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