January 4, 2021

Australia…One Hour In…ASX up 48 points

By Scott Phillips | More Articles by Scott Phillips

ASX200 up 48 points (0.7%) to 6634.

Happy New Year, and it’s nice to be out of lockdown………

Core Lithium (+24%); No news that I can see. Lithium is the new lithium……….
Emerge Gaming (+17%); has banked its first cash receipts ($8.3m) from the Emerge operated MIGGSTER social gaming platform. MIGGSTER subscriptions continue to deliver strong daily growth.
Gold ; EVN +3.6% NCM +2.4% RMS +3%
Infratril (+2.2%); said the value of its investment in CDC Data Centres has risen sharply over the past 3 months to $2.04bn., bolstering its takeover defence against potential suitors.
Link (-12%); SS&C Technology Holdings withdrew its indicative proposal for the Australian pension fund administrator.
Travel stocks ; CTD -3.5% FLT -2.1% WEB -1.8% as mask wearing and more potential lockdowns are the new norm.

About Scott Phillips

Scott has over 35 years experience in Australian equities, starting as a “chalkie” and trader on the Stock Exchange Trading Floor and spending the last 25 years advising and trading for International Institutions. He has been an Executive Director at JPMorgan and Nomura, a Governor of the Australian Stock Exchange and was recently awarded a Lifetime Achievment award by the Australian Stockbrokers Association.

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