With 14 hours until the US election, many of us are on the edge of our seats…
The election certainly magnifies the ‘second wave’ risk to markets.
Putting aside the RBA’s likely rate cut and fresh QE measures, investors still face the task of navigating the uncertainty of the US election and a global pandemic that is raging again…
Across Markets…
This Afternoon, the Australian sharemarket closed firmly higher on Monday, recouping some of its losses from Friday ahead of a busy week for global markets.
The S&P/ASX 200 Index rose 23.7 points, or 0.4 per cent, to 5951.3.
ANZ led the gains, rising 2.4 per cent to $19.26 while NAB advanced 1.2 per cent to $18.82 and Sydney Airport firmed 4.4 per cent to $5.69.
AMP jumped 9.8 per cent to $1.68 after the takeover bid by Ares was valued at $1.85 a share while CSR climbed 5.7 per cent to $4.66 after reporting a resilient performance from its building materials division.
CSL led the market losses, dropping 0.5 per cent to $286.05 while Transurban dipped 1.4 per cent to $13.27 and Westpac fell 0.6 per cent to $17.80 after reporting its full year result.
Avita Therapeutics was the worst performer, falling 5.1 per cent to $5.63, while PolyNovo dipped 4.6 per cent to $2.48.
Source: AFR
Australian ‘venture builder’ Strategic Elements (ASX: SOR) has outlined its development pathway for the remainder of 2020 after a recent $5.1 million capital raising provided the boost needed to fast-track plans.
The pooled development fund advised the market of its short-term goals, which includes scaling up fabrication of a printable battery ink, testing the neuromorphic computing potential of its Nanocube Memory ink cells, and expanding on its autonomous security vehicle and autonomous robotics platform collaborations.
In addition to these objectives, Strategic Elements said it will also seek “further acquisitions in Australian innovation”.
Source: Small Caps
Across Asia, China’s blue-chip stocks started the month on a firm note on Monday, with consumer stocks leading gains, as a private survey showing strong factory activity in China underscored its swift economic recovery from the coronavirus crisis.
The CSI300 index rose 0.4% to 4,712.46 points at the end of the morning session, while the Shanghai Composite Index lost 0.1% to 3,222.91 points.
The CSI300 consumer discretionary index advanced 3.2%, with bellwether Midea Group Co Ltd rising 6.5% to a record high.
Activity in China’s factory sector accelerated at the fastest pace in nearly a decade in October as domestic demand surged, a private business survey showed on Monday, adding further momentum to the economic recovery.
Source: Reuters
Sector: Consumer Discretionary
Year: 2019
Deal Type: Placement
Raise Amount: $2.2m
Price Change: $0.042 -4.55%
Sector: Consumer Discretionary
Year: 2018, 2019
Deal Type: Seed, Bridging and IPO
Raise Amount: $10m
Price Change: $0.14 -15.15%
Sector: Technology
Year: 2018
Deal Type: Seed and IPO
Raise Amount: $10m
Price Change: $0.10 +6.38%
Sector: Mining
Year: 2017
Deal Type: Seed & IPO
Raise Amount: $5m
Price Change: $0.17 -8.11%
Sector: Mining
Year: 2017
Deal Type: IPO & Placement
Raise Amount: $6m
Price Change: $0.059 -4.84%
Sector: Healthcare Equipment and Services
Year: 2016
Deal Type: IPO
Raise Amount: $8m
Price Change: $0.060 Unchanged
Sector: Materials
Year: 2016
Deal Type: IPO
Raise Amount: $9m
Price Change: $0.018 -10.00%
Sector: Biotechnology
Year: 2015, 2017, 2018
Deal Type: Placements & IPO
Raise Amount: $5m
Price Change: $2.78 +2.96%
Sector: Media an Entertainment
Year: 2016
Deal Type: Reverse Takeover
Raise Amount: $4m
Price Change: $0.038 -2.56%
Sector: mining
Year: 2018, 2019, 2020
Deal Type: Placements & Rights Offer
Raise Amount: $1.5m
Price Change: $0.0070 -12.50%
Sector: Discretionary
Year: 2020
Deal Type: Placement
Raise Amount: $1.3M
Price Change: $0.0060 Unchanged
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 $0.045 -10.00%
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: $0.0070 Unchanged
Sector: Mining (Gold/Silver)
Year: 2020
Deal Type: Placement
Raise Amount: $2.3m
Price Change: $0.014 -6.67%
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