Rise and Shine: What you need to know before the ASX opens
All budgeted out? Don’t worry: coming up on Stockhead today, uh… everything you need to know about what’s in store for ASX small caps from last night’s Budget.
But first, here’s what you need to know right now:
Not a heap, though plenty of budget analysis will continue. What were your thoughts? Jump in on the chat at our Facebook page.
Today the Australian Bureau of Statistics releases data on retail sales, imports and exports.
Just one company releasing shares from escrow today: Bounty Mining (ASX:B2Y), with 2.3 million.
14 companies may come out of a trading halt in the next 24-48 hours:
Spirit Telecom investors could be forgiven for being a little confused. The company went into a trading halt pending the release of an announcement about an acquisition; it then announced that it was rejecting a bid to acquire it by Uniti Wireless (ASX:UWL), but it is yet to make an announcement about the acquisition of an unlisted company.
Gold: $US1,292.91 ($1,830.06) +0.28%
Silver: $US15.10 -0.10%
Oil (Brent): $US69.37 +0.71%
Oil (WTI): $US62.83 +1.82%
Coal: $US82.25 -1.00%
Iron ore 62% fe: $US87.52 +2.12%
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The market for oil and gas drilling rigs is tightening and Key Petroleum (ASX:KEY) MD Kane Marshall is hoping this is the start of a positive year for Australian oil companies. Join us on the Stockhead Facebook chat forum,
These were the five most-discussed stocks on trading gossip forum HotCopper at close on Tuesday:
— HotCopper (@HotCopper) April 2, 2019
Kina Petroleum (ASX:KPL) shares rose 30 per cent to 6c after the company announced that the Papua New Guinean government had approved a scheme of arrangement to re-domicile the company to the British Virgin Islands.
It will be delisted from the ASX in two weeks time.
XPD Soccer Gear Group (ASX:XPD) continued to move off the back of its annual report, released yesterday, rising 25 per cent to 2c.
And Jervois Mining (ASX:JRV) rose 22 per cent to 28c, on the back of an acquisition of eCobalt, creating New Jervois, a company with Australian, East Africa and US projects.
Plenty of movement, as you can see below, but very little in the way of news-based.
That’s all you need to know. Go go go!