Spare a thought for the 61 punters at the Tan Hill Inn in northern England, who rocked up for a few pints on Friday night and were still there on Monday, courtesy of a blizzard which cut the pub off from local roads.

It’s a fairly regular occurrence, owing to the pub’s elevated location which routinely leaves it cut off during periods of bad weather.

After waking up for their third straight day at the venue, the guests were reported to still be in good spirits.

An Oasis cover band, Noasis, has also been stuck and is providing entertainment, although we’d wager the attendees won’t be playing (What’s the Story) Morning Glory? on their speakers when they eventually do get out (going off the assumption they just listened to a live version of Wonderwall for the 113th time).

To markets, and the latest round of COVID-19 Omicron jitters have subsided for now, as the ASX 200 picked up the baton from the S&P500 following a strong rebound on Wall Street overnight.

Local stocks are up by more than 1% into midday trade, with stronger gains of around 1.4% for the microcap Emerging Companies index.

The risk-on tone extended to most other Asian markets, with shares higher in Japan, although stocks in Hong Kong fell slightly.

In his investor note this morning, trader Chris Weston noted that stocks in the US have diverged recently from Europe, where ongoing COVID-19 cases have resulted in more disruptions and national lockdowns in recent weeks.

“I like the feel of the moves in the Nasdaq 100 – we made a higher low and have recouped Friday’s sell-off in the cash and nearly in the futures (which is what our cash market is priced off),” Weston said

A closing break of 16,420 for the Nasdaq “would suggest we revisit the all-time-highs,” he added.

“It’s not far off now. Perhaps a bit more volume through cash trade would have been good, although poor volume isn’t the case on the S&P500 where cash volumes are 22% above the 30-day average, and 1.92m S&P500 futures have traded.”
 

ASX SMALL CAP WINNERS

Here are the best performing ASX small cap stocks for November 30 [intraday]:

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Among stocks with news, Leigh Creek Energy (ASX:LCK) led the way after signing a Heads of Agreement (HOA) for an offtake deal with Korean company Daelim Co.

The purpose of the HOA is to provide an exclusivity period “for the parties to exclusively work through and finalise the detailed terms of the offtake agreement”, LCK said.

The provisional terms of the off-take deal are for a minimum of five years and a minimum of 500,000 metric tonnes per annum of urea, a widely used element in fertilisers.

The LCK management team said after travelling to Korea, it confirmed that Daelim fit its criteria for a company that “not only had the capability to engineer and build the ammonia and urea plant but had the willingness to work with us as a partner”.

Also among the leaders was VR-adjacent gaming and entertainment platform Indoor Skydive Australia (ASX:IDZ), which gave its AGM presentation this morning. IDZ shares have now gained more than 200% since the start of November.

This morning’s small cap winners came from a range of different sectors, and also among the winners was medtech platform Bluechiip (ASX:BCT), which got a regulatory boost after announcing a number of products in its suite — which is focused on the safe and accurate collection of medical samples — had been approved for registration by the US FDA as well as European CE IVD certification.
 

ASX SMALL CAP LOSERS

Here are the worst performing ASX small cap stocks for November 30 [intraday]:

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Probiotics company Biome Australia (ASX:BIO) joined the ASX boards with its IPO this morning and fell sharply on debut, after raising $8m from investors at 20c per share.

Also among the laggards was recent market darling Vection Technologies (ASX:VR1). After more than doubling in November to ~26c, the VR/AR-
adjacent construction technology company announced a $12m share placement to sophisticated investors this morning priced at 20c per share.

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