International Women’s Day saw companies tweeting positivity about women in the workplace, photos of female leaders and initiatives they take to reach equality.

But one Twitter bot exposed many of these tweets as platitudes.

@PayGapApp replied to corporate tweets using the hashtag #IWD2022 with a quote highlighting the wage gap between men and women in the company.


The bot uses information publicly available from the UK Government – who have required all companies with more than 250 employees to report their gender pay difference since 2017.

On the plus side, the bot also tweets when women at a company get paid equal to or higher than the men.

 

To Markets …

 

The ASX 200 is up 56.10 points or 0.80% at midday today to 7,109.10.

Ukraine headlines remained in focus as the US has banned imports of Russian oil and gas, while Russian President Vladimir Putin has issued a decree banning exports of unspecified commodities and raw materials.

In London, the FTSE 100 rose 3.3%, as markets in Europe saw a sizeable rebound yesterday following comments from Russia’s foreign ministry saying that it would be better if their goals in Ukraine were achieved through talks.

“This appears to have been construed as an increased willingness on the part of Russia to want to expedite an end to hostilities,” CMC Markets says. “Markets are also garnering a level of support from speculation that EU leaders might be on the cusp of pulling together a fiscal stimulus plan at a specially convened EU summit tomorrow.”

In the US, a surge in oil prices, given new momentum by the US embargo on Russian energy, has raised concerns that sustained inflation and lower economic growth could collide, which could lead to a 1970s stagflationary era.

Major central banks were on track to begin tightening monetary policy before Russia invaded Ukraine. Federal Reserve chairman Jerome Powell said last week that he planned to propose a quarter percentage-point rate increase at the central bank’s meeting this month. Consumer-price index data released on Thursday morning will provide clues to investors about the pace of inflation.

Goldman Sachs on Monday raised its 2022 estimates for share buybacks in the S&P 500 to $1 trillion. Jessica Bemer, portfolio manager at Easterly Investment Partners, said companies’ strong balance sheets are providing investors comfort.

“We know that the market is essentially operating in quicksand. We’re not sure if today is the low or tomorrow is the low, but we do know that these companies will continue to exist and survive,” she said.

 

ASX SMALL CAP WINNERS

Here are the best performing ASX small cap stocks for March 10 [intraday]:

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

Code Company Price % Market Cap
ANL Amani Gold Ltd 0.002 100% $22,933,441.13
AHI Adv Human Imag Ltd 0.275 41% $32,516,129.49
JAV Javelin Minerals Ltd 0.002 33% $11,352,379.16
OEX Oilex Ltd 0.004 33% $21,338,854.56
BAS Bass Oil Ltd 0.0025 25% $9,225,362.92
CCE Carnegie Cln Energy 0.0025 25% $30,205,147.42
SGQ St George Min Ltd 0.058 21% $28,281,164.98
LCT Living Cell Tech. 0.006 20% $5,141,818.62
MYR Myer Holdings Ltd 0.4875 19% $336,724,314.15
PTR Petratherm Ltd 0.039 18% $6,564,287.60
GTR Gti Resources 0.0235 18% $22,575,624.56
BEX Bikeexchange Ltd 0.089 17% $12,951,260.93
AO1 Assetowl Limited 0.0035 17% $2,774,346.90
MTB Mount Burgess Mining 0.007 17% $4,555,026.71
FRB Firebird Metals 0.35 15% $15,398,781.44
AEV Avenira Limited 0.016 14% $12,079,939.45
AOA Ausmon Resorces 0.008 14% $6,001,025.40
99L 99 Loyalty Ltd. 0.024 14% $24,353,337.96
FHE Frontier Energy Ltd 0.19 13% $38,362,776.59
SW1 Swift Networks Group 0.017 13% $8,686,559.72
PAR Paradigm Bio. 1.18 13% $236,699,626.80
OPN Oppenneg 0.18 13% $18,685,628.00
VBC Verbrec Limited 0.135 13% $26,577,140.40
AUH Austchina Holdings 0.018 13% $29,078,357.36
ZMM Zimi Ltd 0.009 13% $7,839,355.42
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St George Mining (ASX:SGQ) was up today after announcing that metallurgical work had produced high-grade nickel and copper concentrates with strong credits for PGEs, cobalt and gold from its Stricklands Deposit.

  • Nickel concentrate graded 11.5% Ni with 3.32 g/t Pd, 0.65g/t Pt and 0.61% Co; and
  • Copper concentrate graded 27.8% Cu with 12.4 g/t Pd, 1.9 g/t Pt and 2.6 g/t Au.

Executive chairman John Prineas said the results – supported by a flowsheet for potential commercial production – are an important milestone for the starter mine concept at Mt Alexander.

“Further optimisation work will be considered as we progress marketing studies with potential off-take customers,” he said.

“With the prices for all metals in our commodity suite at historical highs, we will also look to expand the area of known mineralisation to include additional high-grade massive sulphide lenses intersected in previously announced drilling as well as untested targets at shallow depth surrounding the Stricklands Deposit.”

And retail giant Myer (MYR) enjoyed strong sales growth in H1 of 8.5% as online sales continued to outperform, up 47.5%.

This culminated in a net profit after tax of $32.3m – 55.2% higher than the prior year, adjusted for Jobkeeper.

 

ASX SMALL CAP LOSERS

Code Company Price % Market Cap
TD1 Tali Digital Limited 0.012 -37% $17,706,209.99
SMRR Stanmore Resources 0.275 -28% $239,770,077.82
CLE Cyclone Metals 0.004 -20% $25,521,184.91
NIC Nickel Mines Limited 1.24 -12% $3,685,527,539.97
KAR Karoon Energy Ltd 2.03 -11% $1,275,381,930.89
ADX ADX Energy Ltd 0.008 -11% $26,915,604.50
CTO Citigold Corp Ltd 0.008 -11% $25,502,931.82
SCN Scorpion Minerals 0.06 -10% $18,056,914.86
OMX Orangeminerals 0.13 -10% $5,976,900.00
ESH Esports Mogul Ltd 0.0045 -10% $16,109,969.81
WWI West Wits Mining Ltd 0.038 -10% $77,205,763.36
COO Corum Group Limited 0.048 -9% $31,628,109.82
KOR Korab Resources 0.049 -9% $19,820,700.00
WEL Winchester Energy 0.02 -9% $22,224,835.42
HHI Health House Int Ltd 0.03 -9% $2,171,364.62
IVR Investigator Res Ltd 0.072 -9% $105,252,778.90
NET Netlinkz Limited 0.021 -9% $75,052,687.45
OAR OAR Resources Ltd 0.0055 -8% $11,127,388.34
BPT Beach Energy Limited 1.555 -8% $3,866,860,546.92
SP3 Specturltd 0.046 -8% $5,315,264.00
MTH Mithril Resources 0.012 -8% $33,543,029.53
PRM Prominence Energy 0.012 -8% $16,764,914.65
TMK TMK Energy Limited 0.012 -8% $37,440,000.00
XTE Xtek Limited 0.24 -8% $26,161,263.44
RIO Rio Tinto Limited 110.84 -8% $44,501,399,734.32
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Digital health business Tali (ASX:TD1) plummeted after announcing plans to raise $1.54m via placement at a steep 42.1% discount to the last closing price.