Oncosil Medical run-up spurs big gain in Shares Race
A big run-up in the share price of Oncosil Medical has helped catapult Varun Ratra, of the newsletter Eye between Bulls & Bears, into second place in week four of the Shares Race.
Ratra's portfolio value has grown to $119,620, with his original $10,000 investment in Oncosil Medical now worth $27,692, up from $16,154 last week.
Sydney-based medical device company, Oncosil Medical, which is focused on interventional oncology, is the best-performing stock tip of allCredit:AP
The medical device company focusing on oncology is the best-performing tip of all.
Race leader Angie Ellis, of 20 20 Investments, has a portfolio value of $122,001, fuelled by the strong performance of Magmatic Resources.
Her original $10,000 investment in the gold and copper explorer is now worth $23,333, down from $25,000 last week. It is the second-best performer of all.
Dan Silver, co-chief executive of Stake, moves to fifth place from second last week. Like Ellis, he also holds Magmatic Resources. However, the share prices of some of his other picks, including Navarre Minerals and BetMakers Technology, fell during the week.
With two weeks to go in the Shares Race the battle is on between Angie Ellis and Varun Ratra.Credit:Fairfax Media
Zoono Group, which is held by Ellis, is the third-best performing tip, with her original $10,000 investment in the anti-microbial products company worth $19,767, up from $16,279 last week.
The sharemarket, as measured by the S&P/ASX 300 index, rose by almost 1 per cent during the week to close at 6,682 points on Thursday, the day the competition closed.
The Shares Race is a fantasy shares game that runs for six weeks. Players start with $100,000, divided evenly across 10 stocks. Their progress is reported weekly.
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