Rise and Shine: What you need to know before the ASX opens
Link copied to
On Stockhead today, Asia has its eye on Aussie infant formula players — and it’s paying a premium, the aged care sector is set to boom but more entrants are needed and there will only be enough lithium for VW and Tesla by 2023.
Today the Reserve Bank will release the minutes of its meeting a fortnight ago. These go into more detail than the statement released on the day of its meeting and will give investors clues as to if or when another rate cut will come.
Also the Australian Bureau of Statistics will release its house price index for the second quarter at 11.30am.
The following companies are in trading halts or suspensions and are expected to exit within the next 48 hours:
Pacific Energy (ASX:PEA) – proposed control transaction
Cynata Therapeutics (ASX:CYP) – Fujifilm offer
Thorn Group (ASX:TGA) – capital raising
Corazon Mining (ASX:CZN) – capital raising
K2FLY (ASX:K2F) – capital raising
Meteoric Resources (ASX:MEI) – significant assay results
Proteomics International (ASX:PIQ) – development update
Stonehouse Energy (ASX:SHE) – response to ASX queries
Titanium Sands (ASX:TSL) – resource report
Liquified Natural Gas (ASX:LNG) – additional detail on Vietnam LNG project
Creso Pharma (ASX:CPH) – proposed acquisition
Gold: $US1,501.84 ($2,186.97) +0.71%
Silver: $US17.87 +2.50%
Oil (Brent): $US67.96 +12.84%
Oil (WTI): $US61.89 +12.63%
Coal: $US71.90 +2.03%
Iron ore 62pc FE: $US94.37 -0.42%
AUD/USD: $US0.6866 +0.01%
Bitcoin: $US10,278.83 -0.24%
Oil was the talking point on Twitter:
The lift in the price of #oil 🛢️ to six month highs on the threat of Middle East supply disruptions has breathed life into a sector that had been in the doldrums for several months $STX $WGO $MAY $MEL #ASX #ausbiz https://t.co/IOcbNSrLcZ
— Stockhead (@StockheadAU) September 16, 2019
…and in our Small and Micro cap chat group (which you can join here). Members and our broader readership enjoyed our inaugural Wildcatter Podcast, hosted by Peter Strachan.
These were the five most-tipped stocks on Stocks in Play: