Rise and Shine: What you need to know before the ASX opens
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The All Ordinaries index hovered just above 7,000 points at the market’s close on Thursday, with an on-day gain of 8 points to 7,022.
The broad index of Australian shares has been trading in a narrow range of 6,800 to 7,200 points since early December 2020.
Australian government 10-year bonds were yielding 1.69 per cent Thursday, down from their two-year high of 1.79 per cent a week ago.
Lower yields could make investing in equity markets more attractive.
More government spending could be on the way for the US economy with President Joe Biden talking about a $US3 trillion infrastructure splurge.
This would be on top of the US Congress’ vote for a $US1.9 billion COVID-19 economic recovery package only two weeks ago.
The following companies are in trading halts and are expected to exit over the next two trading days:
Rewardle Holdings (ASX:RXH) – update to investor presentation
Resolute Mining (ASX:RSG) – Bibiani mine update
Genex Power (ASX:GNX) – capital raising
Australian Strategic Materials (ASX:ASM) – capital raising
Creso Pharma (ASX:CPH) – capital raising
SG Fleet Group (ASX:SGF) – material transaction
Kopore Metals (ASX:KMT) – asset divestment
Bass Metals (ASX:BSM) – acquisition
Lotus Resources (ASX:LOT) – interest acquisition
Gold: $US1,727.34 ($2,278.53) (-0.39%)
Silver: $US25.08 ($33.08) (+0.01%)
Oil (WTI): $US58.46 (-4.45%)
Oil (Brent): $US61.83 (-4.01%)
Coal: $US91.50 (+3.90%)
Iron 62pc Fe: $US167.05 (-0.17%)
AUD/USD: $US0.7580 (-0.04%)
Bitcoin: $US52,334.19 (-2.61%)
Stockhead readers were intrigued to learn which ASX stocks stand to benefit from a forecast turbo-charged 9 per cent growth rate in China’s economy this year.
Also of interest to readers, was the latest happenings in the crypto space that included Tesla’s latest interesting marketing strategy for its EVs that is aligned to Bitcoin.
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.
|BAS||Bass Oil Ltd||0.003||100||142,511,557|
|ANL||Amani Gold Ltd||0.0015||50||6,959,406|
|XTC||Xantippe Res Ltd||0.003||50||8,394,830|
|ADX||ADX Energy Ltd||0.013||30||75,855,404|
|KRR||King River Resources||0.037||28||33,140,439|
|ACP||Audalia Res Ltd||0.025||25||93,600|
|AFA||ASF Group Limited||0.05||25||10,000|
|DCX||Discovex Res Ltd||0.008||23||24,135,849|
|CCE||Carnegie Cln Energy||0.006||20||14,846,823|
|MBK||Metal Bank Ltd||0.012||20||1,813,458|
|88E||88 Energy Ltd||0.033||18||373,186,841|
|IS3||I Synergy Group Ltd||0.047||-51||100|
|ECT||Env Clean Tech Ltd||0.001||-50||5,315,030|
|RXH||Rewardle Holding Ltd||0.012||-25||4,992,604|
|IKW||Ikwezi Mining Ltd||0.31||-22||65,612|
|ENV||Enova Mining Limited||0.028||-20||54,182|
|UUV||UUV Aquabotix Ltd||0.002||-20||2,165,000|
|WOO||Wooboard Tech Ltd||0.004||-20||17,505,795|
|GLE||GLG Corp Ltd||0.26||-19||25,130|
|LNY||Laneway Res Ltd||0.005||-17||40,137,477|
|TSC||Twenty Seven Co. Ltd||0.005||-17||33,408,218|
|EVE||EVE Investments Ltd||0.006||-14||5,555,959|
|POW||Protean Energy Ltd||0.012||-14||2,621,472|