Investors sold off positions on Thursday, sending the stock market tumbling anew following President Donald Trump’s announcement that he had actually raised tariffs on Chinese goods by 145 percent since taking office.
Among all major indices, the Nasdaq was battered the most, losing 4.31 percent. The S&P 500 followed with a 3.46-percent drop while the Dow Jones came in last, down 2.50 percent.
Meanwhile, 10 companies bucked a broader market decline, registering modest gains during the session.
In this article, we have listed Thursday’s 10 best performers and detailed the reasons behind their gains.
To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million trading volume.
A person with stock market data on a laptop. Photo by Anna Nekrashevich on Pexels
10. Kinross Gold Corp. (NYSE:KGC)
Shares of Kinross Gold rose for a second day on Thursday, adding 5.15 percent to end at $13.69 apiece as the company benefitted from higher gold prices that were touted as investors’ safe haven amid ongoing market uncertainties.
Thursday’s increase marked KGC’s second consecutive day of gains, bucking a broader market pessimism.
Spot prices of gold ended 0.35 percent higher on Thursday at $3,187.30 per ounce after jumping to an all-time high of $3,188.45 at the intra-day session.
In other news, KGC earned a positive rating from Moody’s Research, having been assigned a Baa3 rating, thanks to the gold miner’s efforts in lowering its debt level and maintaining an annual production of approximately 2 million ounces.
In full year 2024, KGC saw its net income surge by 127.9 percent to $948.8 million from $416.3 million in the previous year. Sales, on the other hand, jumped 21 percent to $5.1 billion from $4.2 billion.
Kinross Gold Corporation (NYSE:KGC) is a Canadian-based global senior gold mining company with operations and projects in the United States, Brazil, Mauritania, Chile, and Canada.
9. Li Auto Inc. (NASDAQ:LI)
Li Auto saw its share prices grow by 5.25 percent on Thursday to finish at $22.25 each as investors cheered news that it officially expanded into Southeast Asia with its entry into the Philippines.
Initially, LI began distributing the Li L7, a five-seater luxury midsize crossover, and the Li L9, a six-seater full-size flagship sports utility vehicle. It also signaled the possible arrival of a third and larger model—the Li Mega.
LI tapped HomeAuto Inc. as its official distributor in the Philippines.
“We are thrilled to introduce Li Auto’s innovative smart electric vehicles to the Philippines,” said Stone Yu, CEO of HomeAuto Inc. “The local market presents a significant opportunity for us with its increasing awareness of electric vehicles and growing interest in modern technology. Filipinos’ strong family values align perfectly with our vision, so we are confident that they will appreciate the unique blend of luxury and technology that Li Auto offers.”
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