It’s another day of gains on the ASX, 0.89 per cent as at 12pm, but the tech sector copped another plunge today and was the only sector in the red.

Over the last few weeks investors have been pivoting to battery metals stocks as well as long beaten-up travel and oil stocks at the expense of tech stocks – particularly software and BNPL stocks.

As Keith Lerner, chief market strategist for Truist Advisory Services said overnight: “Money isn’t leaving the market, it is adjusting.”

Afterpay (ASX: APT) for example peaked at $158.48 on February 10 but is barely over $100 today. And Xero (ASX:XRO) is down from over $130 to $105 today.

The flagship ASX All Technology Index is down 17 per cent from a month ago and the ASX 200 Info Tech Index has dropped 19 per cent. Both are near the technical definition of a bear market while the ASX 200 is only 0.3 per cent lower.



Here are the best performing ASX small cap stocks at 12pm Tuesday March 9:

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

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Canberra casino operator Aquis Entertainment (ASX:AQS) went on another run, gaining over 50 per cent this morning – yet again off the back of no news.

Another notable winner without company news (and one of the few tech stocks to gain) was recent listee  Nuix (ASX:NXL)The stock listed at $5.31 per share in December and rose to over $11 before falling below $5 yesterday despite market commentary released by the company saying its prospectus forecasts were on track.

While shares still fell yesterday they rebounded above $5 today.

Battery developer Redflow (ASX:RFX) signed its largest global battery sale to California based Rialto Bioenergy Facility to power its energy storage system.

Brazilian focused explorer Aguia Resources (ASX:AGR) climbed after unveiling an updated Resource Estimate and Scoping study.

And Digital Wine Ventures (ASX:DW8) surged after its latest sales figures. It shipped 20,864 cases of wine in February, 32 per cent higher than January and up 931 per cent from February 2020.



Here are the best performing ASX small cap stocks at 12pm Tuesday March 9:

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

Code Name Price % Change Volume
ECT Env Clean Tech Ltd. 0.001 -33 680000
PVE Po Valley Energy Ltd 0.027 -25 174217
OEX Oilex Ltd 0.002 -20 3562493
TMH The Market Herald 0.47 -18 44890
ADR Adherium Ltd 0.017 -15 3119054
ALY Alchemy Resource Ltd 0.012 -14 916944
MAG Magmatic Resrce Ltd 0.12 -14 672628
DOR Doriemus PLC 0.061 -13 38042
CCE Carnegie Cln Energy 0.0035 -13 8037581
GGX Gas2Grid Limited 0.0035 -13 418000
TYX Tyranna Res Ltd 0.007 -13 1732327
8VI 8Vi Holdings Limited 2.1 -12 5947
TAS Tasman Resources Ltd 0.088 -12 4770117
DTM Dart Mining NL 0.19 -12 1521421
YFZ Youfoodz 0.65 -12 108522
FMS Flinders Mines Ltd 1.4 -11 7130
TMK Tamaska Oil Gas Ltd 0.008 -11 179379
TNT Tesserent Limited 0.21 -11 6274944
NNT 99 Technology Ltd 0.07 -10 310000
PNN PepinNini Minerals 0.315 -10 545124
88E 88 Energy Ltd 0.009 -10 17590469
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