Global ice cream sales jumped 26 per cent in the three months to June, but demand for shampoo and deodorant fell, according to a Unilever trading update.

The consumer goods colossus — which made €2.85bn ($4.66bn) in free cash flow for H1 2020 — says as more people worked from home, they were washing their hair less, not shaving, and even avoiding the deodorant.

No surprises there.

>>scroll down for the biggest small cap winners and losers in morning trade

“As people spent more time in their homes, we saw growth in home consumption of foods, ice cream and tea,” Unilever says.

“Sales of ice cream for consumption in home increased by 15 per cent in the first half and by 26 per cent in the second quarter, significantly offsetting the declines in out of home channels.

“It also meant that consumers had fewer personal care occasions from going to work or socialising, and we saw a decline in our personal care business, except for hygiene products.”

Source

In Markets…

US and European share markets were broadly flat or weaker on Thursday, with crappier-than-anticipated US jobless claims and European consumer confidence data weighing on investor sentiment.

The gold futures price rose by $US24.90 ($35), or 1.3 per cent, to a nine-year high of $US1,890 ($2,657) an ounce. Iron ore rose by US80c, or 0.7 per cent, to $US111.20 a tonne.

The local bourse had a soft start to the day, with gold stocks, insurers, property, tech and consumer discretionary down heavily, according to CommSec.

The benchmark ASX200 index is down 1.06 per cent to ~6,031 points at 12pm EST, wiping out its weekly gains so far.

 

WINNERS

Here are the best performing ASX small cap stocks at 12pm Friday July 24:

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

Code COMPANY PRICE CHANGE MARKET CAP
MRD Mount Ridley Mines 0.002 100.00% $4.0M
ENX Enegex 0.035 75.00% $2.8M
CDD Cardno 0.35 55.56% $156.5M
NXE New Energy Minerals 0.012 50.00% $2.1M
ANL Amani Gold 0.0015 50.00% $7.8M
CLZ Classic Minerals 0.003 50.00% $18.7M
TPS Threat Protect Australia 0.08 45.45% $19.3M
NTL New Talisman Gold 0.007 40.00% $14.0M
BKY Berkeley Energy 0.55 34.15% $142.2M
CZL Consolidated Zinc 0.004 33.33% $10.0M
MNS Magnis Resources 0.22 29.41% $142.0M
AD1 ApplyDirect 0.038 31.03% $20.8M
RDN Raiden 0.009 28.57% $3.9M
ADR Adherium 0.03 25.00% $18.0M
AML Aeon Metals 0.115 21.05% $77.9M
WRM White Rock Minerals 0.006 20.00% $43.6M
DGR DGR Global 0.08 17.65% $61.3M
A1G African Gold 0.21 16.67% $11.2M
LSR Lodestar Minerals 0.014 16.67% $11.9M
LRS Latin Resources 0.014 16.67% $9.0M
EFE Eastern Iron 0.007 16.67% $2.9M

 

­­ Battery metals explorer/shell company Enegex (ASX:ENX) was up 75 per cent before going into a trading halt.

In a June update, WA-based Energex said it was focused on securing exploration opportunities in the same neighbourhood as Chalice Gold Mine’s (ASX:CHN) Julimar nickel-copper-PGE discovery.

Professional services company Cardno (ASX:CDD) “has largely been able to continue to deliver our services and solutions in spite of the COVID pandemic”, according to a FY2020 guidance update.

“While not yet final, this preliminary EBITDA result is ahead of both our FY2019 pro-forma EBITDA of $38m and our previous FY2020 guidance of circa $38m,” Cardno boss Susan Reisbord says.

The $160m market cap stock was up +55 per cent in morning trade.

Recruitment platform AD1 Holdings (ASX:AD1) is also having a good run, announcing its first-ever cashflow positive quarter with a $217,000 profit.

And Magnis Energy Technologies (ASX:MNS) says Extra Fast Charge (EFC) batteries developed by its technology partner C4V are a “potential game changer”.

Magnis, which has ambitions to build an end-to-end supply chain for lithium-ion battery production, was up +32 per cent in morning trade.

 

LOSERS

Here are the worst performing ASX small cap stocks at 12pm Friday July 24:

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

CODE COMPANY PRICE CHANGE MARKET CAP
TLM Talisman Mining 0.125 -21.88% $23.3M
ICG Inca Minerals 0.002 -20.00% $8.1M
JHL Jayex Healthcare 0.033 -17.50% $5.8M
AHL Ahalife Holdings 0.005 -16.67% $4.0M
1AD Adalta 0.11 -15.38% $18.0M
RLC Reedy Lagoon 0.006 -14.29% $2.4M
IEC Intra Energy Corporation 0.007 -12.50% $2.7M
RAG Ragnar Metals 0.007 -12.50% $2.2M
SKY Planet Gas 0.18 -12.20% $54.9M
TKL Traka Resources 0.031 -11.43% $12.4M
KAS Kasbah Resources 0.008 -11.11% $1.1M
RBR RBR Group 0.008 -11.11% $7.1M
CPT Cipherpoint 0.042 -10.64% $4.1M
FMS Flinders Mines 0.026 -10.34% $109.8M
CAU Cronos Aus 0.078 -10.34% $10.0M
WEL Winchester Energy 0.026 -10.34% $17.9M
GO2 GO2 People 0.04 -10.26% $5.0M
GLV Global Oil & Gas 0.01 -10.00% $2.4M
BBX BBX Minerals 0.18 -10.00% $75.1M
FFG Fatfish Blockchain 0.009 -10.00% $7.3M