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.

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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.

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