• The ASX 200 was down 0.18% while the ASX XEC rose 0.23%
  • 6 out of 11 sectors were lower with the Financials sectors the lowest
  • The Utilities sector was leading, up 0.73%

 

The ASX 200 was down 0.18% today and the ASX XEC was up 0.23%. 

Only five of the underlying sectors are higher and six are lower, with Utilities the strongest sector, rallying by 0.73%, with notable small caps stocks including Delorean Corporation (ASX:DEL) up 12.5% and Genex Power (ASX:GNX) up 3.75%. 

Financials was the weakest, losing 1.15% – probably something to do with the Block Inc (ASX:SQ2) drama, which you can read all about here courtesy of Stockhead’s Eddy Sunarto.

 

NOT THE ASX

US stock indices rose yesterday, recouping losses after a wild trading session Wednesday, when the Federal Reserve raised interest rates by a quarter point but suggested it may be done raising interest rates soon.

Meanwhile, fresh data released early Thursday showed that filings for unemployment benefits held nearly steady last week, a sign that the broader labour market is robust despite large companies announcing layoffs.

The United Kingdom’s FTSE 100 ended Thursday down 0.9% in the wake of US Treasury Secretary Janet Yellen saying there were no plans to extend banking deposit insurance.

“The FTSE 100 in particular has struggled on a combination of ex-dividends, and a weak performance from banks. British American Tobacco was the worst performer on an ex-div basis, while HSBC and Standard Chartered have also slipped after posting two successive days of gains,” CMC Markets analyst Michael Hewson said.

 

ASX SMALL CAP LEADERS

Here are the best performing ASX small cap stocks:

Swipe or scroll to reveal full table. Click headings to sort:

Code Company Price % Volume Market Cap
SIH Sihayo Gold Limited 0.0025 150% 38,812,356 $6,102,128
NAGR Nagambie Resources 0.002 100% 211,000 $107,139
ADR Adherium Ltd 0.0035 75% 4,700,894 $9,992,877
FAU First Au Ltd 0.0045 50% 41,898,081 $3,284,350
CLZ Classic Min Ltd 0.0015 50% 23,356,636 $1,837,782
MIO Macarthur Minerals 0.185 32% 239,628 $23,191,488
BOD BOD Science Ltd 0.065 30% 1,322,623 $7,656,075
CBR Carbon Revolution 0.185 28% 1,135,717 $30,497,210
COD Coda Minerals Ltd 0.26 27% 620,005 $29,068,539
VTM Victory Metals Ltd 0.225 25% 750,965 $9,660,365
HHI Health House Int Ltd 0.01 25% 591,665 $1,130,637
LSR Lodestar Minerals 0.005 25% 915,000 $6,953,749
RDN Raiden Resources Ltd 0.005 25% 6,688,716 $6,618,330
BEZ Besragoldinc 0.165 22% 30,524,590 $47,771,355
TMK TMK Energy Limited 0.018 20% 15,036,242 $69,562,500
POL Polymetals Resources 0.18 20% 18,174 $6,777,404
NES Nelson Resources. 0.006 20% 1,315,333 $2,942,972
BRX Belararoxlimited 0.19 19% 64,786 $6,148,803
BYH Bryah Resources Ltd 0.019 19% 96,401 $4,500,056
GTE Great Western Exp. 0.045 18% 210,283 $6,895,028
GPR Geopacific Resources 0.028 17% 1,146,022 $12,508,587
SBR Sabre Resources 0.028 17% 216,096 $6,995,668
YOJ Yojee Limited 0.028 17% 1,161,249 $27,203,098
MCL Mighty Craft Ltd 0.18 16% 366,020 $50,280,762
MCM Mc Mining Ltd 0.18 16% 7,728 $61,640,646
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The small cap leader today was gold explorer Sihayo Gold (ASX:SIH) after announcing positive results for three more holes in the current drilling program at the company’s Sihayo Starter Project in North Sumatra, Indonesia.

All three holes returned significant gold intercepts, including:

  • Hole SHDD653 intersected 50.0m @ 7.75g/t Au from 215m, including 22.0m @ 13.14g/t Au from 228m;
  • Hole SHDD651 intersected 32.0m @ 4.73g/t Au from 249m, including 18.0m @ 7.55g/t Au from 263m; and
  • Hole SHDD652 intersected 10.55m @ 3.09g/t Au from 305m, including 4.55m @ 4.98g/t Au from 311m.

SIH said 14 holes for 4,736m of diamond drilling have been completed to date with follow-up drilling program testing potential extensions to known deeper high grade gold mineralisation at Sihayo.

“We believe the Sihayo gold deposit, which appears to be strengthening in both grade and thickness at depth, is analogous to the multi-million ounce Cortez Hills gold deposit in Nevada,” executive chairman Colin Moorhead said.

With these latest intercepts, we believe there is strong potential to grow the resource and further strengthen the case for an independent underground operation at Sihayo.” 

 

ASX SMALL CAP LAGGARDS

Here are the worst performing ASX small cap stocks:

Swipe or scroll to reveal full table. Click headings to sort:

Code Company Price % Volume Market Cap
GGX Gas2Grid Limited 0.001 -50% 18,687 $8,154,204
WBE Whitebark Energy 0.001 -33% 2,061,368 $9,697,329
MYE Metarock Group Ltd 0.165 -21% 454,312 $27,508,435
HFY Hubify Ltd 0.02 -20% 72,846 $12,403,407
TZL TZ Limited 0.0325 -19% 206,188 $8,908,325
SQ2 Block 89.2 -18% 925,390 $3,366,861,642
BMM Balkanminingandmin 0.205 -18% 210,659 $11,193,004
88E 88 Energy Ltd 0.01 -17% 92,073,094 $241,294,419
M2R Miramar 0.043 -16% 210,823 $3,604,769
JYC Joyce Corporation 2.7 -16% 2,200 $90,664,438
HVY Heavymineralslimited 0.11 -15% 399,358 $5,016,083
REC Rechargemetals 0.11 -15% 91,462 $5,173,350
LMLND Lincoln Minerals 0.011 -15% 14,110 $10,627,216
GLE GLG Corp Ltd 0.28 -15% 2,500 $24,453,000
AD1 AD1 Holdings Limited 0.006 -14% 112,688 $4,905,119
CPT Cipherpoint Limited 0.006 -14% 1,907,027 $8,005,717
EX1 Exopharm Limited 0.012 -14% 648,343 $2,200,961
OAR OAR Resources Ltd 0.003 -14% 398,000 $8,438,633
HIL Hills Ltd 0.026 -13% 2,906,105 $7,886,499
BIO Biome Australia Ltd 0.061 -13% 100,000 $11,371,710
BAT Battery Minerals Ltd 0.0035 -13% 256,500 $11,740,969
MOB Mobilicom Ltd 0.007 -13% 1,394,362 $10,650,237
EXL Elixinol Wellness 0.021 -13% 101,719 $7,590,374
IMR Imricor Med Sys 0.29 -12% 13,849 $49,944,716
TGN Tungsten Min NL 0.11 -12% 44,250 $98,301,784
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TRADING HALTS

Happy Valley Nutrition (ASX:HVM) – capital raising.

Proteomics International (ASX:PIQ) – pending the release of the results from a study to validate the performance of a panel of protein biomarkers for diagnosing endometriosis, which will be presented today in Brisbane at the 70th Annual Meeting of the international Society for Reproductive Investigation.