A rare Carnaby's black cockatoo. They often gather early morning. Image: Getty
Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, where to next for BNPL stocks, where’s the next health multi-bagger and who’s just gone big on battery graphite?
But first…
The day ahead
The All Ordinaries index finished trading Thursday up 0.8 per cent at 7,105 points, after taking Wall Street’s strong lead overnight.
Australia’s dollar rose to a three-year high at nearly 80 cents against the US currency on surging iron ore prices and positive economic sentiment.
Qantas (ASX:QAN) said it was aiming to resume some international flights from October and this sparked a lift for ASX travel sector stocks.
TRADING HALTS
The following companies are in trading halts and are expected to exit over the next two trading days:
Friday:
Fatfish (ASX:FFG) – Smart funding update
Adacel Technologies (ASX:ADA) – new contract award
AustChina (ASX:AUH) – price query
Torian Resources (ASX:TNR) – capital raising
Golden State Mining (ASX:GSM) – capital raising
MPower Group (ASX:MPR) – capital raising
Monday:
Enterprise Metals (ASX:ENT) – price query
Arrow Minerals (ASX:AMD) – joint venture formation
Roto-Gro (ASX:RGI) – query
Tombador Iron (ASX:TI1) – capital raising
Black Cat Syndicate (ASX:BC8) – milling facility acquisition
Redstone Resources (ASX:RDS) – capital raising
Avita Medical (ASX:AVH) – US capital raising
Afterpay (ASX:APT) – capital raising
Novonix (ASX:NVX) – capital raising
MARKETS
Gold: $US1,772.77 ($2,246.23) (-1.76%)
Silver: $US27.46 ($34.79) (-1.86%)
Oil (WTI): $US63.36 (+0.21%)
Oil (Brent): $US66.67 (-0.54%)
Coal: $US80.25 (+2.19%)
Iron 62pc Fe: $US165.02 (+0.30%)
AUD/USD: $US0.7891 (-0.95%)
Bitcoin: $US49,182.96 (+0.09%)
What got you talking yesterday
BNPL market leader Afterpay (ASX:APT) delivered its results for the December 2020-ended half year, and an impressive set of books they were too.
Sales were nearly $10bn for the period, and it grew its customer base to 13.1 million users, although it made a loss of $79.2m.
The company has ambitious expansion plans for the US and European markets, as do several other BNPL firms listed on the ASX.
BNPL as a sector has grown to a market value of $53bn, not bad for a business model that only started up five years ago.
Then there are six copper explorers that are primed for the big time as the metals super cycle gets underway for the years ahead.
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.
Yesterday’s winners
Stocks highlighted in yellow made market moving announcements
| Code | Company | Price | % | Volume | MktCap |
|---|---|---|---|---|---|
| PIL | Peppermint Inv Ltd | 0.032 | 191 | 563,360,693 | $15,218,549 |
| ANW | Aus Tin Mining | 0.002 | 100 | 41,422,836 | $7,962,318 |
| CLZ | Classic Min Ltd | 0.002 | 100 | 56,116,072 | $17,556,867 |
| SUH | Southern Hem Min | 0.057 | 63 | 4,380,642 | $8,555,391 |
| ECT | Env Clean Tech Ltd. | 0.0015 | 50 | 1,090,000 | $9,601,033 |
| LEX | Lefroy Exploration | 0.74 | 45 | 12,892,641 | $61,204,930 |
| CXM | Centrex Metals | 0.045 | 41 | 9,073,084 | $11,730,136 |
| ASP | Aspermont Limited | 0.034 | 36 | 9,576,140 | $57,722,251 |
| AQS | Aquis Ent Ltd | 0.475 | 28 | 6,836,147 | $13,216,095 |
| NAE | New Age Exploration | 0.014 | 27 | 28,544,197 | $13,057,335 |
| EM2 | Eagle Mountain | 0.52 | 27 | 2,316,314 | $63,395,380 |
| BEE | Broo Ltd | 0.019 | 27 | 25,037,652 | $14,186,294 |
| RLE | Real Energy Corp | 0.105 | 27 | 34,464,905 | $36,177,759 |
| ABX | Aust Bauxite Ltd. | 0.12 | 26 | 1,160,317 | $14,278,910 |
| ENT | Enterprise Metals | 0.025 | 25 | 5,723,688 | $10,883,637 |
| RNO | Rhinomed Ltd | 0.125 | 25 | 360,351 | $25,380,913 |
| AFR | African Energy Res | 0.02 | 25 | 1,009,004 | $9,967,370 |
| AOA | Ausmon Resorces | 0.01 | 25 | 9,489,532 | $5,445,275 |
| CCE | Carnegie Cln Energy | 0.005 | 25 | 348,882,724 | $48,233,400 |
| MLS | Metals Australia | 0.0025 | 25 | 1,207,000 | $8,381,807 |
| XPE | Xped Limited | 0.0025 | 25 | 926,782 | $4,385,724 |
| AMO | Ambertech Limited | 0.235 | 24 | 7,888,871 | $14,526,449 |
Yesterday’s losers
Stocks highlighted in yellow made market moving announcements
| Code | Company | Price | % | Volume | MktCap |
|---|---|---|---|---|---|
| ANL | Amani Gold Ltd | 0.001 | -33 | 50,345,000 | $16,180,495 |
| NCL | Netccentric Ltd | 0.195 | -33 | 962,157 | $76,125,000 |
| AUH | Austchina Holdings | 0.011 | -27 | 9,179,135 | $24,511,865 |
| SSM | Service Stream | 1.34 | -21 | 15,536,001 | $698,642,263 |
| VBC | Verbrec Limited | 0.17 | -21 | 321,594 | $43,006,294 |
| SRN | Surefire Rescs NL | 0.027 | -21 | 94,187,368 | $33,188,746 |
| CLT | Cellnet Group | 0.1 | -20 | 6,640,884 | $29,824,329 |
| TMK | Tamaska Oil Gas Ltd | 0.008 | -20 | 6,687,517 | $8,950,000 |
| FIN | FIN Resources Ltd | 0.017 | -19 | 33,296,383 | $6,125,520 |
| A3D | Aurora Labs Limited | 0.125 | -17 | 1,226,562 | $22,934,471 |
| BKY | Berkeley Energia Ltd | 0.575 | -17 | 314,793 | $178,437,740 |
| TTA | TTA Holdings Ltd | 0.025 | -17 | 416,666 | $4,122,702 |
| OEX | Oilex Ltd | 0.0025 | -17 | 5,178,869 | $12,500,328 |
| HRN | Horizon Gold Ltd | 0.41 | -16 | 10,734 | $43,021,386 |
| A2M | The A2 Milk Company | 8.76 | -16 | 31,077,780 | $7,760,242,492 |
| TAS | Tasman Resources Ltd | 0.052 | -16 | 1,045,823 | $37,891,440 |
| CUL | Cullen Resources | 0.023 | -15 | 2,201,968 | $8,097,777 |
| MRD | Mount Ridley Mines | 0.003 | -14 | 3,194,202 | $13,582,185 |
| CSX | Cleanspace Holdings | 6.34 | -14 | 154,200 | $567,633,885 |
| DCX | Discovex Res Ltd | 0.007 | -13 | 2,646,814 | $9,569,313 |
| E2M | E2 Metals | 0.39 | -12 | 235,301 | $66,641,378 |
