Last Orders: The ASX starts the week on a positive note

After its worst week since October in which it lost nearly 3 per cent, the ASX began the new week in the green with large caps outperforming their smaller peers.

The ASX 200 finished up 0.84 per cent at 6,663 points. The ASX Small Ords meanwhile only gained 0.51 per cent, finishing at 3,096.5 and the ASX Emerging Companies Index dropped by 0.02 per cent, ending the day at 2,006.6.

The majority of the ASX’s winners were in resources, both among small caps and large caps.

But today’s biggest winner was Telehealth software company Oneview Healthcare (ASX:ONE) which more than doubled today following news of a distribution agreement with Samsung.

Other markets in the Asia-Pacific, particularly Hong Kong and South Korea also had positive trading days, but US futures are pointing slightly downwards.

Other small cap news

Suvo Strategic Minerals (ASX:SUV) announced it was beginning a drilling campaign at its Pittong and Trawalla kaolin operations. It already has a resource under non-JORC standards and it hopes to convert its resource into a JORC compliant one. The campaign will be completed in March and results are due in April.

WA brewer Good Drinks Australia (ASX:GRB) won a 5 year extension on its contract to supply Optus Stadium with its beverages. It is the stadium’s sole provider of draught and packaged products at the stadium and will be until 31 December 2028.

Semiconductor play 4DS Memory (ASX:4DS) revealed the latest testing results of its wafers and reported their speed and endurance were the best ever recorded by the company.

5 companies were suspended from the ASX this morning for failing to lodge their quarterly report on time. The list is Magnotec (ASX:MGL), CardieX (ASX:CDX), Helios Energy (ASX:HE8), Wellness & Beauty Solutions (ASX:WNB) and Collection House (ASX:CLH). All but Magnotec have since lodged their report or at least given their shareholders an update.

Matrix Composites and Engineering (ASX:MCE) won a contract with Newcrest Mining (ASX:NCM) to develop a technology solution for its Cadia gold mine in New South Wales.