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

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On Stockhead today, our latest V-Con on the rising copper sector, the top adopters of telehealth and the biggest ASX winners, and Nutritional Growth Solutions is heading for the ASX.

But first…

The day ahead

Today in economic data is quiet. However investors will be awaiting the Reserve Bank’s Statement on Monetary Policy tomorrow at 11.30am.

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

Thursday:

STEMify (ASX:SF1) – acquisition
Surefire Resources (ASX:SRN) – project acquisitions
Caprice Resources (ASX:CRS) – acquisition and capital raising
IntelliHR (ASX:IHR) – capital raising
Tubi (ASX:2BE) – capital raising
Elementos (ASX:ELT) – capital raisings

Friday:

Ragnar Metals (ASX:RAG) – proposed transaction
MGC Pharmaceuticals (ASX:MXC) – pre-clinical test results
Pantoro (ASX:PNR) – capital raising
Great Western Exploration (ASX:GTE) – capital raising
Global Oil and GAS (ASX:GLV) – capital raising
Nanoveu (ASX:NVU) – capital raising
Alicanto Minerals (ASX:AQI) – capital raising
Droneshield (ASX:DRO) – capital raising

Markets

Gold: $US2,038.45 ($2,834.33) (+0.57%)

Silver: $US26.96 ($37.49) (+3.18%)

Oil (WTI): $US42.19 (+1.20%)

Oil (Brent): $US45.18 (+1.69%)

Coal: $US56.70 (-1.08%)

Iron 62pc Fe: $US115.55 (+1.17%)

AUD/USD: $US0.7192 (+0.45%)

Bitcoin: $US11,678.03 (+4.16%)

What got you talking yesterday

Yesterday on Twitter the hot topic was buy now, pay later stock Splitit (ASX:SPT) raising another $90m.

The company said the extra cash would be used to fund “additional sales and marketing, and further investing in product and technology development”.

Splitit rounds out BNPL capital raising deluge with $90m placement $SPT #ASX #fintech https://t.co/ZWU3Cuqols pic.twitter.com/91nUfrh0iv

— Stockhead (@StockheadAU) August 5, 2020

Another popular article was our recap of Virgin Australia’s (ASX:VAH) recovery plan.

The plan will involve 3,000 job cuts as well as a fleet simplification but thankfully Velocity points and travel credits will be honoured. Yet its future on the ASX remains up in the air with a decision still a month away.

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.

Yesterday’s winners

Yesterday losers

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