The 3 best performing ASX shares in the week of 16 January 2023

Marc Kennis, January 23, 2023

The 3 best performing ASX shares in the week of 16 January 2023.

The 3 best performing ASX shares in the week of 16 January 2023 were GTN Ltd (ASX:GTN), up 36.5%, City Chic Collective (ASX:CCX), up 34.7%, and Security Matters (ASX:SMX), up 32.4%.

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1. GTN Ltd (ASX:GTN)

Industry: Consumer

GTN Limited (ASX:GTN) provides an advertising platform that enables advertisers to reach audiences frequently and effectively. GTN is one of the largest broadcast media advertising platforms by audience reach in Australia, Canada, the United Kingdom and Brazil.

Market Cap: $108m

12 month high / low: $0.36 – $0.62

GTN

2. City Chic Collective (ASX:CCX)

Industry: Retail

City Chic Collective Limited (ASX:CCX) is a global omni-channel retailer specialising in plus-size women’s apparel, footwear and accessories. It appeals to fashion forward women and its omni-channel model comprises of a network of 94 stores across Australia and New Zealand and websites operating in ANZ, the US, the UK and Europe.

Market Cap: $158m

12 month high / low: $0.375 – $5.62

City chic Collective

3. Security Matters (ASX:SMX)

Industry: Software & IT Services

Security Matters Limited (ASX:SMX) rounds out our top 3 best performing ASX shares this week. It is involved in development and the commercialisation of track and trace technology for a variety of industries. The Group owns and has commenced commercialising the technology (licensed from the Israeli Atomic Agency) to permanently and irrevocably “mark” any object either solid, liquid or gas, allowing identification, circularity, proof of authenticity etc.

Market Cap: $38m

12 month high / low: $0.085 – $0.45

Secutiry Matters