These were the 5 top performing ASX shares in September

Here are the top 5 for September.

| More on:
Investor with palm up and graphic illustration of asx small cap tech shares charts shooting from his hand

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Many ASX shares faltered amidst the volatile month of September. Especially after the S&P/ASX 200 Index (ASX: XJO) tumbled 202 points or 2.69% by month-end.

Despite the broader selling headwinds, these 5 ASX shares (with a market capitalisation greater than $100 million) managed to top the leaderboards.

5 top performing ASX shares in September

1. Kingsgate Consolidated Limited (ASX: KCN)

The Kingsgate share price surged 103% to $1.58 last month on heavy volume after the company came forth with an encouraging update about its Thailand operations.

It is understood that the company's negotiations with the Royal Thai Government are entering their final stages.

Kingsgate is optimistic about settling a number of actionable awards including:

  • The grant of all operating licences and permit applications required to re-start
    and operate the Chatree Gold Mine;
  • The renewal/approval of key exploration licence applications to enable access to previously unavailable but highly prospective areas; and
  • The examination by Kingsgate of options for the construction of a renewable energy plant at the Chatree Gold Mine;

2. Tuas Ltd (ASX: TUA)

Tuas was a spinoff of TPG Telecom Ltd (ASX: TPM) and its Singapore operations.

Its shares skyrocketed 70.5% to $1.45 in September following the broader strength across ASX shares in the telecommunications sector and an upbeat FY21 results announcement towards the end of the month.

3. Atomo Diagnostics Ltd (ASX: AT1)

Atomo did not announce any market-sensitive news in September but managed to take the spotlight due to its effective rapid antigen test (RAT) for COVID-19.

Its shares surged 54% in September to 35.5 cents after its management told The Australian that it can "bring in up to a million tests a week" to Australia if the demand is there.

4. Camplify Holdings Ltd (ASX: CHL)

The Camplify share price rallied strongly in September despite no market-sensitive announcements made by the company.

Shares in the caravan and campervan-sharing platform surged 65.75% to $3.

This caught the attention of the ASX, which issued a price query on 9 September. In response to its surging share price and volumes, the company pointed to its recent preliminary final report on 23 August as well as recent information by state and federal governments regarding the easing of COVID-19 related restrictions that may have impacted its trading performance.

5. Arafura Resources Limited (ASX: ARU)

The Arafura share price skyrocketed 50% in September following reports from Bloomberg and the Australian Financial Review that the company was in discussions with European manufacturers for offtake agreements for the supply of rare earths.

Interestingly, the news was speculative in nature, as Arafura would later clarify with the ASX that these discussions were not "formal or binding agreements … and negotiations are incomplete".

Motley Fool contributor Kerry Sun has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Gainers

Excited group of friends sitting on sofa watching sports on TV and celebrating.
Share Gainers

Why Boss Energy, Neuren, Strickland, and Vulcan shares are pushing higher today

These shares are having a better day than most today. But why?

Read more »

Woman holding gold bar and cheering.
Gold

Up 200% in 2025, guess which ASX gold stock is surging 11% again today

Investors are sending the ASX gold stock soaring again today. But why?

Read more »

Man with backpack spreading his arms out and soaking in the sun.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a volatile start to the week for the ASX share market...

Read more »

Rising share price chart.
Share Gainers

Why Canyon Resources, Nufarm, Paladin Energy, and WiseTech shares are charging higher today

These shares are starting the week on a positive note. But why?

Read more »

Man with rocket wings which have flames coming out of them.
Gold

Guess which ASX gold stock just rocketed 167% on big news!

Investors are sending the ASX gold stock flying higher on Monday. Let’s find out why.

Read more »

Doctor doing a telemedicine using laptop at a medical clinic
Healthcare Shares

Up 34% since April, ASX 300 healthcare stock lifts off again today on new milestone

The ASX 300 healthcare stock has been on a tear since hitting one-year lows in April.

Read more »

The silhouettes of ten people holding hands with their arms raised against the sky, as the sun rises or sets in the background.
Share Gainers

Here are the top 10 ASX 200 shares today

ASX shares finished the trading week on a high this Friday.

Read more »

A businessman stacks building blocks.
Technology Shares

6% gain! What's up with Block shares today?

Block shares are up more than 34% since 2 May.

Read more »