Closing Bell: ASX fails to maintain gains, despite tech gaining 1.7pc

Just like yesterday the ASX rallied for most of the day but retreated in the afternoon and today closed in the red.

The ASX 200 was down 0.08% at 7,375 points.

Another difference from yesterday was tech was the best sector gaining 1.7% while resources was the worst retreating 1.2%.

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
LDR	Lode Resources	0.315	110	40847776
NPM	Newpeak Metals	0.002	100	5950025
OAK	Oakridge	0.002	100	1504976
ANL	Amani Gold Ltd	0.003	50	12083519
CCE	Carnegie Cln Energy	0.003	50	6239342
EVE	EVE Investments Ltd	0.006	50	141543504
PCL	Pancontinental Energ	0.0015	50	600000
IQ3	Iq3Corp Limited	0.17	42	85750
MRD	Mount Ridley Mines	0.009	29	45120451
INF	Infinity Lithium	0.215	26	7073951
TOU	Tlou Energy Ltd	0.065	25	1484036
VAL	Valor Resources Ltd	0.02	25	54786386
DLC	Delecta Limited	0.016	23	54156526
VBS	Vectus Biosystems	2	21	64386
TSC	Twenty Seven Co. Ltd	0.006	20	5073839
TER	Terracom Ltd	0.245	20	11781969
TIG	Tigers Realm Coal	0.032	19	16059733
COY	Coppermoly Limited	0.013	18	122400
POW	Protean Energy Ltd	0.013	18	5004373
STM	Sunstone Metals Ltd	0.066	18	48650038
NOR	Norwood Systems Ltd.	0.02	18	322233
BLG	Bluglass Limited	0.049	17	6369356
IPD	Impedimed Limited	0.175	17	38428055
AXP	AXP Energy Ltd	0.014	17	139911345

Recently listed explorer Lode Resources (ASX:LDR) rose after reporting “significant sulphides” — including 27.5m at ~15% sphalerite (zinc ore), 1% galena (lead ore) and 0.5% chalcopyrite (copper ore) – in maiden drilling at the ‘Webbs Consol’ silver project in NSW.

Gold explorer Victory Mines (ASX:VIC) rose after reporting promising assay results at its Coogee project.

$8m food exporter EVE Investments (ASX:EVE) rose after its latest sales update in which it reported substantial sales growth – 66% in the last quarter in Australia and over 200% in the USA.

Singular Health (ASX:SGH) won funding from the CSIRO Kick-Start Program to undertake a research project with the CSIRO in the development of an Artificial Intelligence (AI)-based tool to automatically design replacement cranial implants.

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
SKN	Skin Elements Ltd	0.06	-40	8543448
CGB	Cann Global Limited	0.004	-20	9362448
OVT	Ovato Limited	0.002	-20	2568145
IVT	Inventis Limited	0.11	-19	55629
SHN	Sunshine Gold Ltd	0.05	-18	12359569
AO1	Assetowl Limited	0.005	-17	606510
OEQ	Orion Equities	0.235	-16	4732
FZR	Fitzroy River Corp	0.12	-14	39100
MR1	Montem Resources	0.076	-14	12531307
KPO	Kalina Power Limited	0.029	-12	6357384
A8G	Australasian Gold	0.775	-12	2006051
EGN	Engenco Limited	0.48	-11	148868
ADY	Admiralty Resources.	0.016	-11	3400
GNM	Great Northern	0.008	-11	1628985
MEB	Medibio Limited	0.008	-11	6697927
ROG	Red Sky Energy.	0.008	-11	3702776
TMH	The Market Herald	0.665	-11	13346
AUQ	Alara Resources Ltd	0.017	-11	1299689
CVV	Caravel Minerals Ltd	0.43	-10	525477
HHR	Hartshead Resources	0.026	-10	4184952
MGL	Magontec Limited	0.31	-10	32188
BMG	BMG Resources Ltd	0.071	-10	6010988
STK	Strickland Metals	0.081	-10	7315739

Skin Elements (ASX:SKN) dropped as it re-entered the ASX after being suspended for several months.

Living Cell Technologies (ASX:LCT) dropped thanks to a capital raising.

ANNOUNCEMENTS YOU MAY’VE MISSED

Worley (ASX:WOR) was awarded a low-carbon fuels services contract by Shell in the Netherlands. The deal provides for the construction of a low-carbon fuels facility that will produce 820,000 tonnes every year.

Retail Food Group (ASX:RFG) told shareholders franchisees of the Michel’s Patisserie bought a class action against the company alleging breaches of the Franchise Agreements. The company denied the allegations raised against it and said it would defend the proceedings.

Logistics company Wiseway (ASX:WWG) grew its revenues to $32.1 million in the September quarter up from $31 million in the prior corresponding period. The company credited the boom in ecommerce as well as growth in demand for Australian horticulture products in Asia.

Race Oncology (ASX:RAC) obtained a sixth US patent for its cancer drug Zantrene. The patent further expands the utility of Zantrene, in particular methods that improve Zantrene’s therapeutic ability.

Bailador (ASX:BTI) completed a $4 million follow-on investment into booking software and channel management tech company Rezdy. The valuation of the capital raising resulted in a 38% uplift to the valuation of its existing investment.

Perpetual Resources (ASX:PEC) signed a water lease agreement for its Beharra silica sand project with the Yamatji Southern Regional Corporation. The deal covers 560,000kL of water per annum, which suffices for Beharra’s base case production scenario of 1.5 million tonnes per annum.

Cazaly Resources (ASX:CAZ) and Woomera Mining (ASX:WML) both announced drilling had begun at the Mt Venn project. This current program is designed to test for higher grade gold mineralisation