On Stockhead today, how defence stocks are adapting for a post-pandemic world, one expert says 5 reasons why the oil crisis might not be over yet and why private equity reckons petrol stations are still the best bet.
But first…
The day ahead
Key economic data today will be led by Q1 wage growth figures from the ABS (11:30am EST).
The median forecast is for quarterly growth of 0.5 per cent, although Westpac doesn’t expect to see any impact from COVID-19. “Wages are usually slow to respond to labour market shifts,” the bank’s economics team said.
Westpac’s monthly consumer confidence survey is also due out, which is expected to remain subdued after sentiment suffered a pandemic-driven collapse in April.
The following companies are in trading halts and are expected to exit in the next two trading days:
Wednesday:
Wednesday:
Creso Pharma (ASX:CPH) – additional information to Monday’s announcement
Mesoblast (ASX:MSB) – capital raising
Alacer Gold (ASX:AQG) – M&A transaction
Schrole Group (ASX:SCL) – capital raising
Noxopharm (ASX:NOX) – capital raising
Thursday:
Ecofibre (ASX:EOF) – manufacturing agreement
AVZ Minerals (ASX:AVZ) – operational update
Regional Express (ASX:REX) – response to speculation
MG Unit Trust (ASX:MGC) – proposed liquidation
Alterra (ASX:1AG) – sale of property
Middle Island Resources (ASX:MDI) – capital raising
Taruga Minerals (ASX:TAR) – option acquisition
Xped (ASX:XPE) – funding announcement
Atomos (ASX:AMS) – capital raising
Volt Resources (ASX:VRC) – capital raising
Chalice Gold Mines (ASX:CHN) – capital raising
Markets
Gold: $US1,704.50 ($2,633.86) (+0.67%)
Silver: $US15.43 (-0.19%)
Oil (WTI): $US25.40 (+4.23%)
Oil (Brent): $US29.48 (-0.51%)
Coal: $US55.22 (+0.49%)
Iron 62pc Fe: $US91.67 (+3.5%)
AUD/USD: $US0.6472 (-0.26%)
Bitcoin: $US8,821.43 (+2.12%)
What got you talking yesterday
Over on the Stockhead Twitter page, readers took an interest in our news update on the Chinese car market, where car sales just had their first annual increase since June 2018.
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) on Stocks in Play:
Yesterday’s winners
Code Company Price % Change Volume VPR Volt Power Group 0.002 100.00% 716.67K MCT Metalicity 0.004 100.00% 30.08M SRN Surefire Resources 0.004 60.00% 6.97M VAL Valor Resources 0.002 50.00% 500.00K MGT Magnetite Mines 0.002 50.00% 2.18M NGY Nuenergy Gas Ltd 0.018 50.00% 130.67K AGE Alligator Energy Ltd 0.005 37.50% 81.56M HT8 Harris Technology 0.041 36.67% 13.86M AL8 Alderan Resources 0.032 33.33% 1.93M KFE Kogi Iron 0.045 32.35% 2.90M MIO Macarthur Minerals 0.17 30.77% 24.92K HIP Hipo Resources 0.014 27.27% 100.00K DXN DXN 0.015 36.36% 28.98M DLC Delecta Ltd 0.005 25.00% 130.00K TKM Trek Metals 0.016 23.08% 487.03K HNR Hannans Reward Ltd 0.006 20.00% 115.00K POW Protean Energy 0.006 20.00% 100.00K ERL Empire Resources Ltd 0.012 20.00% 354.12K PAA PharmAust Ltd 0.12 20.00% 22.74M IXR Ionic Rare Earths Ltd 0.006 20.00% 15.00K EGR Ecograf 0.068 19.30% 977.28K FNT Frontier Resources Ltd 0.011 22.22% 10.64M
Yesterday’s losers
Code | Company | Price | % Change | Volume |
---|---|---|---|---|
EXL | Elixinol Global | 0.315 | -33.68% | 5.02M |
ROG | Red Sky Energy | 0.001 | -33.33% | 15.20M |
CDT | Castle Minerals Ltd | 0.005 | -28.57% | 7.97M |
EPM | Eclipse Metals Ltd | 0.006 | -27.78% | 21.67M |
JPR | Jupiter Energy | 0.029 | -25.64% | 2.68M |
YPB | YPB Group Ltd | 0.003 | -25.00% | 25.00K |
PTR | Petratherm | 0.046 | -23.33% | 734.77K |
IBG | Ironbark Zinc Ltd | 0.008 | -20.00% | 774.82K |
CTO | Citigold Corporation | 0.004 | -20.00% | 200.00K |
CCA | Change Financial | 0.075 | -16.67% | 3.61M |
CE1 | Calima Energy | 0.005 | -16.67% | 5.39M |
MYR | Myer Holdings | 0.27 | -14.29% | 28.17M |
DVL | dorsaVi Ltd | 0.022 | -15.38% | 710.67K |
NTI | Neurotech Intl | 0.006 | -14.29% | 969.54K |
INP | Incentiapay | 0.012 | -14.29% | 624.11K |
ACB | A-Cap Energy | 0.012 | -14.29% | 1.73M |
NWC | New World Cobalt | 0.013 | -13.33% | 8.04M |
QFE | Quickfee | 0.295 | -13.24% | 1.21M |
IBX | Imagion Biosystems | 0.02 | -13.04% | 20.46M |