Rise and Shine: What you need to know before the ASX opens
Link copied to
But first, here’s what you need to know before markets open.
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.
There are 12 companies which are expected to come out of a trading halt or voluntary suspension in the next 48 hours:
Coppermoly (ASX: COY) – capital raising
Ava Risk Group (ASX: AVA) – capital raising
First Graphene (ASX: FGR) – NICNAS application
Warrego Energy (ASX: WGO) – capital raising
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
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%
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:
— HotCopper (@HotCopper) May 30, 2019
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”.
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.