Local stocks continued their strong start to the week this morning, as the ASX climbed back to a five-month high.

Gains were mainly led by the big end of town, as the ASX200 climbed by more than 1 per cent while the Small Ords Index traded flat.

It followed a buoyant session on Wall Street as capital markets remain liquid and well-funded by huge policy stimulus measures.

NAB’s monthly business survey showed business conditions on the ground had broadly recovered to pre-COVID levels in July.

However, the data was collected in the final week of July as stage-four lockdown restrictions in Victoria came into effect, which saw confidence around the outlook take another big hit.

Elsewhere in markets, a strong session for the US dollar saw the AUD retreat back below US72c, while USD-denominated gold also fell back towards the $US2,000 mark.

 

WINNERS

Here are the best performing ASX small cap stocks at 12pm Tuesday August 11:

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CODE COMPANY PRICE CHANGE MARKET CAP
TTI Traffic Technologies Ltd 0.032 68.42% $13.7M
SFX Sheffield Resources Ltd 0.345 60.47% $106.0M
ICG Inca Minerals Ltd 0.003 50.00% $12.2M
RGS Regeneus Ltd 0.16 45.45% $44.4M
HSC HSC Technology Group 0.011 43.75% $18.4M
NZS New Zealand Coastal Seafoods 0.071 36.54% $49.5M
HT8 Harris Technology 0.14 21.74% $28.0M
PUA Pure Alumina 0.039 25.81% $17.1M
XTC Xantippe Resources 0.003 25.00% $8.0M
CFE Cape Lambert Resources 0.0025 25.00% $3.5M
BIQ BuildingIQ Inc 0.015 25.00% $5.2M
MGT Magnetite Mines 0.005 25.00% $11.2M
MME Moneyme 1.33 23.72% $228.7M
MGL Magontec Ltd 0.021 23.53% $24.0M
CE1 Calima Energy 0.006 20.00% $13.0M
DLC Delecta Ltd 0.006 20.00% $4.8M
EFE Eastern Iron Ltd 0.006 20.00% $2.5M
AAJ Aruma Resources Ltd 0.006 20.00% $6.8M
KEY Key Petroleum Ltd 0.006 20.00% $11.8M
MKG Mako Gold 0.135 22.73% $22.7M

LED lighting company Traffic Technologies (ASX:TTI) held its gains into midday trade, after announcing a five-year deal with NSW infrastructure giant Ausgrid.

The company said it expected to supply more than 60,000 LED lighting units over the term of the deal, as Ausgrid repairs and/or upgrades its existing traffic and street lighting network.

Sheffield Resources (ASX:SFX) also jumped after signing a “transformational joint venture” with China-owned Yansteel, which will make a $130m equity investment to acquire a 50 per cent stake in the Thunderbird mineral sands project in WA’s Dampier Peninsula.

And biotech stock Regeneus (ASX:RGS) ripped higher after (finally) doing a deal with Kyocera Corporation to develop and commercialise its stem cell treatment Progenza for knee osteoarthritis in Japan.

 

LOSERS

Here are the worst performing ASX small cap stocks at 12pm Tuesday August 11:

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CODE COMPANY PRICE CHANGE MARKET CAP
SUH Southern Hemisphere Mining 0.017 -45.16% $1.9M
PNN Pepinnini Minerals Ltd 0.001 -33.33% $1.6M
SVA Simavita 0.018 -21.74% $12.0M
MSB Mesoblast 3.89 -20.12% $2.3B
DHR Dark Horse Resources 0.002 -20.00% $8.1M
BAR Barra Resources Ltd 0.025 -19.35% $14.9M
IGL Ive Group Ltd 0.655 -18.13% $99.3M
BUG Buderim Ginger Ltd 0.21 -16.00% $18.5M
COY Coppermoly Ltd 0.006 -14.29% $12.8M
BKT Black Rock Mining Ltd 0.05 -13.79% $33.4M
AQC Australian Pacific Coal 0.13 -13.33% $6.6M
JPR Jupiter Energy 0.021 -12.50% $3.2M
RNX Renegade Exploration 0.007 -12.50% $5.0M
AJL AJ Lucas Group 0.033 -10.81% $39.5M
ICU Icetana 0.17 -10.53% $26.0M
SKY Sky Metals 0.135 -10.00% $45.7M
CWZ Cashwerkz 0.14 -9.68% $27.8M
SBW Shekel Brainweigh 0.19 -9.52% $26.4M
MKR Manuka Res 0.48 -9.43% $119.7M