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.
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.
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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 |