Rise and Shine: What you need to know before the ASX opens
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But first, here’s what you need to know about the week ahead.
Today the Reserve Bank of Australia has monthly and yearly figures on how much money the private sector is borrowing, while the Australian Industry Group also releases data on the manufacturing sector.
Expect the deluge of quarterly reports to continue, though not for much longer. Three companies have shares coming out of escrow today:
The following seven companies are due out of a trading halt in the next 48 hours:
Gold: $USD1,280.71 ($1,815.05) -0.50%
Silver: $USD14.91 -1.14%
Oil (Brent): $USD71.85 -0.24%
Oil (WTI): $USD63.48 +0.49%
Coal: $USD87.30 +0.79%
Iron ore 62pc fe: $USD93.16 +0.02%
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Thermal coal was on the tongues of members of the Stockhead Facebook chat forum.
Paringa (ASX:PNL) says it has sold all of its coal production for 2019 and has so far sold about 70 per cent for 2020 with “leading regional power utilities”, wrote resources editor Angie East.
“Time to jump on board the coal train,” wrote member Todd Thurkettle.
These were the five most-discussed stocks on trading gossip forum HotCopper at close on Monday:
— HotCopper (@HotCopper) April 29, 2019
Payments provider Splitit (ASX:SPT) rose 25 per cent to close at $1.16 after boasting about record results in its first quarterly report as a publicly-listed company.
Splitit took about $457,000 in customer receipts for the March quarter, roughly two-fifths of its total revenue for the 2018 financial year.
Leading the pack in percentage terms this morning was Internet of Things minnow XPED (ASX:XPE), which jumped by 50 per cent to 0.2 cents.
Among the junior resources stocks, gold miner Lodestar Resources (ASX:LSR) was the standout performer (also on no news) jumping more than 40 per cent to 1 cent per share.
Only two of the 19 worst performers yesterday were valued at more than 1 cent, one of which was early stage lithium explorer Fe Limited (ASX:FEL).
The stock price fell by more than 20 per cent to 1.4 cents following a drilling update from Auris Minerals (ASX:AUR) at the Forrest and Wodger Prospects in the Bryah Basin of Western Australia.
That’s all you need to know. Move along now.