Perhaps it might be too late to jump onboard the so-called “lockdown trade”.

NSW and Victoria are set to exit lockdown next month. Freedoms will include being able to go to non-essential retail, to restaurants and pubs or to the regions.

But some Sydneysiders couldn’t wait a few more weeks. One of the biggest trends out of COVID-19 has been city slickers moving to regional areas.

In the March quarter of this year 11,000 people left Sydney for regional NSW – record figures despite the Harbour City being COVID free for much of that period.

And since the recent lockdown, that number has exploded, according to Figures from Service NSW.

The data showed that in the last month, 57,000 exemptions have been granted to Sydney-siders to look at real estate – which is permitted under law if such a place is intended to be a primary place of residence.

While some may have just wanted to go to Bunnings, it’s possibly a sign that patience locked-down city living is wearing thin.

But in better COVID-19 news, Australia is set to surpass 50% of its population over 16 double-dosed with the vaccine.

Meanwhile, the ASX is set to finish the week down again, but the index has bounced back strongly from Monday’s selloff.

As of 11.45am the ASX 200 was at 7,356 points. The best sector is energy with a 1.42% gain, after Brent crude oil prices climbed above US$77/barrel overnight.

 

ASX SMALL CAP WINNERS

Here are the best performing ASX small cap stocks for Friday September 24 [intraday]:

Stocks highlighted in yellow made market-moving announcements.

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Lithium play Peppinini (ASX:PNN) unveiled a partnership with Chinese lithium giant Ganfeng.

Gladiator Resources (ASX:GLA) announced it was granted Tanzanian exploration licenses.

South Australian property developer Axiom (ASX:AXI) rose after entering into a heads of agreement to sell its Butler Central Homemaker Centre in Perth’s northern suburbs to property investment entity Lester Group.

 

ASX SMALL CAP LOSERS

Here are the worst performing ASX small cap stocks for Friday September 24 [intraday]:

Stocks highlighted in yellow made market-moving announcements.

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After a stellar re-entry to the bourse yesterday, uranium play Aura Energy (ASX:AEE) retreated today.

Iron ore play Fe (ASX:FEL) dropped after completing a $5 million capital raising.

 

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