Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, how to ‘recession proof’ your portfolio in the event of a market downturn, Zelira is worshipping at the FDA alter hoping it will smite enemies and panicked investors are pouring into gold….again.
Investors will be hoping for a rebound after the ASX had its worst day in over six months, shedding more than 2 per cent. In economic data, ANZ & Roy Morgan will release its weekly consumer confidence index as it does every Tuesday.
The following companies are in trading halts or voluntary suspensions and are expected to exit in the net 48 hours:
Holista CollTech (ASX:HCT) – clarification of announcement
Big Star Energy (ASX:BNL) – acquisition of new leases
Titomic (ASX:TTT) – capital raising
Strandline Resources (ASX:STA) – capital raising
Nusantara Resources (ASX:NUS) – financing term sheet update
De Grey Mining (ASX:DEG) – exploration update
Enterprise Metals (ASX:ENT) – potential new project
Protean Energy (ASX:POW) – energy licensing agreement
VMoto (ASX:VMT) – corporate transaction
Gold: $US1,658.41 ($2,511.36) (+0.94%)
Silver: $US18.59 (+0.20%)
Oil (WTI): $US51.26 (-4.01%)
Oil (Brent): $US56.02 (-3.63%)
Coal: $US66.77 (-1.23%)
Iron 62pc Fe: $US86.42 (+0.31%)
AUD/USD: $US0.6603 (-0.36%)
Bitcoin: $US9,608.59 (-2.67%)
While McGrath (ASX:MEA) is still in a turnaround phase from the property slump of 2018, it booked $48.9m in revenues in the last half of this financial year.
— Stockhead (@StockheadAU) February 24, 2020
Also popular was Bevis Yeo’s recap of the latest developments in the hydrogen sector.
These were the most tipped stocks (weekly) on Stocks in Play: