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

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On Stockhead today, how gold hedging impacts shareholder returns, the COVID-crisis strikes leaving just nine health stocks in the black and pot sales go through the roof as cannabis aficionados stock up ahead of potential quarantine.

But first…

The day ahead

Today at 11.30am we’ll see monthly jobs data released. This includes the unemployment rate and labour force participation rate.

But more eyes will be on the Reserve Bank, which will make a policy announcement at 2.30pm today with further detail on the measures it will take to minimise the damage of the coronavirus on the Australian economy.

The following companies are in trading halts or voluntary suspensions and are expected to exit in the next 48 hours:

Thursday:

Chalice Gold Mines (ASX:CHN) – drilling results
Impression Healthcare (ASX:IHL) – supply agreement
Regional Express (ASX:REX) – revised profit guidance
Ardent Leisure Group (ASX:ALG) – response to COVID-19 regulations
SomnoMed (ASX:SOM) – trading condition update
TBG Diagnostics (ASX:TDL) – certification of diagnostic kit

Friday:

Arrow Minerals (ASX:AMD) – capital raising
DXN (ASX:DXN) – capital raising
Pacific Star Network (ASX:PNW) – COVID-19 update
Liquefied Natural Gas (ASX:LNG) – funding arrangement

Markets

Gold: $US1,490.60 ($2,572.33) (-3.32%)

Silver: $US12.02 (-6.28%)

Oil (WTI): $US22.30 (-16.98%)

Oil (Brent): $US26.16 (-8.60%)

Coal: $US66.95 (+0.68%)

Iron 62pc Fe: $US89.95 (-0.04%)

AUD/USD: $US0.5798 (-3.37%)

Bitcoin: $US5,348.95 (-1.05%)

What got you talking yesterday

Each day, around 20 minutes after the ASX opens we put out a recap of the best performing stocks in early trade. Yesterday’s was the most popular on Twitter likely because the leader was up 250 per cent in just 15 minutes.

It was beauty clinic salon operator Wellness & Beauty Solutions (ASX:WNB) which told shareholders it is now entering the hand sanitiser business.

Wellness & Beauty Solutions climbed as much as 250% with news it was jumping on the sanitiser bandwagon https://t.co/MmLoBgL8gU $WNB

— Stockhead (@StockheadAU) March 17, 2020

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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