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But first, here’s what you need to know about the week ahead.
The day ahead in data
NAB releases its business confidence report for April today.
It almost goes without saying that the ongoing US-China trade war will impact global markets, so watch out for that. If there are any major updates we’ll be sure to let you know.
Candidacy for the 2020 US elections is also going to take up more airtime with each passing day, and the closer we get, the more markets will feel the impact.
At home we are in the final campaign week ahead of Saturday’s election, with current polling suggesting the ALP is ever so slightly likely to form government.
Australian markets fell on Monday, the ASX200 down 0.2 per cent, though the small ords rose 0.1 per cent.
Evans Dixon (ASX:ED1) has 51.2 million shares being released from escrow tomorrow.
The following 13 companies are due out of a trading halt in the next 48 hours:
- Avenira (ASX:AEV) – capital raising
- WhiteHawk (ASX:WHK) – capital raising
- Wiseway Group (ASX:WWG) – earnings outlook
- Northern Cobalt (ASX:N27) – capital raising
- Animoca Brands (ASX:AB1) – capital raising
- Speciality Metals (ASX:SEI) – capital raising and joint venture
- Breaker Resources (ASX:BRB) – capital raising
- Elixir Petroleum (ASX:EXR) – capital raising
- Saturn Metals (ASX:STN) – capital raising
- Argent Minerals (ASX:ARD) – Tax incentives update
- BTC Health (ASX:BTC) – capital raising
- Gulf Maganese Corp (ASX:GMC) – ore shipment update
- Greenpower Energy (ASX:GPP) – potential acquisition
Gold: $US1,301.37 ($1,874.49) +1.07%
Silver: $US14.75 -0.14%
Oil (Brent): $US69.74 -1.03%
Oil (WTI): $US60.89 -1.33%
Coal: $US86.80 -0.80%
Iron ore 62pc fe: $US95.08 +0.89%
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What got you talking yesterday
Member Kevin Sharpe: “An impressive, if somewhat inelegant, solution? It beats the slot car track idea I read about a while ago.”
These were the five most-discussed stocks on trading gossip forum HotCopper at close on Monday:
— HotCopper (@HotCopper) May 13, 2019
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The biggest winner was miniature anti-microbial company Zoono (ASX:ZNO), up 99 per cent to 1.6c after telling the market it had received an order to the tune of $33 million.
It signed a deal with US partner MicroSonic to sell a bespoke antimicrobial “system” to car care company Turtle Wax, developed specially for the business over the last 12 months.
Strategic metals developer TNG (ASX:TNG) was up 25 per cent to 12.5c after signing a binding life-of-mine off-take agreement with the multi-billion dollar Swiss-based specialty chemical distributor DKSH.
It will see allow DKSH to purchase, on a life-of-mine basis, up to 100 per cent of the titanium dioxide (TiO2) pigment that will be produced by Mount Peake.
And last week’s big mover Orthocell (ASX:OCC) was amongst the big gainers again, up 45 per cent to 61c.
No news, just still volatile on the back of patients reporting the company’s nerve damage treatment was working.
Living Cell Technologies (ASX:LCT) has become the latest biotech to fall victim to trying to treat neurodegenerative diseases, falling 44 per cent to 3.1c after results showed people who had 40 capsules of the company’s NTCELL drug implanted in their brains showed no difference from the placebo.
Furthermore, while the four people in the middle group who had 80 capsules in their heads continued to show some benefit two years in compared to the two people taking placebos their group, their results weren’t significantly better when compared to all six placebos across the whole study.
It followed Actinogen’s (ASX:ACW) fall last week after its Phase II trial for Alzheimer’s patients also didn’t work too well.
That’s all you need to know. Move along now.
- ASX: BTC BTC Health
- ASX: GMC Gulf Manganese
- ASX: SEI Specialty Metals International
- ASX: AEV Avenira
- ASX: LCT Living Cell Technologies
- ASX: EXR Elixir Petroleum
- ASX: N27 Northern Cobalt
- ASX: ACW Actinogen
- ASX: ARD Argent Minerals
- ASX: WHK WhiteHawk
- ASX: BRB Breaker Resources
- ASX: STN Saturn Metals
- ASX: AB1 Animoca Brands