BGA, VEA, QAN: Top three gainers which shined on ASX today

The benchmark index ASX 200 closed this week's trading on a positive note as the Australian stock market closed 0.79% higher at AU$ 7,104.10 points. Ten of 11 sectors ended higher today, where the energy was the best performing sector, up 1.32% at 11,346.70 points.

Materials, healthcare, and Consumer Staples, along with other sectors, led today's gains on the broader index. The only industry which closed in red today was telecommunication services. Noticeably, the Australian equities tracked the performance of strong overnight trading on Wall Street, where all three major indices closed higher.

Read detailed report by clicking here.

Coming to Australian equities, the top three companies which helped the market end higher included Bega Cheese Ltd (ASX: BGA), Viva Energy Group Ltd (ASX: VEA), and Qantas Airways Limited (ASX: QAN).

It is worth mentioning that these three companies also grabbed headlines as they announced their FY22 results in the last two days. Bega announced its results today, while Viva Energy and Qantas Airways had announced their FY22 results yesterday (25 August). Meanwhile, the positive performance of the overall market has also supported the share price of these three companies.

In this article, we will have a quick glimpse at these stocks' last one-year and year-to-date (YTD) performance. This will also include a look at their FY22 results.

Bega Cheese Ltd (ASX: BGA):

Today, the share price of Bega Cheese Ltd closed 11.764% higher at AU$4.180 per share on ASX. In the last one year, Bega shares have fallen 24.14%, while the stock is down 25.36% on YTD. The company has a market capitalisation of AU$1.13 billion. The sharp rise in the company's share price is probably because investors are pleased with the company's FY22 results announced today. The company has reported a 45% increase in its FY22 revenue at AU$3,009.9 million compared to AU$2,073.4 in FY21. 

Viva Energy Group Ltd (ASX: VEA):

Viva Energy shares closed 6.884% higher at AU$2.950 per share on ASX today. The last one-year returns of the company have gained 37.21%, while the stock is up almost 26.07% on YTD. Viva Energy Group Ltd has a market capitalisation of AU$4.28 billion.

The energy company has delivered an extraordinary performance in the initial six months of 2022, with Group EBITDA (RC) growing by 139% year-on-year (YOY) to AU$611.7 million. 

Qantas Airways Limited (ASX: QAN):

Today, the ASX-listed Australian Airways Qantas Limited shares closed over 6.584% higher at AU$5.180 per share on ASX. Qantas commands a market capitalisation of AU$9.16 billion. The last 12 months and the YTD performance of the company stands at +0.58%.

Last year, the pandemic-induced lockdown impacted the travel industry globally; Qantas was no exception. The company revealed yesterday that it recorded a third consecutive Statutory Loss Before Tax of over AU$1 billion. In its first return to shareholders since 2019, Qantas has approved an on-market share buyback of approximately AU$400 million. Qantas International and Freight division recorded an Underlying EBIT loss of AU$(238) million and an Underlying EBITDA profit of AU$448 million.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au