MOKO.mobi and Continental Coal top the Proactive Investors Rippers lists today
Thursday, January 13, 2011 by John Phillips The market finally had some zing today, with the All Ordinaries jumping 66 points to 4898, as trading volumes are ramping up post the holiday break.
The Proactive Investors Ripper award for the biggest percentage spiker on the ASX today was really hard to find, as the junior resource stocks that were jumping early in 2011 are now trading more sensibly as sufficient volume returns to the market.
The top performers above two cents with sufficient volume were MOKO.mobi (ASX: MKB) with a 29% share jump, with WCP Resources (ASX: WCP) up 28% as Sovereign Metals (ASX: SVM) gained 27%.
The biggest Dipper, or the percentage faller on the day, was a thinly traded Whinnen Resources (ASX: WWW) which eased 19%, with a sparsely traded ITL (ASX: ITD) off 18% as Lion Energy (ASX: LIO) eased 15%.
Topping the most actively traded stock was Continental Coal (ASX: CCC) again with 127 million shares changing hands as the South African coal producer continues to have strong investor interest as the Queensland coal industry is in disarray on account of the crippling floods.
Rounding out the top 5 most active stocks was ING Industrial Fund (ASX: IIF) with 77 million, Peninsula Energy (ASX: PEN) 65 million, WHL Energy (ASX: WHN) 62 million and ABM Resources (ASX: ABU) 43 million.
The big miners continue to lead the most actual trades during 2011, with BHP Billiton (ASX: BHP) 11,300, followed by Rio Tinto (ASX: RIO) 11,200, Macquarie Group (ASX: MQG) 10,300, Commonwealth Bank (ASX: CBA) 9,100 and Woodside Petroleum (ASX: WPL) 9,000