Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, the 35 commodities that Donald Trump is doing wonders for, the hot recycling stocks one expert thinks will do well and Australia tries to get in on the Facebook Libra crypto action.
But first here’s what you need to know.
It’s a relatively quiet day on the data & events front, both locally and abroad.
Domestic data will be led by Q2 construction figures, which is expected to fall again due to the ongoing downturn in the residential construction cycle.
The following companies are due out of trading halts in the next 48 hours.
Freehill Mining (ASX:FHS) – capital raising
Macmahon Holdings (ASX:MAH) – Newcrest discussions update
Mali Lithium (ASX:MLL) – award of exploration permit
Pioneer Credit (ASX:PNC) – financial adjustments
SciDev (ASX:SDV) – commercial transaction
Cogstate (ASX:CGS) – commercial contract
Crowd Media Holdings (ASX:CM8) – major alliance & capital raising
Australian Potash (ASX:APC) – DFS
Platina Resources (ASX:PGM) – joint venture opportunity
Argent Minerals (ASX:ARD) – capital raising
Gold: $US1,541.49 ($2,282.67) +1.26%
Silver: $US18.18 -0.10%
Oil (Brent): $US59.59 +1.52%
Oil (WTI): $US55.66 +3.3%
Coal: $US66.30 -0.59%
Iron ore 62pc FE: $US82.35 -3%
AUD/USD: $US0.6754 -0.30%
Bitcoin: $US10,123.44 -1.6%
The ASX Small Ords gained ground to close 0.43 per cent higher, after a rocky start to the week which saw the index fall 1.11 per cent amid trade war fears on Monday.
These were the five most discussed stocks among ASX investors on Monday:
Strike Energy Ltd (ASX:STX) and Warrego Energy (ASX:WGO) turned heads yesterday, both surging higher after a big gas discovery at their 50/50 joint venture project in WA’s North Perth Basin.
Warrego CEO Dennis Donald said the discovery was “material and has the potential to convert the fields from exploration to production assets in short order”.
Strike Energy shares rose by more than 89 per cent, while Warrego shares closed 67.57 per cent higher.