ASX Small Cap Lunch Wrap: Who’s got their eye on the CPI today?
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News
With global inflation proving less than transitory through the middle of the year, all eyes were on Australia’s quarterly CPI print this morning.
The headline figure came through at 0.8% q/q, in line with forecasts.
However, the key measures of core inflation came through slightly hotter than expected (trimmed mean 0.7%, forecast 0.5%).
And the market’s response was pretty clear, as the Australian dollar rose against all the major currency pairs and jumped back above US75c while stocks came under pressure.
Upside surprise on AU core inflation measures, this will only fuel market pricing that the RBA will need to tighten policy sooner than its current forward guidance. #ausbiz pic.twitter.com/9e2CQ0bKtR
— Alex Joiner (@IFM_Economist) October 27, 2021
After edging higher at the opening bell, the ASX 200 reversed course and was trading around 0.2% lower in morning trade.
Banking stocks — which sometimes benefit in a rising yield environment — were one of the few major sectors still holding in positive territory.
There were sharper falls in the resources sector, while the ASX Consumer Staples index (which includes the big grocers) led the laggards with a fall of around 1.8%.
Here are the best performing ASX small cap stocks for Wednesday October 27 [intraday]:
Swipe or scroll to reveal full table. Click headings to sort:
Code | Name | Price | % Change | Volume |
---|---|---|---|---|
OAK | Oakridge | 0.002 | 100.0% | 2,988,309 |
PCL | Pancontinental Energ | 0.0015 | 50.0% | 1,133,000 |
YPB | YPB Group Ltd | 0.003 | 50.0% | 25,620,832 |
SHP | South Harz Potash | 0.18 | 28.6% | 5,453,648 |
CMD | Cassius Mining Ltd | 0.03 | 25.0% | 19,698,773 |
MGL | Magontec Limited | 0.59 | 22.9% | 563,456 |
LMG | Latrobe Magnesium | 0.065 | 22.6% | 113,053,429 |
ESR | Estrella Res Ltd | 0.043 | 19.4% | 66,368,340 |
MTB | Mount Burgess Mining | 0.007 | 16.7% | 1,028,000 |
8CO | 8Common Limited | 0.195 | 14.7% | 1,241,800 |
ARE | Argonaut Resources | 0.008 | 14.3% | 1,000,000 |
OAU | Ora Gold Limited | 0.016 | 14.3% | 673,032 |
AGR | Aguia Res Ltd | 0.074 | 13.8% | 3,364,335 |
HCD | Hydrocarbon Dynamic | 0.025 | 13.6% | 836,409 |
AEV | Avenira Limited | 0.017 | 13.3% | 10,981,312 |
HNG | HGL Limited | 0.3 | 13.2% | 115,114 |
BCA | Black Canyon Limited | 0.27 | 12.5% | 44,088 |
ODA | Orcoda Limited | 0.18 | 12.5% | 257,472 |
PIL | Peppermint Inv Ltd | 0.018 | 12.5% | 5,578,560 |
XST | Xstate Resources | 0.0045 | 12.5% | 630,015 |
XTC | Xantippe Res Ltd | 0.0045 | 12.5% | 56,142,216 |
GME | GME Resources Ltd | 0.074 | 12.1% | 49,900 |
SPN | Sparc Tech Ltd | 1.00 | 12.0% | 1,464,875 |
Among stocks with news, production authentication company YPB Group (ASX:YPB) ticked higher by 50% after announcing a $180,000 deal to supply its anti-counterfeit technology to an e-cigarette manufacturer in China.
Financial management software platform 8Common (ASX:8CO) also got a boost, after flagging a $542,000 contract with an Australian government client, following on from a July deal where it was announced as the exclusive travel and expense management solution for the GovERP program.
Another stock on the winner’s list was diversified investment firm HGL (ASX:HNG) that has owned a number of different businesses, from hat-makers to cosmetics companies.
Shares in the company rose strongly this morning after it announced a $14 million profit after tax for the 12 months to September 30 and declared a 1 cent dividend.
And shares in Sparc Technologies (ASX:SPN) rose more than 10% after it signed a non-binding Term Sheet with its strategic partner (and cornerstone shareholder) the University of Adelaide to form a Joint Venture (JV) hydrogen
technology company.
For the full wrap of today’s ASX resources winners, click here.
Here are the best performing ASX small cap stocks for Wednesday October 27 [intraday]:
Swipe or scroll to reveal full table. Click headings to sort:
Code | Name | Price | % Change | Volume |
---|---|---|---|---|
NPM | Newpeak Metals | 0.0015 | -25.0% | 7,294,801 |
CCE | Carnegie Cln Energy | 0.0025 | -16.7% | 3,791,715 |
EN1 | Engage:Bdr Limited | 0.0025 | -16.7% | 1,300,000 |
TSO | Tesoro Resources Ltd | 0.091 | -13.3% | 1,934,193 |
BID | Bill Identity Ltd | 0.335 | -13.0% | 1,170,130 |
AMD | Arrow Minerals | 0.007 | -12.5% | 3,257,830 |
MEB | Medibio Limited | 0.007 | -12.5% | 466,666 |
KCN | Kingsgate Consolid. | 1.745 | -11.9% | 2,464,367 |
A2M | The A2 Milk Company | 6.13 | -10.5% | 12,627,170 |
AIV | Activex Limited | 0.13 | -10.3% | 20,000 |
M2R | Miramar | 0.18 | -10.0% | 226,566 |
PAM | Pan Asia Metals | 0.54 | -10.0% | 709,337 |
EQE | Equus Mining Ltd | 0.009 | -10.0% | 834,982 |
MCT | Metalicity Limited | 0.009 | -10.0% | 417,357 |
FFR | Firefly Resources | 0.097 | -9.8% | 2,181,332 |
MTR | Metal Tiger | 0.425 | -9.6% | 50,000 |
LKE | Lake Resources | 0.885 | -9.2% | 10,365,677 |
AII | Almontyindustriesinc | 0.84 | -9.0% | 4,010 |
SBR | Sabre Resources | 0.005 | -9.0% | 1,457,800 |
NGY | Nuenergy Gas Ltd | 0.031 | -9.0% | 116,429 |
DCC | Digitalx Limited | 0.105 | -9.0% | 1,616,631 |
TOR | Torque Met | 0.265 | -9.0% | 1,758 |
Shares in NewPeak Metals (ASX:NPM) dipped after the company announced the results from its Share Purchase Plan (SPP). After flagging a $1m raise in August, NPM said it raised a total of $814,000 “via a combination of cash ($680,000) and debts converted ($134,000)”.