On Stockhead today, everyone’s trying to put a price on war, Brent smashes through US$105, and shipping stinks. No, actually.

But first, the day ahead.

Local shares are set to open higher today. At 8am AEDT, the ASX 200 March futures is pointing up by 1.22%.

In case you hadn’t heard, Putin and Russia invaded Ukraine, one giant step towards the return of the Cold War.

The ASX 200 lost more than $70 billion and shed almost 3% in a collapse admittedly impacted by $240 billion BHP (ASX:BHP) going ex-div.

Impacts in other financial markets were similarly brutal, with the Russian Ruble collapsing to its lowest US dollar exchange rate in history and the Moscow Exchange shut until further notice.

The onset of war pushed Brent oil past US$100 a barrel and gold to 12 month highs, but this will be the big headline for a while yet.

 

TRADING HALTS

The following companies are in Trading Halts and are expected out in the coming days.

Tombola Gold (ASX:TBA) — Capital raising

Sayona Mining (ASX:SYA) — Updated resource statement

Nanollose (ASX:NC6) — Pilot spin, Nullarbor fibre

 

MARKETS (updated at 8am AEDT)

Gold: $US1,898.75 (-0.49%)

Silver: $US24.165 (-1.44%)

Oil (WTI): $US93.15 (+1.15%)

Oil (Brent): $US99.14(+2.36%)

Aust Coking Coal (steelmaking): $449.04/t (+0.74%)

Newcastle Coal (thermal): $238/t (+0.7%)

Iron 62pc Fe: $US142.66/t (-0.21%)

AUD/USD: $US0.7174 (-0.83%)

Bitcoin: $US38,360 (+1.75%)

 

WHAT GOT YOU TALKING YESTERDAY?

This happened …

Need to get back in a happy space? Keep your mind on your gold portfolio.

YESTERDAY’S BIGGEST SMALL CAP WINNERS

(Stocks highlighted in yellow rose after making announcements during the trading day).

Scroll or swipe to reveal table. Click headings to sort.

On a rough day for stocks, oil & gas explorer Melbana Energy (ASX:MAY) leapt ahead after announcing an oil strike in Cuba.

Drill work at its Alameda onshore project in Cuba revealed “extensive natural fracturing, an important production characteristic for a limestone reservoir of this type and one that could lead to an upgrade of the net pay estimate as the characteristics of the reservoir become better understood”, the company said.

“The recovery characteristics of this reservoir interval will be better understood once initial flow testing work is done,” which is expected to commence in around two weeks, Melbana said.

 

YESTERDAY’S BIGGEST SMALL CAP LOSERS

(Stocks highlighted in yellow fell after making announcements during the trading day).

Scroll or swipe to reveal table. Click headings to sort.

Half-year reporting season produced some ugly results, as gaming technology accessory distributor Cellnet (ASX:CLT) slumped by more than 30% following its February trading update.

Also going into free-fall following their half-year reports were womens clothing retailer City Chic Collective (ASX:CCX) and data technology company Appen (ASX:APX).