Daily rockets and losers; GrainCorp gains 6% on upgraded FY22 forecast
Looking at the movers and shakers on the ASX200 today.
Paladin Energy is leading the stock rockets today, up 10.63% today this session so far.
GrainCorp is up almost 6% after the grain receiver and storage company announced a guidance upgrade which led RBC Capital Markets to reiterate its outperform rating on the stock. GrainCorp announced it now expects FY22 underlying EBITDA to increase to between $590-$670 million, and Net profit after tax to be much higher than previously forecasted.
And Whitehaven Coal rounds out the top three stock rockets today, up 3.7% after lunchtime.
On the losing front, Platinum Asset Management leads the losers today, tumbling 16% after the company revealed its funds under management dropped from $21 billion to $19.4 billion for the March quarter.
Tyro Payments is trading down 2.8% today.
And IGO is trading 2.2% lower today despite no price sensitive news released by the mineral explorations company today.
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