Top 10 at 11: Gold players and online gambling draw eyes this morning

Morning, and welcome to Stockhead’s Top 10 (at 11… ish), highlighting the movers and shakers on the ASX in early-doors trading.

With the market opening at 10am sharp eastern time, the data is taken at 10:15, once trading kicks off in earnest.

In brief, this is what the markets have been up to this morning.

 

The ASX 200 got off to a flyer… if you take a “flyer” to mean soaring straight up and then straight back down again.

At the time of writing, its flight path has been pretty darn erratic. It’s currently travelling at a low-ish altitude of 0.11%.

As Eddy “Early Bird” Sunarto reported, erm, earlier, the local benchmark was expected to open today with a bit of a bounce even considering the US was closed for Memorial Day and the UK took the day off for Spring Bank holiday.

Major US indices will, according to reports, likely open higher on Wednesday morning (AEST), and that’s because of Trump’s decision to give the EU more negotiation wiggle room in the wake of his 50% tariff threat.

Quickly scouting around for some other relevant info for you, though, our friends over at The Australian note that energy gains have so far today been offset by utilities losses; heavyweight banks are flat and the miners slightly higher.

What else? Bitcoin’s travelling quite nicely, changing hands for about $US109,300.

Meanwhile the far more trad safe haven, gold, is up a fraction, trading at US$3,344, and the Aussie dollar is going for around US$64.86.

Stay tuned for Eddy’s Lunch Wrap for more nuanced detail on the markets today.

 

Winners

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InFocus Group Holdings (ASX:IFG), a data analytics and software solutions company, is soaring this morn – or at least its share price has been. It’s been appointed exclusive technology partner to TG Solutions Consulting – a Taiwanese consulting firm with significant operations in the online digital gaming sector – for the development of an end-to-end iGaming platform solution.

That’s all very well, if you’re interested in online gambling sector machinations, that is. But what’s the contract worth? A hefty US$3.25 million. Somebody put it all on black.

Antilles Gold (ASX:AAU) is also well up so far on Tuesday, after notifying that 50%-owned Cuban joint venture mining company, Minera La Victoria SA, and a major global commodities trading house have signed two offtake agreements for the purchase of the gold concentrates and copper/gold concentrates to be produced by the Nueva Sabana mine.

The agreements are for 100% of the gold concentrates and copper/gold concentrates produced from the mine, which has a 4.5 year mine life estimate, with possible extension.

 

Laggards

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