Historically, the US share market rises on election day and falls the day after.

Research by Aussie broker IC Markets shows the Dow Jones rallying on the day of the US election 80 per cent of the time since 1984.

It retreats the following day more than 75 per cent of the time.

Which is important for the Aussie bourse, as we tend to follow Wall Street’s lead.

As predicted, US share markets rallied on election day Tuesday as investors anticipated a clear election winner.

“The lead for Democratic Party nominee Joe Biden in national opinion polls raised expectations for a decisive outcome and post-election stimulus package,” CommSec says.

But this bats..t crazy year is like no other on record. Another curveball would surprise no one.

Case in point: the Aussie market has ignored Wall Street’s gains, trading 1.15 per cent lower to 5,996.9 point by midday Wednesday.

 

WINNERS

Here are the best performing ASX small cap stocks at 12pm Wednesday November 4:

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Code Name Price % Change Market Cap
4CE Force Commodities 0.018 50 $ 6,691,857.08
CLZ Classic Minerals 0.0015 50 $ 13,339,139.73
MX1 Micro-X 0.255 38 $ 66,076,050.22
MRD Mount Ridley Mines 0.004 33 $ 9,255,639.13
VIC Victory Mines 0.004 33 $ 13,248,964.47
XPE Xped 0.002 33 $ 2,689,293.04
TSO Tesoro Resources 0.38 31 $ 122,037,890.19
MCM Mc Mining 0.13 30 $ 15,441,955.50
SBR Sabre Resources 0.009 29 $ 8,754,523.81
CFO Cfoam 0.022 22 $ 3,459,132.47
IVT Inventis 0.011 22 $ 8,431,792.37
KSS Kleos 0.8 22 $ 85,718,213.16
ASN Anson Resources 0.036 20 $ 23,503,532.07
AVE Avecho Biotech 0.012 20 $ 15,974,574.20
BSM Bass Metals 0.003 20 $ 9,984,189.34
BKY Berkeley Energia 0.415 19 $ 90,511,897.00
GRL Godolphin Resources 0.32 19 $ 18,447,799.41
RTR Rumble Resources 0.17 17 $ 75,863,134.21
CE1 Calima Energy 0.007 17 $ 13,151,629.25
ARR American Rare Earths 0.11 16 $ 27,637,361.24

Force Commodities (ASX:4CE) now owns a stake in a couple of high grade copper projects in the Middle Eastern country of Oman.

High flyin’ explorer Tesoro Resources (ASX:TSO) has hit wide, high grade gold at the El Zorro project.

And biotech Avecho (ASX:AVE) announced that toxicology studies into its drug deliver platform were successful.

LOSERS

Here are the worst performing ASX small cap stocks at 12pm Wednesday November 4:

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Code Name Price % Change Market Cap
CCE Carnegie Clean Energy 0.0015 -25 $ 22,282,904.90
MLS Metals Australia 0.0015 -25 $ 8,381,807.15
OEX Oilex 0.0015 -25 $ 8,239,260.00
ESR Estrella Resources 0.145 -22 $ 145,733,342.63
WKT Walkabout Resources 0.11 -19 $ 47,133,042.08
YPB YPB Group 0.0025 -17 $ 12,593,722.39
PPH Pushpay Holdings 7.52 -14 $ 2,409,203,365.66
NVU Nanoveu 0.052 -13 $ 5,383,770.84
PSL Paterson Resources 0.0035 -13 $ 18,022,132.24
IPB IPB Petroleum 0.032 -11 $ 10,173,775.25
AOU Auroch Minerals 0.175 -10 $ 45,093,407.78
ARO Astro Resources 0.0045 -10 $ 14,529,883.93
SRN Surefire Resources 0.029 -9 $ 20,100,916.48
RNU Renascor Resources 0.01 -9 $ 18,121,171.33
PSC Prospect Resources 0.1 -9 $ 36,529,940.81
BGT Bio-Gene Technology 0.15 -9 $ 25,015,675.91
CBY Canterbury Resources 0.105 -9 $ 9,994,841.13
SHK Stone Resources 0.033 -8 $ 30,097,933.49
RDM Red Metal 0.11 -8 $ 29,471,009.16