Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, why India isn’t China, the fake news behind lithium’s fall, and how men and women invest differently in ethical stocks.
But first here’s what you need to know
Today is the second day of Diggers and Dealers. Reuben Adams is still there covering the action and here is his Day 2 preview.
Back east, the RBA will be meeting today. While there’s little to no chance the board will cut interest rates again it is always fascinating to observe its commentary.
Also keep an eye on the ABS’ international trade data and ANZ’s update on job advertisements. CommSec told its clients it, “expect[s] a bumper trade surplus of $6 billion in July”.
Felt burnt out by quarterly season? Well now it’s full year earnings season, although at least results will gradually trickle in over the next few weeks instead of all coming through over two days.
Releasing full year earnings today is Zenith Energy (ASX: ZEN). Previous guidance has estimated its earnings between $24.5 million and $26.5 million.
The following companies are scheduled to come out of a trading halt or voluntary suspension over the next 48 hours:
Oakdale Resources (ASX: OAR) – capital raising
Rumble Resources (ASX: RTR) – acquisition
MGM Wireless (ASX: MWR) – distribution agreement
MRG Metals (ASX: MRQ) – capital raise
Opthea (ASX: OPT) – clinical trial results
Winchester Energy (ASX: WEL) – capital raise
Redbank Copper (ASX: RCP) – results of company review
Sun Resources (ASX: SUR) – capital raise
Sequoia Financial Group (ASX: SEQ) – capital raise
Blackstone Minerals (ASX: BSX) – exploration results
Gold: $US1,464.29 ($2,166.12) +1.63%
Silver: $US16.35 +1.11%
Oil (Brent): $US59.91 -2.99%
Oil (WTI): $US54.89 -1.19%
Coal: $US73.95 -1.27%
Iron ore 62pc fe: $US106.51 -4.92%
AUD/USD: $US0.6758 +0.03%
Yesterday in our Small Cap Facebook group (apply to join here) members were keen on Medlab Clinical (ASX: MDC). Yesterday it signed a Heads of Agreement with a US manufacturer to enter the market.
These were the five most discussed stocks among ASX investors on Monday August 5:
$FMG – Fortescue Metals
$ADN – Andromeda Metals
$GXY – Galaxy Resources
$LYC – Lynas Corp
$BRU – Buru Energy
Yesterday the ASX Small Ords lost nearly 2.5 per cent, the biggest drop in nine-and-a-half months. But there were still some winners yesterday.
One was Golden Rim Resources (ASX: GMR), closing 73 per cent higher than Friday with some spectacular results.
That’s all you need to know. Let the day begin.