On Stockhead today, why you can invest in gold AND Bitcoin, the key to picking an exploration winner, and UBS on whether oil can stay on the boil.

But first…

 

The day ahead

The All Ordinaries index is finally back above its February 2020 high of 7,230 points, which was the ASX market’s peak before the COVID-19 pandemic.

The broad Australian stocks index finished Thursday at 7,317 points, up 0.5 per cent from Wednesday’s close.

Australia’s 500 largest companies are represented in the index which has clawed back all of its losses over the past year.

Market watchers will be waiting to see if this upturn is a sustained trend, or whether there is more work to do on Australia’s economic recovery.

Australian government 10-year bonds were yielding 1.71 per cent Thursday, up slightly from a week ago.

 

TRADING HALTS

The following companies are in trading halts and are expected to exit over the next two trading days:

 

Friday

Stemcell United (ASX:SCU) – capital raising
Prospect Resources (ASX:PSC) – capital raising
Viking Mines (ASX:VKA) – capital raising
Empire Energy (ASX:EEG) – capital raising
Zip Co (ASX:Z1P) – capital raising

Monday

Field Solutions Holdings (ASX:FSG) – new project
Province Resources (ASX:PRL) – agreement
Zenith Minerals (ASX:ZNC) – exploration results
Strike Energy (ASX:STX) – capital raising
Vimy Resources (ASX:VMY) – capital raising
Carpentaria Resources (ASX:CAP) – capital raising
LawFinance (ASX:LAW) – capital raising
Tilt Renewables (ASX:TLT) – acquisition
Elementos (ASX:ELT) – capital raising
Magnis (ASX:MNS) – funding deal

 

MARKETS

Gold: $US1,763.90 ($2,275.43) (+1.61%)

Silver: $US24.88 ($32.10) (+1.70%)

Oil (WTI): $US63.34 (+0.32%)

Oil (Brent): $US66.78 (+0.30%)

Coal: $US90.25 (+0.31%)

Iron 62pc Fe: $US173.01 (+0.93%)

AUD/USD: $US0.7752 (+0.40%)

Bitcoin: $US63,409.46 (+1.25%)

 

What got you talking Thursday

Stockhead readers enjoyed Nick Sundich’s post about how investors can tap into the lucrative IPO shares market that has seen some stellar gains in recent months.

Rise and Shine

Another story that whetted readers’ appetites for stock news was Reuben Adams’ post on gold companies and ones that are paying good dividends and making solid returns.

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.

 

Thursday’s winners

Stocks highlighted in yellow made market moving announcements

 

Thursday’s losers

Stocks highlighted in yellow made market moving announcements