Rise and Shine: What you need to know before the ASX opens
Link copied to
On Stockhead today we look at the opportunity the plant-based meat market has to offer, why Tolga Kumova really likes Meteoric and we take a look at the performance of the health sector over the last fortnight.
But first here’s what you need to know.
Keep your eyes open for CBA’s Composite Purchasing Managers Index – due out at 9am.
But it’s a very busy day for earnings. There’s no shortage of large caps releasing earnings including Qantas (ASX:QAN) – which may also be accompanied by updates about its projects.
Among smaller caps we have buy now, pay later stock Zip (ASX:Z1P) and Rural Funds Group (ASX:RFR).
Rural will be of particular interest, coming a fortnight after it was attacked by a short-seller and plummeted, yet recovered with its rebuttal – both in words and actions.
The following companies are in trading halts and expected to exit in the next 48 hours.
Due out Thursday:
Blackearth Minerals (ASX:BEM) – capital raising
Fenix Resources (ASX:FEX) – resource estimate update
Echo Resources (ASX:EAR) – change of control transaction
Broken Hill Prospecting (ASX:BPL) – acquisition update
Due out Friday:
Moreton Resources (ASX:MRV) – company update
Steadfast Group (ASX:SDF) – capital raising
Weebit Nano (ASX:WBT) – capital raising
Prodigy Gold (ASX:PRX) – capital raising
Metalicity (ASX:MCT) – capital raising
Fraser Range Metals (ASX:FRN) – acquisition
Ruralco Holdings (ASX:RHL) – response to speculation
Gold: $US1503.19 ($2,217.58) -0.29%
Silver: $US17.15 +0.06%
Oil (Brent): $US60.55 +0.87%
Oil (WTI): $US56.15 -0.53%
Coal: $US67.20 -1.47%
Iron ore 62pc FE: $US92.00 -1.08%
AUD/USD: $US0.6783 +0.03%
Bitcoin: $US10,077.39 -6.63%
After a strong start to the week our markets retreated yesterday, the ASX Small Ords closed 0.12 per cent down at 2,816 points while the ASX 200 lost 0.94 per cent to 6,483 points. Both indexes recovered ground somewhat in the afternoon.
The most discussed stock in our Small and Micro Cap Chat Facebook group (which you can join here) was actually a large cap. Nearmap (ASX:NEA) continued to fall yesterday after its annual results and members debated as to whether or not this could continue.
These were the five most-discussed stocks at market close yesterday:
$A2M – A2 Milk
$NEA – Nearmap
$ADN – Andromeda Metals
$AUZ – Australian Mines
$STX – Strike Energy
Here is how our sectors performed:
Consumer Discretionary: -0.37%
Consumer Staples: -1.76%