The ASX had a positive start to the week, driven by financial and travel stocks, despite global markets being overshadowed by the latest developments in the Evergrande saga.

Evergrande’s shares in Hong Kong were suspended from trading after a missed interest payment on its debt bill – which stands at roughly $400 billion.

While Hong Kong fell 2% in response, the ASX shrugged it off.  The ASX 200 rose 1.29% to close at 7,279 points although the ASX Emerging Companies Index retreated 0.11%, closing at 2,521.

The top sector was financials which rose 2.55% and tourism stocks had a positive trading day too. The worst sector was health which fell 0.49%.

 

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
JGH Jade Gas Holdings 0.077 941 37218614
ITG Intega Group Limited 0.87 53 18493776
CCE Carnegie Cln Energy 0.003 50 46350990
OVT Ovato Limited 0.003 50 7513342
AKN Auking Mining Ltd 0.3 43 30183094
GTG Genetic Technologies 0.009 29 26436833
TIG Tigers Realm Coal 0.023 28 21339008
OEX Oilex Ltd 0.005 25 133333
YPB YPB Group Ltd 0.0025 25 983536
ACP Audalia Res Ltd 0.011 22 1562664
NCR Nucoal Resources Ltd 0.011 22 12588387
IQ3 Iq3Corp Limited 0.14 22 24599
ATS Australis Oil & Gas 0.068 21 16613357
DOR Doriemus PLC 0.3 20 600469
ATL Apollo Tourism 0.7 19 1062501
YAL Yancoal Aust Ltd 3.54 18 618699
PAK Pacific American Hld 0.02 18 12737470
M24 Mamba Exploration 0.2 18 188318
RRR Revolverresources 0.4 18 1215580
ATU Atrum Coal Ltd 0.054 17 2397569
TKM Trek Metals Ltd 0.14 17 1042951
LAM Laramide Res Ltd 0.98 15 11610

Topping the bourse today was High Grade Metals which has recapitalised as Jade Gas (ASX:JGH) and refocused to gas exploration in Mongolia.

WA base metals explorer Auking Mining (ASX:AKN) rocketed off the back of its first assay results from a drilling program at its Koongie Park project. Headline results included 124m at 1.03% copper, 1.08% zinc, 1.54% lead and 50g/t silver.

Intega Group (ASX:ITG) climbed after receiving a takeover offer from Dutch engineering certification company Kiwa.

And one of the first companies to release its quarterly cash flow and activities report, Genetic Technologies (ASX:GTG), climbed after announcing a material increase in cash receipts for the September quarter to $850,000 from $68,000 in the June quarter.

 

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.

Code Company Price % Volume
NPM Newpeak Metals 0.001 -50 5999999
AWJ Auric Mining 0.1 -23 343104
XTE Xtek Limited 0.285 -22 983349
ALT Analytica Limited 0.002 -20 2050
FYI FYI Resources Ltd 0.425 -20 16700186
TMK Tamaska Oil Gas Ltd 0.009 -18 27224464
HNR Hannans Ltd 0.028 -18 47698890
FG1 Flynngold 0.15 -14 205155
MSI Multistack Internat. 0.039 -13 411528
AQC Auspaccoal Ltd 0.13 -13 7556
NVX Novonix Limited 5.7 -13 7474883
KNM Kneomedia Limited 0.014 -13 2242027
TDO 3D Oil Limited 0.05 -12 957900
BRV Big River Gold Ltd 0.25 -12 593943
PUR Pursuit Minerals 0.037 -12 37793320
BUR Burleyminerals 0.225 -12 227753
JPR Jupiter Energy 0.045 -12 1144221
FRX Flexiroam Limited 0.032 -11 644967
LSR Lodestar Minerals 0.008 -11 6993626
ROO Roots Sustainable 0.008 -11 572591
ERW Errawarra Resources 0.225 -11 100000

Xtek (ASX:XTE) fell off the back of a capital raising – completed at a discount to nearly 30% of its share price last week.

 

ANNOUNCEMENTS YOU MAY’VE MISSED

Murray Cod Australia (ASX:MCA) announced it had recommenced exports to the USA and Japan while Europe and the UK were due to recommence soon. It also expanded its deal with Woolworths (ASX:WOW) to cover 150 supermarkets, up from 15.

Vita Life Science (ASX:VLS) gave its shareholders a trading update, tipping full year sales to be between $51 and $53 million and a pre-tax profit of $10 million. The company credits increased consumer interest and purchases in Australia, Malaysia and Singapore.

Nick Scali (ASX:NCK) has purchased Plush-Think Sofas for $103 million. Nick Scali says the purchase will increase its showroom count by 46 to 108 and that it expects it to be earning accretive in the first full year of ownership.

Sensor monitoring group Universal Biosensors (ASX:UBI) signed a French distribution agreement for its wine testing platform device Sentia with Vivelys. Vivelys is part of the Oeneo Group which has over 10,000 customers worldwide.

Big River Industries (ASX:BRI) will be acquiring the trading business and assets of Illawarra-based United Building Products. The company will pay $9 million and will close the deal in early November.

 

TRADING HALTS

Tuesday

Fin Resources (ASX:FIN) – preliminary scoping study works
Woomera Mining (ASX:WML) – capital raising
Adavale Resources (ASX:ADD) – capital raising
Alligator Energy (ASX:AGE) – capital raising
Archer Materials (ASX:AXE) – capital raising
Tietto Minerals (ASX:TIE) – Definitive Feasibility Study
Trigg Mining (ASX:TMG) – release of scoping study
King Island Scheelite (ASX:KIS) – capital raising

Wednesday

Atomo Diagnostics (ASX:AT1) – commercial arrangements