Closing Bell: Tech and Crown shares lead ASX to another day in the green

The ASX finished in the green by just 0.03%.

Today’s gain was spurred by a 1.34% rally in tech shares as well as a rally in Crown (ASX:CWN) shares in the wash-up of the Victorian government’s royal commission.

Despite the report finding the casino was not worthy to hold a license, it will be given 2 years to clean up its act under government supervision.

Today saw the largest IPO for many years in asset manager GQG Partners (ASX:GQG). It initially gained up to 5% on debut but closed at $1.98 – a slight discount to its $2 IPO price.

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
KOR	Korab Resources	0.075	178	72197343
BCT	Bluechiip Limited	0.05	67	88823521
LMG	Latrobe Magnesium	0.053	61	115380202
MGL	Magontec Limited	0.48	50	322482
ANL	Amani Gold Ltd	0.003	50	28549482
CMD	Cassius Mining Ltd	0.024	50	5929327
AMD	Arrow Minerals	0.008	33	41784617
A8G	Australasian Gold	0.74	31	1808015
AGR	Aguia Res Ltd	0.065	30	4587732
LSA	Lachlan Star Ltd	0.039	30	46396040
AZS	Azure Minerals	0.45	25	6196128
CAE	Cannindah Resources	0.3	25	2318470
VIC	Victory Mines Ltd	0.0025	25	710018
GEV	Global Ene Ven Ltd	0.135	23	14318240
GW1	Greenwing Resources	0.36	22	1042807
KCN	Kingsgate Consolid.	1.98	21	4599005
CCE	Carnegie Cln Energy	0.003	20	6589476
IKW	Ikwezi Mining Ltd	0.92	19	16336
LPD	Lepidico Ltd	0.031	19	109218085
CRS	Caprice Resources	0.22	19	27008
TRL	Tanga Resources Ltd	0.047	18	722868
PRS	Prospech Limited	0.09	17	135519

Bluechiip (ASX:BCT), a company developing a tracking technology designed for medical samples stored at sub-zero temperatures, signed a licence and development agreement with Fujifilm Irvine Scientific.

In resources, magnesium hopeful Korab Resources (ASX:KOR) rose despite not having any news, leading to trading being paused. Emmerson Resources (ASX:ERM) meanwhile did have news – in the form of visible copper intersections at its Tennant Creek project.

Camplify (ASX:CHL), a campervan and motorhome sharing community which has more than tripled since listing in June, announced a $7m+ acquisition deal. It is buying the Mighway and SHAREaCAMPER businesses and assets in Australia and New Zealand.

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
OAK	Oakridge	0.001	-50	1357498
PCL	Pancontinental Energ	0.001	-33	606634
YPB	YPB Group Ltd	0.002	-33	112209157
ALT	Analytica Limited	0.0015	-25	324400
GTG	Genetic Technologies	0.006	-20	6378790
PVE	Po Valley Energy Ltd	0.026	-19	1182783
MOB	Mobilicom Ltd	0.05	-17	20000
TSC	Twenty Seven Co. Ltd	0.005	-17	1633563
ACB	A-Cap Energy Ltd	0.11	-15	9350319
JNO	Juno	0.12	-14	332715
MTB	Mount Burgess Mining	0.006	-14	115000
3MF	3D Metalforge	0.135	-13	75036
OAU	Ora Gold Limited	0.014	-13	500000
ENV	Enova Mining Limited	0.022	-12	109038
HCD	Hydrocarbon Dynamic	0.022	-12	1462816
KMT	Kopore Metals Ltd	0.022	-12	2651732
SIS	Simble Solutions	0.022	-12	1809000
IQ3	Iq3Corp Limited	0.15	-12	4901
ITM	Itech Minerals Ltd	0.3	-12	2478512
BGT	Bio-Gene Technology	0.195	-11	2551013
BCA	Black Canyon Limited	0.24	-11	173367
GNM	Great Northern	0.008	-11	4549333

Medibio (ASX:MEB) fell after updating shareholders on its path to get FDA approval for its technology used to diagnose sleep disorders, announcing it was pivoting to another pathway to regulatory clearance.

ANNOUNCEMENTS YOU MAY HAVE MISSED

Metal Hawk (ASX:MHK) signed an option agreement to purchase the nickel rights from Horizon Minerals (ASX:HRZ) on 12 granted tenements which are part of the Berehaven nickel project. Metal Hawk will says it will begin a regional exploration campaign shortly.

Neometals (ASX:NMT) says its Primobius joint venture company completed commissioning of its lithium-ion battery recycling demonstration plant. It will begin EV cell processing demonstration trials next month.

Swoop Telecommunications (ASX:SWP) announced another acquisition, in wholesale voice service provider VoiceHub. Swoop will pay $6 million, funded from existing cash reserves.

Still with acquisitions, Reliance (ASX:RWC) is buying plumbing supplies business EZ-FLO for US$325 million in a deal that Reliance says will accelerate its growth in North America.

Nova Eye Medical (ASX:EYE) has had its COVID-19 stimulus loan from the US government forgiven. The company spent the US$1,068,000 on payroll costs and other expenses to maintain compensation levels when COVID-19 first broke out.

Suncorp (ASX:SUN) estimates natural hazard claims incurred since July 1 could impact the company by up to $492 million. The most costly events included the hail in Coffs Harbour last week (costing up to $100 million) as well as the Victorian earthquake which could be up to $70 million.