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”.

Ticker Name Price ($) % Chg Market cap
CAQ CAQ Holdings Ltd 0.04 75% $25.1M
KLH Kalia Ltd 0.0015 50% $3.8M
EM1 Emerge Gaming Ltd 0.03 42% $17.7M
JJF Jiajiafu Modern Agriculture Lt 0.05 36% $4.2M
BLY Boart Longyear Ltd 0.004 33% $105.2M
CAD Caeneus Minerals Ltd 0.002 33% $4.3M
GBZ GBM Resources Ltd 0.004 33% $4.4M
MLS Metals Australia Ltd 0.004 33% $5.4M
ORM Orion Metals Ltd 0.008 33% $3.8M
SMI Santana Minerals Ltd 0.004 33% $2.7M
JHL Jayex Healthcare Ltd 0.05 32% $8.4M
KTD Keytone Dairy Corp Ltd 0.6 25% $90.0M
ODM Odin Metals Ltd 0.15 25% $23.1M
DEM De.Mem Ltd 0.12 25% $14.9M
ANL Amani Gold Ltd 0.0025 25% $9.2M
COY Coppermoly Ltd 0.01 25% $17.2M
CTO Citigold Corp Ltd 0.005 25% $10.8M
PCL Pancontinental Oil & Gas NL 0.005 25% $13.5M
SBR Sabre Resources Ltd 0.005 25% $2.0M
EOS Electro Optic Systems Holdings 4 23% $384.4M
GCR Golden Cross Resources Ltd 0.02 21% $2.3M
PCK Painchek Ltd 0.15 20% $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.

Ticker Company Price ($) % Chg Market cap
XST XState Resources Ltd 0.002 -33.33% $2.3M
NSE New Standard Energy Ltd 0.004 -33.33% $3.3M
LCY Legacy Iron Ore Ltd 0.002 -33.33% $2.9M
DDD 3D Resources Ltd 0.001 -33.33% $1.1M
CZN Corazon Mining Ltd 0.002 -33.33% $2.8M
ATL Apollo Tourism & Leisure Ltd 0.41 -32.79% $76.3M
SYT Syntonic Ltd 0.003 -25.00% $9.8M
GES Genesis Resources Ltd 0.006 -25.00% $4.7M
NMS Neptune Marine Services Ltd 0.2 -20.00% $12.3M
BNO Bionomics Ltd 0.1 -20.00% $54.5M
AXT Argo Exploration Ltd 0.012 -20.00% $2.2M
SRN Surefire Resources NL 0.004 -20.00% $2.0M
QGL Quantum Graphite Ltd 0.002 -20.00% $15.1M
MDX Mindax Ltd 0.004 -20.00% $3.7M
KGM KalNorth Gold Mines Ltd 0.004 -20.00% $3.6M
HGM High Grade Metals Ltd 0.004 -20.00% $1.8M
E2E Eon NRG Ltd 0.004 -20.00% $3.1M
ALT Analytica Ltd 0.004 -20.00% $13.3M