The ASX is tracking sideways in Thursday trade, where the big story was a monster February jobs print shortly before midday EST.

Data from the ABS showed the economy added 88,700 jobs last month, smashing expectations of 30,000.

In addition, the unemployment rate dropped sharply to just 5.8 per cent (forecast: 6.3pc) — a figure achieved even with no change in the participation rate (the amount of people looking for jobs).

The total amount of hours worked also jumped sharply, a possible indicator that Australia’s jobs market has established real momentum in the last month before JobKeeper subsidies are wound back.

The Aussie dollar jumped sharply in response to the news, climbing back above US78c while longer-dated bond yields also rose.

Global markets were relatively calm overnight, as the US Fed communicated that it remains committed to keeping rates at rock-bottom until at least 2024.

While it expects inflation forces to remain muted, the Fed is now much more optimistic about the US economy which it expects to grow by 6.5 per cent this year — up from its 4.2pc forecast in December.
 

WINNERS

Here are the worst performing ASX small cap stocks at 12pm Thursday March 18:

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CODE NAME PRICE %CHANGE VOLUME MARKET CAP
IDZ Indoor Skydive Aust 0.0305 118 117,524,185 $4,713,801
ANW Aus Tin Mining 0.0015 50 9,589,999 $10,173,429
ECT Env Clean Tech Ltd. 0.0015 50 7,500,000 $9,601,033
MLS Metals Australia 0.003 50 350,000 $8,381,807
XPE Xped Limited 0.002 33 14,385,527 $4,783,939
EMT Emetals Limited 0.034 31 2,751,544 $10,790,000
OEQ Orion Equities 0.2 29 39,479 $2,761,230
SYA Sayona Mining Ltd 0.0395 23 97,600,344 $121,203,598
UUV UUV Aquabotix Ltd 0.0025 25 250,000 $4,776,750
THR Thor Mining PLC 0.016 23 9,669,312 $5,877,001
EQE Equus Mining Ltd 0.011 22 2,227,973 $16,371,204
BEL Bentley Capital Ltd 0.1 20 398,784 $6,318,617
FCT Firstwave Cloud Tech 0.12 20 413,791 $66,759,934
AOA Ausmon Resorces 0.012 20 20,294,145 $7,106,593
VIC Victory Mines Ltd 0.003 20 1,866,666 $13,795,632
GO2 Thego2People 0.031 19 154,170 $4,587,432
PRS Prospech Limited 0.155 19 240,701 $8,452,677
CYM Cyprium Metals Ltd 0.315 19 7,358,553 $26,120,842
MPR Mpower Group Limited 0.16 19 727,406 $24,549,266
MRD Mount Ridley Mines 0.0035 17 537,500 $11,641,873
REE Rarex Limited 0.145 16 2,710,484 $54,205,401

Indoor Skydive Australia Group (ASX:IDZ) led the pack, after announcing it had secured a debt restructure with its current lenders.

As part of the agreement, IDZ secured a $4m facility from Causeway Financial, which it will use to pay off a $2.6m loan from Westpac. The deal will see Westpac write off $5.6m in debt, thus freeing IDZ up from some of its loan constraints.

Shares in IDZ more than doubled in morning trade. The company is no stranger to huge intraday moves, including a 500pc surge last year after announcing it was opening its first standalone virtual reality themed venue.
 

LOSERS

Here are the worst performing ASX small cap stocks at 12pm Thursday March 18:

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CODE NAME PRICE %CHANGE VOLUME MARKET CAP
TZL TZ Limited 0.065 -34 15,000 $9,424,896
UUL Ultima Utd Ltd 0.605 -27 91,515 $30,425,464
ANL Amani Gold Ltd 0.0015 -25 56,791,889 $21,573,993
WTL Wt Financial Grp Ltd 0.07 -22 8,000 $15,045,471
ADR Adherium Ltd 0.017 -19 5,653,922 $14,271,516
TOU Tlou Energy Ltd 0.067 -17 211,655 $42,541,122
ALT Analytica Limited 0.0025 -17 5,000,000 $10,558,837
APG Austpac Resources NL 0.0025 -17 170,000 $9,496,989
WJA Wameja Limited 0.105 -16 53,825 $151,356,333
ARE Argonaut Resources 0.013 -13 21,497,654 $43,693,072
WWI West Wits Mining Ltd 0.089 -11 17,118,306 $139,505,641
FFR Firefly Resources 0.125 -11 324,828 $42,145,534
ADY Admiralty Resources. 0.026 -10 4,045,749 $33,614,906
MTC Metalstech Ltd 0.18 -10 533,469 $29,313,528
BRK Brookside Energy Ltd 0.019 -9 22,396,907 $34,680,630
SMR Stanmore Coal Ltd 0.695 -9 28,980 $206,860,851
MBK Metal Bank Ltd 0.01 -9 986,194 $13,029,591
MOQ MOQ Limited 0.2 -9 5,318 $39,042,001
NCL Netccentric Ltd 0.2 -9 780,356 $62,089,499
BOT Botanix Pharma Ltd 0.105 -9 1,159,874 $111,911,339