Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, near-record ASX200 highs doesn’t mean small cap investors can relax, what Australia can do to fix its poor EV take-up, and what does a travel agent founder want with $4.9m of stock in State Gas?
RBA governor Philip Lowe is scheduled to give a speech at 11:15am (eastern time) called “The labour market & spare capacity”.
Markets will be watching for any extra colour from the governor on the bank’s view of employment, given that it’s highlighted changes in the jobs market are now the primary catalyst for further changes in the official cash rate.
Elsewhere, the central banks of Japan and the UK will both make interest rate policy announcements.
The following companies are scheduled to come out of a trading halt or voluntary suspension over the next 48 hours:
St George Mining (ASX:SGQ) – capital raising
Arafura Resources (ASX:ARU) – capital raising
Pure Minerals (ASX:PM1) – capital raising
Emu (ASX:EMU) – outcome of exploration tenement negotiations
Syrah Resources (ASX:SYR) – capital raising outcome
KneoMedia (ASX:KNM) – capital raising
Calidus Resources (ASX:CAI) – response to price query
Gold: $US1358.03 ($1,972.47) +1.06%
Silver: $US15.16 +1.03%
Oil (Brent): $US62.22 +0.11%
Oil (WTI): $US54.23 +0.45%
Coal: $US69.68 -1.23%
Iron ore 62pc Fe: $US105.79 +1.56%
These were the five most-discussed stocks on trading gossip forum HotCopper at close on Wednesday, June 19:
— HotCopper (@HotCopper) June 19, 2019
Oil and gas explorer and developer Red Sky Energy (ROG: ASX) finished top of the pops, nipping up 50 per cent to 3 cents after announcing the results of a strategic review on its fully owned Flax oil & gas project in the Cooper Basin.
The company said it can commence an early development phase that could produce oil revenues within six months, while also further proving up the Flax resource which may hold up to 9.9 million barrels of oil.
These were the best performing stocks at market close on Wednesday, June 19:
These were the worst performing stocks at market close on Wednesday, June 19: