Rise and Shine: What you need to know before the ASX opens
On Stockhead today, how ASX food stocks can shake off the chill, where’s the next EV battery breakthrough coming from, and why everyone’s got their eye on Hot Chili as the next big takeover target.
But first, here’s what you need to know about the day ahead.
Plenty happening today, including consumer inflation expectations for May from the Melbourne Institute and a heap of employment data from the ABS. The Reserve Bank of Australia’s assistant governor Michele Bullock will also deliver a speech.
Both the ASX200 and the ASX small ords had good days yesterday, closing up 0.7 and 0.8 per cent respectively.
No shares coming out of escrow today. These eight companies are due out of a trading halt in the next 48 hours:
Gold: $US1,298.47 ($1,873.69) -0.05%
Silver: $US14.76 -0.11%
Oil (Brent): $US71.81 0.88%
Oil (WTI): $US62.13 +0.57%
Coal: $US85 -0.87%
Iron ore 62pc fe: $US93.88 -0.53%
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A great discussion occurring on the Stockhead Facebook chat forum, started by member Kelly Allen: “Hi all. I’m new to trading. I’m wondering which trading platform everyone is using?
These were the five most-discussed stocks on trading gossip forum HotCopper at close on Wednesday:
— HotCopper (@HotCopper) May 15, 2019
The biggest winner was Crowd Media (ASX:CM8), up 169 per cent to 4.3c at the close.
The global media and marketing company has secured some big marketing contracts with a number of international brands including PJ Masks (popular kids TV series), Expedia (leading travel website), N26 (leading European Fintech challenger bank) and Pasta Garofalo (Italy’s leading pasta brand).
It was a good morning for health stocks. BTC Health (ASX:BTC) was in the green, up 35 per cent to 11.5c after raising $8 million — including $2 million from Sigma Healthcare (ASX:SIG) — to fund the acquisition of the Hospital Infusion Business from Admedus (ASX: AHZ).
Yesterday, battery metals explorer Greenpower (ASX:GPP) announced it was going to change tack and buy an old gold mine in Queensland.
Shareholders didn’t seem to like it, sending the stock down 33 per cent, though that was only a tenth of a cent.