Rise and Shine: What you need to know before the ASX opens
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This morning in economic data we’ll see monthly retail sales for November. This will take into account the Black Friday sales.
Also keep an eye out for the AiG’s Performance of Services Index which measures business conditions in the services sector.
The following companies are in trading halts and are expected to exit in the next 48 hours:
Elsight (ASX:ELS) – capital raising
Consolidated Zinc (ASZ:CZL) – mining contractor update
Anglo Australian Resources (ASX:AAR) – capital raising
Quantify Technology Holdings (ASX:QFY) – capital raising
Challenger Exploration (ASX:CEL) – capital raising
Austar Gold (ASX:AUL) – capital raising
Gold: $US1,548.74 ($2,259.52) (-0.43%)
Silver: $US187.87 (-1.50%)
Oil (WTI): $US59.61 (+0.10%)
Oil (Brent): $US65.50 (+0.99%)
Coal: $US71.20 (+2.85%)
Iron 62pc Fe: $US94.61 (+0.94%)
AUD/USD: $US0.6855 (-0.16%)
Bitcoin: $US7,845.55 (-1.10%)
The broader lithium sector may be struggling but Lake Resources (ASX:LKE) revealed its technology works like a treat. It produces lithium good enough to use in batteries.
The stock surged over 60 per cent yesterday morning and got the most attention on Twitter.
Lake soared +60% after confirming its disruptive lithium brine processing tech really works; and Argosy has received official approval to develop an initial ~2000-tonne-per-annum (tpa) operation at Rincon $LKE $AGY #ASX #ausbiz #battery metals https://t.co/BtCmnaFhTg
— Stockhead (@StockheadAU) January 9, 2020
Over in our Facebook Small and Micro cap chat group we welcomed several new members. If you’re not already a member we’d love to have you join – which you can do here.
These were the most tipped stocks (weekly) on Stocks in Play: