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Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, clean hydrogen could step up by 2030, bauxite gets its sexy on, and the ASX’s hottest stocks right now.
But first:
The week ahead
Traders, investors and market enthusiasts alike; strap in for what’s probably the biggest week for key data and events so far in 2019.
To Australia first, and Wednesday’s inflation print (11:30am AEST) will dominate the local calendar.
In short, it’s been low and getting lower, and the median forecast is for core CPI growth of just 1.5 per cent in the June quarter. A sharp miss in either direction is very likely to move markets, for both stocks and the Aussie dollar.
Also of note this week, CoreLogic’s monthly home price index for July on Thursday followed by all-important June retail sales figures from the ABS on Friday.
Looking abroad, the US Federal Reserve will take centre stage on Wednesday night with its latest policy announcement. Markets are now fully-priced for a rate cut — a huge shift from the start of the year — with all eyes now on the Fed’s 2019 outlook.
The Fed’s meeting will follow PCE inflation figures on Tuesday night, which are forecast to show annual growth of 1.7 per cent, below the central bank’s 2 per cent target.
Markets will also be focused on the latest round of US-China trade talks, scheduled to kick off in Shanghai on Tuesday during Asian trade.
The Bank of Japan (Tuesday) and the Bank of England (Thursday) will also make policy announcements, with no changes expected to current rates settings.
And the US will finish off the week with employment data on Friday night. The US economy is tipped to add another 160,000 jobs, with annual wage growth — an important input for the inflation outlook — edging higher to 3.2 per cent.
Company news
The following companies are scheduled to come out of a trading halt or voluntary suspension to start the week:
Monday:
Moreton Resources (ASX: MRV) – material update
GBST Holdings (ASX: GBT) – takeover offer
Respiri (ASX: RSH) – capital raising
Classic Minerals (ASX: CLZ) – drilling results
Kingwest Resources (ASX: KWR) – capital raising
Variscan Mines (ASX: VAR) – potential acquisition
ALT Resources (ASX: ARS) – study results
Yowie (ASX: YOW) – announcement on takeover bid.
Markets
Gold: $US1,418.52 ($2,051.66) +0.87%
Silver: $US16.38 -0.13%
Oil (Brent): $US63.30 -0.14%
Oil (WTI): $US56.19 +0.30%
Coal: $US74.07 -1.04%
Iron ore 62pc fe: $US117.50 +1.29%
AUD/USD: $US0.6910 -0.58%
What got you talking last week
These were the five most-discussed stocks among ASX investors on Friday, July 26:
$AUZ – Australian Mines Ltd
$A40 – Alliance Mineral
$STX – Strike Energy
$PLS – Pilbara Minerals
$BIT – Biotron Limited
Last week’s winners
Energy junior SciDev (ASX:SDV) jumped 82 per cent this week after receiving its first major order from the US market for its friction reducing tech.
SciDev says these intial orders are worth a touch over $1 million, but it’s just the tip of the iceberg.
“Order volumes are expected to continue to grow, with further commercial and field evaluations to be undertaken in order to determine the potential financial returns to SciDev from this very large market,” the company says.
Here are the best performing ASX small cap stocks for July 19-26 (intraday):
| Ticker | Name | Price Last Friday | Price This Friday [intraday] | Total Return % | Market Cap |
|---|---|---|---|---|---|
| SHK | STONE RESOURCES AUSTRALIA | 0.001 | 0.002 | 100.00% | $1,623,292 |
| INK | INDAGO ENERGY | 0.052 | 0.099 | 90.38% | $25,038,826 |
| SDV | SCIDEV | 0.135 | 0.245 | 81.48% | $26,279,474 |
