ASX Small Cap Lunch Wrap: The ASX works, there’s another vaccine and winners galore

US biotech Moderna says its vaccine was ~94.5 per cent effective in preliminary analysis of a large, late-stage clinical trial, just seven days after Pfizer revealed a successful vaccine trial of its own.

This news, plus better-than-expected industrial data from China, saw Wall Street rally to record highs and European share markets hit their highest levels in more than eight months on Monday.

There are winners all over the shop.

Global oil prices advanced by up to three per cent.

Copper prices jumped to plus-two-year highs and aluminium touched its highest level since December 2018.

Iron ore rose 1.1 per cent to $US124.00 a tonne.

Even gold futures price edged higher by 0.1 per cent to $US1,887.80 an ounce.

But would the ASX – which confirmed that it would open at 10am as scheduled – actually work?

Chucking a sickie? from r/ASX_Bets

Yep. By 11:30am, the Aussie market had hit eight-month highs, with energy and travel stocks the clear standout.

The benchmark ASX 200 index has punched through 6,500 points for the first time since March this year. BPNL – and most tech stocks – are underperforming.

WINNERS

Here are the best performing ASX small cap stocks at 12pm Tuesday November 17:

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

Nanoveu (ASX:NVU) shares surged after the smartphone protection company said it had successfully developed prototype digital display tech for people with glasses.

Lithium stocks are due a re-rate, experts say. Today, advanced explorers Galan (ASX:GLN) and Vulcan Energy (ASX:VUL) topped the resources winner list.

One consequence of the ASX’s outage yesterday was that the listing of casual fashion outlet Universal Store Holdings (ASX:UNI) was delayed.

It didn’t matter – shares were up nearly 20 per cent in the first 30 mins of trade today.

LOSERS

Here are the best performing ASX small cap stocks at 12pm Tuesday November 17:

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