Water is wet, the sky is blue and two things continue to go up; COVID-19 case numbers in NSW, and the ASX.

Local stocks are tracking higher to end the week, with the ASX 200 climbing by around 0.5% into midday trade.

Reversing the trend of previous session, larger companies are outperforming while the microcap Emerging Companies index edged lower, which would mark its first day in the red since August 5.

With NSW reporting a record high number of 390 COVID-19 cases, the WA government has issued new restrictions on anyone travelling from Australia’s most populous state, which include proof of vaccinations where applicable.

There were no major changes across asset classes, in what’s shaping up as a fairly placid session on Asian markets to end the week.
 

WINNERS

Here are the best performing ASX small cap stocks in morning trade for Friday, August 12:

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

Outside of resources, gains were led by nitrile gloves manufacturer VIP Gloves (ASX:VIP), which jumped by more than 10% in morning trade.

The Malaysia-based company said it’s completed the lodgement process with US health regulators to begin marketing its products in the USA, and has also lodged its application with the Therapeutic Goods Administration to market its products in Australia.

Also on today’s winner’s list was retail company Jatcorp (ASX:JAT), which signed a distribution agreement in China that gives its local partner exclusive rights to sell Jatcorp dairy products through JD.COM — China’s second-largest ecommerce platform.

LOSERS

Here are the best performing ASX small cap stocks in morning trade for Friday, August 12:

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