Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, Kalgoorlie holds the promise of deep gold riches for those willing to ‘play detective, UBS on one of the toughest questions facing investors: how far do stocks have to fall? And industry, government both want COVID-19 test kits, but will they work?
The week in economic data is heavily front-ended. On Monday, look out for ANZ job advertisements and Melbourne Institute inflation expectations.
On Tuesday the ABS will release our trade balance and ANZ and Roy Morgan their weekly consumer confidence index. Additionally the Reserve Bank board will be holding its regular monthly meeting.
On Wednesday look out for home loan values – both for owner-occupiers and investors.
The following companies are in trading halts and are expected to exit in the next two trading days:
Cellmid (ASX:CDY) – capital raising
Core Lithium (ASX:CXO) – project update
DXN (ASX:DXN) – capital raising
Paradigm Biopharmaceuticals (ASX:PAR) – FDA review outcome
NextDC (ASX:NXT) – capital raising
Indiana Resources (ASX:IDA) – capital raising
Neometals (ASX:NMT) – joint venture transaction
Peak Resources (ASX:PEK) – capital raising
eSense-Lab (ASX:ESE) – capital raising
PolyNovo (ASX:PNV) – clinical trial results, update & funding
Alterra (ASX:1AG) – avocado development project
Gold: $US1,619.30 ($2,692.90) (+0.43%)
Silver: $US14.40 (-0.71%)
Oil (WTI): $US28.34 (+11.93%)
Oil (Brent): $US34.11 (+13.93%)
Coal: $US63.82 (-1.79%)
Iron 62pc Fe: $US82.38 (+0.80%)
AUD/USD: $US0.6017 (+0.33%)
Bitcoin: $US6,759.72 (-1.06%)
On Twitter it was all about battery metals. Explorers and producers alike were doing it tough even before the virus broke out but some industry analysts believe the bottom has been reached and the only direction is up.
“Investors are understandably cautious, and after having seen a few false starts they may miss the bottom whilst waiting for the herd — some of the sophisticated players, on the other hand, are moving now." #batterymetals #ASX $AVZ $BSX $INF $PLS $TLG https://t.co/jypZf5O5gh
— Stockhead (@StockheadAU) April 2, 2020
Also popular was news of the third West Australian nickel small cap in less than a fortnight to make a big hit. The latest winner was St George Mining (ASX:SGQ).
These were the most tipped stocks (weekly) on Stocks in Play: