ASX Small Cap Lunch Wrap: Small caps hit fresh 12-year high
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Small caps have set a fresh 12 and a half year high with a second day of gains.
The Small Ordinaries was up 11.5 points, or 0.36 per cent, to 3,232.6 shortly after noon, and at 11.15am hit 3,242.3 – their best level since June 2008.
The index of Australia’s 101st to 300th biggest companies was lagging the performance at the top half of the market, however, with the ASX100 up 0.6 per cent and the ASX20 rising 0.75 per cent.
Energy and mining are the standout sectors – both up 1.7 per cent – while tech, industrials and consumer discretionary shares are the only areas collectively in the red, although modestly.
There was no lead from the United States as Wall Street was closed for a holiday, but London was up 2.5 per cent after PM Boris Johnson announced plans to exit his country’s lockdown.
The best-performing ASX stocks around 11.30am today:
Swipe or scroll to reveal the full table. Click headings to sort.
Fatfish Group (ASX:FFG) was the biggest gainer, although by 12.30am it had faded slightly, “only” up 90.2 per cent to 17.5c. A company Fatfish has invested in is rolling out a business-to-business BNPL platform in Singapore this week.
Pancontinental Oil (ASX:PCL) was up 50 per cent to 0.15c after the offshore energy explorer announced it had raised $710,000 in a placement to sophisticated and professional investors at 0.1c a share.
Farm Pride Foods (ASX:FRM) had advanced 27.8 per cent to 25c after the cage-free egg producer announced that Agriculture Victoria had revoked its quarantine on two of the company’s farms after an outbreak of avian flu that resulted in the deaths of a third of its hens.
Farm Pride said it would sell a farm in Pittsworth, Queensland, for $3.1 million to help it financially recover.
Asset Owl (ASX:AO1) shares were down 25 per cent to 0.9c after they jumped 50 per cent yesterday.
Azure Minerals (ASX:AZS) dipped 23.7 per cent to 29c on an update to its Andover copper-nickel project in the West Pilbara.