It's been another cracking day in Melbourne, and we're ready to have a few cold ones…
Happy Friday and enjoy your weekend!
Across markets…
The S&P/ASX 200 Index has closed 0.2 per cent lower over the week after dropping 1.3 per cent on Friday as CSL and the miners weighed on the benchmark. The index closed at 6793.8 points.
Market heavyweight CSL lost 5 per cent on Friday, ending the week at $274.73.
In resources, Fortescue Metals Group closed 3.7 per cent lower at $23.97 on Friday and Woodside Petroleum fell 5.3 per cent to $24.
Among the company’s boosted by release results on Friday, Lovisa jumped 19.3 per cent to $13.12 and Cochlear climbed 8.4 per cent to $221.68.
Morgan Stanley hikes Afterpay price target from $136 to $170 citing Afterpay’s momentum and the supporting macro climate.
Source: AFR
K-TIG (ASX: KTG) is geared up to shoulder into the US$800 billion global carbon steel market after successfully developing welding procedures for the material.
Using its disruptive keyhole welding technology, K-TIG has created welding processes for A516 Grade 70 carbon steel, which is a high-strength, low-alloy steel plate used globally to make critical components for heavy industries.
It is used in industries such as petroleum, chemical and nuclear energy to make heavy duty components such as gas tanks, nuclear pressure shells and turbine volutes.
To work with the carbon steel material, K-TIG adapted its technology for single pass butt welding and multi pass welding using A516 material.
Results were independently verified and certified to globally recognised American Society of Mechanical Engineers (AMSE) standards.
Source: Small Caps
China and Hong Kong stocks dropped on Friday, as investors fret over liquidity conditions following a report that the China central bank was focusing more on money market interest rates than the size of its operations.
The CSI300 index was down 0.8% at 5,724.10 points at the end of the morning session, while the Shanghai Composite Index lost 0.3% to 3,663.74 points.
The Hang Seng index dropped 0.9% to 30,335.51 points, while the Hong Kong China Enterprises Index lost 0.7% to 11,960.62.
For the holiday-shortened week, CSI300 shed 1.4%, while SSEC added 0.2%.
HSI was up 0.5% for the week, while HSCE gained 0.7%.
With 100 billion yuan ($15.45 billion) worth of reverse repos maturing on Friday, China’s central bank drained a net 80 billion yuan on the day.
Source: Reuters
Sector: Consumer Discretionary
Year: 2019
Deal Type: Placement
Raise Amount: $2.2m
Price Change: $0.058 +7.41%
Sector: Satellite Communication
Year: 2020
Deal Type: Placement
Raise Amount: $5m
Price Change: $0.29 +1.75%
Sector: Vertical Farming
Year: 2020
Deal Type: Placement
Raise Amount: $1.53m
Price Change: $0.057 -5.00%
Sector: Consumer Discretionary
Year: 2018, 2019
Deal Type: Seed, Bridging and IPO
Raise Amount: $10m
Price Change: $0.22 Unchanged
Sector: Technology
Year: 2018
Deal Type: Seed and IPO
Raise Amount: $10m
Price Change: $0.041 +2.50%
Sector: Mining
Year: 2017
Deal Type: Seed & IPO
Raise Amount: $5m
Price Change: $0.185 -2.63%
Sector: Mining
Year: 2017
Deal Type: IPO & Placement
Raise Amount: $6m
Price Change: $0.044 -4.35%
Sector: Healthcare Equipment and Services
Year: 2016
Deal Type: IPO
Raise Amount: $8m
Price Change: $0.135 +17.39%
Sector: Materials
Year: 2016
Deal Type: IPO
Raise Amount: $9m
Price Change: $0.029 Unchanged
Sector: Biotechnology
Year: 2015, 2017, 2018
Deal Type: Placements & IPO
Raise Amount: $5m
Price Change: $2.55 -1.92%
Sector: Media an Entertainment
Year: 2016
Deal Type: Reverse Takeover
Raise Amount: $4m
Price Change: $0.041 -4.65%
Sector: mining
Year: 2018, 2019, 2020
Deal Type: Placements & Rights Offer
Raise Amount: $1.5m
Price Change: $0.011 Unchanged
Sector: CBD
Year: 2021
Deal Type: Placement
Raise Amount: $5M
Price Change: $0.023 -4.17%
Sector: Hemp & CBD
Year: 2020
Deal Type: Pre IPO
Raise Amount: $2.5m
Sector: Psychedelic assisted Therapy
Year: 2020
Deal Type: Pre IPO
Raise Amount: $1.5m
Price Change: CAD $0.18 +19.35%
Sector: Mining
Year: 2020
Deal Type: Placement
Raise Amount: $333k
Sector: Gaming & Digital Advertising
Year: 2020
Deal Type: Placement
Raise Amount: $1.25m
Sector: Mining (Gold)
Year: 2020
Deal Type: Placement
Raise Amount: $982k
Price Change: $0.007 Unchanged
Sector: Mining (Gold/Silver)
Year: 2020
Deal Type: Placement
Raise Amount: $2.3m
Price Change: $0.012 Unchanged
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