Local appeared set for another down day after Omicron fears sparked jitters on global markets, but the ASX 200 defied expectations to post a 0.86% gain.

While both Wall Street and ASX futures were in the red, it was a solid day for the Australian bourse with most sectors gaining.

The best sectors were health (up 3.9%) and energy (up 1.62%) and the only sector in the red was property – by 0.37%

 

TODAY’S BIGGEST SMALL CAP WINNERS

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

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Total Brain (ASX:TTB) announced a license with Janssen Research and Development for a study looking into treatments for depression.

VR and metaverse software company Vection (ASX:VR1) rose off the back of a market update in which it tipped 2022 fiscal year revenue of $17-$19 million.

Marley Spoon (ASX:MMM) bounced off recent lows near 70c — off from its post-pandemic highs above $3.50 — after flagging plans to buy Australian ready-to-heat meal company Chefgood.

The deal involves a $21 million upfront payment for 100% of the equity in Chefgood, and additional earn-outs of up to ~$5.6 million over the next two and a half years based on revenue targets.

TODAY’S BIGGEST SMALL CAP LOSERS

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

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Goldie Nexus Minerals (ASX:NXM) fell after an exploration update.

Despite announcing some positive drilling results, it recorded no significant intercepts in one particular hole which was drilled down a post mineralisation structure.

 

ANNOUNCEMENTS YOU MAY’VE MISSED

AMP (ASX:AMP) will remove itself from the NZX, effective in the first week of February next year. The company says the delisting reflects the lower level of AMP shareholders on the NZX following increased accessibility of the ASX to Kiwi shareholders and will simplify its shareholder administration ahead of the demerger of its private markets business.

Kirkland Lake Gold (ASX:KLA) will pay a dividend for the 19th quarter in a row. It will pay US$0.1875 per share on January 14 to all shareholders as at the close of business on December 31.

Artificial intelligence (AI) sensor technology company, SenSen Networks (ASX:SNS), has been hired by the Queensland Revenue Office to help it with automated number plate recognition. The company will earn a minimum of $192,000 over the initial 36 months of the contract starting in January 2022.

$2.29 billion biotech Telix (ASX:TLX) announced it dosed its first patient in a Phase I study of TLX250-CDx in patients with non-muscle invasive bladder cancer in France. It is the sixth most commonly occurring cancer in males and the tenth most common worldwide.

Financial wellness fintech Douugh (ASX:DOU) signed a partnership with Openmarkets Group to offer ASX share trading to Australian customers. It will form a part of Douugh’s new financial super app in 2022 which will replace the current ‘Goodments by Douugh’ app.

Semiconductor company Revasum (ASX:RVS) says it has a US$8.2 million backlog of orders and in 2022 now expects to generate US$25-$35 million in revenue. CEO Rebecca Shooter-Dodd said 2021 had been a solid year of progress for the company and the backlog remained strong.

 

TRADING HALTS

Wednesday

Midas Minerals (ASX:MM1) – exploration results

Thursday

Nova Minerals (ASX:NVA) – resource upgrade
Aston Minerals (ASX:ASO) – exploration results
Carnaby Resources (ASX:CNB) – re-release of announcement
Scout Security (ASX:SCT) – convertible note