New NSW premier Dominic Perrottet has wasted no time opening the door since he took office.

After a significant relaxing of local COVID-19 restrictions on Monday, the state government announced this morning that the quarantine dream nightmare will soon be a thing of the past.

From November 1, international travellers who test negative for COVID-19 before boarding their flight will be able to enter NSW without doing quarantine (home or hotel).

“We want people back,” Perrottet said. However, Australian citizens who return unvaccinated will still have to do their mandatory two-week stint in a hotel.

On markets, the ASX is up but local markets haven’t exactly picked up the baton from the S&P500 after a fairly barnstorming session on Wall Street overnight.

US stocks had their best month since March as a bunch of big earnings results beat expectations.

In a similar pattern to yesterday, two ASX sectors — tech and resources — are outperforming, with both indexes up by around 1% into midday trade.

There were more modest gains for banks and energy stocks, while gold stocks continued their recent rally after USD-denominated gold prices jumped back towards US$1,800oz this week.

 

ASX SMALL CAP WINNERS

Here are the best performing ASX small cap stocks for October 15 [intraday]:

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Stocks highlighted in yellow made market-sensitive announcements

Among stocks with news, Essential Metals (ASX:ESS) led the pack after advising the market of some strong assay results from a four-hole reverse circulation drilling program at its Pioneer Dome lithium project in WA.

BNPL play Payright (ASX:PYR) also gained ground following a trading update, where it said transaction volume rose to $27.6 million in Q1, flowing through to fee income of $3.8 million – up 14% on the prior quarter.

Most of today’s winners were in the resources space, but media business Motio (ASX:MXO) climbed off recent lows after a shareholder letter where it said Q1 had been a “challenging” environment for the national advertising market, but the company was focused on a number of initiatives to drive growth in the year ahead.

Health tech platform Rhinomed (ASX:RNO), which develops wearable nasal technology to improve breathing, also rose strongly on no news as it pushes back towards 2021 highs near 40c — up from around 10c in May.

 

ASX SMALL CAP LOSERS

Here are the worst performing ASX small cap stocks for October 15 [intraday]:

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