On Stockhead today, the stock that has soared 10,000pc, all you need to know about Custom Indexing, and are lithium stock valuations overstretched?

But first… the day ahead

China signals that its crackdown on businesses could last for years, with the government unveiling a five-year plan to tighten regulations.

Back home on the COVID-19 front, the ACT has gone into a seven-day snap lockdown starting from 5pm last night.

To the ASX, companies expected to report annual earnings today include: Resmed (ASX:RMD), Incannex Healthcare (ASX:IHL), and 3P Learning (ASX:3PL).

Australia’s new homes sales for July will also be released today. June’s figures came in at 5,841 units, a 15% gain from the prior month.



Magnum Mining and Exploration (ASX:MGU) – offtake agreement
Duketon Mining (ASX:DKM) – exploration results


Creso Pharma (ASX:CPH) – Health Canada license
Galan Lithium (ASX:GLN) – capital raising
Dimerix (ASX:DXB) – capital raising
Alexium (ASX:AJX) – sales update clarification



Gold: $US1,752.77 ($2,388.30) (+0.07%)
Silver: $US23.16 ($31.56) (-1.44%)
Oil (WTI): $US68.91 (-0.49%)
Oil (Brent): $US71.14 (-0.42%)
Coal: $US168.75 (+0.99%)
Iron 62pc Fe: $US167.94 (-0.66%)
AUD/USD: $US0.7335 (-0.53%)
Bitcoin: $US$44,421.30 (-3.43%)



Earnings. And some good ones too.

And Woodside Petroleum (ASX: WPL), which is about to make the oft-delayed final investment decision on Scarborough.

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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.


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Stocks highlighted in yellow rose after making announcements during intraday trade.

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Among stocks with news, ASX debutante Cannon Resources (ASX:CNR) led the pack after making a strong start to listed life.

The nickel play, which was spun out of Rox Resources (ASX:ROX), raised $6m from investors at 20c and climbed to 30c for a day one gain of 50%.

Elsewhere, the two technology stocks that caught the market’s attention yesterday — air traffic control software company Adacel (ASX:ADA) and mattress tech company Alexium (ASX:AJX) both held their gains after reporting strong full-year updates.

And investment group Australian Rural Capital (ASX:ARC) rose more than 30% after flagging it had taken a 40% stake in Merewether Capital Management, a new fund set for launch this year that will be run by former Oracle stock picker Luke Winchester.



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