The ASX is buzzing on Friday with several popular shares catching plenty of attention as investors trade their interests between each other. Four stocks stand out as being Friday's 'most popular' at the time of writing. Here, we define the popularity contest as those stocks with the highest trading turnover in dollar terms the corresponding gain in share price.
ASX stocks in the red aren't included. They aren't the popular kids here today. Group Ltd ( ) show up after applying this filter.
Are they part of your portfolio? Let's take a closer look. Popular shares on Friday First on the list of popular ASX shares is Mesoblast. It has been in the spotlight today, with a turnover reaching $17.
6 million at the time of writing and the stock up 12% on the day. The biotech company's share price jumped to a new 52-week high of $9.76 today as well, continuing a trend that started end of September.
Mesoblast has agreement with its largest shareholder. This allows the company to issue up to US$50 million in convertible notes if the US Food and Drug Administration (FDA) approves its lead product, remestemcel-L. Mesoblast expects a decision from the FDA by 7 January 2025.
If successful, the funding would enable the company to commercialise the drug. This is definitely a popular share, having lifted 390% this year to date. But consensus also rates it a strong buy at present, according to CommSec.
Light & Wonder in fashion Next on the list of popular ASX shares is global gaming company Light .
