ASX stocks moving up on ASX- TYR, WTC, SUN, WHC

Highlights:

• ASX 200 ended higher today. One of the factors influencing the index is the performance of the players listed within the index.
• TYR, WTC, SUN, WHC are a few players that surged on the ASX.

Benchmark index ASX 200 ended the day’s trade on 18 July 2022 in the green zone. The index moved up 1.23% and settled at 6,687.10. One of the factors influencing the index was the recent announcement made by some of the players listed within the index.

In this article, we will look at some of the top players listed on the ASX which noted significant growth in their share price as well as cover their recent development.

Tyro Payments Limited (ASX: TYR)

Tyro Payments shares zoomed significantly following the release of its COVID-19 Trading Update. By the end of the trading session, TYR shares settled  at A$0.700, up 7.692% from the previous close. Tyro is a technology-focused and values-driven Group that offers Australian businesses with payment solutions and value-adding business banking products.

In the announcement, the Company highlighted that the transaction value data in FY2022 increased 34% to A$34.197 billion compared to FY2021. The Company also expects the number to increase 38% to A$1.618 billion by 15 July 2023.

WiseTech Global Limited (ASX: WTC)

WiseTech Global Limited continues to move up on the ASX for two consecutive days following the release of their FY2022 guidance. By the end of the trading session, WTC shares settled at A$47.290, up 7.160% from the previous close.

WiseTech Global is a top developer and provider of software solutions to the logistics execution industry globally.

On 15 July 2022, the Company announced its FY2022 guidance. It expects its FY2022 revenue at the top range in between A$600 million to A$635 million. It also increased FY2022 EBITDA guidance range from A$275 million to A$295 million to A$310 million to A$320 million.

Suncorp Group Limited (ASX: SUN)

Suncorp Group Limited shares are moving up following the Company signed a share sale and purchase agreement with Australia and New Zealand Banking Group Limited (ASX: ANZ) to sell its banking business for A$4.9 billion. Furthermore, SUN will obtain a minimum fee of A$50 million for the use of the Suncorp Bank brand.

By the end of the day’s trade, SUN shares settled at A$11.780, up 6.126% from the previous close.

The Company confirmed that its insurance operations in both Australia and New Zealand will not form part of the transaction. Also, the Group’s head office will continue to be in Queensland. 

The Bank will continue to run under the Suncorp Bank brand pursuant to a licensing contract between ANZ and the Group for 5 years post completion.

ANZ and Suncorp will maintain the robust existing presence of Suncorp Bank in QLD and further invest in people and various initiatives in the state.

Whitehaven Coal Limited (ASX: WHC)

Whitehaven Coal Limited shares surged by 5.169% by the end of day’s trade on 18 July 2022 and settled at $5.900. The Company released its June 2022 quarter production report and updated market that it achieved record average coal price of A$514/t for the quarter and A$325/t for FY2022. It expects a FY2022 EBITDA of A$3.00 billion.

June quarter managed run-of-mine production was 6.4Mt, up 21% compared to the previous quarter. FY2022 managed sales of produced coal was 17.6Mt. It is within the guidance range of 17.2-17.8Mt. As at 30 June 2022, WHC had net cash of A$1.00 billion.

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