Time for an early dip into the market. Image: Getty
Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, is Australia on top of this hydrogen thing, the most in-demand ASX stocks right now, and is there a sting in the Chimeric Therapeutics tale?
But first…
The day ahead
The All Ordinaries index of ASX shares had a weak finish to the trading week, closing Friday at 7,081 points, and down 0.5 per cent for the day.
Many markets in Asia were closed for the Lunar New Year or Spring festival holiday that carries on into the week of February 15.
Oil prices rebounded over the week to reach $US58.25 per barrel, a rise of 20 per cent since January 1.
Leading cryptocurrency Bitcoin blazed a trail last week, with its Australian dollar price surging past $60,000 for the first time.
Cryptocurrency analysts suggest the digital currency is headed higher as more and more companies climb on board and allow payment in cryptocurrency.
“Major payments provider Mastercard announced it will support digital assets directly via its own network, signalling yet another milestone for the industry,” eToro crypto market expert Simon Peters said.
“Bitcoin and its peers are, quite simply, going to be part of the mainstream financial universe sooner rather than later,” he said.
And added: “I expect demand to surge and see Bitcoin prices hitting at least $70,000 by the end of this year.”
TRADING HALTS
The following companies are in trading halts and are expected to exit over the next two trading days:
MONDAY
Silver Mines (ASX:SVL) – capital raising
Consolidated Zinc (ASX:CZL) – capital raising
Nearmap (ASX:NEA) – short seller response
TUESDAY
EMU (ASX:EMU) – capital raising
Tali Digital (ASX:TD1) – capital raising
Xplore Wealth (ASX:XPL) – shareholder meeting
Northern Minerals (ASX:NTU) – capital raising
Incannex Healthcare (ASX:IHL) – pre-clinical results
MARKETS
Gold: $US1,823.79 ($2,352.56) (-1.00%)
Silver: $US26.99 ($34.82) (0.00%)
Oil (WTI): $US57.91 (-1.31%)
Oil (Brent): $US60.82 (-1.06%)
Coal: $US81.50 (-0.49%)
Iron 62pc Fe: $US160.08 (+0.21%)
AUD/USD: $US0.7752 (+0.40%)
Bitcoin: $US48,204.31 (+7.07%)
What got you talking Friday
Stockhead readers were keen to know more about Singular Health Group’s (ASX:SHG) shares float on the ASX and what it means for the medical imaging sector.
Another story that caught readers’ interest was Reuben Adams’ story on how to build your own portfolio of ASX lithium stocks.
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 day for our daily 10 at 10 column — a live summary of winners & losers at the opening bell.
Friday’s winners
Stocks highlighted in yellow made market moving announcements
| CODE | NAME | PRICE | % CHANGE | VOLUME |
|---|---|---|---|---|
| SHG | Singular Health | 0.38 | 90 | 8,281,559 |
| TKL | Traka Resources | 0.027 | 59 | 44,153,853 |
| IOU | Ioupay Limited | 0.44 | 54 | 222,495,364 |
| ANW | Aus Tin Mining | 0.0015 | 50 | 30,400,000 |
| CLZ | Classic Min Ltd | 0.0015 | 50 | 2,940,000 |
| DOU | Douugh Limited | 0.25 | 47 | 44,361,981 |
| TTA | TTA Holdings Ltd | 0.022 | 47 | 40,000 |
| MXC | Mgc Pharmaceuticals | 0.065 | 38 | 143,817,940 |
| ACS | Accent Resources NL | 0.06 | 36 | 76,333 |
| FFT | Future First Tech | 0.076 | 29 | 3,092,851 |
| FGO | Fargo Enterprises | 0.005 | 25 | 28,764,321 |
| MLS | Metals Australia | 0.0025 | 25 | 10,413,903 |
| SI6 | SI6 Metals Limited | 0.021 | 24 | 53,471,197 |
| 1ST | 1St Group Ltd | 0.037 | 23 | 5,330,006 |
| FFG | Fatfish Group | 0.053 | 23 | 85,555,612 |
| CE1 | Calima Energy | 0.011 | 22 | 9,924,656 |
| SGC | Sacgasco Ltd | 0.11 | 22 | 29,413,710 |
| SRN | Surefire Rescs NL | 0.029 | 21 | 38,183,891 |
| KIS | King Island | 0.26 | 18 | 7,860,282 |
| COY | Coppermoly Limited | 0.02 | 18 | 4,264,947 |
| CLT | Cellnet Group | 0.135 | 17 | 1,701,663 |
| CL8 | Carly Holdings Ltd | 0.175 | 17 | 20,000 |
Friday’s losers
Stocks highlighted in yellow made market moving announcements
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| PCL | Pancontinental Oil | 0.001 | -50 | 546,001 |
| CCE | Carnegie Cln Energy | 0.002 | -33 | 26,168,217 |
| WML | Woomera Mining Ltd | 0.024 | -27 | 11,316,215 |
| AWJ | Auric Mining | 0.19 | -24 | 4,168,834 |
| GGX | Gas2Grid Limited | 0.01 | -23 | 27,165,835 |
| MSV | Mitchell Services | 0.455 | -20 | 4,600,505 |
| XPE | Xped Limited | 0.002 | -20 | 164,750 |
| 88E | 88 Energy Ltd | 0.009 | -18 | 111,979,983 |
| MPR | Mpower Group Limited | 0.095 | -17 | 828,601 |
| A3D | Aurora Labs Limited | 0.175 | -17 | 4,154,532 |
| MGL | Magontec Limited | 0.015 | -17 | 851,234 |
| GMR | Golden Rim Resources | 0.011 | -15 | 23,563,706 |
| DOR | Doriemus PLC | 0.039 | -15 | 11,265 |
| AFW | Applyflow Limited | 0.009 | -14 | 3,877,910 |
| AGY | Argosy Minerals Ltd | 0.15 | -14 | 17,504,221 |
| IRD | Iron Road Ltd | 0.3 | -14 | 76,758 |
| AZI | Alta Zinc Ltd | 0.006 | -14 | 15,332,931 |
| MRD | Mount Ridley Mines | 0.003 | -14 | 2,358,810 |
| AWN | AWN Holdings Limited | 1.2 | -14 | 86,017 |
| RMI | Resource Mining Corp | 0.019 | -14 | 178,709 |
| CVV | Caravel Minerals Ltd | 0.14 | -13 | 280,311 |
