Aussie markets have regained some of their losses from Monday, where the S&P/ASX 200 tumbled 1.8% to 7704.2 points by the closing bell in its worst day in a year.

At 12.10pm (AEDT) on Tuesday, March 12, the S&P/ASX 200 had risen 0.23% to 7,722. Here’s the screenshot Stockhead’s Christian Edwards sent to help me out.


Source: Market Index and Stockhead’s Christian Edwards


But first….

Fancy a glass of good wine but worried about the cost? Maybe grab a bottle of Taylors Wines’ $26 Jaraman Sauvignon Blanc.

The wine has claimed the ‘Best of Show Australian White’ trophy and earned a gold medal at the 2024 Mundus Vini Grand International Wine Awards.

Source: Taylors Wine

This prestigious competition, Europe’s largest in the realm of wines, is adjudicated by a panel of 250 expert judges hailing from various corners of the globe.

Taylors Wines describes the good value Sauvignon Blanc as “elegantly structured with seductive passionfruit and green apple flavours, fresh herbaceous notes and a subtle touch of minerality”.

Third-generation winemaker and MD at Taylors Wines Mitchell Taylor says the international recognition comes at a crucial time for the Australian wine industry,  anxiously awaiting the re-opening of the Chinese market in the midst of a challenging economic climate.

“It’s an interesting time for the Australian wine industry. On one end, our winemakers continue to be celebrated for their skill and outstanding wines, which is something to celebrate. On the other, we continue to feel the pressures of ongoing trade tariffs in China on top of some of the most challenging international market conditions in over a decade,” Taylor says in a blog post. 


The ASX…

Six of the 11 sectors are higher at lunchtime with financials leading the gainers up 0.62% followed by tech gaining 0.54% and materials rising 0.25%.

Energy led the losses down 0.67%, despite higher oil prices. Industrials lost 0.50%, while consumer staples were also down 0.34%.


Via Market Index


Goldies continue to climb with Bellevue Gold (ASX:BGL) leading the ASX large caps at lunchtime, up 9.62% and Newmont Corporation (ASX:NEM) rising 4.05%.

The ACCC has  kicked off its informal investigation of the proposed $3bn Chemist Warehouse backdoor listing via a takeover of Sigma Healthcare (ASX:SIG).

Under the deal, Chemist Warehouse will own 85.7 per cent of SIG with its owners collecting $700m in cash.

The NAB Business Confidence report dropped this morning showing a rebound in Australian business conditions but still-elevated cost pressures, signifying a need for a cautious approach in cutting rates by the RBA.  Australia’s NAB Business Confidence Index decreased to 0 in February, from 1 in January.

In February, business conditions increased by 3 points to reach 10 index points, slightly surpassing the long-run average. Within NAB’s monthly business survey, trading and profitability both experienced a 4-point uptick, while the employment index remained unchanged.


Stocks going Ex-dividends

BlackWall (ASX:BWF) is paying 2.5 cents fully franked
Grange Resources (ASX:GRR) is paying 2 cents fully franked
IGO (ASX:IGO) ) is paying 11 cents fully franked
Lifestyle Communities (ASX:LIC) ) is paying 5.5 cents fully franked
Motorcycle Holdings (ASX:MTO) is paying 3 cents fully franked
News Corp (ASX:NWS) is paying 10.7214 cents unfranked
PS&C (ASX:PSZ) is paying 5.7 60 per cent franked
Yancoal Australia (ASX:YAL) is paying 32.5 cents fully franked (edited) 


Not the ASX…

Overnight  on Wall Street, the three major indices ended mix ahead of crucial inflation data to be released on Tuesday.

The Dow Jones Industrial Average was up 0.12%, while the S&P 500 finished down 0.1% in Monday’s session. The tech-focused NASDAQ Composite took the brunt of selling, falling 0.4% overnight.

The US 10-year bond yield is up 1.5 basis points to 4.10% ahead of the  US February CPI data which is due out at 11.30pm (AEDT) Australian time.

Economists polled by Dow Jones anticipate CPI will rise 0.4% between January and February and 3.1% on an annualised basis.

