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Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, is it time to buy some Bellevue, how invest in forex markets, and why Craig Burton is still big on oil.
But first…
The day ahead
The All Ordinaries index finished Wednesday’s trading session at 7,048, down 31 points from Tuesday. Communications and technology sectors edged higher.
The broad index of Australian shares has been stuck in a sideways range since mid-December that has kept the All Ords index trading around 7,000 points.
The Dow Jones Industrial Average is pushing ahead of its record high of 32,953 points reached on Monday.
The Nasdaq index for tech stocks like Tesla peaked at an all-time high of 14,000 points in mid-February, and is slightly down on Tuesday’s week-high of 13,471 points.
US 10-year Treasury bond yields inched up to 1.63 per cent in Wednesday trade before US markets opened.
TRADING HALTS
The following companies are in trading halts and are expected to exit over the next two trading days:
Thursday
Helios Energy (ASX:HE8) – s.708A(5)(e) breach verification
Armour Energy (ASX:AJQ) – capital raising
Minotaur Exploration (ASX:MEP) – market update
Australian Pacific Coal (ASX:AQC) – capital raising
Adherium (ASX:ADR) – capital raising
Strandline Resources (ASX:STA) – project financing
Andromeda Metals (ASX:ADN) – market update
Friday
Medlab Clinical (ASX:MDC) – capital raising
Vital Metals (ASX:VML) – capital raising
Paladin Energy (ASX:PDN) – capital raising
Jaxsta (ASX:JXT) – capital raising
Calix (ASX:CXL) – capital raising
MARKETS
Gold: $US1,744.87 ($2,236.48) (+0.80%)
Silver: $US26.31 ($33.72) (+1.35%)
Oil (WTI): $US64.54 (-0.40%)
Oil (Brent): $US67.97 (-0.61%)
Coal: $US86.30 (+0.70%)
Iron 62pc Fe: $US168.21 (-0.03%)
AUD/USD: $US0.7801 (+0.75%)
Bitcoin: $US58,180.79 (+3.36%)
What got you talking yesterday
Stockhead readers wanted to learn more about how central bank forecasts are relevant to investment strategy in this article by Stockhead journalist Sam Jacobs.
Readers also enjoyed reading about VW’s Power Day, an event similar to Tesla’s annual Battery Day event, where the automaker unveiled its latest strategy on EV battery technology.
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 |
|---|---|---|---|---|
| CAE | Cannindah Resources | 0.068 | 119 | 268,052,042 |
| ANL | Amani Gold Ltd | 0.002 | 100 | 70,456,929 |
| CLZ | Classic Min Ltd | 0.0015 | 50 | 12,901,000 |
| VAL | Valor Resources Ltd | 0.01 | 43 | 75,276,387 |
| ARC | Aust Rural Cap Ltd | 0.285 | 36 | 78,588 |
| OEX | Oilex Ltd | 0.004 | 33 | 1,450,000 |
| NCL | Netccentric Ltd | 0.22 | 29 | 1,336,202 |
| RNU | Renascor Res Ltd | 0.14 | 27 | 65,791,594 |
| PVL | Powerhouse Ven Ltd | 0.115 | 22 | 267,775 |
| MOQ | MOQ Limited | 0.22 | 22 | 5,600 |
| ADY | Admiralty Resources. | 0.029 | 21 | 18,838,291 |
| ALT | Analytica Limited | 0.003 | 20 | 300,000 |
| ROG | Red Sky Energy. | 0.003 | 20 | 1,275,000 |
| WOO | Wooboard Tech Ltd | 0.006 | 20 | 9,100,741 |
| M2R | Miramar | 0.25 | 19 | 381,519 |
| KYK | Kyckr Limited | 0.069 | 19 | 2,597,125 |
| KIS | King Island | 0.32 | 19 | 10,332,943 |
| WC8 | Wildcat Resources | 0.026 | 18 | 3,901,890 |
| MTC | Metalstech Ltd | 0.2 | 18 | 3,519,576 |
| DVL | Dorsavi Ltd | 0.041 | 17 | 6,829,482 |
Yesterday’s losers
Stocks highlighted in yellow made market moving announcements
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| ECT | Env Clean Technologies | 0.001 | -33 | 7,941,648 |
| XPE | Xped Limited | 0.0015 | -25 | 1,209,049 |
| UUV | UUV Aquabotix Ltd | 0.002 | -20 | 2,211,000 |
| EQE | Equus Mining Ltd | 0.009 | -18 | 25,480,971 |
| KP2 | Kore Potash PLC | 0.023 | -18 | 20,199,459 |
| UUL | Ultima Utd Ltd | 0.83 | -17 | 116,434 |
| VIC | Victory Mines Ltd | 0.0025 | -17 | 1,000,000 |
| OEQ | Orion Equities | 0.155 | -16 | 8,000 |
| TMK | Tamaska Oil Gas Ltd | 0.011 | -15 | 39,624,891 |
| CWX | Carawine Resources | 0.28 | -15 | 2,398,353 |
| SRZ | Stellar Resources | 0.023 | -15 | 2,676,512 |
| ENA | Ensurance Ltd | 0.018 | -14 | 1,169,346 |
| CCE | Carnegie Cln Energy | 0.006 | -14 | 90,060,529 |
| MRD | Mount Ridley Mines | 0.003 | -14 | 8,800,000 |
| ACP | Audalia Res Ltd | 0.02 | -13 | 124,160 |
| BNO | Bionomics Limited | 0.24 | -13 | 2,457,669 |
| GGX | Gas2Grid Limited | 0.0035 | -13 | 3,940,012 |
| PH2 | Pure Hydrogen Corp | 0.315 | -13 | 2,649,359 |
| PEC | Perpetual Resources Ltd | 0.082 | -12 | 5,829,773 |
| CY5 | Cygnus Gold Limited | 0.15 | -12 | 100,000 |
| TTA | TTA Holdings Ltd | 0.068 | -12 | 290,667 |
