Rise and Shine: What you need to know before the ASX opens

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.

But first:

The day ahead

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.

Company news

The following companies are scheduled to come out of a trading halt or voluntary suspension over the next 48 hours:

Thursday:

Kalamazoo Resources (ASX:KZR) – capital raising
Titomic (ASX:TTT) – capital raising
IODM (ASX:IOD) – capital raising

Friday:

Pushpay Holdings (ASX:PPH) – bookbuild
Nuheara (ASX:NUH) – capital raising
Silver Mines (ASX:SVL) – capital raising

Markets

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%

What got you talking yesterday

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:

Close Top 5 #MostDiscussedStocks: $EN1 $GXY $MLS $NUH $SDA #asx #ausbiz https://t.co/xOFzWmkzay

— HotCopper (@HotCopper) July 3, 2019

Yesterday’s winners

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:

Yesterday’s losers

Here are the worst performing ASX small cap stocks for Wednesday, July 3: