The policy response to COVID-19 has helped shift a flood of capital into asset markets.

Among the beneficiaries are the wealthiest Americans, who’ve added a lazy $US1 trillion to their collective net worth this year.

Analysis released this week found US billionaires’ combined wealth is hanging around the $US4 trillion mark, up by $US930 billion since March.

With Amazon also benefitting from post-Covid tailwinds for tech and ecommerce, company founder Jeff Bezos had the biggest individual jump with a gain of $US90bn (he’s now worth about $US200bn).

JB telling it like it is.

 

On local markets, ASX stocks traded flat across the board in morning trade following a steady session on Wall Street.

US stocks recouped some of Monday’s losses as investors grew more optimistic about the prospect that both sides of US Congress will reach a deal for additional government stimulus.

WINNERS:

Here are the best performing ASX small cap stocks at 12pm Wednesday, October 21:

Swipe or scroll to reveal the full table. Click headings to sort.

CODE COMPANY PRICE % CHANGE MARKET CAP
NSX NSX Limited 0.195 124 $ 22,385,616
THR Thor Mining PLC 0.028 87 $ 5,932,977
WWI West Wits Mining Ltd 0.068 58 $ 50,957,870
ANW Aus Tin Mining 0.0015 50 $ 3,440,885
ID8 Identitii Limited 0.21 35 $ 16,900,828
KPE Kina Petroleum Corp 0.52 30 $ 5,078,806
KEY KEY Petroleum 0.007 27 $ 10,823,605
XTD XTD Ltd 0.071 27 $ 10,539,150
IDZ Indoor Skydive Aust 0.015 25 $ 4,040,401
GLA Gladiator Resources 0.0025 25 $ 4,655,668
TSC Twenty Seven Co. Ltd 0.0085 21 $ 11,955,308
LSR Lodestar Minerals 0.018 20 $ 12,792,030
SCT Scout Security Ltd 0.125 19 $ 9,988,862
POS Poseidon Nick Ltd 0.095 19 $ 211,416,146
AVW Avira Resources Ltd 0.0095 19 $ 11,000,000
CNJ Conico Ltd 0.019 19 $ 9,409,531
FFG Fatfish Group 0.019 19 $ 13,046,115
GEV Global Ene Ven Ltd 0.11 18 $ 35,988,975
MLM Metallica Minerals 0.026 18 $ 7,125,613

This morning’s market leader was a trading exchange, the NSX (ASX:NSX), which more than doubled following a trading update which included its quarterly cash flow report.

Listed on the NSX share registry with an 18pc stake is John Karantzis, who’s other company iSignthis (ASX:ISX) is currently in the ASX’s doghouse.

One NSX update today was that the smaller exchange’s sub-register system would be integrated with iSignthis’ Paydentity platform.

Also rising strongly was regtech compliance company Identitii (ASX:ID8), which announced payments giant Mastercard will use its Overlay+ platform for the “secure sharing of information over the Mastercard account-to-account network, to help streamline financial crime compliance in cross-border payments”.

LOSERS:

Here are the worst performing ASX small cap stocks at 12pm Wednesday, October 21:

Swipe or scroll to reveal the full table. Click headings to sort.

CODE NAME PRICE % CHANGE MARKET CAP
ANL Amani Gold Ltd 0.0015 -25 $ 15,676,393
CLZ Classic Min Ltd 0.0015 -25 $ 26,678,279
EMU EMU NL 0.051 -24 $ 22,344,864
HCT Holista CollTech Ltd 0.091 -21 $ 31,665,145
MNB Minbos Resources Ltd 0.002 -20 $ 16,256,403
ALT Analytica Limited 0.0025 -17 $ 10,558,837
TTB Total Brain Ltd 0.32 -16 $ 41,155,438
TPW Temple & Webster Ltd 11.83 -16 $ 1,689,954,580
ANR Anatara Ls Ltd 0.17 -15 $ 9,985,708
CLV Clover Corporation 1.74 -15 $ 339,272,612
MRD Mount Ridley Mines 0.003 -14 $ 9,389,779
CZL Cons Zinc Ltd 0.0035 -13 $ 12,682,702
LNY Laneway Res Ltd 0.007 -13 $ 30,200,527
SAN Sagalio Energy Ltd 0.014 -13 $ 3,274,562
ATX Amplia Therapeutics 0.29 -12 $ 35,455,530
RAS Ragusa Minerals Ltd 0.115 -12 $ 13,599,954
RXH Rewardle Holding Ltd 0.008 -11 $ 4,736,893
GNM Great Northern 0.017 -11 $ 17,150,472