Ingenia Communities, an Australian property developer, experienced a significant drop in share value of up to 6.21% to A$3.93, marking its steepest intra-day percentage drop since February 21st.

Finding itself among the top five losers on the ASX 200 benchmark index, Ingenia saw a plunge to its lowest level since August 25.

The drop follows the announcement on Thursday by U.S.-based REIT Sun Communities, Ingenia’s (ASX:INA) principal shareholder, of the sale of its entire 10.25% stake in Ingenia.

The stake was sold for a staggering $100 million, leading to a swap of nearly 45 million shares as opposed to the typical 30-day average trading volume of roughly 972,723 shares.

So far this year, the stock has seen a decrease of 6.3%, as of last close.

Ingenia Communities (ASX:INA) specializes in property development.

Shares in Australian diamond miner and explorer Lucapa Diamond (ASX:LOM) soared as much as 9.1% to A$0.036, marking its biggest intraday percentage gain since October 5.

The company announced that seven Lulo diamonds totalling 535 carats have been sold for a hefty A$24.5 million ($15.5 million).

The company also revealed that the tender managed to attract an average price per carat of US$29,401 suggesting a robust demand and strong prices for large, high-quality diamonds.

Roughly 777,156 shares exchanged hands, compared to the average 30-day volume of 352,210 shares.

Despite this positive news, the stock remains down by 28.3% year-to-date.

Lucapa Diamond (ASX:LOM) is a diamond miner and explorer based in Australia with a focus on high-quality diamonds.

Perpetual’s shares jumped notably, marking a near one-month high, following an increase in Q1 Assets Under Management (AUM).

The shares gained as much as 2.7% reaching a value of A$21.330 - their best performance since September 14.

Perpetual was also topped the chart as the best performer on the ASX 200 index and reached its peak level of September 19.

The company was trading at A$21.255 as of 0233 GMT and was poised for its highest closing level since September 6, if the trend remained.

Perpetual’s average for September quarter AUM was A$215.6 bln, up from A$211.2 bln from the preceding quarter.

However, the total Assets under Management (AUM) at the end of September were down compared to the June quarter level.

The company reiterated its FY24 total expense growth forecast, which includes a full year of Pendal’s expenses.

It noted sustained frailty in the Australian dollar and how it augmented offshore revenues, but simultaneously increased international expenses.

Despite the apparent surge, Perpetual shares have seen depreciation of about 14% this year, as of last close.

Perpetual is a global investment management firm specializing in wealth management and other financial services.

Shares of Bega Cheese (ASX:BGA) have surged up to 5.4% reaching A$2.95, its highest point since September 4th.

Bell Porter, a brokerage firm, has upgraded the dairy company’s status from ‘Hold’ to ‘Buy’.

Nevertheless, it revised the target price downwards to A$3.35 per share from A$3.50 per share previously.

The brokerage has stated that commodity prices have consolidated while the overall production volumes of Australian milk have steadfastly stayed consistent on a Y-O-Y basis.

The consistent retail milk price growth surpassing farmgate milk prices, along with industry efforts to cut down on processing capacity, could help the company reach its five-year objectives.

For FY25 and FY26, the brokerage has increased its operating profit estimations by 5% and 8% respectively, and has also raised its NPAT estimate for FY25 and FY26 by 18% and 26% respectively.

Out of nine analysts, one rates the stock as ‘buy’ or higher, five recommend ‘hold’ and three suggest ‘sell’ or lower with a median PT of A$3.48, according to LSEG data.

Despite a ~27.8% fall this year as of the last close, the stock sees a positive momentum.

Bega Cheese offers an array of dairy and food products, headquartered in Bega, New South Wales, Australia.

Shares in Australia’s gambling titan, Tabcorp (ASX:TAH), have taken a downturn, plummeting as much as 2.2% to A$0.895.

The company’s stock saw a 4.2% dip this week, marking the worst weekly decline since September 8.

