Rise & Shine: What you need to know before the ASX opens
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On Stockhead today, Which ASX small cap IPOs were the best gainers in 2020? and, Which US stocks stand to benefit from a Joe Biden presidency?
After finishing Thursday with their worst trading performance since Christmas, Australian share markets will be under the spotlight, Friday.
The All Ordinaries index of ASX shares closed 2 per cent lower on-day, Thursday, at 6,917 points.
Readers from Sydney with an affection for croissant may want to get down to Parramatta Square on Friday.
A group of pastry chefs will be attempting to make the largest version of the French flaky pastry to celebrate National Croissant Day.
The pastry chefs’ puffed-up version of the croissant will weight about 1.2 kg.
The following companies are in trading halts and are expected to exit over the next two trading days:
Mithril Resources (ASX:MTH) – capital raising
Range International (ASX:RAN) – capital raising
Triangle Energy (ASX:TEG) – capital raising
Lachlan Star (ASX:LSA) – capital raising
Key Petroleum (ASX:KEY) – asset disposal
4DS Memory (ASX:4DS) – wafer manufacture update
Indiana Resources (ASX:IDA) – capital raising
MRG Metals (ASX:MRQ) – capital raising
Primewest (ASX:PWG) – capital raising
Revasum (ASX:RVS) – capital raising
Micro-X (ASX:MX1) – capital raising
Gold: $US1,844.54 ($2,449.72) (+0.03%)
Silver: $US26.40 ($34.32) (+4.67%)
Oil (WTI): $US52.33 (-0.98%)
Oil (Brent): $US55.53 (-0.48%)
Coal: $US88.63 (+1.82%)
Iron 62pc Fe: $US168.63 (-0.37%)
AUD/USD: $US0.7694 (+0.44%)
Bitcoin: $US32,627.52 (+5.92%)
The rolling tug-of-war between short sellers and long holders of US gaming shop stock GameStop (NYSE:GME) took an interesting turn Thursday.
Some investors appear to have confused the US retro computer games retailer with an ASX battery metals company with the same stock ticker.
GME Resources’ share price went up a hefty 40 per cent Thursday without any fresh announcement to the ASX.
Investors that plunged into the ASX metals stock may be hoping for the sort of returns conjured up by GameStop in the US.
The US retailer rallied $US200 per share or 135 per cent in Wednesday US trade.
Also, be sure to check in at 10.20am each day for our daily 10 at 10 column — a live summary of winners & losers at the opening bell.