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 |