Rise and Shine: What you need to know before the ASX opens
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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.
The following companies are in trading halts and are expected to exit over the next two trading days:
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
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
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%)
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.
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.
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.