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

Share this page

On Stockhead today, the stock that has soared 10,000pc, all you need to know about Custom Indexing, and are lithium stock valuations overstretched?

But first… the day ahead

China signals that its crackdown on businesses could last for years, with the government unveiling a five-year plan to tighten regulations.

Back home on the COVID-19 front, the ACT has gone into a seven-day snap lockdown starting from 5pm last night.

To the ASX, companies expected to report annual earnings today include: Resmed (ASX:RMD), Incannex Healthcare (ASX:IHL), and 3P Learning (ASX:3PL).

Australia’s new homes sales for July will also be released today. June’s figures came in at 5,841 units, a 15% gain from the prior month.

TRADING HALTS

Today

Magnum Mining and Exploration (ASX:MGU) – offtake agreement
Duketon Mining (ASX:DKM) – exploration results

Monday

Creso Pharma (ASX:CPH) – Health Canada license
Galan Lithium (ASX:GLN) – capital raising
Dimerix (ASX:DXB) – capital raising
Alexium (ASX:AJX) – sales update clarification

 

MARKETS

Gold: $US1,752.77 ($2,388.30) (+0.07%)
Silver: $US23.16 ($31.56) (-1.44%)
Oil (WTI): $US68.91 (-0.49%)
Oil (Brent): $US71.14 (-0.42%)
Coal: $US168.75 (+0.99%)
Iron 62pc Fe: $US167.94 (-0.66%)
AUD/USD: $US0.7335 (-0.53%)
Bitcoin: $US$44,421.30 (-3.43%)

 

WHAT GOT YOU TALKING YESTERDAY?

Earnings. And some good ones too.

And Woodside Petroleum (ASX: WPL), which is about to make the oft-delayed final investment decision on Scarborough.

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

For all you crypto lovers Stockhead’s Cryptohead Facebook group is the place to share your views, insights, tips and ideas.

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

Scroll or swipe to reveal table. Click headings to sort.’

Stocks highlighted in yellow rose after making announcements during intraday trade.

CodeCompanyPrice%Volume
CNRCannon Resources0.350.0%8,378,600
CLZClassic Min Ltd0.001550.0%61,324,148
AJXAlexium Int Group0.09734.7%16,355,484
ADAAdacel Technologies1.37533.5%1,681,653
PCLPancontinental Oil0.00233.3%1,050,000
TSCTwenty Seven Co. Ltd0.00433.3%1,045,019
ARCAust Rural Cap Ltd0.59532.2%260,127
SORStrategic Elements0.427.0%17,148,669
ADVArdiden Ltd0.01525.0%81,541,604
AFRAfrican Energy Res0.02525.0%1,994,574
CCECarnegie Cln Energy0.002525.0%6,273,173
GGXGas2Grid Limited0.002525.0%2,300,000
POWProtean Energy Ltd0.0125.0%16,961,449
CHRCharger Metals0.7124.6%9,131,873
STMSunstone Metals Ltd0.02722.7%64,490,141
RSHRespiri Limited0.0821.2%1,811,969
RLCReedy Lagoon Corp.0.02321.1%25,181,363
AVLAust Vanadium Ltd0.0320.0%42,864,913
CLECyclone Metals0.00620.0%37,273,962
DCXDiscovex Res Ltd0.00620.0%341,666

 

Among stocks with news, ASX debutante Cannon Resources (ASX:CNR) led the pack after making a strong start to listed life.

The nickel play, which was spun out of Rox Resources (ASX:ROX), raised $6m from investors at 20c and climbed to 30c for a day one gain of 50%.

Elsewhere, the two technology stocks that caught the market’s attention yesterday — air traffic control software company Adacel (ASX:ADA) and mattress tech company Alexium (ASX:AJX) both held their gains after reporting strong full-year updates.

And investment group Australian Rural Capital (ASX:ARC) rose more than 30% after flagging it had taken a 40% stake in Merewether Capital Management, a new fund set for launch this year that will be run by former Oracle stock picker Luke Winchester.

 

YESTERDAY’S LOSERS

Scroll or swipe to reveal table. Click headings to sort.

CodeCompanyPrice%Volume
ANLAmani Gold Ltd0.001-33.3%7,150
NPMNewpeak Metals0.0015-25.0%6,392,525
OEXOilex Ltd0.003-25.0%7,500,746
T3D333D Limited0.0015-25.0%4,546,009
XTCXantippe Res Ltd0.0015-25.0%850,000
PGYPilot Energy Ltd0.064-22.0%37,108,643
XSTXstate Resources0.004-20.0%4,916,971
ENVEnova Mining Limited0.025-16.7%140,434
IPBIPB Petroleum Ltd0.017-15.0%1,922,091
NTLNew Talisman Gold0.003-14.3%3,000,000
KLRKaili Resources Ltd0.025-13.8%10,000
JALJameson Resources0.095-13.6%40,000
ACBA-Cap Energy Ltd0.052-13.3%92,618
KP2Kore Potash PLC0.014-12.5%551,333
ANPAntisense Therapeutics0.175-12.5%5,532,970


The post Rise and Shine: What you need to know before the ASX opens appeared first on Stockhead.