Small caps have made back nearly all of yesterday’s losses and are outperforming their larger rivals.

Shortly after noon on Friday the Small Ordinaries was up 0.93 per cent, or 29.3 points, to 3,187.2, following Thursday’s 33-point drop – its only loss this week.

If the gains hold, the index of 200 small-cap names would finish the week up 3.5 per cent for its best week since the first week of November, when it climbed 5.2 per cent.

The ASX200 is up 54.9 points, or 0.81 per cent, while the Emerging Companies nano-cap index has climbed 0.72 per cent.

The positive sentiment followed gains on Wall Street overnight, with the S&P500 and NASDAQ all setting record highs after better-than-expected corporate earnings from eBay and PayPal, and fewer than expected first-time jobless claims.

Every sector was up on the ASX at lunchtime save mining and utilities, which were both down modestly. The tech, telecom, consumer discretionary and industrial sectors were all up the most, around 1.6.

Afterpay (ASX:APT) was up 2.5 per cent to $149.91 after Bell Potter raised its price target on the buy now, pay later giant to $168.50 – the most bullish out there.

News Corp (ASX:NWS) climbed 12.6 per cent to $28.26 after reporting its most profitable quarter since 2013.
 

Winners

Here are the best performing ASX stocks at Friday morning, February 5:

Swipe or scroll to reveal the full table. Click headings to sort. Stocks highlighted in yellow have made announcements.

CODE NAME PRICE % CHANGE VOLUME MARKET CAP
ANX Anax Metals 0.094 100 56768224 $ 13,169,702.02
CLZ Classic Min 0.0015 50 10634525 $ 17,034,968.31
ECT Env Clean Tech 0.0015 50 3049996 $ 9,601,032.79
YPB YPB Group 0.003 50 5963705 $ 9,442,102.58
EMP Emperor Energy 0.065 35 20571309 $ 6,738,861.46
ACW Actinogen Medical 0.028 33 81928924 $ 30,466,530.55
BNO Bionomics 0.215 26 4223827 $ 124,992,083.50
RNT Rent.Com.Au 0.2 25 16442226 $ 54,824,676.32
ICE Icetana 0.16 23 549488 $ 13,350,106.25
CRL Comet Resources 0.027 23 63613371 $ 13,476,919.92
VN8 Vonex 0.31 22 2618096 $ 49,218,046.49
MLS Metals Australia 0.003 20 1739227 $ 10,477,258.94
FRX Flexiroam 0.044 19 21589697 $ 18,523,940.11
BSM Bass Metals 0.007 17 2140906 $ 24,130,054.41
MRD Mount Ridley Mines 0.0035 17 1496262 $ 11,641,872.97
NPM Newpeak Metals 0.0035 17 2071694 $ 14,004,487.53
TYX Tyranna Res 0.007 17 857858 $ 7,694,164.00
UUV UUV Aquabotix 0.0035 17 17437676 $ 7,165,124.43
WOO Wooboard Tech 0.0035 17 5258999 $ 7,143,200.52
RCW Rightcrowd 0.5 16 539547 $ 95,531,545.98
DDT DataDot Technology 0.008 14 82750 $ 8,693,086.26

Anax Metals (ASX:ANX) shares have doubled to 9.3c after reporting “outstanding” drill results at its copper-zinc project in the West Pilbara.

Actinogen Medical (ASX:ACW) has soared 28.6 per cent to 2.7c after the US Food and Drug Administration granted the company a rare pediatric disease designation for the treatment of Fragile X syndrome.

Vonex (ASX:VN8) is up 25.6 per cent to 32c after the telecommunications company signed a wholesale agreement to provide business-grade mobile broadband services to Orange Business Services throughout Australia.

icetana (ASX:ICE) is up 19.2 per cent to 15.5c after the video surveillance software company received an order worth about $536,000 to provide its services to a resort in Singapore.
 

Losers

CODE NAME PRICE % CHANGE VOLUME MARKET CAP
ANW Aus Tin Mining 0.0015 -25 9200000 $ 14,005,827.97
GLV Global Oil & Gas 0.027 -23 64165254 $ 26,376,868.21
VRC Volt Resources 0.015 -21 26095541 $ 41,093,733.92
ONE Oneview Healthcare 0.1 -17 15536500 $ 47,101,547.52
VKA Viking Mines 0.039 -15 5705191 $ 41,866,776.72
EQR Eq Resources 0.041 -15 1924000 $ 53,291,022.29
BPH BPH Energy 0.165 -13 26963421 $ 112,556,350.55
BUY Bounty Oil & Gas NL 0.034 -13 17098474 $ 42,759,638.30
ELT Elementos 0.014 -13 43652310 $ 51,941,222.75
TI1 Tombador Iron 0.093 -11 13696524 $ 79,091,303.34
SWK Swick Mining 0.16 -11 1826288 $ 53,827,780.14
CDT Castle Minerals 0.008 -11 1629483 $ 6,592,507.36
TGN Tungsten Min NL 0.215 -10 1090535 $ 188,739,425.28
MXI MaxiTRANS Industries 0.26 -10 99241 $ 53,671,939.37
SRZ Stellar Resources 0.028 -10 4021281 $ 20,397,441.01
MXR Maximus Resources 0.145 -9 434030 $ 19,489,925.76
AYM Australia United Min 0.01 -9 278899 $ 20,268,352.34
NXM Nexus Minerals 0.105 -9 491392 $ 28,077,442.17
RGS Regeneus 0.105 -9 118779 $ 34,532,703.82
VEN Vintage Energy 0.066 -8 4047552 $ 43,462,392.98
AVW Avira Resources 0.055 -8 760631 $ 8,250,240.00