After trading down for most of the day, the ASX ultimately closed higher despite a big sell off in tech.

The ASX 200 closed at 7,245 points which was 0.05% higher than Friday. Tech retreated 2.2% over inflation fears but gains of over 1.9% in consumer staples and utilities were enough to drag the bourse higher.

 

TODAY’S BIGGEST SMALL CAP WINNERS

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

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EVE Health Group (ASX:EVE) announced a sales and distribution alliance with fellow wellness company Neptune Bio-Innovations.

Goldie Manhattan (ASX:MHC) likewise rose with an exploration update – reporting hits including 8m at 40.5g/t.

IOCG hunters Coda Minerals (ASX:COD) and Torrens Mining (ASX:TRN) rose after an exploration update at their Elizabeth Creek project. Coda told shareholders the mineralised envelope at Emmie Bluff Deeps had now been “materially extended by drilling to the north, east and south”.

 

TODAY’S BIGGEST SMALL CAP LOSERS

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

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Larvotto Resources (ASX:LRV) and Australian Bond Exchange (ASX:ABE) both plunged on their ASX debuts.

 

ANNOUNCEMENTS YOU MAY’VE MISSED

Also listing on the ASX today was the Newmark Property REIT (ASX:NPR) which completed a $128.3 million IPO.  Newmark used its listing day to announce cosmetics retailer MECCA as its flagship tenant at 299 Bourke Street in Melbourne – a space that will be double the size of its flagship store in Sydney.

Just a fortnight after announcing its CEO Darryl Abotomey would retire, Bapcor (ASX:BAP) told shareholder he was out immediately after previously agreeing that he would stay on until late February. The company said there had been “a marked deterioration” in the relationship between the board and him.

Indoor Skydive Australia (ASX:IDZ) will be changing its name to XReality Group as of Wednesday after shareholders signed off on the move. The company, one of the few on the ASX offering exposure to the metaverse, says the name change aligns with its global ambitions.

Kiwi venture capitalist Powerhouse Ventures (ASX:PVL) cashed out its 11.76% stake in edtech company EdPotential. It will receive NZ$330,000 in proceeds which represents a return of ~120% on its original investment of NZ$150,000.

Eureka Group (ASX:EGH) will be buying a rental accomodation village in Queensland’s Whitsundays region. The company will pay $5.1 million for the facility which includes 46 units.

 

TRADING HALTS

Tuesday

Prominence Energy (ASX:PRM) – capital raising and asset acquisition
Australian Strategic Materials (ASX:ASM) – optimisation study update
Ausgold (ASX:AUC) – project update
Talon Energy (ASX:TPD) – drilling results
Strike Energy (ASX:STX) – drilling results
Registry Direct (ASX:RD1) – capital raising
Hot Chili (ASX:HCH) – capital raising

Wednesday

Cobram Estate Olives (ASX:CBO) – capital raising
ADX Energy (ASX:ADX) – capital raising
Vortiv (ASX:VOR) – capital raising
Icentana (ASX:ICE) – capital raising
Ionic Rare Earths (ASX:IXR) – acquisition
Equus Mining (ASX:EQE) – capital raising
Anteris Technologies (ASX:AVR) – underwriting transaction of options