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Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, we run you through the finer details of quantum computing and its investment prospects, China is diving into the crypto space (but with a catch) and the Secret Broker gives his perspective on the similarities between Master Chefs and iron ore magnates.
But first:
The day ahead
The ABS will release July building approvals at 11:30am AEST, which are expected to continue their decline as part of the ongoing residential construction slowdown.
Also at 11:30am, the RBA will release monthly data on private sector credit, which earlier this year showed loans to housing investors fell to an all-time low.
Local stocks look set to open higher after US markets gained more than one per cent amid another round of optimism over US-China trade talks.
Later tonight, the US will get personal income and expenses data for July, which includes the PCE inflation print — the preferred inflation measure of the US Fed.
Core PCE inflation is expected to remain steady at 1.6 per cent, below the Fed’s 2-3 per cent target range.
The Eurozone economy will also get two key data updates with July unemployment numbers and the August CPI print.
Company news
The following companies are due out of trading halts in the next 48 hours.
Friday:
Lustrum Metals (ASX:LRM) – project and ASX query review
Novita Healthcare (ASX:NHL) – capital raising
Silver Chef (ASX:SIV) – shareholder discussion
Monday:
Investigator Resources (ASX:IVR) – capital raising
Greenpower Energy (ASX:GPP) – capital raising
Syndicated Metals (ASX:SMD) – capital raising
Lake Resources (ASX:LKE) – capital raising
Pacifico Minerals (ASX:PMY) – capital raising
Smart Marine Systems (ASX:SM8) – contract award
Victory Mines (ASX:VIC) – capital raising
Todd River Resources (ASX:TRT) – capital raising
Pilbara Minerals (ASX:PLS) – response to speculation
Valor Resources (ASX:VAL) – response to ASX query letter
Markets
Gold: $US1,527.50 ($2,270.19) -0.68%
Silver: $US18.26 -0.01%
Oil (Brent): $US60.39 +0.05%
Oil (WTI): $US56.63 +1.52%
Coal: $US65.45 -0.84%
Iron ore 62pc Fe: $US81.47 -1.2%
AUD/USD: $US0.6728 -0.03%
Bitcoin: $US9,538.52 -1.39%
What got you talking yesterday
The ASX 200 started in the red but managed to claw back above even on the day to close 0.1 per cent higher, while the Small Ords lagged slightly for a loss of 0.4 per cent.
These were the five most discussed stocks among ASX investors on Thursday:
$PLS – Pilbara Minerals
$LTR – Liontown Resources
$AJM – Altura Mining
$CGB – Cann Global
$GXY – Galaxy Resources
Yesterday’s winners
Health tech company Total Brain (ASX:TTB) and energy tech play BidEnergy (ASX:BID) both held their gains from morning trade, after announcing partnership agreements with large multinationals.
Here are the best performing ASX small caps as at market close on August 29:
| Code | Name | Price | % Chg | Market Cap | Volume |
|---|---|---|---|---|---|
| CAD | Caeneus Minerals Ltd | 0.002 | +100.00% | $4.3M | 250.0k |
| ABL | Abilene Oil and Gas Ltd | 0.003 | +50.00% | $1.2M | 714.9k |
| TTB | Total Brain Ltd | 0.04 | +45.83% | $27.2M | 50.7M |
| BID | BidEnergy Ltd | 0.69 | +39.80% | $79.1M | 1.4M |
| AOA | Ausmon Resources Ltd | 0.004 | +33.33% | $2.2M | 125.0k |
| CAV | Carnavale Resources Ltd | 0.004 | +33.33% | $5.9M | 831.2k |
| RXH | Rewardle Holdings Ltd | 0.004 | +33.33% | $2.1M | 45.0k |
| UTR | Ultracharge Ltd | 0.004 | +33.33% | $2.1M | 700.0k |
| WGO | Warrego Energy Ltd | 0.38 | +30.51% | $243.1M | 17.5M |
| SRN | Surefire Resources NL | 0.009 | +28.57% | $4.5M | 39.0M |
| LMW | LandMark White Ltd | 0.14 | +27.27% | $21.8M | 584.9k |
| 8IH | 8I Holdings Ltd | 0.09 | +25.00% | $30.8M | 67.8k |
| SI6 | Six Sigma Metals Ltd | 0.005 | +25.00% | $3.2M | 5.7M |
| CGB | Cann Global Ltd | 0.03 | +24.00% | $95.9M | 34.1M |
| SGC | SACGASCO Ltd | 0.03 | +22.73% | $7.2M | 706.9k |
| ERL | Empire Resources Ltd | 0.011 | +22.22% | $6.8M | 934.1k |
| CZN | Corazon Mining Ltd | 0.003 | +20.00% | $4.9M | 61.0M |
| PPY | Papyrus Australia Ltd | 0.006 | +20.00% | $1.4M | 67.4k |
| TLM | Talisman Mining Ltd | 0.12 | +20.00% | $22.3M | 9.8M |
| BYE | Byron Energy Ltd | 0.38 | +19.05% | $264.5M | 9.4M |
Yesterday’s losers
| Code | Name | Price | % Chg | Market Cap | Volume |
|---|---|---|---|---|---|
| SUR | Sun Resources NL | 0.002 | -33.33% | $2.6M | 1.5M |
| RGL | Riversgold Ltd | 0.014 | -26.32% | $1.4M | 4.4M |
| MEB | Medibio Ltd | 0.012 | -25.00% | $11.9M | 32.6M |
| 8VI | 8VIC Holdings Ltd | 0.3 | -25.00% | $12.2M | 580k |
| KGM | KalNorth Gold Mines Ltd | 0.008 | -20.00% | $7.2M | 100.0k |
| CTO | Citigold Corp Ltd | 0.004 | -20.00% | $8.6M | 1.3M |
| CI1 | Credit Intelligence Ltd | 0.013 | -18.75% | $12.2M | 200.0k |
| CCZ | Castillo Copper Ltd | 0.013 | -18.75% | $8.3M | 4.0M |
| SKN | Skin Elements Ltd | 0.02 | -18.52% | $3.6M | 13.2k |
| PWN | Parkway Minerals NL | 0.005 | -16.67% | $3.5M | 1.1M |
| PCH | Property Connect Holdings Ltd | 0.0025 | -16.67% | $1.7M | 350.0k |
| GTG | Genetic Technologies Ltd | 0.005 | -16.67% | $14.7M | 2.0M |
| GLV | Global Vanadium Ltd | 0.0025 | -16.67% | $7.8M | 3.4M |
| PGM | Platina Resources Ltd | 0.04 | -16.28% | $9.5M | 1.3M |
| PGY | Pilot Energy Ltd | 0.02 | -16.00% | $1.7M | 868.0k |
| GED | Golden Deeps Ltd | 0.02 | -14.81% | $4.9M | 636.4k |
| DTI | DTI Group Ltd | 0.03 | -14.29% | $6.5M | 51.1k |
| RNX | Renegade Exploration Ltd | 0.003 | -14.29% | $2.1M | 105.0k |
| NOR | Norwood Systems Ltd | 0.003 | -14.29% | $6.2M | 100.0k |
| GMC | Gulf Manganese Corp Ltd | 0.006 | -14.29% | $29.6M | 6.8M |
