Overnight, Pfizer and BioNTech announced that its COVID-19 vaccine was 90 per cent effective, setting it up for an emergency rollout.
How does a potentially imminent COVID-19 vaccine impact markets?
Wall Street rallied to record intra-day highs.
US gun stocks tumbled. Global oil prices surged.
Gold plunged. Bitcoin? Staying steady(ish).
Buy now, pay later (BNPL) and e-commerce stocks were belted as banks boomed.
Travel stocks flew. Online brokers crashed.
It’s been a wild ride.
The Aussie market hit eight-month highs in early trade Wednesday. The benchmark ASX200 Index is currently up 103.60 p[oints — or 6,402.40.
WINNERS
Here are the best performing ASX small cap stocks at 12pm Tuesday November 10:
Swipe or scroll to reveal the full table. Click headings to sort.
| CODE | NAME | PRICE | % CHANGE | MARKET CAP |
|---|---|---|---|---|
| ANL | Amani Gold | 0.0015 | 50 | $ 9,386,996.75 |
| CLZ | Classic Minerals | 0.0015 | 50 | $ 13,339,139.73 |
| UUV | UUV Aquabotix | 0.0015 | 50 | $ 2,388,374.81 |
| FRX | Flexiroam | 0.036 | 44 | $ 10,234,449.45 |
| VOL | Victory Offices | 0.27 | 35 | $ 16,360,000.00 |
| MLS | Metals Australia | 0.002 | 33 | $ 6,286,355.36 |
| XPE | Xped | 0.002 | 33 | $ 2,689,293.04 |
| WEL | Winchester Energy | 0.029 | 26 | $ 15,867,689.60 |
| SGC | Sacgasco | 0.047 | 24 | $ 10,431,647.25 |
| URW | Unibail-Rodamco-Westfield | 3.52 | 23 | $ 647,158,194.20 |
| VTH | Vitalharvest | 0.96 | 22 | $ 145,225,000.00 |
| HLO | Helloworld Travel | 2.29 | 22 | $ 291,452,348.60 |
| VGL | Vista Group International | 1.69 | 22 | $ 317,774,588.68 |
| JAY | Jayride Group | 0.18 | 20 | $ 17,412,847.05 |
| ADX | ADX Energy | 0.006 | 20 | $ 8,573,607.93 |
| LITCF | Lithium Australia | 0.006 | 20 | $ 644,305.21 |
| LOV | Lovisa Holdings | 9.86 | 20 | $ 883,318,290.12 |
| IEL | Idp Education | 23.89 | 19 | $ 5,591,774,478.99 |
| CTD | Corp Travel | 20.27 | 18 | $ 2,329,291,953.76 |
| COO | Corum Group | 0.11 | 18 | $ 49,918,381.38 |
Besides gold stocks and stocks that surged during pandemic — like tech and healthcare — all other areas of the market are charging.
A potential vaccine has injected life into our beleaguered travel stocks, led by Helloworld Travel (ASX:HLO) +22%, Jayride Group (ASX:JAY) +20%, and Corp Travel Management (ASX:CTD) +18%.
Also up are shopping centre stocks ASX200 component Unibail-Rodamco-Westfield (ASX:URW) +23% and serviced office providers, like Victory Offices (ASX:VOL) +35%.
LOSERS
Here are the worst performing ASX small cap stocks at 12pm Tuesday November 10:
Swipe or scroll to reveal the full table. Click headings to sort.
| CODE | NAME | PRICE | % CHANGE | MARKET CAP |
|---|---|---|---|---|
| APG | Austpac Resources | 0.001 | -33 | $ 4,251,003.25 |
| NCL | Netccentric | 0.032 | -32 | $ 12,337,500.00 |
| MMM | Marley Spoon | 2.05 | -21 | $ 535,220,910.00 |
| TPW | Temple & Webster | 9.94 | -20 | $ 1,505,661,600.00 |
| WBE | Whitebark Energy | 0.002 | -20 | $ 10,157,813.88 |
| YPB | YPB Group | 0.002 | -20 | $ 10,570,897.45 |
| EFE | Eastern Iron | 0.009 | -18 | $ 5,210,539.77 |
| RBL | Redbubble | 4.06 | -18 | $ 1,341,125,481.54 |
| ICE | Icetana | 0.14 | -18 | $ 17,457,831.25 |
| CSX | Cleanspace | 5.53 | -18 | $ 516,800,999.33 |
| AMD | Arrow Minerals | 0.005 | -17 | $ 8,007,828.06 |
| IMC | Immuron | 0.24 | -16 | $ 63,868,501.71 |
| ADO | Anteotech | 0.083 | -15 | $ 168,005,653.10 |
| ATC | Altech | 0.042 | -14 | $ 44,508,511.53 |
| FGO | Fargo Enterprises | 0.003 | -14 | $ 4,150,148.46 |
| RDS | Redstone Resources | 0.012 | -14 | $ 7,316,820.22 |
| CDA | Codan | 10.85 | -14 | $ 2,283,401,583.10 |
| ADH | Adairs | 3.24 | -14 | $ 635,729,802.00 |
| SIT | Site Group | 0.025 | -14 | $ 24,396,108.68 |
| CTO | Citigold Corp | 0.013 | -13 | $ 39,385,098.14 |
If a stock was winning during COVID-19, it’s probably losing today.
That includes online retailers like Marley Spoon (ASX:MMM), Temple & Webster (ASX:TPW) and Redbubble (ASX:RBL).