On Stockhead today, will the US spending spree on semiconductor stocks spread to the ASX, is China about to shut the door on rare earths, and The Secret Broker is back with a lesson on shorting.

But first, here’s what you need to know before markets open.

The day ahead in data

The Reserve Bank will release monthly data on private sector credit at 11:30am. It follows April data which showed growth in housing credit rose at the slowest pace on record.

Later tonight, key data abroad will be led by personal income & expenditure (PCE) data for April out of the US, which includes the PCE inflation reading — the preferred inflation measure of the US Fed. Markets are forecasting a monthly increase of 0.2 per cent after the reading went flat in March.

Company news

There are 12 companies which are expected to come out of a trading halt or voluntary suspension in the next 48 hours:

Friday:

Coppermoly (ASX: COY) – capital raising
Ava Risk Group (ASX: AVA) – capital raising
First Graphene (ASX: FGR) – NICNAS application
Warrego Energy (ASX: WGO) – capital raising

Monday:

Aurora Minerals (ASX: ARM) – capital raising
Pensana Metals (ASX: PM8) – capital raising
Infinity Lithium (ASX: INF) – operations update
Metminco (ASX: MNC) – capital raising
ALT Resources (ASX: ARS) – capital raising
Gascoyne Resources (ASX: GCY) – production update
Impression Healthcare (ASX: IHL) – ‘significant development’
Jayex Healthcare (ASX: JHL) – addressing price query

Commodities

Gold: $US1286.54 ($1,861.41) +0.74%

Silver: $US14.53 +0.74%

Oil (Brent): $US66.34 -4.28%

Oil (WTI): $US56.52 -4.01%

Coal: $US77.80 -1.27%

Iron ore 62pc fe: $US103.87 -2.2%

AUD/USD: $US0.6912

What got you talking yesterday

It was a quiet one yesterday on the Stockhead Facebook forum, but earlier in the week there were more questions than answers among group members on the subject of the recent share price slide for Titomic Ltd (ASX: TTT).

“Thoughts on Titomic after their recent Boeing announcement?”, Evan Turner asked.

“I don’t know why TTT price has decreased about 15% in the past week,” Adrian Macchiavelli said. “Agree, can’t see a real reason for it…”, Turner responded.

Elsewhere, these were the five most-discussed stocks on trading gossip forum HotCopper at close on Thursday:

Yesterday’s winners

Among the winners, CAQ Holdings held its gains from midday trade to best the best performer on the day, posting a gain of 75 per cent to close at four cents.

The surge followed a joint venture announcement by CAQ to “develop a cross-border e-commerce business in China”.

TickerNamePrice ($)% ChgMarket cap
CAQCAQ Holdings Ltd0.0475%$25.1M
KLHKalia Ltd0.001550%$3.8M
EM1Emerge Gaming Ltd0.0342%$17.7M
JJFJiajiafu Modern Agriculture Lt0.0536%$4.2M
BLYBoart Longyear Ltd0.00433%$105.2M
CADCaeneus Minerals Ltd0.00233%$4.3M
GBZGBM Resources Ltd0.00433%$4.4M
MLSMetals Australia Ltd0.00433%$5.4M
ORMOrion Metals Ltd0.00833%$3.8M
SMISantana Minerals Ltd0.00433%$2.7M
JHLJayex Healthcare Ltd0.0532%$8.4M
KTDKeytone Dairy Corp Ltd0.625%$90.0M
ODMOdin Metals Ltd0.1525%$23.1M
DEMDe.Mem Ltd0.1225%$14.9M
ANLAmani Gold Ltd0.002525%$9.2M
COYCoppermoly Ltd0.0125%$17.2M
CTOCitigold Corp Ltd0.00525%$10.8M
PCLPancontinental Oil & Gas NL0.00525%$13.5M
SBRSabre Resources Ltd0.00525%$2.0M
EOSElectro Optic Systems Holdings423%$384.4M
GCRGolden Cross Resources Ltd0.0221%$2.3M
PCKPainchek Ltd0.1520%$131.0M

 

Yesterday’s losers

No less than five resources and energy minnows trading below the 1 cent mark all lost a third of their value, as part of the usual price fluctuations at the less liquid end of the market.

One such company with a market update was Xstate Resources (ASX: XST), which fell 33.33 per cent to 0.2 cents per share after releasing a presentation from its annual general meeting.

TickerCompanyPrice ($)% ChgMarket cap
XSTXState Resources Ltd0.002-33.33%$2.3M
NSENew Standard Energy Ltd0.004-33.33%$3.3M
LCYLegacy Iron Ore Ltd0.002-33.33%$2.9M
DDD3D Resources Ltd0.001-33.33%$1.1M
CZNCorazon Mining Ltd0.002-33.33%$2.8M
ATLApollo Tourism & Leisure Ltd0.41-32.79%$76.3M
SYTSyntonic Ltd0.003-25.00%$9.8M
GESGenesis Resources Ltd0.006-25.00%$4.7M
NMSNeptune Marine Services Ltd0.2-20.00%$12.3M
BNOBionomics Ltd0.1-20.00%$54.5M
AXTArgo Exploration Ltd0.012-20.00%$2.2M
SRNSurefire Resources NL0.004-20.00%$2.0M
QGLQuantum Graphite Ltd0.002-20.00%$15.1M
MDXMindax Ltd0.004-20.00%$3.7M
KGMKalNorth Gold Mines Ltd0.004-20.00%$3.6M
HGMHigh Grade Metals Ltd0.004-20.00%$1.8M
E2EEon NRG Ltd0.004-20.00%$3.1M
ALTAnalytica Ltd0.004-20.00%$13.3M