| BNR | BULLETIN RESOURCES | 0.015 | 0.027 | 80.00% | $4,840,913 |
| SPX | SPECTRUM METALS | 0.032 | 0.056 | 75.00% | $70,812,848 |
| SCN | SCORPION MINERALS | 0.004 | 0.007 | 75.00% | $1,239,172 |
| CZR | COZIRON RESOURCES | 0.009 | 0.015 | 66.67% | $26,783,270 |
| ANL | AMANI GOLD | 0.002 | 0.004 | 60.00% | $20,852,910 |
| STX | STRIKE ENERGY | 0.063 | 0.100 | 58.73% | $155,031,472 |
| DRO | DRONESHIELD | 0.155 | 0.245 | 58.06% | $47,377,800 |
| G88 | GOLDEN MILE RESOURCES | 0.048 | 0.073 | 52.08% | $4,226,699 |
| FML | FOCUS MINERALS | 0.275 | 0.415 | 50.91% | $75,840,656 |
| GLV | GLOBAL VANADIUM | 0.002 | 0.003 | 50.00% | $8,488,440 |
| MZN | MARINDI METALS | 0.001 | 0.002 | 50.00% | $3,372,557 |
| CAD | CAENEUS MINERALS | 0.001 | 0.002 | 50.00% | $3,211,891 |
| TSC | TWENTY SEVEN CO | 0.002 | 0.003 | 50.00% | $2,943,184 |
| CAV | CARNAVALE RESOURCES | 0.002 | 0.003 | 50.00% | $2,228,999 |
| PPY | PAPYRUS AUSTRALIA | 0.006 | 0.009 | 50.00% | $2,116,346 |
| EQE | EQUUS MINING | 0.011 | 0.016 | 45.45% | $14,356,430 |
| BMG | BMG RESOURCES | 0.011 | 0.016 | 45.45% | $8,923,718 |
| AHQ | ALLEGIANCE COAL | 0.098 | 0.140 | 42.86% | $76,395,376 |
| BPL | BROKEN HILL PROSPECTING | 0.021 | 0.030 | 42.86% | $4,436,502 |
| LCT | LIVING CELL TECHNOLOGIES | 0.019 | 0.027 | 42.11% | $15,428,906 |
| PEA | PACIFIC ENERGY | 0.690 | 0.980 | 42.03% | $421,490,752 |
| FIN | FIN RESOURCES | 0.010 | 0.014 | 40.00% | $4,083,680 |
| WGO | WARREGO ENERGY | 0.093 | 0.125 | 34.41% | $78,129,376 |
Last week’s losers
Internet of Things company CCP Technologies (ASX: CT1) slumped when it resumed trade for the first time in almost two weeks, after raising $576,592 in a share placement via the issuance of 44,353,252 new ordinary shares priced at 1.3 cents.
Here are the worst performing ASX small cap stocks for July 19-26 (intraday):
| Code | Name | Price last Friday | Price this Friday [intraday] | Total Return % | Market Cap |
|---|---|---|---|---|---|
| NET | NETLINKZ | 0.260 | 0.210 | -19.23% | $328,446,176 |
| CLA | CELSIUS RESOURCES | 0.031 | 0.025 | -19.35% | $18,930,452 |
| GOO | GOOROO VENTURES | 0.071 | 0.057 | -19.72% | $6,271,402 |
| VAL | VALOR RESOURCES | 0.005 | 0.004 | -20.00% | $7,572,769 |
| NWE | NORWEST ENERGY | 0.002 | 0.002 | -20.00% | $6,764,186 |
| OAU | ORA GOLD | 0.010 | 0.008 | -20.00% | $5,168,767 |
| JDR | JADAR LITHIUM | 0.010 | 0.008 | -20.00% | $3,843,517 |
| CZN | CORAZON MINING | 0.002 | 0.002 | -20.00% | $3,261,377 |
| SVD | SCANDIVANADIUM | 0.010 | 0.008 | -20.00% | $2,814,929 |
| SAU | SOUTHERN GOLD | 0.160 | 0.125 | -21.87% | $10,428,062 |
| RMI | RESOURCE MINING | 0.009 | 0.007 | -22.22% | $2,073,871 |
| VMG | VDM GROUP | 0.002 | 0.002 | -25.00% | $9,416,491 |
| DHR | DARK HORSE RESOURCES | 0.004 | 0.003 | -25.00% | $6,073,865 |
| LCY | LEGACY IRON ORE | 0.004 | 0.003 | -25.00% | $4,404,793 |
| PNN | PEPINNINI LITHIUM | 0.004 | 0.003 | -25.00% | $3,714,035 |
| TMX | TERRAIN MINERALS | 0.004 | 0.003 | -25.00% | $1,931,196 |
| AKN | AUKING MINING | 0.002 | 0.002 | -25.00% | $1,398,877 |
| SBR | SABRE RESOURCES | 0.004 | 0.003 | -25.00% | $1,220,921 |
| TCN | TECHNICHE | 0.037 | 0.027 | -27.03% | $5,689,422 |
| COY | COPPERMOLY | 0.007 | 0.005 | -28.57% | $8,615,217 |
| PBX | PACIFIC BAUXITE | 0.007 | 0.005 | -28.57% | $1,983,070 |
| ECS | ECS BOTANICS | 0.100 | 0.069 | -31.00% | $35,023,784 |
| CT1 | CCP TECHNOLOGIES | 0.018 | 0.012 | -33.33% | $5,886,244 |
| LKO | LAKES OIL | 0.002 | 0.001 | -33.33% | $33,354,412 |
| QGL | QUANTUM GRAPHITE | 0.003 | 0.002 | -33.33% | $15,321,162 |
| VIC | VICTORY MINES | 0.002 | 0.001 | -33.33% | $1,363,232 |
