No doubt there are plenty of serious developments in global politics and finance that we could lead today’s wrap with.

However, an anecdote that combines two topical themes — emissions caused by human activity and the COP26 global climate summit — was hard to ignore.

Speaking at the event with Camilla Parker Bowles, US President Joe Biden is alleged to have unleashed a burst of flatulence that left the Duchess of Cornwall stunned by both its length and volume.

While there was plenty to discuss in the first week of the event, Bowles was apparently still processing the incident well after it happened.

On markets this morning, ASX futures were pointing higher at the open but local stocks have made a sluggish start to the week, dipping into the red by 12pm EST.

At the big end of town on the ASX 200, resources and energy stocks both rose strongly, mirrored by a +1% fall in the tech sector while demand for the big banks was weak.

Looking ahead this week, key data will be led by US inflation figures on Wednesday night. Australia will also get its monthly jobs print on Thursday morning.

ASX SMALL CAP WINNERS

Here are the best performing ASX small cap stocks for November 8 [intraday]:

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Code Name Price % Change Market Cap
PCL Pancontinental Energy 0.0015 50.0% $7,034,223
LMG Latrobe Magnesium 0.1 35.1% $106,189,449
SDR Siteminder 6.825 34.9% $1,362,960,593
RCR Rincon 0.19 31.0% $5,761,509
ANL Amani Gold Ltd 0.0025 25.0% $36,851,128
CCE Carnegie Cln Energy 0.0025 25.0% $29,805,147
CDT Castle Minerals 0.0325 25.0% $22,342,961
ERW Errawarra Resources 0.28 21.7% $7,813,351
MQR Marquee Resource Ltd 0.14 21.7% $17,369,037
FRX Flexiroam Limited 0.051 18.6% $23,247,822
TEM Tempest Minerals 0.033 17.9% $11,141,225
BCC Beam Communications 0.56 16.7% $36,025,417
CGB Cann Global Limited 0.0035 16.7% $19,006,460
GMR Golden Rim Resources 0.007 16.7% $19,772,098
SBR Sabre Resources 0.007 16.7% $10,135,882
SMR Stanmore Resources 1.2 15.9% $279,870,563
KPO Kalina Power Limited 0.03 15.4% $36,656,153
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While big tech stocks lagged, online hotel booking platform SiteMinder (ASX:SDR) made a sparkling debut when it joined the ASX boards this morning.

The company listed with a market cap north of $1bn, after raising $627m in pre-IPO funds at a price point of $5.06.

Prior to the pandemic, the company raised $100m in a private round led by global funds management giant BlackRock.

Shares in SDR opened at almost $7 for a day-one gain of more than 30%.

Leading the pack in resources was copper-gold play Rincon (ASX:RCR), which flagged final drilling approvals for its South Telfer project are expected within the next two weeks.

Coal play Stanmore Resources (ASX:SMR) was also among the Monday winners, after confirming a landmark deal to acquire BHP’s coal assets for a price almost five times the size of its own market cap. Read more here.

ASX SMALL CAP LOSERS

Here are the worst performing ASX small cap stocks for November 8 [intraday]:

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Code Name Price % Change Market Cap
S66 Star Combo 0.27 -22.9% $47,149,364
BXN Bioxyne Ltd 0.023 -20.7% $18,564,217
CLE Cyclone Metals 0.004 -20.0% $24,454,518
BPH BPH Energy Ltd 0.045 -16.7% $35,905,647
SUH Southern Hem Min 0.04 -16.7% $11,733,108
GLV Global Oil & Gas 0.027 -12.9% $29,509,543
CZR CZR Resources Ltd 0.007 -12.5% $27,890,586
MEB Medibio Limited 0.007 -12.5% $14,360,492
RDS Redstone Resources 0.015 -11.8% $12,222,984
NCR Nucoal Resources Ltd 0.008 -11.1% $6,917,511
RIM Rimfire Pacific 0.008 -11.1% $16,256,203
IDT IDT Australia Ltd 0.415 -10.8% $111,534,979
A3D Aurora Labs Limited 0.125 -10.7% $21,405,506
AYM Australia United Min 0.009 -10.0% $18,425,775
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