Rise and Shine: What you need to know before the ASX opens

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On Stockhead today — the ASX small caps searching for the next major deposit in mineral-rich PNG, virus fighting robot tanks, and why gold is a good store of value amid coronavirus chaos.

But first …

The day ahead

Today in economic data look out for January’s monthly retail sales figures at 11.30am. Also to be released is Australia’s foreign reserves figures, due out at 4.30pm.

The following companies are in trading halts and are expected to exit in the next couple of days:

Friday:

BPH Energy (ASX:BPH) – Cortio Dynamics investment
Graphex Mining (ASX:GPX) – capital raising
Eagle Health Holdings (ASX:EHH) – business update
Race Oncology (ASX:RAC) – strategic investor
Tesoro Resources (ASX:TSO) – exploration results

Monday:

Selfwealth (ASX:SWF) – capital raising
Consolidated Zinc (ASX:CZL) – capital raising
Medlab Clinical (ASX:MDC) – clinical trial result

Markets

Gold: $US1,674.95 ($2,474.51) (+2.30%)

Silver: $US17.46 (+1.26%)

Oil (WTI): $US45.80 (-2.68%)

Oil (Brent): $US49.84 (-3.05%)

Coal: $US67.10 (+0.98%)

Iron 62pc Fe: $US89.63 (+2.86%)

AUD/USD: $US0.6602 (-0.38%)

Bitcoin: $US9,084.26 (+4.3%)

What got you talking yesterday

Earlier this week we joined a UBS analyst call. The investment bank reckons the fall in Chinese tourism is enough to send Australia into recession if it persists into next quarter.

The reduction in Chinese tourism alone is enough to send the Australian economy into recession, says UBS https://t.co/HiPJNmuHaP #ausecon

— Stockhead (@StockheadAU) March 5, 2020

Also popular yesterday was our recap of the most hotly tipped gold stocks on the ASX by analysts.

We have a small and micro cap Facebook chat group. If you’re not already a member we’d love to have you join – which you can here.

These were the most tipped stocks (weekly) on Stocks in Play:

Yesterday’s winners

Yesterday’s losers

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