Local stocks have followed a quiet lead from the US on Friday night, with no major catalysts in morning trade.

NSW is still getting drenched, after the rain gauge on Saturday reached the rare setting of ‘house floating down the river’ levels of precipitation:

More than 18,000 people have been evacuated from their homes on the mid-north coast as flooding threats remain elevated.

Large cap insurers came under a bit of pressure as investors assessed the fallout from another round of wild Aussie weather.

But gains in most of the major banks help drag the ASX200 index higher, while the microcap Emerging Companies Index traded flat into midday trade.

On global markets, the big story was in currencies after the Turkish lira crashed following more upheaval at the Turkey central bank.

Turkish leader Recep Tayyip Erdogan sacked central bank chief Naci Agbal, who had been presiding over some big interest rate hikes to bolster the currency and tame inflation.
 

WINNERS

Here are the best performing ASX small cap stocks at 12pm Monday March 22:

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

Stocks highlighted in yellow have made market-moving announcements
CODE NAME PRICE %CHANGE VOLUME MARKET CAP
ROG Red Sky Energy. 0.0035 75 181,870,544 $9,202,844
TZL TZ Limited 0.1 54 50,810 $6,251,207
ANL Amani Gold Ltd 0.0015 50 5,468,749 $10,786,997
ANW Aus Tin Mining 0.0015 50 8,358,967 $10,173,429
CLZ Classic Min Ltd 0.0015 50 36,001,867 $17,556,867
AYM Australia United Min 0.012 33 8,645,909 $16,583,197
KP2 Kore Potash PLC 0.028 33 7,917,207 $5,505,755
88E 88 Energy Ltd 0.0215 26 257,457,661 $206,747,037
XPE Xped Limited 0.0025 25 296,693 $6,378,586
XTC Xantippe Res Ltd 0.0025 25 4,508,296 $8,149,129
REZ Resourc & En Grp Ltd 0.049 23 12,891,740 $17,267,232
LCY Legacy Iron Ore 0.017 21 13,021,820 $89,666,339
TPP Tempo Australia 0.11 21 755,364 $32,999,831
LAW Lawfinance Ltd 0.018 20 160,000 $17,553,451
PNM Pacific Nickel Mines 0.056 19 40,000 $7,039,406
AGE Alligator Energy 0.019 19 31,587,775 $37,702,692
ONE Oneview Healthcare 0.445 19 25,984,615 $149,170,461
LSR Lodestar Minerals 0.013 18 122,300 $11,385,311
CWN Crown Resorts Ltd 11.56 17 3,589,758 $6,676,780,552
DTR Dateline Resources 0.0035 17 1,728,010 $25,905,234
AFW Applyflow Limited 0.008 14 62,625 $12,682,976
ICR Intelicare Holdings 0.32 14 697,185 $10,453,869

Minnow oil and gas explorer Red Sky Energy (ROG:ASX) led the pack in percentage terms, after shares in the company ticked higher to 0.35c.

ROG announced some positive results from a petrophysical evaluation at Killanoola SE-1 — its prospective oil tenement in South Australia.

Director Andrew Knox said it was an “encouraging” result as the company moves towards its end goal of recommencing production at the site.

Large cap casino stock Crown Resorts (ASX:CWN) grabbed headlines after receiving a non-binding takeover offer from private equity giant Blackstone priced at $11.85 per share.

Medtech company Oneview Healthcare (ASX:ONE) has convened an extraordinary general meeting scheduled for April 15, where shareholders will vote on the terms of a proposed investment in the company by research group StocksDigital.

ONE shares have been on a torrid rally since the deal was announced, and the stock jumped again this morning to climb above 40c — up from February trading levels of around 7c.
 

LOSERS

Here are the worst performing ASX small cap stocks at 12pm Monday March 22:

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

CODE NAME PRICE %CHANGE VOLUME MARKET CAP
ECT Env Clean Tech Ltd. 0.001 -33 11550000 $ 14,401,549.18
ANL Amani Gold Ltd 0.0015 -25 17935065 $ 21,573,993.49
CLZ Classic Min Ltd 0.0015 -25 28422187 $ 35,113,734.69
PVL Powerhouse Ven Ltd 0.12 -20 79102 $ 9,693,519.90
MLS Metals Australia 0.002 -20 1320000 $ 10,477,258.94
UUV UUV Aquabotix Ltd 0.002 -20 1150000 $ 5,970,937.03
XPE Xped Limited 0.002 -20 1394000 $ 7,973,232.30
DTR Dateline Resources 0.003 -14 1303339 $ 30,222,773.27
ERW Errawarra Resources 0.265 -13 197171 $ 10,281,734.22
AFW Applyflow Limited 0.007 -13 1500000 $ 14,494,829.91
PDN Paladin Energy Ltd 0.4 -12 32304486 $ 942,627,603.62
HXL Hexima 0.15 -12 50000 $ 20,463,309.53
ANR Anatara Ls Ltd 0.16 -11 149293 $ 12,680,988.48
RED Red 5 Limited 0.165 -11 19951120 $ 374,472,587.83
MDC Medlab Clinical Ltd 0.265 -10 994693 $ 82,504,322.95
AEV Avenira Limited 0.009 -10 968217 $ 8,628,528.18
MSI Multistack Internat. 0.027 -10 39680 $ 3,369,117.72
KAU Kaiser Reef 0.32 -10 105989 $ 34,366,965.67
DEM De.Mem Ltd 0.285 -10 336268 $ 55,301,717.84
CUL Cullen Resources 0.02 -9 874982 $ 6,598,188.45
GED Golden Deeps 0.01 -9 2700000 $ 8,523,365.84