Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, the election oil and gas election policies that will affect ASX stocks, how the biotech community is fighting back against superbugs, and the carmakers moving away from dodgy DRC cobalt.
But first, here’s what you need to know about the week ahead.
The Reserve Bank of Australia has monthly and yearly figures on how much money the private sector is borrowing on Tuesday, while the Australian Industry Group also releases data on the manufacturing sector on the same day.
The RBA is busy again on Wednesday, with the commodity price index, an early indicator of export price changes.
On Thursday the Housing Industry Association has the latest on rates of home sales in the country, and the AIG has data on the services sector.
The Australian Bureau of Statistics is dropping data on building permits on Friday.
There are plenty of companies with shares coming out of escrow this week, and you can catch up on all of those here. We’ll keep you updated on who is releasing what on a daily basis.
Only four companies due out of a trading halt in the next 48 hours:
Gold: $US1,285.85 ($1,826.17) +0.70%
Silver: $US15.06 +0.84%
Oil (Brent): $US69.92 -3.10%
Oil (WTI): $US62.96 -0.52%
Coal: $US86.62 -0.67%
Iron ore 62pc fe: $US93.16 +0.02%
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These are the 10 biggest stories you may have missed on Stockhead last week.
No surprise that the upcoming federal election had people talking on the Stockhead Facebook chat forum. Senior journalist Rachel Williamson looked into the renewable energy policies that will affect ASX stocks.
Member Simon Quinn said: “Talking about energy anyone following 1414 degrees? 14D code. Only newish company and to the ASX. They just finished a project in SA working with SA water. I like their concept. Interesting to see how they go and grow.”
These were the five most-discussed stocks on trading gossip forum HotCopper at close on Friday:
— HotCopper (@HotCopper) April 26, 2019
Bellamy’s (ASX:BAL) was in the news thanks to a crucial piece of approval from China regarding its infant formula products.
Tinybeans (ASX:TNY) had an absolutely outstanding week with its shares rising 98 per cent to hit $1.19 on Friday.
The company, which has an app that allows parents to securely share pictures of their children with family and friends, announced the launch of a new content platform.
The new platform will allow Tinybeans to procure content from external sources, allowing for the proliferation of new information sources around parenting advice for the app’s 3.2 million users. At current prices, shares in TNY have now almost quadrupled from 27 cents in late February.
The ASX’s newest member, bug-fighting biotech Next Science (ASX:NXS), rose 30 per cent to $1.79, though the company released no significant news.
And ResApp (ASX:RAP) shares jumped 24 per cent to 15.5c this week after the company released positive results from an adult trial of its coughing app.
P2P Transport (ASX:P2P) had a week to forget, down 28 per cent to 29.5c. The company has announced, amongst other things, that both its chairman and CEO, Matthew Reynolds and Tom Varga, resigned effective immediately.
P2P banked $16.1 million in revenue for the March quarter, down from $20.1 million in the previous quarter.
HR tech company intelliHR (ASX:IHR) shed 31 per cent, down to 10c, though it had no news out, aside from a corporate presentation detailing how it plans to expand.
That’s all you need to know. Go go go!