Connect with us

Surfing Australia

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

Published

on

On Stockhead today, February’s biggest ASX winners, how to earn 200K points without flying, and which subreddit picks the best stocks?

But first…

 

The day ahead

The All Ordinaries index finished trading Wednesday up 0.8 per cent at 7,067 points, despite Wall Street’s top three share indexes going into the red overnight.

The Australian dollar was trading at 78 cents marking around a three-year high for the local currency against the US dollar.

Credit ratings agency S&P Global Ratings said in a report that Australian business could be left with “lingering scars” from containing the COVID-19 outbreak.

“Financial damage from COVID containment, together with ongoing structural concerns, still weigh on the credit quality of Australian and New Zealand corporates and infrastructure companies,” said S&P Global Ratings credit analyst, Richard Timbs.

The report contrasts with news Wednesday that Australia’s economy grew by 3.1 per cent in the December 2020-ended quarter, marking two consecutive quarters of more than 3 per cent growth, something that has not happened since the 1960s.

 

TRADING HALTS

The following companies are in trading halts and are expected to exit over the next two trading days:

Thursday:

Hot Chili (ASX:HCH) – exploration results
Genetic Technologies (ASX:GTG) – distribution agreement
Aspermont (ASX:ASP) – capital raising
Ausmex Mining (ASX:AMG) – upgraded resource
Magmatic Resources (ASX:MAG) – capital raising
Thomson Resources (ASX:TMZ) – project acquisition

 

Friday:

Core Lithium (ASX:CXO) – acquisition
Credit Intelligence (ASX:CI1) – capital raising
ioneer (ASX:INR) – capital raising
Kula Gold (ASX:KGD) – capital raising

 

 

MARKETS

Gold: $US1,715.56 ($2,201.69) (-1.30%)

Silver: $US26.23 ($33.66) (-1.95%)

Oil (WTI): $US61.32 (+2.63%)

Oil (Brent): $US64.13 (+2.26%)

Coal: $US84.40 (+0.60%)

Iron 62pc Fe: $US174.12 (+0.55%)

AUD/USD: $US0.7792 (-0.40%)

Bitcoin: $US51,053.43 (+7.50%)

 

What got you talking yesterday

Stockhead readers liked Eddy Sunarto’s story on Australia’s record-breaking GDP number for Q4 2020 and the accompanying photo of a surfing kangaroo.

Rise and Shine

Another popular read was Derek Rose’s story on the almost surreal world of cryptocurrencies which seem to be proliferating like topsy with new tokens appearing all the time.

Rise and Shine

To keep up to date with Stockhead coverage, follow our Twitter page or sign up to our members-only Facebook group here.

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.

 

Yesterday’s winners

Stocks highlighted in yellow made market moving announcements

 

Yesterday’s losers

Stocks highlighted in yellow made market moving announcements


You might be interested in



Source link

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending