On a day Facebook was out for 6 hours, the tech sector – in Australia and abroad – was sold off and that was enough to send the ASX into negative territory.

The ASX 200 closed 0.41% down at 7,248 points and tech was easily the worst sector, down 2.97%.

No other sector lost over 1% although only a couple of sectors were positive, one being energy which rose 2.44%.

Nevertheless the ASX’s drop was moderate compared to other markets, boosted by the ASX keeping interest rates on hold and consumer confidence figures holding firm.

 

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.

AuMake (ASX:AUK) climbed after completing a capital raising and telling shareholders it stood to benefit as international students returned to Australia beginning in December.

Agtech stock Roots (ASX:ROO) obtained a notice of allowance for a US patent for its plant substrate temperature control device, the Heat Exchange Probe.

Perth based industrial services company SSH (ASX:SSH) upped its revenue guidance by 300% just over a fortnight since listing.

Dairy farm operator Australian Dairy Nutritionals (ASX:AHF) revealed all of its farms achieved organic certification.

In resources, Lodestar Minerals (ASX:LSR) and Castle Minerals (ASX:CDT) rose after project updates.

 

TODAY’S BIGGEST SMALL CAP LOSERS

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

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

Kingwest Resources (ASX:KWR), Inca Minerals (ASX:ICG) and Trigg Mining (ASX:TMG) all fell after their respective project updates.

 

ANNOUNCEMENTS YOU MAY’VE MISSED

New Zealand Media (ASX:NZM), which owns several media brands across the Tasman including the New Zealand Herald, tipped full year earnings between $63 and $67 million, slightly below 2020’s $67.3. million figure. The company said its advertising revenues this quarter were 7% above the September quarter last year but had nonetheless been impacted by current restrictions.

Industrial services provider Coventry Group (ASX:CYG) also updated its shareholders on trading conditions. Although lockdowns impacted sales by $2.5-$3.5 million the company said sales nonetheless rose by 12.6% in the first quarter of FY22, coming in at $78.2 million.

Lithium Australia (ASX:LIT) subsidiary Envirostream was awarded a 99 year operating license for its battery recycling facility in Campbellfield, Victoria. The license permits Envirostream to process over 500 tonnes of specified electronic waste annually.

Perpetual (ASX:PPT) announced it was buying debt markets and advisory business Laminar Capital. While the purchase price was not disclosed, Laminar has $8 billion in funds under advice along with $21 billion in assets under administration in its digital platform Treasury Direct.

Manganese explorer Black Canyon (ASX:BCA) announced its maiden JORC Mineral Resource Estimate (MRE) for its LR1 deposit which it is in a farm-in agreement in with Carawine Resources (ASX: CWX). The MRE came in at 15 million tonnes at 11.3% manganese.

MetalHawk (ASX:MHK) announced diamond drilling would commence at the Commodore nickel prospect after solid assay results. This prospect, BVNC003 lies just 150m north of the 5.9% nickel sulphide intersection revealed to shareholders last week.

MetalsTech (ASX:MTC) revealed a major coup for the spinout of its lithium assets – Winsome Resources – disclosing that China Jushi, China’s largest fibreglass manufacturer, had agreed to subscribe for 9.9% of shares on issue, equating to $2.7 million. This is in addition to the $3 million cornerstone investment by North America’s Lithium Royalty Corp.

Woodside (ASX:WPL) granted Worley (ASX:WOR) a two year extension to a frame agreement to support the Karratha Gas plant and Pluto LNG assets in WA. The deal covers brownfield engineering services including front-end engineering, technical support and design services.

 

TRADING HALTS

Wednesday

Atomo Diagnostics (ASX:AT1) – commercial arrangements

Thursday

Aura Energy (ASX:AEE) – financing agreement
Wide Open Agriculture (ASX:WOA) – distribution agreement
Pure Foods Tasmania (ASX:PFT) – capital raising
Titan Minerals (ASX:TTM) – exploration update
Navarre Minerals (ASX:NML) – capital raising
QMines (ASX:QML) – exploration results
Kalium Lakes (ASX:KLL) – commissioning activities
Security Matters (ASX:SMX) – capital raising