With the delta variant raging, the question has been asked in some corners; why have the Japanese government and the IOC (International Olympics Committee) insisted on holding the Summer Olympics?

Tokyo’s daily positive COVID-19 cases were at 1,000, but spiked to 2,000 as foreign athletes and contingents entered the country.

More than 80% of Japanese citizens polled are also opposed to the Games being held in the middle of a pandemic.

“You cannot take a decision regarding an Olympics Games, which is watched by billions around the world, based on a poll,” says IOC president, Thomas Bach.

Yes…not if US$12.6 billion was on the line – which is how much Tokyo has spent on it.

The Games will be held starting tonight (9pm AEST) until August 8th.

 

 

To the ASX….

The ASX 200 closed 0.11% higher at the morning session, with four out 11 sectors in the red.

Leading the session was IT and Healthcare, which rose by around 1.5% each.

 

WINNERS

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CODE COMPANY LAST % CHANGE VOLUME MARKET CAP
AIB Aurora Glb Trust 0.15 50.0% 302,871 $696,679
ANL Amani Gold Ltd 0.0015 50.0% 8,985,020 $12,386,997
MXI MaxiTRANS Industries 0.58 28.9% 4,824,529 $83,284,044
ARO Astro Resources NL 0.005 25.0% 309,156 $15,056,772
IEC Intra Energy Corp 0.01 25.0% 312,400 $3,181,792
POS Poseidon Nick Ltd 0.135 22.7% 26,073,932 $309,035,634
SW1 Swift Media Limited 0.028 21.7% 2,643,716 $13,308,501
WEL Winchester Energy 0.018 20.0% 27,559,372 $12,957,092
EGL Environmental Group 0.094 17.5% 695,008 $22,158,010
DTC Damstra Holdings 1.12 15.5% 2,043,473 $181,208,736
FTZ Fertoz Ltd 0.235 14.6% 817,361 $41,843,101
JPR Jupiter Energy 0.048 14.3% 4,145 $6,441,863
WML Woomera Mining Ltd 0.024 14.3% 4,956,259 $10,494,656
HZN Horizon Oil Limited 0.125 13.6% 3,118,157 $173,683,726
FAR FAR Ltd 1.25 13.6% 2,003,473 $109,769,541
SGC Sacgasco Ltd 0.052 13.0% 3,378,931 $21,964,693
EVE EVE Investments Ltd 0.0045 12.5% 41,999 $15,372,568
SBR Sabre Resources 0.0045 12.5% 1,431,944 $6,732,255
CKA Cokal Ltd 0.095 11.8% 3,402,047 $78,589,497
MDC Medlab Clinical Ltd 0.19 11.8% 462,184 $58,169,864
OKR Okapi Resources 0.39 11.4% 1,815,443 $18,672,021
VAL Valor Resources Ltd 0.01 11.1% 1,657,256 $26,044,483
VKA Viking Mines Ltd 0.02 11.1% 9,910,713 $18,382,652
BBT Bluebet Holdings Ltd 2.11 10.5% 742,248 $382,209,430
AGC AGC Ltd 0.16 10.3% 550,911 $9,820,456

 

Trailers specialist MaxiTrans (ASX:MXI) rose by 23% after entering into an agreements to sell its Trailer Solutions business and Ballarat property to Australian Trailer Solutions Group (ATSG), for an enterprise value of $30.257m, subject to shareholder approval.

In addition, MXI is in advanced discussions to sell its Derrimut and Hallam sites to a third party for a cash consideration of $18.05m.

These transactions will transform MXI into a dedicated commercial parts distribution business and are consistent with MXI’s long term strategy.

“What we are announcing today creates two simplified and more focused businesses,” said MaxiTrans CEO, Dean Jenkins.

Telco Swift Media (ASX:SW1) rose by 13% after flagging a 15% increase in full year FY21 revenues from the prior corresponding period (pcp), to $17.6 million.

IT solutions company Damstra Holdings (ASX:DTC) leapt another 15%, and is up by 40% this week after delivering a record quarterly revenue of $9.1m in Q4, up 75% on pcp, announced yesterday.

Defence and space technology company Electro Optic Systems (ASX:EOS) led the ASX Tech sector today, after rising 9% off the back of its quarterly update.

EOS said it has advanced its SpaceLink ‘communications superhighway for the new space economy’ and is in the process of selecting a satellite manufacturer for building the first constellation of four satellites.

Scheduled to list later today is GWR spinoff Western Gold Resources (ASX:WGR), which will list at 20c per share after raising $7 million in an IPO.

 

LOSERS

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Code Description Last % Volume MktCap
CLZ Classic Min Ltd 0.0015 -25.0% 15,898,880 $43,540,809
CCE Carnegie Cln Energy 0.0025 -16.7% 18,439,797 $44,107,721
DCX Discovex Res Ltd 0.005 -16.7% 2,000,000 $15,411,984
VPR Volt Power Group 0.0025 -16.7% 249,584 $28,033,601
CXZ Connexion Telematics 0.017 -15.0% 10,417,597 $17,603,302
EPX Ept Global Limited 0.17 -12.8% 98,634 $22,655,482
GMN Gold Mountain Ltd 0.021 -12.5% 1,532,084 $18,425,398
DDD 3D Resources Limited 0.004 -11.1% 878,116 $17,461,674
MBK Metal Bank Ltd 0.008 -11.1% 421,093 $10,701,615
TSC Twenty Seven Co. Ltd 0.004 -11.1% 2,075,000 $11,973,606
CLU Cluey Ltd 1.05 -10.3% 1,667 $104,502,377
AXP AXP Energy Ltd 0.0045 -10.0% 5,614,700 $23,392,563
SLR Silver Lake Resource 1.59 -9.9% 11,512,828 $1,556,462,569
CLB Candy Club 0.14 -9.7% 217,510 $53,057,299
BDG Black Dragon Gold 0.068 -9.3% 156,471 $10,172,936
EQE Equus Mining Ltd 0.01 -9.1% 2,139,950 $27,517,500
LSR Lodestar Minerals 0.01 -9.1% 1,414,400 $14,200,311
LKE Lake Resources 0.41 -8.9% 6,742,827 $476,134,797
WSR Westar Resources 0.16 -8.6% 16,840 $5,591,600
ZMM Zimi Ltd 0.016 -8.6% 824,000 $10,555,747
ATU Atrum Coal Ltd 0.055 -8.3% 28,898 $34,915,899
HRL Hrlholding 0.11 -8.3% 31,773 $59,253,268
PRS Prospech Limited 0.11 -8.3% 101,399 $7,802,471
WNX Wellnex Life Ltd 0.11 -8.3% 2,414,161 $36,036,698