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.

Rise and Shine

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.

Rise and shine

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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