Rise and Shine: What you need to know before the ASX opens
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But first, here’s what you need to know before markets open.
Australia has April housing finance data from the ABS, along with the Ai Group’s construction index for May.
Looking abroad, the main event will be US employment numbers on Friday night. The median forecast is for monthly jobs growth of 190,000, leaving the US unemployment rate at a 50-year low of 3.6 per cent.
The following companies are expected to come out of a trading halt or voluntary suspension in the next two trading sessions:
E2 Metals (ASX: E2M) – capital raising
Big Star Energy (ASX: BNL) – capital raising
Pacific Bauxite (ASX: PBX) – board changes
Machahon Holdings (ASX: MAH) – material contract negotiation
TNG (ASX: TNG) – capital raising
Benetic Biopharma (ASX: BLT) – contract update
My Fiziq (ASX: MYQ) – commercial partnership
Emerge Gaming (ASX: EM1) – partnership announcement
Gold: $US1,332.22 ($1,909.74) +0.39%
Silver: $US14.85 +0.55%
Oil (Brent): $US62.15 +2.72%
Oil (WTI): $US53.07 +2.86%
Coal: $US74.97 +0.97%
Iron ore 62pc fe: $US98.32 -0.07%
Over on the Stockhead Facebook forum, group member Kevin Sharpe got into an interesting discussion with our senior journalist Rachel Williamson about shares coming out of escrow. Read their exchange here.
These were the five most-discussed stocks on trading gossip forum HotCopper at close on Friday:
— HotCopper (@HotCopper) June 6, 2019
Topping the boards yesterday was mining minnow Renegade Exploration (ASX: RNX), which posted a 50 per cent rise to 0.3 cents on no news.
Highfield Resources (ASX: HFR) also performed strongly, after going into a trading halt the previous day before announcing it had received environmental approval from the Spanish government to proceed with its Muga potash project — a development that was around four years in the making.
Among the early movers, Connected IO (ASX: CIO) bolted out of the gate to briefly double after the opening bell, but by the time markets closed it had given up those gains to close flat for the session at two cents per share.
There were no major standout among the laggards yesterday, with the usual round of small-cap minnows losing ground in a low-liquidity trading environment.