ASX Small Cap Lunch Wrap: Who’s putting their best foot forward today?

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:

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

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:

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