After climbing into midday trade, the ASX 200 lost ground in the afternoon to finish 0.14% lower.

There were sharper falls in the ASX microcap Emerging Companies index, which fell by 1.63% — its worst session since September 20.

At the big end of town, it was mainly the resources sector which dragged on the index as all the major miners lost ground.

Banking stocks fared better though as the ASX 200 Financials index climbed by 0.72%. Inflation data out of China in the afternoon showed factory gate prices rose at their fastest pace in 26 years — up 13.5% year-on-year.

TODAY’S BIGGEST SMALL CAP WINNERS

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

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Lithium play Green Technology Metals (ASX:GT1) became the latest ASX IPO to surge higher on debut when it listed earlier today.

The company operates three lithium projects in Ontario, Canada — one site with a JORC-defined resource of 4.8Mt and two exploration sites.

Nanocap explorer Metals Australia (ASX:MLS) ticked higher on strong volumes, after announcing that rockchip sampling had revealed high grades of lithium, tantalum and cesium.

MLS said the results confirmed a “major new LCT pegmatite discovery” at its Manindi project, located in the Youanmi region of WA.

Another big winner was hydrogen investment company Renu Energy (ASX:RNE), which ripped higher in morning trade after announcing plans to acquire Countrywide Renewable Hydrogen (CRH) through the issue of 134,659,520 fully paid ordinary shares at 6.8c.

In technology stocks, fintech player Douugh (ASX:DOU) jumped by around 30% on no news, a day after flagging 42% monthly growth in US customers for its financial management app.

Virtual and augmented reality stock Vection Technologies (ASX:VR1) also rose strongly, after releasing a trading update which showed steady growth in its total contract value across a varied of customer base.

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’VE MISSED

Raiz Invest’s (ASX:RZI) Funds Under Management hit the $1 billion milestone. This comes 5 years since its launch and according to the company equates to nearly $3,000 per customer.

Metals recycling company Sims (ASX:SGM) told shareholders it expects unaudited earnings for the first half of FY22 to be between $310 million and $350 million. The company credited strong margins in ferrous and non-ferrous products, driven be solid commodity prices and margin management.

One of the ASX’s few virtual reality stocks Vection Technologies (ASX:VR1), announced its Total Contract Value had reached $8 million, up 58% since it last reported. Nearly 50% of this was made up from the defence, military and law enforcement industry while another 21.7% came from the real estate sector.

Shaver Shop (ASX:SSG) reported its sales in FY22 were 0.9% down from the same period in 2021 but 15.7% up from FY20. However its online sales were up 58.6% from FY21 and 329.4% from FY20.

Aldoro Resources (ASX:ARN) told shareholders it had undertaken a sampling programme at its WA Wyemandoo project. It says satellite and drone imagery had identified over a thousand dyke-like features and it would now move to rock chip sampling.

TRADING HALTS

Thursday

Alice Queen (ASX:AQX) – scoping study
Westar Resources (ASX:WSR) – capital raising
Bowen Coking Coal (ASX:BCB) – capital raising
Liontown Resources (ASX:LTR) – DFS study and downstream scoping study
Alto Metals (ASX:AME) – capital raising
Global Energy Ventures (ASX:GEV) – capital raising
Peppermint Innovation (ASX:PIL) – capital raising

Friday

Lepidico (ASX:LPD) – company update
ArchTIS (ASX:AR9) – capital raising
Greenland Minerals (ASX:GGG) – regulatory update
Latrobe Magnesium (ASX:LMG) – capital raising
Nitro Software (ASX:NTO) – capital raising and acquisition