Excluding volatile food and energy prices, the so-called core basket is expect to rise 0.3% on the month and 3.7% on the year.

CPI comes ahead of the producer-focused index expected later in the week. The two major economic reports are the last two expected before the US Federal Reserve leaders convene for their March policy meeting.

Tech stock Super Micro Computer dropped more than 5%, while chipmaker Nvidia fell 2% as investors start to wonder if the artificial intelligence frenzy leading to big rallies in associated stocks can continue.

Meta also struggled, with the Facebook parent falling 4.4%.

US futures are looking brighter at lunch in Sydney:

Source: Fox News


Bitcoin continues rally as commodity prices mixed

Bitcoin continues to surge reaching a new record high of US$72,000 with the world’s most popular cryptocurrency gaining additional backing due to increased trading accessibility.

The digital currency reached its high as traders anticipate an upcoming industry event known for restricting supply, traditionally resulting in a boost to its price.

This surge continued the record-breaking trend from the previous week when the cryptocurrency surpassed the previous high of US$68,991 set in November 2021.

The Aussie dollar is firmer against the Greenback trading up 0.07% to US66.17 cents.

Oil prices are mixed ahead of key US CPI data and reports on the global crude outlook from OPEC and the International Energy Agency.

WTI is up 0.13% to US$77.93 a barrel and Brent has also risen to  0.14% to US$82.21 after falling last week on to subdued China demand and comments from the IEA about sufficient market supply this year.

In other commodities, iron ore fell to $US110.50/tonne as demand for the steel making ingredients fall in China.   Gold was down 0.08% to US$2180.78/ounce, while copper was up to 0.05% to US$3.92/ounce.



Here are the best performing ASX small cap stocks for March 12 [intraday]:

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

Code Company Price % Volume Market Cap
RMI Resource Mining Corp 0.037 131% 4,167,300 $9,477,565
NYM Narryer Metals 0.06 114% 122,796 $1,343,820
JAV Javelin Minerals Ltd 0.002 100% 250,000 $2,176,231
AUK Aumake Limited 0.004 33% 378,328 $5,743,220
HLX Helix Resources 0.004 33% 6,303,355 $6,969,438
MTL Mantle Minerals Ltd 0.002 33% 3,629,736 $9,296,169
TKL Traka Resources 0.002 33% 3,304,907 $2,625,988
APX Appen Limited 1.08 30% 17,856,416 $181,970,752
NYR Nyrada Inc. 0.13 30% 7,643,921 $15,600,870
AMM Armada Metals 0.019 27% 22,200 $3,120,000
SCL Schrole Group Ltd 0.2 25% 169,882 $5,752,808
CCO The Calmer Co Int 0.005 25% 10,383 $4,730,787
GMN Gold Mountain Ltd 0.005 25% 900 $9,111,514
H2G Greenhy2 Limited 0.01 25% 100,000 $3,350,047
RMX Red Mount Min Ltd 0.0025 25% 31,832 $5,347,152
RFA Rare Foods Australia 0.036 24% 150,153 $5,943,530
CDT Castle Minerals 0.008 23% 14,841,817 $7,959,204
RIM Rimfire Pacific 0.04 21% 8,284,047 $73,268,076
NSB Neuroscientific 0.052 21% 472,169 $6,218,009
TSI Top Shelf 0.21 20% 42,461 $36,387,026
AYT Austin Metals Ltd 0.006 20% 16,678 $6,425,957
MHC Manhattan Corp Ltd 0.003 20% 100,000 $7,342,449
AQC Auspac Coal Ltd 0.066 20% 1,913,965 $28,213,218
KED Keypath Education 0.68 19% 38,562 $122,375,971
IRD Iron Road Ltd 0.07 19% 100,000 $48,522,968
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In the green and gold Africa edition there been success for ASX gold plays in the world’s second largest continent.

Resource Mining Corporation (ASX:RMI) rose in morning trade before entering a trading halt after announcing it had hit significant copper-gold anomalies out at its Mpanda Copper Gold project, in Tanzania. RMI says soil sampling has delineated nine  distinct copper-in-soil anomalies, all of which have a reported strike length of over 2km.

