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

On Stockhead today, two experts give their view on COVID-19’s impact on globalisation and Australia’s relationship with the rest of the world, the pandemic hasn’t held back Australia’s resources cash cow and can listed Aussie drug makers survive COVID-19?

But first…

The day ahead

Key events in Australia will be led by the RBA’s quarterly Statement on Monetary Policy (11:30am EST), where markets will be watching closely for what changes the bank will make to its central economic forecasts in the wake of COVID-19.

Looking abroad, all eyes will be on US employment data to end the week. The median forecast is for more than 20 million jobs to be lost in April, which would send US unemployment above 16 per cent.

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

Friday:

K2fly (ASX:K2F) – underwriting of options
Great Southern Mining (ASX:GSN) – capital raising
Fraser Range Metals Group (ASX:FRN) – capital raising

Monday:

Scorpion Minerals (ASX:SCN) – capital raising
RhinoMed (ASX:RNO) – capital raising
TNT Mines (ASX:TNT) – acquisition of uranium project
Exore Resources (ASX:ERX) – parting with minority interests
Sacgasco (ASX:SGC) – capital raising
ArchTIS (ASX:AR9) – capital raising
MGC Pharmaceuticals (ASX:MXC) – distribution agreement
Cellmid (ASX:CDY) – media article response

Markets

Gold: $US1,715.95 ($2,628.56) (+1.70%)

Silver: $US15.34 (+3.08%)

Oil (WTI): $US23.44 (-2.29%)

Oil (Brent): $US29.41 (-1.04%)

Coal: $US54.25 (+0.93%)

Iron 62pc Fe: $US83.29 (+0.28%)

AUD/USD: $US0.6495 (+1.48%)

Bitcoin: $US9,762.26 (+5.50%)

What got you talking yesterday

Rachel Williamson’s analysis of what it takes to build a successful listed medtech company — including a review of four ASX small-caps — got plenty of attention from our readers yesterday.

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

Also, be sure to check in at 10.20am each morning for our daily 10 at 10 column — a live summary of winners & losers at the opening bell.

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

Yesterday’s winners

Code	Company	Price	% Change	Volume
IPT	Impact Minerals Ltd	0.015	66.67%	292.69M
GGE	Grand Gulf Energy Ltd	0.005	66.67%	9.75M
VLT	Volt Resources	0.008	60.00%	16.00M
ELT	Elementos Ltd	0.003	50.00%	15.75M
CYQ	Cycliq	0.002	50.00%	8.19M
ARS	Alt Resources Ltd	0.042	44.83%	40.22M
BLZ	Blaze International Ltd	0.013	44.44%	800.21K
XCD	Xcd Energy	0.01	42.86%	44.12M
EXR	Elixir Petroleum	0.03	36.36%	4.22M
CZL	Consolidated Zinc	0.004	33.33%	438.39K
AGE	Alligator Energy Ltd	0.004	50.00%	132.25M
BPL	Broken Hill Prospecting Ltd	0.017	30.77%	663.88K
NCR	Nucoal Resources	0.009	28.57%	228.48K
GIB	GIBB River Diamonds	0.045	28.57%	356.02K
PKO	Peako	0.009	28.57%	204.67K
DXN	The Data Exchange Network	0.011	27.78%	4.93M
WWG	Wiseway	0.14	27.27%	269.94K
MKG	Mako Gold	0.053	26.19%	101.17K
BIQ	BuildingIQ Inc	0.005	25.00%	844.21K
SI6	Six Sigma Metals	0.003	25.00%	250.00K

Yesterday’s losers

Code	Company	Price	% Change	Volume
AAJ	Aruma Resources Ltd	0.002	-33.33%	100.00K
JPR	Jupiter Energy	0.037	-30.19%	2.70M
CUX	Crossland Strategic Metals	0.003	-25.00%	1.00M
AFR	African Energy Resources	0.022	-24.14%	204.65K
E2M	E2 Metals	0.145	-23.68%	1.00M
DLC	Delecta Ltd	0.004	-20.00%	1.50M
DHR	Dark Horse Resources	0.002	-20.00%	180.04K
AX8	Accelerate Resources	0.016	-20.00%	95.00K
MHC	Manhattan	0.009	-18.18%	18.82M
RDN	Raiden	0.005	-16.67%	3.64M
DDD	3D Resources Ltd	0.003	-16.67%	8.15M
AQD	Ausquest Ltd	0.011	-15.38%	5.16M
GED	Golden Deeps Ltd	0.011	-15.38%	17.30M
AUR	Auris Minerals	0.017	-15.00%	40.00K
OLI	Olivers Real Food	0.047	-14.55%	2.97M
TSC	Twenty Seven	0.006	-14.29%	2.21M
HNR	Hannans Reward Ltd	0.006	-14.29%	408.83K
KAS	Kasbah Resources	0.012	-14.29%	86.17K
GMV	G Medical Innovations	0.09	-14.29%	9.84M