On Stockhead today, tech stocks on the ASX are struggling this year, why rare earths are rallying, and who wants to buy into a brewery?

But first, here’s what you need to know about the day ahead.

 

The day ahead in data

The Australian Bureau of Statistics releases labour force data today.

Another positive day for Australian markets. The ASX 200 continues its run, up another 10.6 points to 6,510, representing nearly 12-year highs for the stock market.

The ASX small ords can’t quite claim that, but still pushed up 16.4 points to 2,851 yesterday.

 

Company news

No shares out of escrow today. The following 13 companies should come out of a trading halt or voluntary suspension in the next 48 hours:

Thursday:

  • Intiger Group (ASX:IAM) – pilot program agreement
  • Adalta (ASX:1AD) – capital raising
  • Myanmar Metals (ASX:MYL) – capital raising
  • Carbine Resources (ASX CRB) – response to a price query
  • AVZ Minerals (ASX: AVZ) – results of scoping study
  • Pure Alumina (ASX:PUA) – production update
  • Alderan Resources (ASX:AL8) – capital raising
  • Woomera Mining (ASX:WML) – finalisation of proposed acquisition

Friday:

  • Strandline Resources (ASX: STA) – capital raising
  • Lucapa Diamond Co (ASX: LOM) – ‘significant diamond recovery’
  • Calima Energy (ASX: CE1) – transaction relating to interest in Namibian licence
  • Twenty Seven (ASX: TSC) – capital raising
  • iCandy Interactive (ASX: ICI) – cooperation agreement

 

Commodities

Gold: $US1,275.41 ($1,853.55) -0.14%

Silver: $US14.45 -0.08%

Oil (Brent): $US70.66 -1.91%

Oil (WTI): $US61.33 -2.65%

Coal: $US83.40 +1.40%

Iron ore 62pc fe: $US96.56 +0.19%

AUD/USD: $US0.6881

 

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What got you talking yesterday

As always, electric vehicles had people conversing on the Stockhead Facebook chat forum.

Member Jeff Morgan, in response to news of China’s hunger for EVs: “Brilliant. Can the Australian economy somehow benefit from this too? Oh hold on – better not – it might result in someone’s Ute being stolen. 😂😂😂”

These were the five most-discussed stocks on trading gossip forum HotCopper at close on Wednesday:

 

Yesterday’s winners

Only three of yesterday’s 20 biggest movers did so on news — BetMakers (ASX:TBH), Metalicity (ASX:MCT) and LiveTiles (ASX:LVT).

BetMakers jumped 22 per cent to 5c thanks to an agreement to provide its racing data solution to global betting company Betgenius, while Livetiles rose 24 per cent to 50c because of another partnership with Microsoft.

Metalicity had both beat, up 25 per cent to 1c after announcing board changes.

Ticker Name Price % Chg Volume Market cap
LCY Legacy Iron Ore Ltd 0.003 50% $4,400,000 961.1k
ICG Inca Minerals Ltd 0.005 43% $15,400,000 60.9M
CGO CPT Global Ltd 0.19 36% $7,100,000 3.2k
EFE Eastern Iron Ltd 0.004 33% $1,600,000 146.9k
MTB Mount Burgess Mining NL 0.004 33% $1,800,000 250.0k
UNL United Networks Ltd 0.02 31% $2,100,000 183.2k
AUZ Australian Mines Ltd 0.02 28% $68,900,000 94.7M
ABV Advanced Braking Technology Lt 0.014 27% $4,200,000 47.4k
BPL Broken Hill Prospecting Ltd 0.02 27% $2,800,000 248.5k
ALT Analytica Ltd 0.005 25% $16,700,000 2.0M
FTT Factor Therapeutics Ltd 0.005 25% $5,200,000 11.7M
KEY Key Petroleum Ltd 0.005 25% $7,700,000 788.5k
MCT Metalicity Ltd 0.01 25% $6,000,000 134.5k
THD Thred Ltd 0.0025 25% $4,500,000 2.5M
TOM Tomizone Ltd 0.005 25% $2,100,000 350.0k
LVT Livetiles Ltd 0.5 24% $326,900,000 13.7M
XPD XPD Soccer Gear Group Ltd 0.02 23% $7,000,000 71.4k
LNU Linius Technologies Ltd 0.04 23% $38,400,000 15.1M
TBH Betmakers Holdings Ltd/The 0.05 22% $14,100,000 536.1k
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Yesterday’s losers

Of the bottom 20, only Great Western Exploration (ASX:GTE), down 20 per cent to four-tenths of a cent, had news out yesterday, releasing its entitlement issue prospectus.

Ticker Company Price % Chg Volume Market cap
SPB South Pacific Resources Ltd 0.003 -50% $497,000 343.1k
VIC Victory Mines Ltd 0.002 -33% $2,600,000 8.9M
PCH Property Connect Holdings Ltd 0.002 -33% $1,400,000 374.2k
EMU Emu NL 0.04 -29% $6,500,000 547.1k
IBN Ibuynew Group Ltd 0.02 -25% $458,000 61
PWN Parkway Minerals NL 0.003 -25% $1,800,000 155.0k
PSM Peninsula Mines Ltd 0.003 -25% $3,000,000 200.0k
GGX Gas2Grid Ltd 0.003 -25% $5,200,000 131.0k
DDD 3D Resources Ltd 0.003 -25% $1,700,000 1.5M
CAD Caeneus Minerals Ltd 0.003 -25% $2,800,000 3.0M
MOH Moho Resources NL 0.06 -24% $2,500,000 116.9k
FNT Frontier Resources Ltd 0.01 -22% $3,400,000 62.6k
SIS Simble Solutions Ltd 0.03 -21% $3,100,000 930.0k
SMD Syndicated Metals Ltd 0.004 -20% $2,700,000 225.0k
ROG Red Sky Energy Ltd 0.004 -20% $2,200,000 2.0M
NEW Norwest Energy NL 0.004 -20% $473,000,000 2.5M
MNC Metminco Ltd 0.004 -20% $2,400,000 5.2M
MMR MEC Resources Ltd 0.004 -20% $1,700,000 92.0k
GTE Great Western Exploration Ltd 0.004 -20% $3,900,000 2.4M
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That’s all you need to know. Move along now.

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