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That’s why getting in front of those red-hot trends is key for every trader worth their salt. In this daily HotCopper Trends column, we break down the top Oz stocks through each trading day.
Zip Co (ASX: ZIP) was wat down and the most followed stock on HotCopper after it reported that deeper customer engagement driving strong top line momentum.
The company also reconfirmed FY27 guidance for Ggroup cash EBTDA of $340 million.
Zip Co ‘s first quarter trotal transaction volume (TTV) grew to $4.6 billion (up 18.0% vs 1Q26); US TTV was up 34.1%.
“Customers are choosing to use Zip more often, driving strong top line growth, with transactions per customer up 27% in the US and 14.2% in Australia, positioning us well ahead of the second-quarter holiday season,” CEO and MD, Cynthia Scott, said.
ZIP was down 29.6% to $1.46.
Hamelin Gold (ASX: HMG) was up on the commencement of its maiden diamond drilling program at the Day Dawn gold project in the Paterson Province of Western Australia.
Drilling completed to date at Day Dawn has significantly advanced Hamelin Gold’s understanding of the mineral system, confirming the presence of a high-grade gold mineralisation extending from surface and highlighting the potential for a larger gold discovery at depth.
“We are very pleased to have commenced our maiden diamond drilling campaign at Day Dawn, which marks another important step in unlocking the broader potential of the project,” MD, Peter Bewick, said.
“Geological observations from the Phase 2 RC program support our view that the Aurora and Altus lodes may represent the upper position of a potentially significant, depth extensive mineral system, and this program is designed to build on that interpretation.
“With assay results from the expanded Phase 2 RC program due shortly and diamond drilling now underway, this is an exciting period for Hamelin at Day Dawn. We look forward to updating shareholders as the program progresses.”
HMG rose 8.82% to 18.5¢.
X2M Connect (ASX: X2M) took off on news it had signed an agreement with a Queensland developer for a 10MW AI-enabled data centre site.
Under the agreement, X2M has been granted binding exclusivity over the data centre site and its power capacity for 60 days, with commercial terms to be agreed and binding long-form agreements targeted within 90 days.
The agreement follows X2M’s first binding data centre agreement announced in August and sits alongside a series of non-binding agreements that take X2M’s prospective pipeline above 200MW.
life of the asset.
CEO, Mohan Jesudason, said X2M intends to provide its managed delivery service across the design, engineering, supply, installation and commissioning of the facility, followed by ongoing AI-enabled platform services and management for the life of the asset.
X2M was up 25.0% to 0.5c.
Looking wider, the S&P/ASX 200 was lower today, dropping 39.20 points or 0.45% to 8,754.00 and crossing below its 200-day moving average. The index has lost 0.60% for the last five days but is virtually unchanged year to date.
Meanwhile, the Victorian government is securing gas for Victorian homes and industry with the approval of the production licence for GB Energy’s $1 billion Golden Beach project off Ninety Mile Beach in Gippsland.
The project will boost the state’s gas storage capacity by around 70%.
The project will produce gas before converting the offshore field into storage, helping meet peak winter demand forecasted by AEMO and keep pressure off prices.
Gas production can begin from 2028, with storage from 2029.
“We have been clear that gas has a role in Victoria’s energy transition, particularly for industries that rely on it,” Minister for Energy and Resources, Jaclyn Symes, said.
That’s Friday’s HotCopper Market Trends, I’m Colin Sandell-Hay - see you for close.
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