ASX cheers France, but miners play spoilers
Shares started a shortened week on the front foot, buoyed by Sunday's French election round one results, though a slipping iron ore price weighed on miners.
Floats & IPOs
| Code | Company Name | Expected Float Date | Issue | Expected Close Date |
|---|---|---|---|---|
| CTI | Visioneering Technologies, Inc. | 27/03/2017 | 0.42 | 16 Mar 2017 |
| GMV | G Medical Innovations Holdings Limited | 31/03/2017 | 0.20 | 09 Mar 2017 |
| MAG | Magmatic Resources Limited | 24/03/2017 | 0.20 | 10 Mar 2017 |
| MEC | Morphic Ethical Equities Fund Limited | 03/05/2017 | 1.10 | 19 Apr 2017 |
| MOB | Mobilicom Limited | 05/05/2017 | 0.20 | 14 Apr 2017 |
| RTE | Retech Technology., Co Limited | 20/04/2017 | 0.50 | 27 Feb 2017 |
| SCT | Scout Security Limited | 21/04/2017 | 0.20 | 31 Mar 2017 |
Stock Watch
Go defensive to ride out a China slowdown
The peaking of China's nominal growth cycle should lead Australian investors to favour defensive, locally-focused sectors, according to Bank of America Merrill Lynch.