The feeling that 2021 could be a boom year for a range of beaten down sectors – like tourism and retail — is gaining traction.

Commodities like oil, copper and iron ore, decent barometers of perceived economic activity, have been advancing strongly.

On Friday, iron ore hit near eight-year highs of $US145.30 a tonne.

Another gauge of the health of the economy is the so-called ‘luxury vehicle sales index’.

Commsec says home prices and luxury vehicle sales appear to rise and fall loosely at the same time.

In November, new vehicle sales were up 12.4 per cent on a year ago – the first annual gain for around two-and-a-half years — while home prices rose 0.8 per cent to be up 3.1 per cent for the year.

Will November be the month that the broader market turns the corner?

“The outlook is far from certain,” Craig James, chief economist at CommSec says.

“But Australia’s success in suppressing the virus and the upcoming vaccine rollout both give plenty of scope for optimism.”

The benchmark ASX 200 index is starting the new week with solid gains, up ~0.7 per cent to 6,680 point by midday Eastern Time.

 

WINNERS

Here are the best performing ASX small cap stocks at 12pm Monday December 7:

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Code Name Price % Change Volume Market Cap
PCL Pancontinental Oil 0.0015 50 950000 $ 5,406,715.49
CCE Carnegie Cln Energy 0.002 33 300300 $ 16,994,678.67
OGC OceanaGold 2.45 29 2368331 $ 133,588,861.30
CPH Creso Pharma 0.125 25 48526296 $ 68,841,841.70
LPD Lepidico 0.01 25 25192361 $ 41,485,880.30
VPR Volt Power Group 0.0025 25 1167000 $ 18,339,067.12
XTC Xantippe Resources 0.0025 25 1914000 $ 8,149,128.80
SI6 SI6 Metals 0.022 22 76765902 $ 19,966,800.08
LOT Lotus Resources 0.11 21 3487923 $ 71,541,977.34
PSL Paterson Resources 0.003 20 1367500 $ 11,263,832.65
PUR Pursuit Minerals 0.024 20 16044899 $ 14,711,472.46
PWN Parkway Minerals 0.012 20 33281548 $ 19,007,539.83
VAL Valor Resources 0.006 20 10564477 $ 9,604,240.43
WBE Whitebark Energy 0.003 20 267000 $ 10,157,813.88
HXL Hexima 0.19 19 296271 $ 19,259,585.44
PDZ Prairie Mining 0.2 18 1600 $ 38,820,365.13
PF1 Pathfinder Resources 0.235 18 746241 $ 9,944,838.00
BMN Bannerman Resources 0.054 17 5729291 $ 49,443,194.85
OIL Optiscan Imaging 0.14 17 1510646 $ 71,607,636.00
ADX ADX Energy 0.007 17 385714 $ 10,352,299.07
AGE Alligator Energy 0.007 17 33154274 $ 12,739,804.91
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Control Bionics (ASX:CBL) has begun life on the ASX on a solid note, more than doubling its IPO price.

Control Bionics raised $15 million at 60 cents per share at its IPO. Shares quickly rose to $1.21 at market open – a gain of over 100 per cent.

The company’s technology solutions help people with disabilities which hinder verbal communication, such as cerebral palsy and motor-neurone disease.

On Friday, a Senate Committee in the US – the world’s nuclear powerhouse — approved a bill advancing the creation of a US national strategic uranium reserve.

Which is good news for our cabal of ASX-listed companies.

A number of explorers shot higher in morning trade, including Lotus Resources (ASX:LOT), Bannerman Resources (ASX:BMN), and Alligator Energy (ASX:AGE).

 

LOSERS

Here are the worst performing ASX small cap stocks at 12pm Monday December 7:

Code Name Price % Change Volume Market Cap
ECT Env Clean Tech 0.001 -33 410000 $ 14,401,549.18
S2R S2 Resources 0.17 -32 2593518 $ 78,722,794.75
ANL Amani Gold 0.0015 -25 5500001 $ 18,773,993.49
CLZ Classic Minerals 0.0015 -25 45473977 $ 30,536,536.61
MRD Mount Ridley Mines 0.0025 -17 20754965 $ 9,255,639.13
VIC Victory Mines 0.0025 -17 3974006 $ 13,248,964.47
8IH 8I Holdings 0.16 -16 56863 $ 68,734,227.29
KOR Korab Resources 0.012 -14 406950 $ 4,654,901.73
LSH Lifespot Health 0.077 -13 309133 $ 11,994,840.88
ARO Astro Resources 0.004 -11 588088 $ 13,480,618.55
DDD 3D Resources 0.0045 -10 1358653 $ 18,076,860.46
AZI Alta Zinc 0.005 -9 450000 $ 19,858,845.47
GMN Gold Mountain 0.04 -9 625979 $ 32,057,146.62
BMG BMG Resources 0.1 -9 388103 $ 26,399,082.38
AMT Allegra Orthopaedics 0.365 -9 309310 $ 41,783,681.20
CY5 Cygnus Gold 0.165 -8 5000 $ 19,452,617.64
MRZ Mont Royal Resources 0.275 -8 20000 $ 9,907,329.00
CUL Cullen Resources 0.022 -8 241008 $ 7,198,023.77
MRG Murray River Group 0.011 -8 467583 $ 26,468,888.52
MRR Minrex Resources 0.022 -8 507193 $ 11,307,289.32
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