Although the Australian stock market closed in red today with S&P ASX 200 closing 0.6% down at 6338.4; however below three stocks showed an attractive upside momentum on ASX today. Investors may keep a close watch on the following stocks as the stocks witness a significant surge today.
Nearmap Ltd
Nearmap Ltd (ASX: NEA) is a digital content provider providing access to high-resolution aerial imagery, integrated geospatial tools and city-scale 3D data sets. The company aims to make aerial imagery easily accessible to businesses. In a presentation released yesterday, the company highlighted strong growth in H1 FY19. The company reported an increase in Annualised Contract Value (ACV) to $78.3m, revenue to $35.5m and improvement in gross margin. The company launched a range of new products during the period including offline 3D subscription availability, roof measurement tool and enhanced integration and scalability for enterprise customers. On 15 April this year, S&P Dow Jones Indices informed that Nearmap Ltd would replace MYOB Group Limited in S&P/ASX 200 Index.The company’s stock traded last on a higher note at AUD 3.790 (2nd May 2019), up by 5.571% from the previous day’s stock market price. The 52-week high and low value stands at AUD 3.900 and AUD 0.880 respectively. 9,101,778 shares were in trade today, and 447.74 million shares are outstanding.
