It’s a bullish vibe on Australian markets today, with the ASX200 trading back above 7,000 into midday trade.

If the index holds on this afternoon, it will mark the first close above 7,000 since February 21, 2020 — the last market top before a month of COVID-19 armageddon saw it bottom out at 4,526 on March 23.

The ASX Small Ordinaries outpaced the ASX200’s ~0.6pc rise with a gain of around one per cent in morning trade.

US inflation data overnight showed CPI rose by 0.6pc in March, the biggest monthly gain since 2012.

But markets are so far looking through that, with bond yields easing back from their March highs after the February jump that caught investors on the hop and sent tech/growth stocks crashing back to earth.

The ASX’s beacon of high-growth tech — Afterpay (ASX:APT) — is perhaps most representative of the fade out in the inflation trade.

From all-time highs near $160 in February, the stock dipped back below $100 in March but has jumped back to around $130 so far in April.
 

WINNERS

Here are the best performing ASX small cap stocks at 12pm Wednesday April 14:

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Code Name Price % Change Volume Market cap
ONX Orminex Ltd 0.063 58 11,753,171 $21,690,182
ANL Amani Gold Ltd 0.0015 50 2,000,000 $10,786,997
CLZ Classic Min Ltd 0.0015 50 17,757,900 $17,557,191
PHL Propell Holdings Ltd 0.265 33 6,814,457 $16,313,574
ARN Aldoro Resources 0.415 26 557,935 $22,466,665
DCX Discovex Res Ltd 0.0075 25 7,451,675 $15,411,984
IDT IDT Australia Ltd 0.36 24 1,186,756 $69,559,449
SGQ St George Min Ltd 0.091 23 13,432,711 $37,262,210
DCC Digitalx Limited 0.08 21 24,786,370 $48,620,342
CAA Capral Limited 7.31 19 135,270 $103,916,626
BXN Bioxyne Ltd 0.02 18 620,000 $10,882,472
BRN Brainchip Ltd 0.62 17 40,918,621 $874,360,686
AZI Alta Zinc Ltd 0.007 17 2,267,714 $26,044,195
YPB YPB Group Ltd 0.0035 17 3,140,001 $14,975,462
EX1 Exopharm Limited 0.92 16 1,711,296 $110,136,797
MHK Metalhawk. 0.325 16 699,926 $10,096,800
IOU Ioupay Limited 0.43 15 8,285,639 $206,779,524
KMT Kopore Metals Ltd 0.023 15 580,600 $12,907,778
RSG Resolute Mining 0.54 15 19,557,953 $518,829,572
AMX Aerometrex Limited 0.98 15 115,909 $80,712,000
AEV Avenira Limited 0.008 14 124,375 $6,039,970
RNX Renegade Exploration 0.008 14 61,250 $6,052,386

A total of eight stocks posted gains of at least 15 per cent on market-moving announcements.

Leading the pack was Orminex Ltd (ASX:ONX), which operates the Penny’s Find gold project — a 50:50 joint venture with Horizon Minerals (ASX:HRZ).

Reverse circulation drilling results revealed some high grade gold intercepts at the site, which saw shares in ONX jump more than 50 per cent. The move in Horizon was more muted, as HRZ shares rose by around four per cent.

Also among the winners was fintech platform (and ASX debutante) Propell Holdings (ASX:PHL), which kept up the strong run of recent IPOs with a day-one gain of around 40 per cent.

And Brainchip Holdings (ASX:BRN), which veered into meme-stonk territory with some huge gains in last year’s post-COVID bull market, was back in favour with investors this morning.

The company says manufacturing has now commenced for the production of its Akida AKD1000 neuromorphic processor chips, with the first units scheduled to be available in August.
 

LOSERS

Here are the worst performing ASX small cap stocks at 12pm Wednesday April 14:

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Code Name Price % Change Volume Market cap
ELE Elmore Ltd 0.024 -65 14,011,994 $41,926,759
LIO Lion Energy Limited 0.047 -28 9,094,475 $13,481,116
PCL Pancontinental Oil 0.002 -20 19,274,996 $15,016,789
XPE Xped Limited 0.002 -20 30,000 $7,973,232
DME Dome Gold Mines Ltd 0.15 -17 100,000 $54,031,902
LNY Laneway Res Ltd 0.006 -14 1,000,000 $26,425,462
NWE Norwest Energy NL 0.006 -14 400,000 $35,514,104
TOU Tlou Energy Ltd 0.053 -13 150,630 $36,612,141
HPR High Peak Royalties 0.061 -13 100,000 $13,226,948
MSI Multistack Int'l 0.054 -11 659,710 $6,850,539
AMD Arrow Minerals 0.008 -11 9,593,292 $11,991,436
TTI Traffic Technologies 0.041 -11 325,131 $22,182,336
MSL MSL Solutions Ltd. 0.125 -11 24,718 $46,097,910
CPV Clearvue Technologies 0.64 -10 959,003 $108,660,760
BMN Bannerman Resources 0.135 -10 1,852,023 $178,370,667
CAV Carnavale Resources 0.009 -10 916,804 $23,422,303
GTG Genetic Technologies 0.009 -10 359,000 $90,167,267
IVT Inventis Limited 0.009 -10 320,801 $9,499,658
JCS Jcurve Solutions 0.05 -9 43,216 $18,058,889
AQI Alicanto Min Ltd 0.105 -9 126,407 $37,595,508