Rise and Shine: What you need to know before the ASX opens
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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:
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
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
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%)
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”.
— 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.
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.