As if Australia wasn’t divided enough, the states were split even more over the weekend.

Daylight savings began in NSW, Victoria, Tasmania, South Australia and the ACT, taking Australia from three standard time zones to five.

You might be forgiven for thinking Sydneysiders are only on a public holiday just to get used to it, but it’s actually been permanent there since 1971 following trials earlier in the century. It’s only coincided with the Labour Day long weekend since 2008.

While Western Australia, the Northern Territory and Queensland don’t participate in the clock change, arguably the latter state is closer than ever to making the change.

Just before the change this year, a survey out of the University of Queensland showed that 60% of Queenslanders want it – although there is a sharp divide between Brisbane and the state’s tropics, with 70% of Brisbane people in favour and just 46% in the tropics.

And with tens of thousands of Sydneysiders and Melburnians having relocated north since COVID-19, they just might start to miss the later sunsets come the summer.

…and a sunrise at 4.30am.

To the markets and the ASX had a solid start to the week even with three states on holidays. All sectors were in the green except healthcare with the best being financials and travel stocks.

But in the past hour, the Evergrande saga took another twist. The company is now suspended for trading in Hong Kong. The Nikkei and Hang Seng both dropped as they opened this morning.

 

ASX SMALL CAP WINNERS

Here are the best performing ASX small cap stocks for October 4 [intraday]:

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Topping the bourse today was High Grade Metals which has recapitalised as Jade Gas (ASX:JGH) and refocused to gas exploration in Mongolia.

WA base metals explorer Auking Mining (ASX:AKN) rocketed off the back of its first assay results from a drilling program at its Koongie Park project. Headline results included 124m at 1.03% copper, 1.08% zinc, 1.54% lead and 50g/t gold.

Intega Group (ASX:ITG) climbed after receiving a takeover offer from Dutch engineering certification company Kiwa.

And one of the first companies to release its quarterly cash flow and activities report, Genetic Technologies (ASX:GTG), climbed after announcing a material increase in cash receipts for the September quarter to $850,000 from $68,000 in the June quarter.

 

ASX SMALL CAP LOSERS

Here are the worst performing ASX small cap stocks for October 1 [intraday]:

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Xtek (ASX:XTE) fell off the back of a capital raising – completed at a discount to nearly 30% of its share price last week.