The ASX closed today higher, no thanks to tech.

There were two sectors that gained over 1% – energy and resources – and financials and utilities also had good days gaining 0.78% and 0.84%.

But tech fell 3.7%, continuing to suffer from inflation fears, while the BNPL sector had the double whammy of a US inquiry into the industry.

The terms of the inquiry run by the US Consumer Financial Protection Bureau only specifically named five companies and only two of those were on the ASX – Afterpay (ASX:APT) and Zip Co (ASX:Z1P) but the whole sector sold off.

 

TODAY’S BIGGEST SMALL CAP WINNERS

(Stocks highlighted in yellow rose after making announcements during the trading day).

Scroll or swipe to reveal table. Click headings to sort.

Code Company Price % Volume
CNB Carnaby Resource Ltd 0.45 55 14015953
BAS Bass Oil Ltd 0.002 33 3497051
JAV Javelin Minerals Ltd 0.002 33 6250000
NTL New Talisman Gold 0.002 33 762983
WOO Wooboard Tech Ltd 0.002 33 409276
AKP Audio Pixels Ltd 24.2 27 48278
QGL Quantum Graphite 0.15 25 81547
ALK Alkane Resources Ltd 0.96 23 8746773
DCX Discovex Res Ltd 0.0055 22 22154910
W2V Way2Vatltd 0.17 21 185900
CCE Carnegie Cln Energy 0.003 20 2576323
AIR Astivita Ltd 0.775 19 199
PRX Prodigy Gold NL 0.039 18 721207
CXX Cradle Resources Ltd 0.047 18 88025
BNO Bionomics Limited 0.135 17 1377080
WC1 Westcobarmetals 0.14 17 175000
TYX Tyranna Res Ltd 0.007 17 300000
WWI West Wits Mining Ltd 0.038 15 10143326
GMR Golden Rim Resources 0.115 15 1001946
CT1 Constellation Tech 0.008 14 395034
RNX Renegade Exploration 0.008 14 2000000
SE1 Sensera Ltd 0.016 14 5377105
SIH Sihayo Gold Limited 0.008 14 37347

Enigmatic tech stock Audio Pixels (ASX:AKP) rose after signing a fabrication deal with a Chinese semiconductor company.

In resources, Carnaby Resources (ASX:CNB) up 36% reported a “spectacular” copper discovery from its Greater Duchess Copper Gold Project in northwestern Queensland.

Energy minnow Bass Oil (ASX:BAS), rose too off the back of its monthly production update from its Indonesian assets. Although production was slightly below October production levels, but Bass still netted November sales of 11,157 barrels of oil JV share or 6,136 barrels net.

 

TODAY’S BIGGEST SMALL CAP LOSERS

(Stocks highlighted in yellow fell after making announcements during the trading day).

Scroll or swipe to reveal table. Click headings to sort.

Code Company Price % Volume
NPM Newpeak Metals 0.001 -33 1300000
MLS Metals Australia 0.0015 -25 466666
TML Timah Resources Ltd 0.075 -23 40000
YPB YPB Group Ltd 0.002 -20 7387087
AJM Altura Mining Ltd 0.01 -17 58854731
GGX Gas2Grid Limited 0.0025 -17 500000
MEB Medibio Limited 0.005 -17 1316000
OAK Oakridge 0.2 -15 5883
LCK Leigh Crk Energy Ltd 0.15 -14 16553895
BAT Battery Minerals Ltd 0.012 -14 16708412
GTE Great Western Exp. 0.12 -14 222987
HCD Hydrocarbon Dynamic 0.012 -14 1027420
JNO Juno 0.12 -14 1664459
RHT Resonance Health 0.1 -13 260412
DUB Dubber Corp Ltd 2.71 -13 4981202
GML Gateway Mining 0.014 -13 7341851
ROG Red Sky Energy. 0.007 -13 11146713
REZ Resourc & En Grp Ltd 0.051 -12 138915
REM Remsensetechnologies 0.44 -12 247192
IPG Ipd Group 1.06 -12 1806518
LLO Lion One Metals Ltd 1.2 -11 7600
HTG Harvest Tech Grp Ltd 0.195 -11 1487195

It wasn’t a happy debut for utilities services provider IPD Group (ASX:IPD), which dropped over 10% as it began trading.

A handful of other stocks fell due to capital raisings, led by Leigh Creek Energy (ASX:LCK).

 

ANNOUNCEMENTS YOU MAY’VE MISSED

Palla Pharma (ASX:PAL) has been put into voluntary administration and its shares will be suspended. Despite being solvent for now, the board called the administrators believing the company was likely to hit the skids in light of the impact the omicron variant was having on elective surgeries.

EML Payments (ASX:EML) pledged to fight a lawsuit bought by Shine Lawyers. The suit alleges it failed to disclose the correspondence from the Irish central bank, raising concern about its AML/CTF risk and control frameworks, in a timely manner.

The ASX’s newest telco Swoop (ASX:SWP) upgraded its guidance to reflect the impact of recent acquisitions. FY22 revenue is now expected to be between $50 million and $53 million while earnings will be between $12 million and $12.5 million.

The merger between Santos (ASX:STO) and Oil Search (ASX:OSH) was formally implemented today with Santos acquiring 100% of the capital of Oil Search.

Transurban (ASX:TCL) reached a deal with the Victorian government for the delivery of the West Gate Tunnel Project. The completion dat is now late 2025 and the total cost is up by $3.4 million, which will be funded 50-50 by the government and Transurban.

 

TRADING HALTS

Monday

Magnis Energy Technologies (ASX:MNS) – off-take agreement
Bounty Oil & Gas (ASX:BUY) – PEP-11 update
Bionomics (ASX:BNO) – US IPO update
Emyria (ASX:EMD) – technology partnership
Matsa Resources (ASX:MAT) – divestment
IGO (ASX:IGO) – acquisition
Esports Mogul (ASX:ESH) – capital raising
Greenland Minerals (ASX:GGG) – outcome of Greenland government meeting
Mayur Resources (ASX:MRL) – capital raising
Future First Technologies (ASX:FFT) – capital raising
Magellan (ASX:MFG) – contract loss

Tuesday

Mamba Exploration (ASX:M24) – drilling update
Coda Minerals (ASX:COD) – Mineral Resource Estimate
Torrens Mining (ASX:TRN) – Mineral Resource Estimate
Pantera Minerals (ASX:PFE) – asset acquisition
Sacgasco (ASX:SGC) – asset disposal and farm out agreement