Global stocks’ run following Pfizer’s vaccine announcement still has further to go, “helping drive the next leg of the equity bull market”, Oxford Economics’ equity analyst Daniel Grosvenor says.

The latest vaccine news from Pfizer has Oxford upgrading global equities to ‘overweight’.

An ‘overweight’ rating means that analyst predicts stock prices should go higher in the future.

“As we highlighted in last month’s ‘equities slice’, the sectors that would benefit most from a vaccine approval continue to trade at a meaningful discount to their pre-crisis levels,” Grosvenor says.

“We felt that these sectors were well placed regardless of a vaccine approval given the ongoing global recovery, and the latest vaccine news flow removes a significant degree of the downside tail risk.”

Not everyone is winner.

Companies that thrived during the pandemic – led by mega cap tech stocks — fell on news of Pfizer’s vaccine progress.

The tech heavy, meme stock loving masses at r/wallstreetbets are not thrilled.

Tech call holders after vaccine news from r/wallstreetbets

Today, the Aussie market is charging. Again. The benchmark ASX 200 index was up 80.9 points – or 1.28 per cent – to 6,421 points by midday.

Like yesterday, some of today’s best improvers are banks, energy stocks, property companies, and those linked to travel and transportation, Commsec says.

 

WINNERS

Here are the best performing ASX small cap stocks at 12pm Wednesday November 11:

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

CODE NAME PRICE % CHANGE MARKET CAP
RXP RXP Services 0.515 51 $ 58,860,588.52
ECT Env Clean Technologies 0.0015 50 $ 9,601,032.79
FGO Fargo Enterprises 0.003 50 $ 2,371,513.41
WBE Whitebark Energy 0.003 50 $ 8,126,251.10
AXI Axiom Properties 0.086 46 $ 25,530,105.82
STG Straker Translations 1.3 44 $ 48,094,704.60
IXU Ixup 0.088 29 $ 40,506,261.49
IDZ Indoor Skydive Australia 0.018 29 $ 4,713,801.39
CFO Cfoam 0.025 25 $ 3,843,480.52
MLS Metals Australia 0.0025 25 $ 8,381,807.15
VPR Volt Power Group 0.0025 25 $ 18,339,067.12
CM8 Crowd Media 0.083 24 $ 26,435,673.63
SKN Skin Elements 0.023 21 $ 6,189,585.01
AQC Australia Pacific Coal 0.25 19 $ 10,601,810.10
AQS Aquis 0.026 18 $ 785,821.87
COO Corum Group 0.105 18 $ 53,111,354.22
SCU Stemcell United 0.02 18 $ 11,417,342.19
RVR Red River Resources 0.245 17 $ 108,732,617.07
AUQ Alara Resources 0.014 17 $ 7,618,635.78

Digital consulting services outlet RXP Services (ASX:RXP) is leading the ASX’s winners list this morning after a $95 million takeover offer.

The deal, at 55 cents per share, is a 62 per cent premium to yesterday’s closing price. It also includes a special dividend of 5 cents per share.

Data analytics company IXUP (ASX:IXU) came out of a nine-day trading halt to announce a $5.75m share placement along with a push into the global gaming sector and some board changes.

Shares in the company rallied to a multi-year high of 9c, although the stock is still off its November 2017 listing price of 20c.

Real estate investment stock Axiom Properties (ASX:AXI) announced it reached a deal to sell the South Australian Emergency Services State Command Centre for $80 million.

Straker Translations (ASX:STG) reached an agreement with computing giant IBM, sending the stock up 44 per cent.

And social commerce company Crowd Media (ASX:CM8) has successfully executed the first rollout of its “talking head” platform for professional skincare company MDComplete.eu. 12 months ahead of schedule.

 

LOSERS

Here are the worst performing ASX small cap stocks at 12pm Wednesday November 11:

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

CODE NAME PRICE % CHANGE MARKET CAP
REZ Resources & Energy Group 0.073 -30 $ 45,326,482.85
CCE Carnegie Clean Energy 0.0015 -25 $ 22,282,904.90
CLZ Classic Minerals 0.0015 -25 $ 26,678,279.47
DME Dome Gold Mines 0.14 -24 $ 54,558,555.35
ENV Enova Mining 0.025 -22 $ 10,837,083.01
MGV Musgrave Minerals 0.44 -18 $ 254,013,872.48
BSM Bass Metals 0.0025 -17 $ 11,981,027.21
ROG Red Sky Energy 0.0025 -17 $ 6,138,549.83
DC2 DC Two 0.49 -16 $ 17,751,600.95
VIC Victory Mines 0.003 -14 $ 15,457,125.22
BBL Brisbane Broncos 0.39 -13 $ 44,118,283.95
LCY Legacy Iron Ore 0.007 -13 $ 49,977,908.14
STM Sunstone Metals 0.014 -13 $ 35,359,802.34
INP Incentiapay 0.022 -12 $ 17,955,741.30
HCD Hydrocarbon Dynamic 0.023 -12 $ 9,018,977.42
ANP Antisense Therapeutics 0.1025 -11 $ 56,233,639.67
CLB Candy Club 0.13 -10 $ 32,508,127.10
AZI Alta Zinc 0.0045 -10 $ 18,053,495.88
EVE EVE Investments 0.009 -10 $ 38,431,418.90
GLV Global Oil & Gas 0.009 -10 $ 6,536,245.28