Rise and Shine: What you need to know before the ASX opens
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Key data locally will be led by Westpac’s monthly consumer conference gauge, the first reading since the federal election result in May.
There are also two RBA speeches; one by assistant governor Christopher Kent at the Australian Renminbi Forum (9:20am), followed by a speech from assistant governor Luci Ellis called “Watching the Invisibles” (7:00pm).
Looking abroad, Chinese inflation figures will be followed by all-important US inflation data tonight along with a speech by ECB President Mario Draghi.
The following companies went into a trading halt or were placed in suspension during yesterday’s session:
Marquee Resources (ASX: MQR) — acquisition
Azumah Resources (ASX: AZM) — Trading halt
CommsChoice Group (ASX: CCG) — Trading halt
Dragon Mountain Gold (ASX: DMG) — Trading halt
Dongfang Modern Agriculture Ho (ASX: DFM) — Suspended
Blue Energy (ASX: BLU) — capital raise
Afterpay Touch Group (ASX: APT) — Trading halt
People Infrastructure (ASX: PPE) — capital raise
New Energy Minerals (ASX: NXE) — funding and board restructure
Kairiki Energy (ASX: KIK) — Suspended
Gold: $US1,327.39 ($1,906.53) -0.07%
Silver: $US14.74 +0.55%
Oil (Brent): $US61.88 -0.47%
Oil (WTI): $US53.13 -0.43%
Coal: $US76.55 -0.26%
Iron ore 62pc fe: $US99.26 +1.51%
Over on the Stockhead Facebook page, follower Shahin Hussain backed his investment theses in response to the latest Money Talks edition with Matthew Langsford from Terra Capital.
“We are like one year ahead of the market lol,” Hussain told his friend.
And these were the five most-discussed stocks on trading gossip forum HotCopper at the close of today’s session:
— HotCopper (@HotCopper) June 11, 2019
After a fast start, IT company Connected IO (ASX: CIO) fell back to finish even for the day. The stock initially jumped 50 per cent after the company announced it was booking revenue from sales of IoT devices to the US automotive market.
By the end of session, tech minnows Quantify Technology (ASX: QFY) and Advanced Braking Technology (ASX: ABV) led the pack, with gains of 40 per cent and 35 per cent respectively on no news: