ASX Today: Market to trade flat as traders look for catalyst

ASX News
26 Feb 2024 09:34 (AEDT)

The ASX200 is set to trade flat with futures up only 0.05pc at 8.30am AEDT.

Traders will be awaiting a strong catalyst with the last US session failing to lock in any kind of performance impressive enough to stir the Aussies.

We get reports from Kogan (ASX:KGN) and Lynas (ASX:LYC) today.

On Wednesday, we get the latest Australian CPI data.

Stocks catching eyes this morning:

Infini Resources (I88) has made an exploration update.

The company has logged forty new targets at Paterson Lake.

The stock explores for both uranium and lithium.

Shares last 23c.

Orcoda Limited (ODA) has issued its first half financials.

The stock is a fleet management provider.

Operating cashflow jumped 345 per cent to $1.9M.

Shares last at 24c.

Calmer Co (CCO) has completed a “top-up placement.”

The stock is a consumer discretionary facing health and wellness brand.

Last week, it’s Fiji-sourced Kava-based products hit Walmart after also entering the Coles (ASX:COL) catalogue.

Shares last at 0.6cps.

Hot Chili (HCH) has issued a project update.

The company has flagged a resource increase at Costa Fuego.

The copper-gold project indicated category now sits at 798Mt of ore.

Shares last $1.12.

Hazer Group (HZR) has made an update on its WA-based graphite-hydrogen production.

The company says it clocked 36 hours of “continuous hot operation.”

Hazer has been long watched but long plagued by delays including Chinese parts that fell apart.

Shares last at 48.5c.


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