Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, the South Americans want to set up an OPEC for lithium, expert stock picks in the hot copper space, and the election renewable energy policies that will affect ASX stocks.
But first, here’s what you need to know about the week ahead.
Today you should be hanging out for the Export and Import price index as well as Australia’s Producer Price Index (PPI) Finished Goods — both include year-on-year and quarterly data.
Both are sent out by the Australian Bureau of Statistics (ABS).
There are no shares coming out of escrow today, but there are six companies due out of a trading halt either today or on Monday.
Gold: $US1,277.03 ($1,820.34) +0.14%
Silver: $US14.91 +0.02%
Oil (Brent): $US74.12 +2.99%
Oil (WTI): $US65.08 +1.70%
Coal: $US87.20 -0.46%
Iron ore 62pc fe: $US92.95 -0.36%
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Newcomers on the Stockhead Facebook chat forum were keen to share their views on what they think — or hope — will be hot over the next few months.
These were the five most-discussed stocks on trading gossip forum HotCopper at close on Wednesday, April 24:
— HotCopper (@HotCopper) April 24, 2019
Consolidated Zinc (ASX:CZL) came out of a trading halt with a maiden ore reserve for the Plomosas Mine of 73,850 tonnes at 13.82 per cent zinc, 2.38 per cent lead and 17.86g/t silver.
MRG Metals (ASX:MRQ) presented an airborne magnetic and radiometric geophysical survey “on time and on budget” which sent them up 50 per cent.
And Gas2Grid (ASX:GGX) issued a quarterly report that says expenses in the next quarter are expected to eat half of their remaining cash.
Alloy Resources (ASX:AYR) dipped after issued the docs for its $750,000 capital raising.
Minrex Minerals (ASX:MRR) reported that it spent $21,000 on exploration and evaluation in the March quarter, and $139,000 on admin.
That’s all you need to know. Move along now.