On Stockhead today, how to buy a portfolio with stocks ‘on sale’, the new ASX 300 biotechs, and how to pick a stock to short sell.

But first, the day ahead.

Local shares are set to open lower today. At 8am AEST, the ASX 200 October futures contract is pointing down by 0.25%.

S&P Global issues preliminary September purchasing managers’ indexes (PMIs) for the manufacturing and services sectors.

“Rising interest rates and cost pressures are beginning to weigh on Aussie business activity,” CommSec says.

 

TRADING HALTS

The following companies are in trading halts and are expected out in the next few days:

Zeotech (ASX:ZEO) – Capital Raise

Syrah Resources (ASX:SYR) – Labour-related operational interruption at Balama Graphite Operation

Carbonxt Group (ASX:CG1) – Capital raise.

Consolidated Zinc (ASX:CZL) – Capital raise

Encounter Resources (ASX:ENR) – Capital raise

Estrella Resources (ASX:ESR) – Capital raise

 

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: $US1,671.17 (-0.15%)

Silver: $US19.63 (+0.22%)

Nickel (3mth): $US24,365/t (-2.34%)

Copper (3mth): $US7,684/t (-0.06%)

Lithium Carbonate, China (Benchmark Minerals Intelligence, Sept 14): $US71,500/t (+98.6% year-to-date)

Lithium Hydroxide, China (Benchmark Minerals Intelligence, Sept 14): $US70,550/t (+135.6% year-to-date)

Oil (WTI): $US83.28 (+0.42%)

Oil (Brent): $US89.37 (-0.45%)

Iron 62pc Fe: $US98.83 (+0.18%)

AUD/USD: 0.6643 (-0.30%)

Bitcoin: $US19,219 (+3.16%)

 

WHAT GOT YOU TALKING YESTERDAY?

Three 0.75% hikes in a row. At least it wasn’t 1%?

 

Keep up to date with Stockhead coverage or you’ll miss gold like that EVERY DAY. Follow our Twitter page.

For all you crypto lovers Stockhead’s Coinhead Facebook group is the place to share your views, insights, tips and ideas.

Also, be sure to check in preopen each day for ‘Market highlights and 5 ASX small caps to watch’, and 10.30am for our daily ‘10 at 10’ column — a live summary of winners & losers at the opening bell.

 

WEDNESDAY ASX SMALL CAP WINNERS

Here are the best performing ASX small cap stocks:

Swipe or scroll to reveal full table. Click headings to sort:

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AVENIRA (ASX:AEV) inked a non-binding deal with Lithium Iron Phosphate (LFP) battery manufacturer Aleees and the NT government to build a LFP battery cathode manufacturing plant in Darwin, leveraging AEV’s flagship 67Mt Wonarah phosphate project.

FLYNN GOLD (ASX:FG1) hit more high grade gold at the Trafalgar prospect, part of the Golden Ridge project in Tassie.

Near term producer R3D RESOURCES (ASX:R3D) increased resources by x4 at its Tartana project in QLD to 11,265t of contained copper – enough to underpin “several years of copper sulphate production”.

 

WEDNESDAY ASX SMALL CAP LAGGARDS

Here are the best performing ASX small cap stocks:

Swipe or scroll to reveal full table. Click headings to sort:

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