On Stockhead today, the metals more precious than gold inside your car, exploration spending in Australia is through the roof, and the hottest ETFs in Australia right now.

But first…

 

The day ahead

The All Ordinaries index teetered on the brink of 7,000 points at the close of Thursday trade after losing nearly 1 per cent.

There was a large sell-off in US stocks overnight, as the tech heavy Nasdaq index dropped 2.7 per cent to its lowest point since early January.

The Nasdaq market’s pullback means the index is only 1 per cent up since the start of the year, having nearly erased all of its gains since January.

The US 10-year Treasury bond was yielding 1.48 per cent Thursday having ticked slightly higher.

Stock pickers will be nervously watching the US markets’ Thursday trading session.

 

TRADING HALTS

The following companies are in trading halts and are expected to exit over the next two trading days:

Friday:

Credit Intelligence (ASX:CI1) – capital raising
ioneer (ASX:INR) – capital raising
Kula Gold (ASX:KGD) – capital raising

Monday:

Elixinol (ASX:EXL) – potential transaction
Noronex (ASX:NRX) – JORC estimate
Dart Mining (ASX:DTM) – drilling results
Tasman Resources (ASX:TAS) – drilling update
BPH Energy (ASX:BPH) – price query

 

 

MARKETS

Gold: $US1,697.36 ($2,198.05) (-0.79%)

Silver: $US25.32 ($32.80) (-2.93%)

Oil (WTI): $US64.13 (+4.65%)

Oil (Brent): $US67.06 (+4.68%)

Coal: $US83.90 (-0.59%)

Iron 62pc Fe: $US174.94 (+0.47%)

AUD/USD: $US0.7792 (-0.40%)

Bitcoin: $US48,150.54 (-5.79%)

 

What got you talking yesterday

Stockhead readers liked Nick Sundich’s story on how he managed to earn loads of Qantas frequent flyer points while many of its aircraft were grounded for COVID.

Rise and Shine

 

Readers also liked Reuben Adams’ analysis of the top winning stocks in February, including his tribute to Stanley Kubrick’s The Shining starring Jack Nicholson.

Rise and Shine

 

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

 

Yesterday’s losers

Stocks highlighted in yellow made market moving announcements