ASX Small Cap Lunch Wrap: Who’s getting up off the canvas today?

Answer: Not Nate Robinson.

The former NBA player faced off in a licensed boxing match against YouTube celebrity Jake Paul yesterday, only to eat two big right hands and leave the ring very much worse for wear.

Clangalangalangalang.

Nate Robinson got the sonic rings knocked out of him by Jake Paul 💀🥲 pic.twitter.com/YlW7oRUDIK

— Come and See (@DaRealDCA) November 29, 2020

Capping off a bizarro boxing weekend extravaganza, old school legends Mike Tyson and Roy Jones Jr fought to an eight-round draw in a slugfest of their own.

51-year old Jones Jr played a wily jab-and-hold game to nullify the threat from 54-year old Tyson, who still looked ripped enough to cause some serious damage.

While not everyone got off the mat, ASX microcaps on the Emerging Companies Index (AXEC) have done just that this year with a barnstorming 2020 rally.

Local stocks made a subdued start to the week this morning, with banks lower while oil prices dipped ahead of an all-important two-day OPEC meeting.

But microcaps continued on their merry way, climbing by around one per cent into midday trade.

After bottoming out below 800 on March 23, the AXEC has risen to almost 1,900 — a gain of almost 150 per cent and by our measure the highest reading since April 2011.

WINNERS

Here are the best performing ASX small cap stocks at 12pm Monday November 30:

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

Among stocks with market-moving announcements, the listed Australian arm of global media and advertising group WPP (ASX:WPP) rose strongly after getting a takeover offer from its London-based parent company.

Mining gains were led by Surefire Resources (ASX:SRN), which rose by more than 30 per cent after scoring a high-grade gold hit at its recently acquired Yidby project.

LOSERS

Here are the worst performing ASX small cap stocks at 12pm Monday November 30:

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