Well, that was certainly a change of pace.
Our first day back in the office and 4 coffee's later…
2020 was a huge year for markets. Which leads us to question…
What's in store for 2021?
What companies are best positioned to benefit from the COVID 19 vaccine?
Our managing director Niv Dagan sat down with Stockhead to talk markets, trends and themes ahead for the year 2021
Click here, to read.
Across markets…
This Afternoon, the Australian sharemarket advanced to a three-week high as investors brushed off political turmoil in Washington and charged into iron ore miners and energy stocks as commodities rallied on US stimulus hopes.
The S&P/ASX 200 Index gained 104.9 points, or 1.6 per cent, to 6712 points after a jump in the spot iron ore price to $US168 a tonne sparked a rally in the big mining stocks. It was the biggest percentage gain in nearly two months.
Commodity prices have been boosted by the Democrat victory in the Georgia Senate run-off, easing the way for the potential passage of a stimulus package to boost growth in the world's largest economy.
Copper prices rose to an eight-year high, while the Brent crude oil price neared $US55 a barrel – its highest since February.
Source: AFR
When, on the first day of trading in New York for 2021, gold initially climbed US$50 per ounce (A$65/oz) above its previous close, opinion was divided as to the cause of its (and silver’s) burst upwards.
Silver was up US$0.87 (A$1.10) at the Comex open on Monday, also a healthy jump.
Gold decoupling from equities was one opinion. Fear of reinflation another. General concern about the global economy and an equity market crash, another.
Jeremy Grantham, co-founder of Boston-based investment firm GMO and almost always described as a “legendary investor”, began the new year with a warning.
“The long, long bull market since 2009 has finally matured into a fully-fledged epic bubble,” he wrote.
“Featuring extreme overvaluation, explosive price increases, frenzied issuance, and hysterically speculative investor behaviour, I believe this event will be recorded as one of the great bubbles of financial history, right along with the South Sea bubble, 1929, and 2000.”
Source: Small Caps
Across Asia, mainland China stocks advanced further on Thursday, with the blue-chip index hitting a fresh 13-year high, although Hong Kong shares came under pressure as the New York Stock Exchange said it would delist three Chinese telecom companies.
At the midday break, the Shanghai Composite index was up 0.37% at 3,563.85 points, while China’s blue-chip CSI300 index was up 1.01% to 5,472.38, the highest level since January 2008.
The smaller Shenzhen index was up 0.22%, the start-up board ChiNext Composite index was higher by 0.78% and Shanghai’s tech-focused STAR50 index was down 1.73%.
Chinese H-shares listed in Hong Kong fell 1.3% to 10,758.31, while the Hang Seng Index was down 0.43% at 27,571.95.
Source: Reuters
Sector: Consumer Discretionary
Year: 2019
Deal Type: Placement
Raise Amount: $2.2m
Price Change: $0.045 +2.27%
Sector: Satellite Communication
Year: 2020
Deal Type: Placement
Raise Amount: $5m
Price Change: $0.34 +4.69%
Sector: Vertical Farming
Year: 2020
Deal Type: Placement
Raise Amount: $1.53m
Price Change: $0.063 +5.00%
Sector: Consumer Discretionary
Year: 2018, 2019
Deal Type: Seed, Bridging and IPO
Raise Amount: $10m
Price Change: $0.14 +8.00%
Sector: Technology
Year: 2018
Deal Type: Seed and IPO
Raise Amount: $10m
Price Change: $0.086 +8.86%
Sector: Mining
Year: 2017
Deal Type: Seed & IPO
Raise Amount: $5m
Price Change: $0.24 +11.63%
Sector: Mining
Year: 2017
Deal Type: IPO & Placement
Raise Amount: $6m
Price Change: $0.060 Unchanged
Sector: Healthcare Equipment and Services
Year: 2016
Deal Type: IPO
Raise Amount: $8m
Price Change: $0.079 +5.33%
Sector: Materials
Year: 2016
Deal Type: IPO
Raise Amount: $9m
Price Change: $0.037 -5.13%
Sector: Biotechnology
Year: 2015, 2017, 2018
Deal Type: Placements & IPO
Raise Amount: $5m
Price Change: $2.40 -1.23%
Sector: Media an Entertainment
Year: 2016
Deal Type: Reverse Takeover
Raise Amount: $4m
Price Change: $0.039 +5.41%
Sector: mining
Year: 2018, 2019, 2020
Deal Type: Placements & Rights Offer
Raise Amount: $1.5m
Price Change: $0.010 Unchanged
Sector: Discretionary
Year: 2020
Deal Type: Placement
Raise Amount: $1.3M
Price Change: $0.075 -11.76%
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 $0.13 +4.00%
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: $0.011 -8.33%
Sector: Mining (Gold/Silver)
Year: 2020
Deal Type: Placement
Raise Amount: $2.3m
Price Change: $0.013 Unchanged
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
Peak accepts no responsibility for any views expressed and marketing material contained in this email except where the message specifically states otherwise and the sender is authorised to state them to be the views of Peak. Information provided in this email is general advise only and does take account your objectives, financial situation or needs. Before acting on any advice in this email, Peak recommends that you consider whether it is appropriate for your circumstances. If this email contains reference to any financial products, you should obtain the current Product Disclosure Statement (PDS) or other disclosure documents for the particular products and consider this information before making any decisions regarding the products. The Financial Services Guide (FSG) can be found at www.peakassetmanagement.com.au or by telephoning Peak on 1300 304 460
