The ASX came under pressure heading into midday trade, after Australia’s May jobs report missed the mark this morning.

Stocks have so far shrugged off the widening gap between markets and the economy, but sentiment dimmed after the data showed 227,000 jobs were lost between April and May.

That was well in excess of forecasts (-78,000), while the unemployment rate rose to 7.1 per cent — a figure which would’ve been higher if not for a fall in the participation rate as more people left the workforce entirely.

Underemployment — those with jobs who would like to work more hours — also remained elevated above 13 per cent as total job losses since the onset of COVID-19 rose above 800,000.

In response, local stocks extended their morning declines with both the ASX200 and the Small Ords Index down more than 1 per cent.

 

WINNERS

Here are the best performing ASX small cap stocks at 12pm Thursday June 18:

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CODE COMPANY PRICE % CHANGE MARKET CAP
BPH BPH Energy Ltd 0.021 162.50% $3.0M
INF Infinity Lithium 0.105 75.00% $25.1M
ECT Environmental Clean 0.002 50.00% $2.4M
CCE Carnegie Clean 0.0015 50.00% $11.1M
TRM Truscott Mining 0.02 35.71% $2.2M
BKY Berkeley Energy 0.475 31.94% $122.8M
HWK Hawkstone Mining 0.009 28.57% $9.6M
SPT Splitit 0.86 30.30% $306.6M
CAD Caeneus Minerals 0.003 25.00% $7.0M
XST Xstate Resources Ltd 0.003 25.00% $2.9M
MGT Magnetite Mines 0.003 25.00% $4.5M
MIL Millennium Services Group Ltd 0.495 23.75% $22.7M
PAA PharmAust Ltd 0.135 22.73% $40.8M
MSR Manas Resources Ltd 0.006 20.00% $15.9M
RDN Raiden 0.006 20.00% $2.6M
IMS Impelus 0.006 20.00% $4.8M
JPR Jupiter Energy 0.02 17.65% $3.1M
FCT Firstwave Cloud 0.099 16.47% $64.1M
AFG Australian Finance Group Ltd 1.985 16.76% $523.4M

 

Oil & gas minnow BPH Energy (ASX:BPH) returned to the ASX boards (after being on voluntary hiatus since April 30), and promptly rose by more than 150 per cent.

It followed a due diligence period for what the company described as a “COVID-related transaction” — a deal which has now been terminated by mutual consent after ASX disclosure requirements around intellectual property and testing could not be met.

The company also provided an update on its joint venture project with Advent Energy (in which it holds a 15 per cent stake), in which a drill permit application off the coast of NSW has “completed assessment and is now in the final decision phase”

 

LOSERS

Here are the worst performing ASX small cap stocks at 12pm Thursday June 18:

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CODE COMPANY PRICE % CHANGE MARKET CAP
XST Xstate Resources Ltd 0.001 -50.00% $2.9M
CAE Cannindah Resources Ltd 0.005 -37.50% $966K
XPE XPED 0.001 -33.33% $2.7M
DHR Dark Horse Resources 0.002 -33.33% $5.0M
CCE Carnegie Clean 0.001 -33.33% $11.1M
EER East Energy Resources 0.002 -33.33% $6.4M
RFN Reffind Ltd 0.001 -33.33% $1.0M
YPB YPB Group Ltd 0.002 -20.00% $3.4M
WCN White Cliff Minerals 0.009 -18.18% $4.4M
ICN Icon Energy 0.01 -16.67% $6.0M
MPH Mediland Pharm 0.1 -16.67% $31.3M
DRE Dreadnought Resources 0.005 -16.67% $9.4M
ONX Orminex 0.035 -16.67% $18.9M
WML Woomera Mining 0.01 -16.67% $2.2M
AON Apollo Minerals Ltd 0.027 -15.63% $9.1M
HNR Hannans Reward Ltd 0.006 -14.29% $11.9M
SBR Sabre Resources Ltd 0.003 -14.29% $2.6M
GID GI Dynamics 0.006 -14.29% $7.7M
CUL Cullen Resources 0.019 -13.64% $4.3M