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.

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%.
 

ASX SMALL CAP WINNERS

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:

Stocks highlighted in yellow made market-sensitive announcements

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.
 

ASX SMALL CAP LOSERS

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:

Stocks highlighted in yellow made market-sensitive announcements

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)”.