Small caps are enjoying their best performance since early November as tech stocks shine.

The Small Ordinaries was up 50.2 points, or 1.58 per cent, to 3,221.9, in its third day of solid gains in a row.

The tech sector was up 4.45 per cent, its best performance since January 14, while the Small Ords’ gains were its best since November 9.

The All Ordinaries index was up a more subdued but still substantial 1.12 per cent, with all sectors in the green.

The gains came ahead of a Reserve Bank of Australia meeting set for 2.30pm this afternoon, at which time the country’s central bank is expected to leave Australia’s ultra-low interest rates on hold for another month, as well as positive data on help-wanted ads

ANZ’s monthly analysis showed that job listings were at the highest levels since late 2008.


Here are the best performing ASX stocks this morning:

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Oilex (ASX:OEX) had soared 150 per cent to 0.75c after it completed the buyout of an oil field in India from Gujarat State Petroleum for $US2.2 million.

Think Childcare (ASX:TNK) was up 31.6 per cent to $3.04 after receiving a revised takeover proposal from Busy Bees Early Learning for $3.20 per share.


88 Energy (ASX:88E) plunged after revealing a number of setbacks including an equipment failure and wellbore condition issues.