Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, can the ASX solve its scoping study issues, The Secret Broker wonders whether Zuck’s Libra bucks will suck, and Barry FitzGerald grabs Hot Chili’s MD for a breaking update on some big news.
It’s a quiet one on the data front in Australia to end the week.
Looking abroad, Japan has May inflation data and there’s a raft of preliminary PMI readings (manufacturing and services) for June across Japan, Europe, the US and UK.
The following companies are scheduled to come out of a trading halt or voluntary suspension over the next 48 hours:
Emu (ASX: EMU) – outcome of exploration tenement negotiations
Syrah Resources (ASX: SYR) – capital raising outcome
KneoMedia (ASX: KNM) – capital raising
FYI Resources (ASX: FYI) – capital raising
Dreadnought Resources (ASX: DRE) – capital raising
Tesserent (ASX: TNT) – capital raising
P2P Transport (ASX: P2P) – trading update
Quantify Technology (ASX: QFY) – capital raising
Otto Energy (ASX: OEL) – update on production
Empire Energy Group (ASX: EEG) – transaction
Avenira (ASX: AEV) – short term funding
Gold: $US1389.99 ($2,008.26) +2.03%
Silver: $US15.24 +1.68%
Oil (Brent): $US64.43 +4.43%
Oil (WTI): $US56.88 +5.80%
Coal: $US70.50 +1.18%
Iron ore 62pc Fe: $US106.20 +0.39%
AUD/USD: $US0.6921 +0.58%
“This has huge potential, and I think this was an unanticipated finding from the 3 trials they’re running for psoriasis, dermatitis and acne – all of which are looking good even though early stages,” Sharpe said.
And these were the five most-discussed stocks on trading gossip forum HotCopper at close on Thursday, June 20:
— HotCopper (@HotCopper) June 20, 2019
Speaking of Botanix, markets reacted positively to the company update as BOT stock closed 46.43 per cent higher.
Also performing strongly was Legacy Iron Ore (ASX: LCY), which doubled up to 0.4 cents two days after exploration drilling will commence this week at its Mt Bevan nickel project.
Orion Metals (ASX: ORM) was the other stock to post a 100 per cent gain, climbing to two cents per share after releasing its annual report and quarterly cashflow numbers.
These were the best performing stocks at market close on Thursday, June 20:
Energy minnows led the falls in Thursday trade, with Bounty Oil & Gas (ASX: BUY) and Jupiter Energy (ASX: JPR) both falling by more than 30 per cent.
These were the worst performing stocks at market close on Thursday, June 20: