The ASX had a positive finish to the week taking its weekly return to 1.8%.

Today the ASX 200 closed at 7,457 points, 0.39% higher than yeterday.

Tech was heavily sold off, shedding 1.64% but almost all other sectors were in the green with consumer discretionaries and telcos gaining over 1%.

 

TODAY’S BIGGEST SMALL CAP WINNERS

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

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Marquee Resources (ASX:MQR) unveiled earn-in agreements for the Kibby Basin Lithium project as well as the Lone Star Copper-Gold Mine in Nevada and Washington State respectively.

Bryah Resources (ASX:BYH) told shareholders it had picked up new tenure at Lake Johnston in WA  prospective for lithium and nickel.

AIC Mines (ASX:A1M) has come out of a months-long trading halt after finalising the ‘transformational’ acquisition of the ‘Eloise’ copper mine for ~$25m in cash and shares.

 

TODAY’S BIGGEST SMALL CAP LOSERS

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

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Stellar Resources (ASX:SRZ) fell after a drilling update.

Cann Global (ASX:CGB) dropped as a capital raising took effect.

 

ANNOUNCEMENTS YOU MAY HAVE MISSED

Atomos (ASX:AMS), a company makes and sells camera add-ons for amateur Instagrammers and professional photographers, told shareholders its co-founder Jeromy Young would be retiring later this month. The company said he wished to pursue other interests after more than a decade with the company.

Qantas (ASX:QAN) used its AGM to announce two new routes, Brisbane to Wagga Wagga and Adelaide to Newcastle. It also announced plans to accelerate its A380 comeback with the first returning to Australian soil next week and the return to the Kangaroo Route bought forward to July 2022 from November 2022.

REA Group (ASX:REA) announced its results for the first quarter of FY22. Its revenues were up 35% to $264 million and free cash flow up 20% to $49 million.

Meanwhile, money manager Pendal (ASX:PDL) unveiled its results for the 12 months to September 30. It’s profit grew 42% to $164.7 million and funds under management grew 14% to $107.9 billion.

HR tech stock Intellihr (ASX:IHR) told shareholders it just hit the milestone of $5 million in Annualised Recurring Revenue. The company also reached 250 contracted customers in Australia, New Zealand, the US and the Phillippines.

And it’s HR tech peer Hiremii (ASX:HMI) announced it was buying recruitment business Inverse Group. It will be paying up to $1.5 million subject to performance milestones being achieved.

 

TRADING HALTS

Monday

Amplia Therapeutics (ASX:ATX) – capital raising
Hiremii (ASX:HMI) – acquisition
Aurora Labs (ASX:A3D) – capital raising
Strickland Metals (ASX:STK) – capital raising

Tuesday 

Okapi Resources (ASX:OKR) – acquisition
TNG (ASX:TNG) – capital raising
TZ (ASX:TZL) – capital raising
SenSen Networks (ASX:SNS) – capital raising
Corella Resources (ASX:CR9) – JORC Mineral Resource Estimate

Disclosure: The author held shares in Qantas (ASX:QAN) at the time of writing this article.

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