Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, the number of domestic ASX-listed companies is at 13-year lows, but that’s not necessarily a bad thing, StockTalk: Remote working is driving a bandwidth and cloud services boom and 3 simple rules for investing in a volatile market.
This week’s most important economic data is jobs data due on Thursday.
This includes the unemployment rate for April, which is expected to rise from 5.2 per cent to 8.2 per cent, according to a Bloomberg survey of economists.
Also this week look out for NAB Business confidence on Tuesday and Westpac consumer confidence on Wednesday.
The following companies are in trading halts and are expected to exit in the next two trading days:
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
Keytone Dairy (ASX:KTD) – capital raising
Skin Elements (ASX:SKN) – lab results
NTM Gold (ASX:NTM) – mineral resource estimate
Golden Deeps (ASX:GED) – capital raising
PharmAust (ASX:PAA) – clinical trial results
THC Group (ASX:THC) – acquisition
Eclipse Minerals (ASX:EPM) – capital raising
Gold: $US1,700.65 ($2,602.37) (-0.99%)
Silver: $US15.45 (-0.32%)
Oil (WTI): $US24.74 (+5.05%)
Oil (Brent): $US30.97 (+5.13%)
Coal: $US54.23 (+0.00%)
Iron 62pc Fe: $US86.84 (+1.06%)
AUD/USD: $US0.6535 (+0.05%)
On Twitter, gold continued to be popular, particularly on Thursday when a number of Africa-focused small caps had news, including Tietto Minerals (ASX:TIE) which unveiled more high-grade gold.
In non-resources, one popular story was about AssetOwl (ASX:AO1), which provides virtual real estate inspections. While physical inspections are allowed again, this company thinks its tech is here to stay.
AssetOwl's CEO says it is not just not just about safety but saving time, money and hassle for property owners, managers and tenants https://t.co/dFWpvcMk1b
— Stockhead (@StockheadAU) May 6, 2020
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) on Stocks in Play: