Closing Bell: Pre-Christmas Santa rally picks up where it left off
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The ASX resumed trading after the Christmas break with a healthy gain of over 1%, taking it to levels not seen since early September.
The ASX 200 closed at 7,510 points, up 1.21% from last Friday, a level last seen on September 8.
All sectors gained with the best being consumer staples which rose by almost 2%.
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 |
|---|---|---|---|---|
| CNB | Carnaby Resource Ltd | 1.26 | 71 | 23337120 |
| DCX | Discovex Res Ltd | 0.009 | 50 | 139294544 |
| OXX | Octanex Ltd | 0.028 | 47 | 276754 |
| EPM | Eclipse Metals | 0.052 | 30 | 4102101 |
| AT1 | Atomo Diagnostics | 0.265 | 26 | 15769373 |
| LDX | Lumos Diagnostics | 0.88 | 26 | 170113 |
| AFW | Applyflow Limited | 0.005 | 25 | 403981 |
| VPR | Volt Power Group | 0.0025 | 25 | 165000 |
| 4DS | 4Ds Memory Limited | 0.081 | 25 | 25578056 |
| SPQ | Superior Resources | 0.026 | 24 | 14249689 |
| MHJ | Michael Hill Int | 1.38 | 22 | 788192 |
| PGO | Pacgold | 0.55 | 21 | 230758 |
| ADO | Anteotech Ltd | 0.265 | 20 | 10109080 |
| CGB | Cann Global Limited | 0.003 | 20 | 36703619 |
| JAV | Javelin Minerals Ltd | 0.003 | 20 | 2519498 |
| XTC | Xantippe Res Ltd | 0.006 | 20 | 13509472 |
| MNS | Magnis Energy Tech | 0.545 | 20 | 22197713 |
| PKD | Parkd Ltd | 0.055 | 20 | 970435 |
| ID8 | Identitii Limited | 0.125 | 19 | 959181 |
| MQR | Marquee Resource Ltd | 0.13 | 18 | 7233870 |
| 1MC | Morella Corporation | 0.013 | 18 | 44535613 |
| BRK | Brookside Energy Ltd | 0.02 | 18 | 8402277 |
| IVZ | Invictus Energy Ltd | 0.135 | 17 | 9655584 |
Carnaby Resources (ASX:CNB) and its partner Discovex (ASX:DCX) climbed off the back of a discovery at the Greater Duchess Gold Project in western Queensland.
Michael Hill (ASX:MHJ) was the first retailer to give a post-Christmas trading update, telling shareholders it would deliver a first half year result well above the prior corresponding period’s EBIT figure which was $44.6 million.
While neither company had individual news, COVID test providers Lumos Diagnostics (ASX:LDX) and Atomo Diagnostics (ASX:AT1) both rocketed amidst heavy demand for COVID tests in recent days.
TODAY’S BIGGEST SMALL CAP LOSERS
(Stocks highlighted in yellow fell after making announcements during the trading day).
Scroll or swipe to reveal table. Click headings to sort.
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| ANL | Amani Gold Ltd | 0.001 | -33 | 45220973 |
| OEX | Oilex Ltd | 0.003 | -25 | 325391 |
| SBR | Sabre Resources | 0.004 | -20 | 870000 |
| LCT | Living Cell Tech. | 0.005 | -17 | 130671 |
| DDD | 3D Resources Limited | 0.003 | -14 | 4031631 |
| MEG | Megado | 0.085 | -14 | 236927 |
| ALB | Albion Resources | 0.205 | -13 | 218987 |
| PUA | Peak Minerals Ltd | 0.014 | -13 | 3951677 |
| SWK | Swick Mining | 0.315 | -13 | 1406356 |
| FRB | Firebird Metals | 0.345 | -12 | 180332 |
| DLT | Delta Drone Intl Ltd | 0.024 | -11 | 125312 |
| CTO | Citigold Corp Ltd | 0.008 | -11 | 3280605 |
| MEI | Meteoric Resources | 0.016 | -11 | 2214469 |
| PRM | Prominence Energy | 0.008 | -11 | 85894 |
| RAN | Range International | 0.016 | -11 | 1809886 |
| SIH | Sihayo Gold Limited | 0.008 | -11 | 100000 |
| BDX | Bcaldiagnostics | 0.125 | -11 | 70700 |
| CRB | Carbine Resources | 0.025 | -11 | 217131 |
| LGM | Legacy Minerals | 0.175 | -10 | 28975 |
| XPN | Xpon Technologies | 0.2 | -10 | 156390 |
| MRQ | Mrg Metals Limited | 0.009 | -10 | 866457 |
| JTL | Jayex Technology Ltd | 0.019 | -10 | 490436 |
| MCM | Mc Mining Ltd | 0.095 | -10 | 20000 |
Pure Minerals (ASX:PUA) dropped after an update on the proposed spin-out of its subsidiary Vertex Minerals, which is expected in mid January.
ANNOUNCEMENTS YOU MAY’VE MISSED
Very few ASX companies have been affected by COVID lockdowns in China; Magnotec (ASX:MGL), which has a magnesium anode manufacturing plant in Xi’an, is one of them. The company says production has been halted with all commercial activities ordered to cease.
The WA government approved the Stage 2 Conservation Management plan for initial low-impact drilling at the Hartog and Baudin targets at Chalice Mining’s (ASX:CHN) Julimar project. The approval requires no mechanised clearing of vegetation and a maximum operational footprint of 4.4 hectares.
Total Brain (ASX:TTB) entered into a data licensing deal with Alto Neuroscience for its iSpot-D research data. Total Brain will receive a one-off license fee of US$500,000, with the first US$100,000 due by January 15 and the balance within 15 days of the data transfer data which will be sometime in the March quarter.
Fintech Butn (ASX:BTN) obtained another $8.5 million in debt financing from existing bond holders. The company says the funds will be used to purchase eligible receivables and based on its receivables book, it will provide for over $50 million of additional annual origination capacity.
Payments solutions company Tyro (ASX:TYR) recorded just over $3 billion in transaction value in the first 24 days of December. This is 36% up from the prior corresponding period and takes its year to date volume to just over $15.3 billion.
