Asia Recap:

Commentary, News
Asia Recap:
 
10 January, 2020
 
 
 
 

American firefighters who just touched down in Melbourne have been given a heroes welcome at Sydney Airport..

Hundreds of Aussies cheered and applauded as they walked through..

Over the past week, seventy-one firefighters from Canada and the U.S. have arrived in Australia to help with the firefighting efforts.

This afternoon, the Australian sharemarket has soared to a new record high, as investors pumped money into equity market. 

The S&P/ASX 200 Index soared 54.8 points, or 0.8 per cent to 6929, capping off the benchmark’s best week since August.

CSL led the gains, rising 2.8 per cent to $299.30 while Commonwealth Bank added 1.2 per cent to $82.50.

Vocus Group shares soared 8.1 per cent to $3.20 while Orocobre firmed 6.6 per cent to $3.40.

BHP Group was the key weight on the market, sliding 0.3 per cent to $39.90 while Newcrest Mining lost 1.4 per cent to $30.74.

Evolution Mining dropped 6 per cent to $3.58 and Resolute Mining slumped 9.1 per cent to $1.11.

 

 
Pic of the day
 
 
 
Local Equity News
 
 
 
 

Winchester Energy’s (ASX: WEL) exploration success has continued into the new year, with its latest McLeod 17#3 well encountering 124 feet of potential pay and “excellent” oil and gas shows.

Situated in Winchester’s Lightning oil field, the McLeod 17#3 well has reached a total depth of 5,692ft with initial wireline logs indicating 414ft of gross Upper and Lower Cisco Sand.

Of that, 124ft of Lower Cisco Sand net pay has been identified with excellent oil and gas shows.

According to Winchester, the 124ft of sand pay exceeds the 25ft of net pay discovered at the Arledge 16#2 well.

In addition to wireline logs, a formation microlmager (FMI) log has been run in McLeod 17#3. It is expected this will uncover further potential new pay from laminated sands that may be present in the Cisco and underlying Canyon sections.

The company anticipates the total interpreted net pay within the Lower Cisco Sand will increase once FMI data has been received.

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Source: Small Caps

 
Asian Market News
 
 
 
 

Across Asia, China and Hong Kong stocks were mixed on Friday, though they were set for their sixth weekly gain, as Mideast tensions calmed while investors cheered signs of recovery in China’s economy and awaited the upcoming signing of a Sino-U.S. trade deal.

The CSI300 index fell 0.2%, to 4,157.17 points at the end of the morning session, while the Shanghai Composite Index lost 0.3%, to 3,086.85 points.

However, both indexes were on track for sixth week of gains in a row. The Shanghai Composite is up 0.1% for the week, while the CSI300 has gained 0.3%

In Hong Kong, the benchmark Hang Seng index added 0.1%, to 28,576.92 points, and was also poised for sixth weekly gain, while the Hong Kong China Enterprises Index lost 0.3%, to 11,250.20 points.

Source: CNBC

 
Recent Peak Deals
 
 
 
 
Company name: Digital Wine Ventures (ASX:DW8)
Sector: Consumer Discretionary
Year: 2019
Deal Type: Placement
Raise Amount: $1.6m
Price Change: $0.0070 +16.67%
 
Company name: Candy Club (ASX:CLB)
Sector: Consumer Discretionary
Year: 2018, 2019
Deal Type: Seed, Bridging and IPO
Raise Amount: $10m
Price Change: $0.075 +8.70%
 
Company name: Tymlez (ASX:TYM)
Sector: Technology
Year: 2018
Deal Type: Seed and IPO
Raise Amount: $10m
Price Change: $0.038 -5.00%
 
Company name: Okapi Resources (ASX:OKR)
Sector: Mining
Year: 2017
Deal Type: Seed & IPO
Raise Amount: $5m
Price Change: $0.099 Unchanged
 
Company name: Golden Mile Resources (ASX:G88)
Sector: Mining
Year: 2017
Deal Type: IPO & Placement
Raise Amount: $6m
Price Change: $0.054 Unchanged
 
Company name: Lifespot Health (ASX:LSH)
Sector: Healthcare Equipment and Services
Year: 2016
Deal Type: IPO
Raise Amount: $8m
Price Change: $0.030 Unchanged
 
Company name: Cfoam (ASX:CFO)
Sector: Materials
Year: 2016
Deal Type: IPO
Raise Amount: $9m
Price Change: $0.085 Unchanged
Company name: Paradigm (ASX:PAR)
Sector: Biotechnology
Year: 2015, 2017, 2018
Deal Type: Placements & IPO
Raise Amount: $5m
Price Change: $3.24 +4.84%
 
Company: Swift Media (ASX:SW1)
Sector: Media an Entertainment
Year: 2016
Deal Type: Reverse Takeover
Raise Amount: $4m
Price Change: $0.10 Unchanged
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