It’s (US) Inauguration Day and markets are up and about.
Joe Biden is set to be sworn is as President later tonight (Australian time).
Usually there’s a handover but Trump won’t be there, instead choosing to end his term with a pre-recorded message.
But it wasn’t Biden or Trump that was the source of optimsim on US markets.
Instead, new US Treasury secretary (and former Fed chair) Janet Yellen helped buoy sentiment, by using her confirmation address to advocate for another big injection of fiscal support to aid the recovery.
If 2020 showed anything, it’s that markets love a bit of fiscal firepower.
And that trend appears to have continued so far into the new year as Yellen’s speech prompted a material boost in risk appetite overnight.
After Monday’s fall, the ASX Emerging Companies microcap index is now pushing into positive territory for the week with a gain of about 1.2 per cent in morning trade.
WINNERS
Here are the best performing ASX small cap stocks at 12pm Wednesday January 20:
Swipe or scroll to reveal the full table. Click headings to sort.
CODE NAME PRICE % CHANGE VOLUME MARKET CAP HMX Hammer Metals Ltd 0.06 81.82 40,192,420 24,719,864 CLZ Classic Min Ltd 0.0015 50.00 18,921,800 17,034,968 ECT Env Clean Tech Ltd. 0.0015 50.00 2,000,000 9,601,033 VMG VDM Group Limited 0.003 50.00 3,000,009 13,855,322 ENV Enova Mining Limited 0.059 37.21 3,780,333 14,562,330 RLE Real Energy Corp 0.067 31.37 17,680,314 22,110,495 PWN Parkway Minls NL 0.017 30.77 84,294,523 24,709,802 STM Sunstone Metals Ltd 0.017 30.77 16,004,217 28,729,839 APH AP Hemp Ltd 0.495 30.26 1,286,081 21,312,352 GAL Galileo Mining Ltd 0.355 29.09 4,379,194 39,352,831 WML Woomera Mining Ltd 0.034 25.93 5,647,360 9,185,039 CUL Cullen Resources 0.025 25.00 1,380,857 5,998,353 DTR Dateline Resources 0.0025 25.00 5,869,998 16,420,156 CHM Chimeric Therapeutic 0.375 20.97 13,292,472 60,915,000 RPM RPM Automotive Group 0.235 20.51 3,814,494 22,458,748
Leading the pack in morning trade was Hammer Metals (ASX:HMX), which announced significant copper and gold intercepts from a two-hole drilling program in a previously un-drilled section of its Trafalgar prospect in Mt Isa, Queensland.
LOSERS
Here are the worst performing ASX small cap stocks at 12pm Wednesday January 20:
Swipe or scroll to reveal the full table. Click headings to sort.
CODE | NAME | PRICE | % CHANGE | VOLUME | MARKET CAP |
---|---|---|---|---|---|
ALT | Analytica Limited | 0.003 | -25.00 | 365,000 | 14,078,449 |
ANL | Amani Gold Ltd | 0.0015 | -25.00 | 7,200,000 | 18,773,993 |
CCE | Carnegie Cln Energy | 0.0015 | -25.00 | 18,550,001 | 23,064,137 |
OEX | Oilex Ltd | 0.0015 | -25.00 | 500,000 | 8,324,260 |
WOO | Wooboard Tech Ltd | 0.002 | -20.00 | 10,522,501 | 5,952,667 |
VR8 | Vanadium Resources | 0.04 | -18.37 | 1,060,759 | 18,339,594 |
CZN | Corazon Ltd | 0.0025 | -16.67 | 5,600,999 | 9,760,077 |
ZNC | Zenith Minerals Ltd | 0.115 | -14.81 | 495,175 | 39,738,604 |
MRD | Mount Ridley Mines | 0.003 | -14.29 | 2,432,506 | 13,598,246 |
XST | Xstate Resources | 0.006 | -14.29 | 37,622,040 | 12,678,686 |
EUR | European Lithium Ltd | 0.086 | -14.00 | 12,529,010 | 72,653,986 |
RMI | Resource Mining Corp | 0.013 | -13.33 | 314,560 | 4,444,010 |
AOU | Auroch Minerals Ltd | 0.23 | -11.54 | 2,467,782 | 66,478,135 |
NC6 | Nanollose Limited | 0.2 | -11.11 | 5,011,867 | 26,718,546 |
PTR | Petratherm Ltd | 0.16 | -11.11 | 5,100 | 33,904,583 |
DDD | 3D Resources Limited | 0.004 | -11.11 | 4,107,328 | 16,269,174 |
NCR | Nucoal Resources Ltd | 0.008 | -11.11 | 727,000 | 6,917,511 |
HWK | Hawkstone Mng Ltd | 0.025 | -10.71 | 68,990,805 | 42,324,059 |
IEC | Intra Energy Corp | 0.009 | -10.00 | 100,000 | 3,877,240 |