Closing Bell: ASX edges higher while there were 3 resources IPOs — and they all fell

Pic: Getty

The Santa rally continued today with the ASX closing higher than yesterday by 0.13%, despite trading lower for much of the day.

Tech had a solid day gaining 2.6% ,while health and telcos gained 0.78%. Materials and property were the worst sectors, losing 0.34% and 1.03% respectively.

There were four IPOs today but only one performed well – tech company Atturra (ASX:ATA).

That was accompanied by a flurry of resources stocks which all fell by more than 10% on day one.

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
WOO	Wooboard Tech Ltd	0.002	100	250205
BAS	Bass Oil Ltd	0.002	50	750000
CCE	Carnegie Cln Energy	0.0015	50	3654
CGB	Cann Global Limited	0.003	50	3534605
CNB	Carnaby Resource Ltd	0.003	41	6417947
ALT	Analytica Limited	0.62	33	590050
OEX	Oilex Ltd	0.002	33	3074635
APV	Appsvill	0.004	27	1975456
WEL	Winchester Energy	0.042	27	2917937
SBR	Sabre Resources	0.014	25	100000
ATA	Atturralimited	0.005	24	9268272
AT1	Atomo Diagnostics	0.62	23	5382390
MEG	Megado	0.215	20	32640
DCX	Discovex Res Ltd	0.12	20	32659113
ROO	Roots Sustainable	0.006	20	97900
AKM	Aspire Mining Ltd	0.006	17	200000
BKY	Berkeley Energia Ltd	0.084	17	307099
RC1	Redcastle Resources	0.21	17	12448232
DDD	3D Resources Limited	0.021	17	5200000
WGR	Westerngoldresources	0.0035	15	40713
LNK	Link Admin Hldg	0.15	15	12891612
BUD	Buddy Tech	5.51	15	4342731
AYM	Australia United Min	0.0115	14	202885

Penny tech stock AppsVillage (ASX:APV) told shareholders it received conditional approval to list on the TSX Venture Exchange in Canada and had obtained CA$2.9 million in financing.

In the energy sector, Winchester Energy (ASX:WEL) reported achieving US$996,507 ($1.4 million) in gross gas revenue accurals for the month of November.

One stock that rose without its own news was Atomo Diagnostics (ASX:AT1), which is one of the few companies selling rapid COVID test kits in Australia – a commodity in hot demand at the moment.

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
FAL	Falconmetalsltd	0.315	-37	15067043
STP	Step One Limited	1.53	-35	7426886
ANL	Amani Gold Ltd	0.001	-33	13801131
YPB	YPB Group Ltd	0.002	-33	1666666
DMM	Dmcmininglimited	0.135	-33	1324925
MLS	Metals Australia	0.0015	-25	2335032
VMG	VDM Group Limited	0.0015	-25	525261
VBC	Verbrec Limited	0.12	-20	91264
MCT	Metalicity Limited	0.008	-20	7001661
RBR	RBR Group Ltd	0.004	-20	3212899
VKA	Viking Mines Ltd	0.014	-18	4666223
AQC	Auspaccoal Ltd	0.125	-17	13223
VPR	Volt Power Group	0.0025	-17	172722
KLL	Kalium Lakes Ltd	0.13	-16	24280240
IMI	Infinitymining	0.17	-15	1349174
GMN	Gold Mountain Ltd	0.012	-14	3622726
ZMM	Zimi Ltd	0.012	-14	4956
HIO	Hawsons Iron Ltd	0.135	-13	62789610
AXI	Axiom Properties	0.069	-13	8088
AEV	Avenira Limited	0.014	-13	10655999
RNX	Renegade Exploration	0.007	-13	200000
TEM	Tempest Minerals	0.021	-13	394523
RMX	Red Mount Min Ltd	0.008	-11	1391476

Step One (ASX:STP) fell after telling shareholders it had identified a possible overclaim of GST credits on an Australian supply made by a foreign corporation which was not previously identified and it would have a $1.6 million impact pre-tax.

Potash aspirant Kalium Lakes (ASX:KLL) dropped after a shareholder update in which it revealed potassium salts harvested this year would be lower than initially targeted.

ANNOUNCEMENTS YOU MAY’VE MISSED

Link Administration Holdings (ASX:LNK) is set to be acquired by Dye & Durham, with the company entering a binding scheme implementation deed and telling shareholders to accept the offer. The bid, which is $5.50 per share, values Link at $2.9 billion.

Still with M&A, Sydney Airport (ASX:SYD) was notified by the Foreign Investment Review Board it had no objection to the proposed takeover by the Sydney Aviation Alliance. This was one of the key conditions for the merger proceeding notwithstanding the board embracing the offer.

Charter Hall’s Social Infrastructure REIT (ASX:CQE) acquired two childcare portfolios comprising 21 properties in WA and Victoria for a total purchase price of $134.3 million, reflecting a passing yield of 4.6%. The company also announced it upgraded its debt facilities to $700 million with another $100 million being provided by an existing financier.

Spacetalk’s (ASX:SPA) smartwatches will be stocked in Denmark. It announced a distribution agreement with local telco Telenor to distribute its Spacetalk Adventurer products in its Danish retail stores starting in January next year.

Air New Zealand (ASX:AIZ) released its monthly investor update with passenger numbers which were down compared to 12 months ago thanks to local lockdowns. However the company was looking to the future, telling shareholders it was aiming to get a zero emission aircraft in the air within five years and released a tender for businesses to help it build, launch of market such aircraft.