Ultimate magazine theme for WordPress.

Market highlights and 5 ASX small caps on Thursday at a glance

Wall Street, European stocks extend recovery

All three US benchmarks and equity markets in Europe rallied again overnight, extending the recovery for two consecutive days.

The Dow Jones rose 0.83%, the S&P 500 rose 0.82% and the technology-oriented Nasdaq rose 0.92%.

Coca Cola, Chipotle and United Airlines rose after announcing strong profits.

Netflix, meanwhile, announced that it lost subscribers during the quarter and to win them back it is now expanding to games, starting with ad-free games on mobile devices at no additional cost to subscribers.

To cryptos, where Bitcoin is rising and currently trading at the $ 32.00 level at 8 a.m. AEST, up from the $ 29,650 level on Wednesday.

The coin rose after Elon Musk said at a conference that he co-owns BTC with Dogecoin and Ethereum.

ASX 200 will open lower on Thursday

After the overnight action, the ASX 200 should open higher on the open this morning, with futures markets (September contracts) pointing 1.14% down at 8:30 a.m. AEST.

On Wednesday, the ASX 200 regained 0.78% with all 11 sectors except industrial and IT healthy.

Brisbane has won the rights to host the 2032 Summer Olympics after a unanimous, undisputed vote by the Olympic Committee.

5 ASX Small Caps You Should See Today

Prospa (ASX: PGL)
The fintech company reported a record $ 182.7 million in new business in the fourth quarter of the 21st quarter, up 798% from the fourth quarter of the 20th quarter.

Mad Paws (ASX: MPA)
The pet company gained approximately 16,000 new customers in the quarter and had gross retail value (GMV) of $ 4.1 million, up 483% from the previous quarter.

Senex energy (ASX: SXY)
Senex and Adbri (ASX: ABC) have signed a new long-term gas sales agreement to support production operations. The agreement will deliver up to 11 petajoules (PJ) of natural gas to support Adbri’s South Australian manufacturing operations through 2030.

Ether stack (ASX: ESK)
Etherstack has signed a $ 11.6 million contract with Samsung Electronics to supply Etherstack network elements to a public safety telecommunications provider customer of Samsung. Total revenue for Etherstack, consisting of license fees, project deployment revenue, and support revenue, will be $ 8.5 million (~ A $ 11.6 million).

Coda Minerals (ASX: COD)
The first two of three planned wedge holes in Coda’s most recent IOCG exploration hole DD21EB0018 (announced June 9) have now been completed. The company said the drill holes are producing exceptional visible sulphides indicating proximity to mineralizing structures.


SUBSCRIBE TO

Get the latest Stockhead news delivered to your inbox for free.

It’s free. Sign out whenever you want.

This might interest you

Comments are closed.