NIB Holdings Limited||Financials||21.56%|
|13||GHC||Gen Healthcare REIT||Financials||11.68%|
|10||PME||Pro Medicus Limited||Health Care||16.62%|
|6||CAT||Catapult Grp Int Ltd||Information Technology||17.45%|
|2||GCY||Gascoyne Res Ltd||Materials||26.00%|
|4||PRU||Perseus Mining Ltd||Materials||19.80%|
|7||MNS||Magnis Resource Ltd||Materials||17.00%|
|9||SLR||Silver Lake Resource||Materials||16.67%|
|15||EVN||Evolution Mining Ltd||Materials||10.61%|
Note: Gold companies are GCY, PRU, SAR, SLR, RSG, EVN, NST, OGC
Christopher is head of equites at Spring Financial Group. Christopher has over 10 years' experience managing equities desks with thousands of retail clients and responsibility for maintaining and servicing retail and wholesale relationships.