The party went on a bit too long for poor Hobartians trying to sleep anywhere near the Crowne Plaza yesterday.

After the final (third) day of play in the Fifth Test which saw the Aussies wrap up a 4-0 series win, things kicked on at Hobart’s Customs House hotel and Crowne Plaza.

A good time was had by all, but when the Barmy Army rolls up alongside the Baggy Greens and forces them to sing, you know you’re on a downhill slide:

 

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Early Monday morning, Australians stars Nathan Lyon, Travis Head and Alex Carey were still kicking on with England players Joe Root and Jimmy Anderson.

According to footage obtained by Channel Nine’s newspapers, the kicking on went on well past Hobart bedtime.

“Time for bed,” a local female officer tells the boys.

“No worries,” says Lyon. Some might say, characteristically.

And that’s it. Nothing to see here, as they say.

A similar situation unfolded on the ASX this morning, with the S&P/ASX200 shuffling along 17.20 points or 0.23% up to 7,434.50. It did, however, cross above its 125-day moving average, so that’s something.

The index has gained 0.60% over the past five days and is currently 2.60% off its 52-week high.

So all a bit directionless, which is probably fair, given it seems to defer on such things to its leader, the US markets, which were out for the Martin Luther King Jr holiday (Lyon, who didn’t bowl a single ball in the Fifth Test, at one stage asked his captain if he could sing “Under the Southern Cross”, was told “no” and replied “ok” and sat down again.)

Expect things to ramp up in the US from here on though, as earnings season kicks off in earnest.

And there was a mild surprise in China overnight too, where the PBoC’s first interest rate cut on medium-term loans since April 2020 was bigger than expected.

Weirdly, Chinese President Xi Jinping was at the same time calling for Western nations to, er, not raise interest rates.

Xi reckons if major economies “take a U-turn in monetary policies, there will be serious spillovers that will present challenges to global economic and financial stability”.

OK.

Back to small cap business:

 

ASX SMALL CAP WINNERS

Here are the best performing ASX small cap stocks for January 13 [intraday]:

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

ASX Code Name Price change today (by Tuesday lunchtime) Price (Tuesday lunchtime) Today's volume
ODE Odessa Minerals 3.60 2.3c 13872912
NPM Newpeak Metals 1.00 0.2c 925319
WOO Wooboard Tech 1.00 0.2c 1280688
ZAG Zuleika Gold 0.80 3.6c 18837333
CHR Charger Metals 0.379 $1 4877281
CGB Cann Global 0.25 0.25c 19178757
EN1 Engage:Bdr 0.25 0.25c 500000
GTG Genetic Technologies 0.25 0.5c 5836661
JAV Javelin Minerals 0.25 0.25c 2658333
MLS Metals Australia 0.25 0.25c 26454982

 

The biggest winner on any type of notable volume was $14m explorer Zuleika Gold (ASX:ZAG).

Yesterday, it was an $8m explorer but Mark Creasy has jumped in with a $3m private placement from his company, Yandal Investments.

That’s an 80pc uplift today, tyvm.

 

ASX SMALL CAP LOSERS

ASX Code Name Change by lunchtime Tuesday Price lunchtime Tuesday Market Cap
VMG VDM Group -0.25 0.15c 170388
ERG Eneco Refresh -0.205882 2.7c 10000
RBL Redbubble -0.204013 $2.38 11880334
PCL Pancontinental Energ -0.20 0.2c 6169560
MTM Mt Monger Resources -0.166667 12.5c 103579
CUF Cufe -0.15 3.4c 4615963
TMG Trigg Mining -0.142857 9c 1068804
REY REY Resources -0.133333 13c 10000
SUH Southern Hem Min -0.125 3.5c 1329997
TIG Tigers Realm Coal -0.125 2.1c 16050840
SMS Star Minerals -0.119048 18.5c 10000
TTB Total Brain -0.111111 12c 92820
CLE Cyclone Metals -0.111111 0.4c 7623733

Not having such a great day was Redbubble (ASX:RBL), which reported a 25% drop in gross profit for the first six months to $108 million, with EBITDA also plunging by 84% to $8m.

RBL’s stock price nosedived 22% on the news, taking its fall to more than 60% over the last 12 months.

The company has warned of more bad news ahead, saying that it now expected full year revenue to decline further.