After another steady session on Wall Street, local markets digested a relatively strong jobs report heading into midday trade (released at 11:30am AEST).

The ABS data showed 114,700 new jobs were added in July, against forecast growth of just 30,000.

With more people getting back on the job hunt, economists expected the unemployment rate to rise back to 7.8 per cent — but it too beat forecasts, ticking higher to 7.5 per cent.

The gain was driven by a surge in part-time jobs, which rose by 252,000 while the number of full-time jobs fell by 23,600.

The ASX200 slowed its roll to fall into the red this morning, after two strong sessions to start the week before trading flat yesterday.

The index was dragged lower by the major banks, which all got sold off at the opening bell. It was a different story for the Small Ords, which climbed by more than 0.7 per cent after two straight losing sessions.

Reporting season has given rise to slight divergence between the big end of town and smaller companies so far, with a negative correlation between ASX200 performance and the ASXO (Small Ords index) every day so far this week.

Currency traders pushed the Aussie dollar slightly higher in the wake of the jobs data, but broadly speaking markets were were little-changed.

After copping a shellacking yesterday, gold prices stabilised somewhat with USD gold edging higher to around $US1,940 an ounce (~$2,700).

SMALL CAP WINNERS

Here are the best performing ASX small cap stocks at 12pm Thursday August 13:

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

CODE COMPANY PRICE CHANGE MARKET CAP
IKW Ikwezi Mining Ltd 0.003 50.00% $8.1M
MLS Metals Australia 0.003 50.00% $8.0M
MTB Mount Burgess Mining NL 0.003 50.00% $1.8M
FIJ Fiji Kava 0.125 43.68% $12.4M
VR1 Vection Technologies 0.051 41.67% $41.5M
EVE EVE Investments 0.008 33.33% $22.4M
OAR Oakdale Resources Ltd 0.004 33.33% $5.6M
FPL Fremont Petroleum 0.004 33.33% $6.4M
CL1 Class Ltd 1.827 23.06% $222.2M
PKO Peako 0.028 21.74% $3.6M
KEY Key Petroleum Ltd 0.006 20.00% $11.8M
TMG Trigg Mining 0.15 20.00% $8.7M
IDZ Indoor Skydive AUS Group 0.006 20.00% $2.0M
RIM Rimfire Pacific Mining NL 0.006 20.00% $9.5M
SCI Silver City Minerals Ltd 0.019 18.75% $9.2M
ICN Icon Energy 0.013 18.18% $7.8M
MKR Manuka Res 0.49 17.86% $104.7M
ICG Inca Minerals Ltd 0.0035 16.67% $12.2M
NGI Navigator Global 1.61 16.25% $222.6M

 

Fiji Kava (ASX:FIJ) was an early winner after announcing a deal to supply its kava extract under a license agreement with a subsidiary of health supplements company Blackmores (ASX:BKL).

Blackmores-owned BioCeuticals will have non-exclusive rights to license the use of Fiji Kava’s product in one of its anti-anxiety and stress products – AnxioCalm.

It follows a strong run of deal flow for FIJ, and news of the announcement sent the company’s shares to multi-year highs above 12 cents.

Also on the winners list was software company Vection Technologies Ltd (ASX:VR1), after signing an Original Equipment Manufacturer (OEM) deal which will see its software introduced to the sales pipeline of computing giant Dell, via Dell’s sales partner the JMC Group.

Vection said potential revenues from the deal are “not determinable at this time”, although it said “the agreement with JMC is anticipated to be material”.

And organic honey producer EVE Investments (ASX:EVE) also ticked higher on the back of a strong sales update out of China.

EVE said its latest honey shipment sold out before even reaching port at Shanghai, and its Chinese distributor has already made an additional order for another 21,120 units of its native honey.

SMALL CAP LOSERS

Here are the worst performing ASX small cap stocks at 12pm Thursday August 13:

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

CODE COMPANY PRICE CHANGE MARKET CAP
ROG Red Sky Energy 0.001 -50.00% $4.1M
QFY Quantify Tech 0.001 -33.33% $2.0M
PNN Pepinnini Minerals Ltd 0.002 -25.00% $1.6M
DTR Dateline Resources Ltd 0.002 -20.00% $15.4M
VAL Valor Resources 0.004 -20.00% $9.6M
HPR High Peak Royalties Ltd 0.053 -19.70% $12.5M
GLV Global Oil & Gas 0.01 -18.75% $4.2M
CLZ Classic Minerals Ltd 0.003 -16.67% $35.8M
MRG Murray River Organics 0.011 -15.38% $28.7M
HRN Horizon Gold 0.43 -14.00% $38.3M
HRZ Horizon Gold 0.16 -13.51% $72.5M
IBX Imagion Biosystems 0.086 -13.13% $76.0M
SGQ St George Mining Ltd 0.08 -13.04% $40.3M
APH Australian Primary Hemp 0.135 -12.90% $9.4M
CZN Corazon Mining Ltd 0.004 -12.50% $9.8M
CAV Carnavale Resources Ltd 0.007 -12.50% $10.5M
BEE Broo 0.022 -12.00% $15.6M
HT8 Harris Technology 0.11 -12.00% $21.2M
ENT Enterprise Metals Ltd 0.023 -11.54% $11.0M
NGY Nuenergy Gas Ltd 0.008 -11.11% $11.9M