Rise and Shine: What you need to know before the ASX opens
Link copied to
On Stockhead today, Venturex Resources’ AJ on making the well-timed leap into copper production, how one successful Shark Tank start-up is planning to make it big and Tim Boreham ponders SomnoMed’s chances in the multi-billion sleep apnoea market.
But first here’s what you need to know.
Most economic data in Australia this week is about quarterly construction work done on Wednesday and building approvals on Friday.
But the CBA will be releasing spending intentions on Tuesday and APRA statistics on Friday.
In the US everyone will be looking for economic growth for the June quarter due on Thursday.
Back Down Under earnings season continues. Among the companies due to release earnings today are Amaysim (ASX:AYS), National Veterinary Care (ASX:NVL), Adairs (ASX:ADH) and Monash IVF (ASX:MVF).
The following companies are due out of trading halts in the next 48 hours.
Due out Monday:
Gateway Mining (ASX:GML) – capital raising
Bryah Resources (ASX:BYH) – capital raising
Saturn Metals (ASX:STN) – capital raising
G Medical Innovations (ASX:GMV) – NASDAQ update
Due out Tuesday:
American Pacific Borate (ASX:ABR) – project financing
Twenty Seven Co (ASX:TSC) – capital raising
Gold: $US1,544.41 ($2,305.52) +1.15%
Silver: $US17.60 +1.22%
Oil (Brent): $US58.55 -1.53%
Oil (WTI): $US53.23 -1.94%
Coal: $US67.30 +0.07%
Iron ore 62pc FE: $US92.88 0.16%
AUD/USD: $US0.6697 -0.87%
Bitcoin: $US10,065.64 -1.34%
In our small cap Facebook chat group (which you can join here) members talked last week about the future potential of Nearmap (ASX:NEA) and the plant-based meat industry, both generally and Roots’ (ASX:ROO) investment into it.
Our markets snapped a 2-week losing streak last week. The ASX Small Ords gained 1.65 per cent while the ASX 200 finished the week up 1.8 per cent.
These were the five most discussed stocks among ASX investors on Friday:
$CGB – Cann Global
$RAP – Resapp
$PLS – Pilbara Minerals
$STX – Strike Energy
$AGY – Argosy Minerals
Here’s how our sectors performed yesterday:
Consumer discretionary: +0.67%
Consumer staples: -0.05%