Rise and Shine: What you need to know before the ASX opens
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On Stockhead today, Morgans explains why smaller miners have underperformed their larger counterparts and how now could be a good time to buy; we reveal the top 50 small cap miners and explorers for June; and big super funds are ramping up private investments.
Australia will get an important economic data update with the release of May retail sales (11:30am eastern time), while US markets will be closed for the Independence Day holiday.
The following companies are scheduled to come out of a trading halt or voluntary suspension over the next 48 hours:
Kalamazoo Resources (ASX:KZR) – capital raising
Titomic (ASX:TTT) – capital raising
IODM (ASX:IOD) – capital raising
Pushpay Holdings (ASX:PPH) – bookbuild
Nuheara (ASX:NUH) – capital raising
Silver Mines (ASX:SVL) – capital raising
Gold: $US1406.63 ($2,014.03) -0.95%
Silver: $US15.25 -0.55%
Oil (Brent): $US66.37 +1.88%
Oil (WTI): $US59.27 +2.44%
Coal: $US69.50 -0.57%
Iron ore 62pc fe: $US107.93 -0.97%
AUD/USD: $US0.6984 +0.33%
Over on the Stockhead Facebook chat page, Nick Sundich wrote a good outlook piece, asking whether the ASX can repeat its strong performance in the second half of the year.
In response, group member Harry Sight offered a succinct, one-word reply:
“Unlikely,” he said.
Duly noted, Harry.
And these were the five most-discussed stocks on trading gossip forum HotCopper at close on Wednesday, July 3:
— HotCopper (@HotCopper) July 3, 2019
Silver Chef (ASX:SIV) topped the pops, posting a gain of 129 per cent after announcing it is the subject of a takeover offer from a consortium of investors led by Next Capital Pty Ltd.
Here are the best performing ASX small cap stocks for Wednesday, July 3:
Here are the worst performing ASX small cap stocks for Wednesday, July 3: