Last week’s ASX front-runner tapped into the Chinese thirst for Aussie products. This episode also looks at the value of gaming and a rising biotech looking for a treatment to a commonly found disorder.
Brought to you by CPS Capital
FLASHPOINT - TRANSCRIPT
Tim - But first here's Matt Birney with the ASX Runners of the Week.
Matt Birney - Thanks to CPS Capital
Matt Birney - Thanks Tim.
Matt Birney - Okay so today’s Runners of the Week show there are still plenty of ways to make a dollar on the ASX without necessarily digging stuff up.
Matt Birney - E-commerce company RooLife hit 2c after wallowing around at just point eight of a cent last week. Its bounce came after e-commerce giant Alibaba agreed to stock remedy drinks in its 300 high-tech supermarkets across China.
Matt Birney - Internet provider Pentanet more than doubled to touch 28 cents after signing an agreement to deliver its cloud gaming services to Optus customers.
Matt Birney - Exploration company Summit Minerals hiked 57 per cent to just over 20 cents – up from 13 last week, after tabling some exceptional drill results at its rare earths project near Kalgoorlie.
Matt Birney - And finally, global biotech firm Bionomics jumped 70 per cent on news of positive results from its study into the treatment of social anxiety disorder.
Matt Birney - A disorder sometimes found amongst ASX investors.
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