Analysts at Morgan Stanley have cut the price target on Tabcorp, the nation’s largest gambling company, to A$1.20 from A$1.30.

Moreover, the company reported a fall in quarterly revenue, which fell short of market predictions.

JP Morgan has also lowered the price target on Tabcorp by 10% to A$0.90 and has decided to maintain a ‘neutral’ rating.

Further, modifications have been made to the core earnings estimate for FY24 and FY25, downsizing them by 7% and 3%, respectively, due to subdued sales trends.

Correspondingly, Morgan Stanley has decreased FY24 EBITDA estimates for the company by 9%.

Year to date, Tabcorp has faced a 14.9% decline.

Tabcorp is Australia’s largest provider of gambling products and services.

Shares of Nagambie Resources (ASX:NAG) rose by 22.22%, reaching a trading price of A$0.022.

This surge marked the company’s best day since August 30, provided that current gains are sustained.

The Australian gold miner announced the discovery of high-grade gold ore at an onshore mine located within Victoria, Australia.

The company has stated that the discovered ore has the potential to produce 14.5 grams of gold per tonne, whilst incurring very low operational costs.

Despite this discovery, the stock has experienced a significant decline this year, having dropped by 73.1% as measured from its last closing price.

Nagambie Resources is a gold mining company based in Victoria, Australia which specializes in the exploration and production of precious metals.

Shares of Latin Resources (ASX:LRS) have encountered a significant incline, soaring as much as 7.8% to A$0.313, hitting a peak not seen since September 19.

This diversified mining company has announced that it has entered into a binding Heads of Agreement with Maverick Minerals to facilitate the sale of its unit, Lotus Minerals.

Latin Resources views this sale as a strategic move that will allow the company to channel more focus towards its flagship project, the Salinas Lithium Project located in Brazil.

In the context of this transaction, Maverick Minerals has agreed to issue six million shares of its capital valued at A$0.20 per share.

Reflecting on the year-to-date basis, shares of Latin Resources have nearly tripled in value this year, up until the latest closure.

Latin Resources is a diversified mining company that operates multiple projects, including the Salinas Lithium project in Brazil.

One Click (ASX:1CG), an Australian provider of taxation preparation software and services, experienced a dramatic drop in share price, falling as much as 17.7% to A$0.014.

This marks the company’s most substantial intra-day fall since June 20.

The plunge also drove the stock to its lowest level since July 14.

The decline came in the wake of the company’s A$1.7 million non-renounceable entitlement offer announcement, with an issue price set at A$0.015 per share, presenting an 11.8% discount to the stock’s last closing.

The company has stated intentions to use these funds for marketing, product development, and other ventures.

Despite the sharp loss, the stock has seen an uptrend this year, up 54.5% Year to Date as of the last closing.

One Click is an Australian taxation preparation software and service provider.

Shares of AVJennings (ASX:AVJ) saw a drastic drop of as much as 37.5%, plunging to A$0.250.

This is the lowest it’s been since November 14, 2012.

The decline currently stands at about 22%, and the stock is on course for its worst day ever if the trend persists.

The real estate company announced that it has completed the institutional component of its entitlement offer, amounting to A$30.4 million (approximately $19.2 million), raising A$18.1 million.

The company raised capital at an issue price of A$0.20 per share, which is a discount of 42.2% to its last closing price.

More than 1.5 million shares have changed hands, marking the highest turnover since June 2, 2020.

Despite this, the stock has fallen 1.2% this year, as of the most recent close.

AVJennings (ASX:AVJ) is a reputable real estate company, offering a range of residential properties to the global market.

Perpetual (ASX:PPT) has announced that their total assets under management amounted to A$211.7 billion at the end of September.

The company reiterated its fiscal year 2024 total expense growth guidance, ranging between 27% and 31%.

Perpetual’s wealth management division reported total funds under advice at A$18.4 billion as of September.

Perpetual is a financial services company that provides a range of products and services including managed investments, financial advice, and banking services.