Up and at 'em. Image: Getty
Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, how to use ARR as an investment guide, Aussie EV imports hit five-bagger status, and Airtasker CEO Tim Fung steps into our studio.
But first…
The day ahead
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.
TRADING HALTS
The following companies are in trading halts and are expected to exit over the next two trading days:
Friday
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
Monday
Cohiba Minerals (ASX:CHK) – update of ownership status
Boss Energy (ASX:BOE) – capital raising
Mamba Exploration (ASX:M24) – EM survey results
MARKETS
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%)
What got you talking yesterday
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.
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 |
|---|---|---|---|---|
| BAS | Bass Oil Ltd | 0.003 | 100 | 142,511,557 |
| NVU | Nanoveu Limited | 0.085 | 60 | 77,180,182 |
| ANL | Amani Gold Ltd | 0.0015 | 50 | 6,959,406 |
| XTC | Xantippe Res Ltd | 0.003 | 50 | 8,394,830 |
| MHK | Metalhawk | 0.235 | 31 | 3,315,611 |
| 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 |
| FRB | Firebird Metals | 0.76 | 25 | 3,890,251 |
| DCX | Discovex Res Ltd | 0.008 | 23 | 24,135,849 |
| HCD | Hydrocarbon Dynamic | 0.023 | 21 | 733,999 |
| JAL | Jameson Resources | 0.12 | 20 | 85,136 |
| MAM | Microequities | 0.54 | 20 | 194,000 |
| CCE | Carnegie Cln Energy | 0.006 | 20 | 14,846,823 |
| GED | Golden Deeps | 0.012 | 20 | 38,555,763 |
| MBK | Metal Bank Ltd | 0.012 | 20 | 1,813,458 |
| SIS | Simble Solutions | 0.039 | 18 | 8,637,349 |
| 88E | 88 Energy Ltd | 0.033 | 18 | 373,186,841 |
| PUR | Pursuit Minerals | 0.086 | 18 | 22,506,941 |
| DVN | Devine Limited | 0.135 | 17 | 27,550 |
Yesterday’s losers
Stocks highlighted in yellow made market moving announcements
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| IS3 | I Synergy Group Ltd | 0.047 | -51 | 100 |
| ECT | Env Clean Tech Ltd | 0.001 | -50 | 5,315,030 |
| RSG | Resolute Mining | 0.465 | -26 | 45,573,855 |
| RXH | Rewardle Holding Ltd | 0.012 | -25 | 4,992,604 |
| ART | Airtasker Limited | 1.35 | -23 | 55,704,049 |
| 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 |
| FNT | Frontier Resources | 0.017 | -19 | 26,417,429 |
| GLE | GLG Corp Ltd | 0.26 | -19 | 25,130 |
| ALT | Analytica Limited | 0.0025 | -17 | 1,250,000 |
| LNY | Laneway Res Ltd | 0.005 | -17 | 40,137,477 |
| OVT | Ovato Limited | 0.005 | -17 | 10,679,069 |
| TSC | Twenty Seven Co. Ltd | 0.005 | -17 | 33,408,218 |
| COY | Coppermoly Limited | 0.016 | -16 | 9,765 |
| MLM | Metallica Minerals | 0.034 | -15 | 3,939,394 |
| EVE | EVE Investments Ltd | 0.006 | -14 | 5,555,959 |
| POW | Protean Energy Ltd | 0.012 | -14 | 2,621,472 |
| XST | Xstate Resources | 0.012 | -14 | 44,421,495 |
