It’s been a topsy turvy week, as local markets followed the lead of US stocks which in turn got rattled by the latest round of policy-tightening machinations by the US Federal Reserve.

But after three straight losing sessions, the good vibes returned on Friday as the ASX microcap Emerging Companies index posted a gain of around 1%.

Local investors flocked to a hot new IPO for the second straight session, as Noble Helium (ASX:NHE) almost doubled up with an auspicious debut.

Small cap resources stocks populated the bulk of the Friday winner’s list, following the big end of town where uranium plays and gold stocks had a good session.

Looking ahead, US stock futures are pointing slightly higher to end the week, after rebounding overnight following some nervous selloffs on Tuesday and Wednesday.

 

TODAY’S BIGGEST SMALL CAP WINNERS

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

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Investors thought Noble looked like great value, after raising $10m in the IPO at 20c a share.

The company is focused on identifying, exploring and developing helium assets in United Republic of Tanzania. Once listed, it immediately shot to almost 40c for a day-one gain of 19.5c.

The Noble gains follow a similar IPO surge for WA-based graphite play International Graphite (ASX:IG6) yesterday.

Governance and compliance software company K2Fly (ASX:K2F) also outperformed in Friday trade, after flagging firm commitments for a $6.2m capital raise which will be cornerstoned by industry player Maptek.

Founded in Australia 41 years ago, Maptek is “the largest private mining software group in the world with annual revenues in excess of $120m”, K2Fly said.

 

TODAY’S BIGGEST SMALL CAP LOSERS

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

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ANNOUNCEMENTS YOU MAY HAVE MISSED

Junior Perth investment firms Ozgrowth (ASX:OZG) and WestOz Investment company (ASX:WIC) have both announced the Supreme Court of Western Australia has approved mergers with Geoff Wilson’s WAM Capital (ASX:WAM).

The merger is due to become legally effective following lodgement of the court orders with ASIC, which Ozgrowth and WIC intend to do on Monday. Ozgrowth and WIC shareholders will receive WAM Capital scrip as part of the agreed deal. OZG and WIC shares will be suspended from trading on the ASX at the end of trading on Monday, April 11.

Roots Sustainable Agricultural Technologies (ASX:ROO) has signed a binding dealership agreement with UK agricultural project and technology provider TK Solutions for the sales, marketing, logistics, installation and post-sale service of its Root Zone Temperature Optimisation Technology (RZTO).

An initial exclusivity period of 12 months has been agreed for the large agricultural markets of the UK, Ireland and Austria. After the initial 12-month term an evaluation will be made by both parties to extend.

TRADING HALTS

Cobre Limited (ASX:CBE) trading halt, pending an announcement with respect to an exploration program in Botswana and a response to a price and volume query from the ASX

Krakatoa Resources Limited (ASX:KTA) – trading halt, pending the announcement of material exploration results from its 100% owned Mt Clere REE Project

Ragnar Metals Limited (ASX:RAG) – trading halt, pending a significant announcement in relation to assay results from the Swedish drilling program