There’s no love lost between the two biggest billionaires of the modern era.

Jeff Bezos has just tweeted a 1999 article from Barron’s magazine, using it to give advice on how to handle criticism.

 

Elon Musk goaded him by replying with a cheeky silver medal emoji, reminding everyone that he’s taken over the reins as the world’s richest.

At last count, Musk is worth $US222 billion vs Bezos’ $US190.8 billion.

The two are currently embroiled in a court battle where Bezos is suing NASA to block Musk’s SpaceX from receiving a $3 billion contract to develop a lunar lander that would carry astronauts to the moon.

To the markets….

The benchmark ASX 200 was down by 0.26% coming into the half way mark.

Miners were the clear winners, while the tech sector has offset that gain and was the worst performer.

Mining and energy stocks were buoyed by the surge in commodity prices overnight, where iron ore jumped by 9.5% and oil prices rose to levels not seen since 2018.

Giants like BHP (ASX:BHP), Fortescue Metasls (ASX:FMG), and Santos (ASX:STO) all rose by around 1%.

Concerns about inflation and rising interest rates are having an impact on tech stocks globally, with Afterpay (ASX:APT) down by over 2% in morning trade.

In other large caps news, Westpac (ASX:WBC) is down 1% after announcing that its net profit and cash earnings in the second half will be reduced by $1.3 billion (after tax) due to notable items.

This includes a $965m write-down of assets (goodwill etc), and $172m in provisions for customer refunds.

ASX SMALL CAP WINNERS

Here are the best performing ASX small cap stocks for October 12 [intraday]:

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

The YPB Group (ASX:YPB) jumped 20% after launching a new product, MultiSec Shield, targeting government document authentication. It has a US patent grant, and can provides immediate smartphone verification as to whether a document is fake or real .

Software company Prophecy International (ASX:PRO) zoomed 20% after reporting strong sales growth in FY22 so far. The company reported $3.2m in new eMite sales, a year-on-yea (increase of more than 800%.

PRO’s eMite is a SaaS-based contact (call) centre analytics platform, helping large enterprises and government customers to maximise customer service.

Swick Mining Services (ASX:SWK) surged 20% after announcing a merger with DDH1 (ASX:DDH), which the two sides say will create a world-leading drilling company for the mining industry. Swick is currently the leading underground diamond driller in Australia.

ASX SMALL CAP LOSERS

Here are the best performing ASX small cap stocks for October 12 [intraday]:

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

Code Name Price % Change Volume
PDI Predictive Disc Ltd 0.17 -28 34292639
NCL Netccentric Ltd 0.125 -17 1500
BRU Buru Energy 0.1375 -17 3192021
CCE Carnegie Cln Energy 0.0025 -17 4176349
EN1 Engage:Bdr Limited 0.0025 -17 190000
ENA Ensurance Ltd 0.25 -15 52665
AMD Arrow Minerals 0.006 -14 1084268
CZR CZR Resources Ltd 0.008 -11 270000
CHK Cohiba Min Ltd 0.017 -11 4386503
LLO Lion One Metals Ltd 1.12 -10 9300
WGO Warrego Energy Ltd 0.1525 -10 4731225
MEB Medibio Limited 0.009 -10 11711238
SBR Sabre Resources 0.0045 -10 100000
SIH Sihayo Gold Limited 0.009 -10 1526007
MHC Manhattan Corp Ltd 0.01 -9 156422
OEX Oilex Ltd 0.005 -9 16140741
CR9 Corellares 0.042 -9 1719811
ATC Altech Chem Ltd 0.096 -9 8473937
EPX Ept Global Limited 0.11 -8 16000
LCT Living Cell Tech. 0.011 -8 2761771
RNE Renu Energy Ltd 0.045 -8 23471
GMR Golden Rim Resources 0.006 -8 15000
DC2 Dctwo 0.19 -7 83308

Predictive Discovery (ASX:PDI) tanked 25% after a media report questioned the legality for the company to establish mining operations on part of the area covered under the Bankan Project in Guinea.