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

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On Stockhead today, why telehealth is more in demand now than ever, how cryptocurrencies are reacting in the unfolding COVID-19 crisis and nickel explorers are firmly on investors’ radars after uncovering potentially big finds.

But first…

The week ahead

With the turning of the month this week we will begin to see economic data from March, the month the coronavirus took a stranglehold on the economy.

It begins on Wednesday with AIG & CBA’s performance of manufacturing indexes, CoreLogic’s house prices and Australia’s commodity index.

In February data, keep your eye out for private sector credit on Tuesday and monthly retail sales on Friday.

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

Monday:

IDP Education (ASX:IEL) – COVID impact
Fe (ASX:FEL) – sale transaction of iron ore royalty
Chesser Resources (ASX:CHZ) – capital raising
Alderan Resources (ASX:AL8) – capital raising
Saturn Metals (ASX:STN) – capital raising
Genetic Signatures (ASX:GSS) – COVID impact

Tuesday:

Legend Mining (ASX:LEG) – exploration results
G Medical Innovations (ASX:GMV) – registration status
Swift Media (ASX:SW1) – capital raising
Big Star Energy (ASX:BNL) – acquisition of mineral leases

Markets

Gold: $US1,623.30 ($2,640.23) (0.00%)

Silver: $US14.40 (+0.14%)

Oil (WTI): $US21.82 (-3.45%)

Oil (Brent): $US24.94 (-5.32%)

Coal: $US70.68 (+1.44%)

Iron 62pc Fe: $US88.49 (-0.12%)

AUD/USD: $US0.6148 (-0.32%)

Bitcoin: $US5,929.45 (-5.27%)

What got you talking last week

On Twitter it was all about resources. Last week began with a monster nickel discovery by Chalice Gold Mines (ASX:CHN) which has been compared to Sirius Resources’ Nova discovery back in 2012.

Reuben Adams caught up with managing director Alex Dorsch last week.

“Conductor E – where we drilled our first hole – ranks as #1 but there’s another very similar, potential feeder pipe-looking feature about 10km to the northeast,” @ChaliceGold's Alex Dorsch says #ASX #ausbiz #nickel $CHN https://t.co/NZuNsMqel9

— Stockhead (@StockheadAU) March 24, 2020

Also popular in resources last week was the Aussie dollar gold price hitting a fresh record and Ecuador-focused explorers.

Among other sectors, one particularly well read story was Sam Jacobs’ recap of the medtech small caps set to gain from the health sector going digital.

To keep up to date with Stockhead coverage, follow our Twitter page or sign up to our members-only Facebook group here.

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

Last week’s winners

Last week’s losers

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