On Stockhead today, medtechs set to rise on vaccination, who’s releasing 7 million shares soon, and which goldie’s looking good right now?

But first…

 

The day ahead

The All Ordinaries index carried on its gentle downward journey since Monday’s recent peak of 7,065 points and closed at 6,947 points Wednesday, down 0.7 per cent on day.

The Australian dollar was trading at 77 US cents mid-week, and is down 2 cents from mid-February, when it nearly hit its January 2018 high of 81 US cents.

A slippage in Chinese iron ore futures prices to a one-month low of $US158.40 per tonne was enough to trigger some profit-taking in certain iron ore stocks.

Iron ore futures prices soon overcame their jitters later in the day and were trading at $US165 per tonne for May settlement.

Eyes will be on whether US stocks can maintain their stellar performance of Tuesday when the Nasdaq index soared by nearly 4 per cent, and Tesla rose nearly 20 per cent on day.

 

 

TRADING HALTS

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

 

Thursday:

Golden Mile Resources (ASX:G88) – capital raising
Carnavale Resources (ASX:CAV) – capital raising
IODM (ASX:IOD) – Western Union partnership update
Western Areas (ASX:WSA) – capital raising
Cohiba (ASX:CHK) – exploration results
New Century Resources (ASX:NCZ) – auditor update
Insurance Australia Group (ASX:IAG) – impact of Greensill’s insolvency

 

Friday:

Aldoro Resources (ASX:ARN) – FLTEM survey
Hexagon Energy (ASX:HXG) – change to nature of activities
Jindalee Resources (ASX:JRL) – final assay results from drilling program

 

 

MARKETS

Gold: $US1,725.22 ($2,230.90) (+0.57%)

Silver: $US26.17 ($33.83) (+1.07%)

Oil (WTI): $US64.56 (+0.87%)

Oil (Brent): $US68.00 (+0.73%)

Coal: $US82.80 (+1.60%)

Iron 62pc Fe: $US168.44 (+0.01%)

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

Bitcoin: $US56,325.00 (+4.20%)

 

What got you talking yesterday

Stockhead readers liked reading about how many American investors look to Elon Musk and his Twitter feed for investment ideas on everything from cryptocurrencies to stocks.
Rise and Shine

 

And, with China’s government setting out its plans for the new five years and beyond, Beijing appears to be preparing for another big iron ore and commodities intensive infrastructure spend.
Rise and Shine

 

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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
APG Austpac Resources NL 0.004 100 241,223,011
BAS Bass Oil Ltd 0.002 100 4,770,000
ASO Aston Minerals Ltd 0.058 71 153,732,284
ANL Amani Gold Ltd 0.0015 50 1,859,052
BRK Brookside Energy Ltd 0.022 38 214,832,186
VIA Viagold Rare Earth 0.08 31 50,000
CXM Centrex Metals 0.066 27 5,212,607
OEX Oilex Ltd 0.0025 25 1,701,685
HSN Hansen Technologies 5.21 24 1,908,778
SHE Stonehorse Energy Lt 0.026 24 40,404,129
HRN Horizon Gold Ltd 0.48 21 29,944
AVW Avira Resources Ltd 0.006 20 28,762,147
KNM Kneomedia Limited 0.012 20 1,695,355
MPR Mpower Group Limited 0.125 19 2,560,671
JAN Janison Edu Group 0.7 19 775,904
KIN KIN Min NL 0.13 18 2,349,243
OKJ Oakajee Corp Ltd 0.065 18 4,384
OSP Osprey Med Inc 0.02 18 14,024,060
MAN Mandrake Res Ltd 0.17 17 6,040,141
LAM Laramide Res Ltd 0.62 17 10,666
TIG Tigers Realm Coal 0.007 17 186,875

 

Yesterday’s losers

Stocks highlighted in yellow made market moving announcements
Code Company Price % Volume
CHK Cohiba Min Ltd 0.017 -64 185,407,976
AUH Austchina Holdings 0.011 -45 34,182,220
ECT Env Clean Tech Ltd. 0.001 -33 200,000
FPL Fremont Petroleum 0.004 -20 25,017,435
NPM Newpeak Metals 0.002 -20 12,795,000
UUV UUV Aquabotix Ltd 0.002 -20 342,340
TKL Traka Resources 0.014 -18 3,819,620
AZI Alta Zinc Ltd 0.005 -17 2,280,000
YPB YPB Group Ltd 0.0025 -17 36,815,622
ZEU Zeus Resources Ltd 0.029 -15 964,384
LRS Latin Resources Ltd 0.053 -15 66,433,413
PEX Peel Mining Limited 0.265 -15 1,403,390
TPD Talon Petroleum Ltd 0.006 -14 106,902,794
AOU Auroch Minerals Ltd 0.19 -14 3,746,231
WSA Western Areas Ltd 2.03 -13 12,140,583
GEN Genmin 0.295 -13 8,665,329
VAR Variscan Mines Ltd 0.027 -13 716,667
RFX Redflow Limited 0.069 -13 23,073,957
MTB Mount Burgess Mining 0.007 -13 150,000
TYX Tyranna Res Ltd 0.007 -13 1,285,624
VAL Valor Resources Ltd 0.007 -13 1,325,901