Rise and Shine: What you need to know before the ASX opens
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But first, here’s what you need to know about the week ahead.
Wednesday will see the Reserve Bank of Australia release quarterly and yearly consumer price index data.
Next Friday, however, it ramps up, with the Australian Bureau of Statistics dropping import, export and commodities production figures.
And there are eight companies due out of a trading halt by the end of Wednesday April 24:
Gold: $US1,277.14 ($1,790.17) +0.13%
Silver: $US15.00 +0.37%
Oil (Brent): $US73.95 +2.97%
Oil (WTI): $US65.40 +1.39%
Coal: $US87.13 -0.85%
Iron ore 62% fe: $US92.91 -0.05%
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Battery metals had people chattering on the Stockhead Facebook chat forum.
Here’s member Mel Culley: “Announcement from BHP Nickel West yesterday, R&D federal funding from the government ‘Future battery industry cooperative research centre’ this does not mean BHP shares will fly, but more importantly this will keep everyone on their toes watching who takes the plunge first into getting a mega factory up and running, this will also lead on to the upstream miners providing additional nickel, cobalt, vanadium, lithium, for that market it will be also be prudent to follow developments in other battery possibilities, zinc, vanadium, thermal energy exciting times ahead.”
These were the five most-discussed stocks on trading gossip forum HotCopper at close on Thursday:
— HotCopper (@HotCopper) April 18, 2019
New board appointments was all it took for Neurotech (ASX:NTI) to win the week, up 271 per cent to 2.6c on Friday.
That came after a reveal earlier this month that one of its strategic advisers had lied about his qualifications.
Property tech company Assetowl Limited (ASX:AO1) caught the market’s attention, posting a lazy 225 per cent gain to 2.6 cents.
It followed an announcement that listed real estate agency The Agency Group Australia Ltd (ASX:AU1) will carry out a trial of Assetowl’s Inspector360 platform as part of its service offering.
The aim of the platform is to improve the real estate inspection process by providing 360-degree imagery, videos and hotspot mapping at individual properties.
Fintech Chain (ASX:FTC) rocketed 194 per cent to 13c on news that it has helped facilitate $83.4 million in transactions on its partner China Merchants Bank’ network on a limited trial basis in four selected Chinese provinces.
After TinyBeans’ (ASX:TNY) announced a deal with toy behemoth Lego, investors sent the stock up 50 per cent to 60c on Fridays.
Caeneus Minerals (ASX:CAD) looked like the week’s biggest loser, shedding 90 per cent to drop from 1c to 0.1c, but shareholders shouldn’t worry too much – the company underwent a 10-to-1 stock consolidation, reducing the number of shares on issue by a factor of 10.
Saferoads (ASX:SRH) dropped 34 per cent to 20.5c after announcing revenue and profit for FY19 would be lower than anticipated.
That’s all you need to know. Move along now.