Aurum Resources (ASX:AUE) has reported more shallow, wide, high-grade gold intercepts from its ongoing diamond drilling program at the BD tenement at its Boundiali Gold Project in Côte d’Ivoire, West Africa.

Assays from four diamond holes over 275m strike returned73m at 2.15g/t gold from 172m including 1m at a bonanza 72.11g/t from 188m, 4m at 18.63g/t from 185m, 5m at 7.15g/t from 221m and 5m at 3.23g/t from 240m.

AUE says scout diamond drilling at the BD tenement is ongoing with more assay results expected in coming weeks.

Tests have confirmed that graphite from Castle Minerals’ (ASX:CDT) Kambale project in Ghana is “very attractive” for the manufacture of lithium-ion electric vehicle battery anodes “and a range of other high-value primary and secondary applications”.


Here are the most-worst performing ASX small cap stocks for March 12 [intraday]:

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

Code Company Price % Volume Market Cap
AXP AXP Energy Ltd 0.001 -50% 101,123 $11,649,361
MRQ MRG Metals Limited 0.001 -50% 25,000 $4,942,682
IS3 I Synergy Group Ltd 0.009 -36% 261,074 $4,257,125
1AG Alterra Limited 0.003 -25% 150,000 $3,482,763
1MC Morella Corporation 0.003 -25% 1,218,848 $24,715,198
AVE Avecho Biotech Ltd 0.003 -25% 649,534 $12,677,188
NES Nelson Resources 0.003 -25% 1,300,000 $2,454,377
NRZ Neurizer Ltd 0.003 -25% 15,036,702 $6,005,643
RLG Roolife Group Ltd 0.007 -22% 221,778 $6,503,023
SLZ Sultan Resources Ltd 0.021 -22% 2,744,686 $4,001,131
AN1 Anagenics Limited 0.012 -20% 35,000 $6,286,993
1CG One Click Group Ltd 0.008 -20% 321,411 $6,881,788
BNL Blue Star Helium Ltd 0.008 -20% 14,068,652 $19,422,653
DOU Douugh Limited 0.004 -20% 115,950 $5,410,345
ESR Estrella Res Ltd 0.004 -20% 125,000 $8,796,859
GCM Green Critical Min 0.004 -20% 7,275 $5,682,925
MCT Metalicity Limited 0.002 -20% 155,000 $11,212,634
NAE New Age Exploration 0.004 -20% 76,560 $8,969,495
TMR Tempus Resources Ltd 0.004 -20% 155,799 $3,654,994
TMX Terrain Minerals 0.004 -20% 6,129,098 $7,158,353
VML Vital Metals Limited 0.004 -20% 610,567 $29,475,335
EVR Ev Resources Ltd 0.01 -17% 4,111,886 $15,855,258
MSI Multistack International 0.005 -17% 294,505 $817,824
OSX Osteopore Limited 0.52 -15% 2,967 $6,300,500
EPM Eclipse Metals 0.006 -14% 58,140 $14,525,380
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ICYMI at midday

Brightstar Resources (ASX:BTR) reports the second gold pour from its Selkirk mining joint venture has been completed at the nearby Gwalia processing plant operated by Genesis Minerals (ASX:GMD).

More than 150kg of gold dorè has been produced to date, including 119kg  in the second pour.Processing of the remaining ore is set to conclude in the coming week, after which the net project income will be reconciled and split 50/50 between BTR and its JV partner BML Ventures.

White Cliff Minerals (ASX:WCN) has pocketed $4.33 million of additional funding for multiple work programs across its portfolio of projects in Nunavut, Canada, following the successful conversion of 288.5 million options.

The company now has $6.3 million to deploy on upcoming exploration campaigns, starting with an airborne survey over the Coppermine copper-gold-silver project to be completed by Expert Geophysics.

WCN’s focus is then expected to turn to sourcing contractor and services providers for the complementary campaigns at the Radium Point uranium-silver-IOCG project.

At Stockhead, we tell it like it is. While Brightstar Resources and White Cliff Minerals are Stockhead advertisers, they did not sponsor this article.