ASX Lunch Small Cap Wrap: Who's snapping up hot commodities this morning?

Last year toilet paper was the hot commodity Australians hoarded, now it is COVID antigen tests.

Australian medical regulators were late to approve rapid antigen tests, only doing so in October this year.

Escalating case numbers and extensive queues for state funded PCR tests – some of which are only being done for domestic travel purposes – have led to people wanting to take matters into their own hands.

But packs have been selling out across NSW and Victoria — hindered by global supply chain issues even before the current omicron outbreak.

National Cabinet today will reportedly address the shortage, among other issues.

Speaking of hot commodities, there’s set to be plenty of them in Boxing Day – which is only four sleeps away. The Commonwealth Bank released research yesterday showing Australians planned to spend an average of $550, which would be up 14% from a year ago.

After months of being locked down at home, the majority of customers are planning to go in store — with 41% wanting to go in-store alone with another 28% planning to shop both in-store and online.

And across December as a whole, CBA customers are likely to spend 22% more in December relative to the average of all other months of the year.

To equity markets…

The ASX 200 fell by 0.22% to 7,339 points.

Tech and travel stocks rebounded on easing concerns over inflation and omicron. BNPL leader Afterpay (ASX:APT) jumped by around 5% following a 7.69% gain for its (soon to be) owner Block Inc (formerly Square).

ASX SMALL CAP WINNERS

Here are the best performing ASX small cap stocks for December 22 [intraday]:

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Code	Name	Price	% Change	Volume
BAS	Bass Oil Ltd	0.002	100	500000
WOO	Wooboard Tech Ltd	0.002	100	1
ALT	Analytica Limited	0.002	33	590000
OEX	Oilex Ltd	0.004	33	3000000
CGB	Cann Global Limited	0.0025	25	1852603
SBR	Sabre Resources	0.005	25	100000
CNB	Carnaby Resource Ltd	0.545	24	2073077
NGY	Nuenergy Gas Ltd	0.03	20	200000
ROO	Roots Sustainable	0.006	20	82000
WEL	Winchester Energy	0.013	18	792237
DDD	3D Resources Limited	0.0035	17	3100000
APV	Appsvill	0.038	15	1856489
AYM	Australia United Min	0.008	14	202885
TPD	Talon Energy Ltd	0.008	14	1927382
BKY	Berkeley Energia Ltd	0.205	14	27715
AYA	Artryalimited	1.25	14	25102
KMT	Kopore Metals Ltd	0.025	14	78786
PHL	Propell Holdings Ltd	0.095	13	372900
MXO	Motio Ltd	0.089	13	311060
XRG	Xreality Group Ltd	0.054	13	305854
WR1	Winsome Resources	0.315	13	961728
TSC	Twenty Seven Co. Ltd	0.0045	13	1224999
ATA	Atturralimited	0.56	12	6556689

Penny tech stock AppsVillage (ASX:APV) told shareholders it received conditional approval to list on the TSX Venture Exchange in Canada and had obtained CA$2.9 million in financing.

In the energy sector, Winchester Energy (ASX:WEL) reported achieving US$996,507 ($1.4 million) in gross gas revenue accurals for the month of November.

ASX SMALL CAP LOSERS

Here are the worst performing ASX small cap stocks for December 22 [intraday]:

Swipe or scroll to reveal full table. Click headings to sort:


Code	Name	Price	% Change	Volume
STP	Step One Limited	1.705	-27	3947889
AQC	Auspaccoal Ltd	0.125	-17	13223
VBC	Verbrec Limited	0.125	-17	6264
ZMM	Zimi Ltd	0.012	-14	4956
9SP	9 Spokes Int Limited	0.007	-13	325387
AO1	Assetowl Limited	0.004	-11	100000
AXP	AXP Energy Ltd	0.008	-11	1411102
LME	Limeade Inc.	0.42	-11	54000
MCT	Metalicity Limited	0.009	-10	161111
MRQ	Mrg Metals Limited	0.009	-10	585525
OXX	Octanex Ltd	0.018	-10	117402
PWN	Parkway Corp Ltd	0.009	-10	106075
KLL	Kalium Lakes Ltd	0.14	-10	8644218
IMB	Intelligent Monitor	0.385	-10	54814
GLH	Global Health Ltd	0.345	-10	4350
AXI	Axiom Properties	0.072	-9	1016
TMR	Tempus Resources Ltd	0.105	-9	80097
BIR	BIR Financial Ltd	0.021	-9	81116
14D	1414 Degrees Limited	0.11	-8	136273
ZBT	Zebit Inc.	0.225	-8	124716
TAS	Tasman Resources Ltd	0.024	-8	50000
NEU	Neuren Pharmaceut.	3.59	-7	384502
HIQ	Hitiq Limited	0.13	-7	10000

Step One (ASX:STP) fell after telling shareholders it had identified a possible overclaim of GST credits on an Australian supply made by a foreign corporation which was not previously identified and it would have a $1.6 million impact pre-tax.

Potash aspirant Kalium Lakes (ASX:KLL) dropped after a shareholder update in which it revealed potassium salts harvested this year would be lower than initially targeted.