While US markets rose after the Fed outlined plans to gradually withdraw stimulus, our markets did not follow suit even amidst a sea of deals.

Leading the charge today was IGO (ASX:IGO) which after months of negotiations looks to have inked a deal to acquire fellow nickel miner Western Areas (ASX:WSA) for $1.1 billion.

Qantas (ASX:QAN) confirmed it was going with the Airbus A220 and Airbus A320 to replace its current domestic fleet, at a price worth tens of billions of dollars.

Other stocks announcing deals included Sims (ASX:SGM), which was buying US metal recycler Atlantic Recycling Group, Hotel Property Investments (ASX:HPI) and MA Financial (ASX:MAF), which announced separate pub acquisitions as well as Credit Clear (ASX:CCR) which is buying debt recovery solutions provider ARMA Group.

The ASX 200 finished 0.43% lower, closing at 7,296 points. Healthcare stocks plunged 5% and energy fell 1.17% although tech gained 2.07%.

 

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.

Oilex (ASX:OEX) jumped after announcing it had received a court order in India which removed the imposition of production curtailment at its Cambay field.

In tech, family-focused photo sharing app Tinybeans (ASX:TNY) also rose strongly, after a trading update where the company said it’s on track for a record quarter in December.

Biotron (ASX:BIT) rose after an update on its HIV and COVID-19 clinical programs. The company said its Phase II trial against HIV had been extended to include a second site in Australia.

Rising on its ASX debut was XPON Technologies (ASX:XPN), which provides cloud-based marketing technology solutions.

In resources winners included Encounter Resources (ASX:ENR) and Ozaurum Resources (ASX:OZM) with exploration results.

 

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.

 

ANNOUNCEMENTS YOU MAY’VE MISSED

Arena REIT’s (ASX:ARF) estimates that since June 30, its total property has grown 13.9% to $154 million. It credited macroeconomic drivers in the early learning sector, which it services through a portfolio of properties hosting childcare centres.

Fellow REIT Auctus (ASX:AVC) unveiled plans to spin out its US college student housing assets into its own ASX entity. It plans to list in February next year with a $45 million IPO and will consist of 11 properties with a fair value of US$189 million.

Suncorp (ASX:SUN) won a ratings upgrade from S&P Global Ratings. It has moved from A+ to AA- with a stable outlook, a move S&P said reflects the group’s business diversity and earnings resilience.

Cronos (ASX:CAU) sealed a deal to merge with CDA Health. The move has resulted in the replacement of four directors as well as $5 million in cash and 403.55m shares being issued to CDA Health which now owns 73.6% of the group.

Two days after plunging due to Novartis walking away from a partnership, Mesoblast (ASX:MSB) got positive feedback from the FDA on its Phase 3 program of rexlemestrocel-L in patients with chronic lower back pain due to degenerative disc disease.

 

TRADING HALTS

Friday

National Tyre & Wheel (ASX:NTD) – capital raising
Laserbond (ASX:LBL) – capital raising and acquisition
Corporate Travel Management (ASX:CTD) – capital raising
RTG Mining (ASX:RTG) – capital raising
Frontier Digital Ventures (ASX:FDV) – capital raising
Battery Minerals (ASX:BAT) – capital raising
Pearl Global (ASX:PG1) – capital raising
Kalamazoo Resources (ASX:KZR) – earn in transaction
Audio Pixels (ASX:AKP) – material agreement
The Sustainable Nutrition Group (ASX:TSN) – capital raising and acquisition

Monday

Magnis Energy Technologies (ASX:MNS) – off-take agreement
Bounty Oil & Gas (ASX:BUY) – PEP-11 update
Bionomics (ASX:BNO) – US IPO update
Emyria (ASX:EMD) – technology partnership
Matsa Resources (ASX:MAT) – divestment
IGO (ASX:IGO) – acquisition
Esports Mogul (ASX:ESH) – capital raising
Greenland Minerals (ASX:GGG) – outcome of Greenland government meeting
Mayur Resources (ASX:MRL) – capital raising
Future First Technologies (ASX:FFT) – capital raising