After Australia’s recent seat-of-the-pants qualifying effort for the 2022 FIFA World Cup, there’s probably more than a couple of Aussies frantically booking flights so they can be there to witness Our Socceroos™ bow out super-early after getting the Big Group D from France and Denmark.

Socceroo Jackson Irvine previews Australia’s controversial plan to use levitation to win the 2022 World Cup in Qatar. Pic: Joe Allison/Getty Images

However, if you’re planning on traveling stag to host nation Qatar – and reckon you’re in with a chance of scoring a (go on… admit it…) rare “away goal” while you’re there – we may have some bad news for you.

A post-match shag with anyone other than your not-even-remotely-same-sex spouse can carry a pretty stiff penalty in Qatar, with the potential of a seven-year stretch in the pokey if you’re caught in flagrante delicto (which, we’re told, is Lawyer for “having sex”).

It’s only recently hit the headlines, despite Qatar’s tolerance for anything that deviates from the ‘man and woman who are married to each other’ formula for sex being quite famously low – and it’s still sinking in for some that a night of post-play passion could end in a rather gruesome penalty.

It’s potentially even worse for members of the LGBTQI+ community, who face severe punishment if they’re caught doing what comes naturally, so we’re betting Ricky Martin won’t be performing and fans will instead be singing quietly to themselves instead, about Livin’ La Vida Sofa.

So, the general rule of thumb for anyone intending on watching the World Cup in person is pretty clear: If you’re about to do something that’s likely to make the ref blow his whistle when he sees it, either don’t do it at all – or make damn sure he’s not looking when you do.

TO MARKETS

Australian markets were pretty flat this morning, despite a grandiose lead-in from Wall Street overnight. Pity, really… because yesterday’s positivity made such a pleasant change and it would have been nice to head into Hump Day with a good head of steam.

Energy and Utilities piled on some solid sector results, adding 2.35% and 2.54% respectively. Sadly, Infotech (-1.90%) and Consumer Discretionary (-1.54%) teamed up to ruin it for everybody.

Fletcher Building (ASX:FBU) and Stanmore Resources (ASX:SMR) were the top heavyweights getting heavier, after the Queensland government’s announced changes to its coal royalty regime in this year’s budget helped Stanmore climb 9.80%.

Fletcher’s (implied) threat to bludgeon everyone to death with a 98-page Investor Day report (which essentially said “nothing’s changed”) scared investors into pushing its price up more than 6.0%.

Leading the losers were Blackmores (ASX:BKL), down about 6.0% on not much news at all, and three of our oft-mentioned miners, Lake Resources (ASX:LKE), Core Lithium (ASX:CXO) and Sayona Mining (ASX:SYA) – falling about 15.0%, 10.0% and 9.0% before lunch.

Overseas, and as discussed earlier, Wall Street came back from Juneteenth celebrations with a solid rally. The Nasdaq (+2.51%) narrowly pipped the S&P (+2.45%) for line honours, and the Dow brought up the rear (while claiming the win on handicap) with a 2.15% gain.

Asian markets, however, completely missed the memo. The Nikkei did least-worst (-0.25%), with Shanghai (-0.34%) and Hong Kong (0.71%) getting in on the downward trend.

To Commodities, where lunchtime saw oil prices flat, and most other major markets down. Natural gas and gold both fell 0.44%, and copper took a hit, down 1.35%.

ASX SMALL CAP WINNERS

Here are the best performing ASX small cap stocks for June 22 [intraday]:

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

Leading the small caps in terms of sheer percentage growth this morning is uber-tiny Tempest Minerals (ASX:TEM), which went up better than 50% after it dropped a prospectus late yesterday regarding an issue of up to 49,650,000 Placement Options and 12,412,500 Advisor Options and 15,000,000 Company Officer Options.

Revolver Resources (ASX:RRR) spiked ~25.0% on news of significant drill intercepts at its Dianne copper project (37.5m ETW @ 1.23% Cu from surface including 19.8m @ 2.00% Cu from 2m), and Elementos (ASX:ELT) also made some smile-widening gains after executing key DFS contracts for its Oropesa Tin Project, via its Spanish subsidiary Minas de Estaño de España.

ASX SMALL CAP LOSERS

Here are the worst performing ASX small cap stocks for June 22 [intraday]:

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