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).
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:
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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:
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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 |