To prevent the global economy from collapsing in on itself during COVID-19, major governments and central banks have splashed plenty of cash.

The response has raised talking points around the merits and possible risks of “helicopter money” flowing into the financial system.

But a citizen of Chongqing in south-west China has taken the concept to a new level, recently scattering a stream of bank notes from his 30th-floor apartment window onto the street below.

(Reports indicate that it may have had less to do with improving liquidity in the local financial system, and more to do with excess consumption of methamphetamine).

To markets, and the ASX is still stuck in a rut as investors assess the outlook ahead of next week’s US federal election.

Shortly after midday AEST, the ASX200 was down by around 0.35 per cent, with similar falls on the Emerging Markets Index.

After threatening to fall below US70c, the AUD has found support in Asian trade while gold is back below $US1,900 an ounce.

WINNERS

Here are the best performing ASX small cap stocks at 12pm Friday October 30:

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

Stocks highlighted in yellow have made market-moving announcements

CODE NAME PRICE % CHANGE MARKET CAP
NGS NGS Ltd 0.315 58 $ 8,605,358
MLS Metals Australia 0.002 33 $ 5,472,529
VIC Victory Mines Ltd 0.004 33 $ 13,248,964
ICQ Icar Asia Ltd 0.44 33 $ 142,364,655
CCR Credit Clear 1.11 31 $ 134,621,275
GLV Global Oil & Gas 0.015 25 $ 4,798,567
ROG Red Sky Energy. 0.0025 25 $ 4,072,367
YPB YPB Group Ltd 0.0025 25 $ 8,395,815
AMP AMP Limited 1.55 21 $ 4,398,847,028
MGT Magnetite Mines 0.0085 21 $ 19,994,118
FTC Fintech Chain Ltd 0.12 20 $ 65,076,959
IRD Iron Road Ltd 0.15 20 $ 86,710,454
MRD Mount Ridley Mines 0.003 20 $ 7,713,033
PRM Prominence Energy NL 0.006 20 $ 2,450,360
SHH Shree Minerals Ltd 0.013 18 $ 8,901,606
WSI Weststar Industrial 0.027 17 $ 22,400,541
RCL Readcloud 0.42 17 $ 35,979,488
VN8 Vonex Limited 0.185 16 $ 30,001,464
UCW UCW Ltd 0.15 15 $ 15,276,878
CZR CZR Resources Ltd 0.015 15 $ 37,089,246
SRY Story-I Limited 0.015 15 $ 4,808,918

 

It’s by no means a small cap, but embattled financial services company AMP (ASX:AMP) turned some heads after getting a takeover bid from US private equity firm Ares.

With quarterlies season in full swing, it was tech stocks which ruled the roost this morning after markets responded to the latest round of trading updates.

And amid unexpectedly strong steel demand out of China, a number of junior iron ore players are basking in the glow as benchmark iron ore prices remain supported above $US100 a tonne.

LOSERS

Here are the best performing ASX small cap stocks at 12pm Friday October 30:

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

CODE NAME PRICE % CHANGE MARKET CAP
ANW Aus Tin Mining 0.001 -33 $ 5,477,994
CLZ Classic Min Ltd 0.0015 -25 $ 26,678,279
PNN PepinNini Minerals 0.17 -23 $ 4,029,762
ELT Elementos Limited 0.004 -20 $ 15,533,019
WSA Western Areas Ltd 1.9 -19 $ 643,656,792
MPR Mpower Group Limited 0.028 -18 $ 5,400,778
ARN Aldoro Resources 0.145 -17 $ 11,616,641
ARO Astro Resources NL 0.005 -17 $ 8,777,471
BSM Bass Metals Ltd 0.0025 -17 $ 11,981,027
XTC Xantippe Res Ltd 0.0025 -17 $ 12,223,693
CRO Cirralto Ltd 0.043 -16 $ 81,188,404
IGN Ignite Ltd 0.027 -16 $ 2,866,630
SCT Scout Security Ltd 0.14 -15 $ 15,785,176
RAP Resapp Health Ltd 0.095 -14 $ 83,393,144
BCT Bluechiip Limited 0.041 -13 $ 27,873,239
FUN Funtastic Limited 0.11 -12 $ 30,050,509
ICI Icandy Interactive 0.15 -12 $ 78,663,326
IPB IPB Petroleum Ltd 0.031 -11 $ 9,891,170
SGC Sacgasco Ltd 0.04 -11 $ 12,353,266
LCY Legacy Iron Ore 0.008 -11 $ 56,225,147