Last Orders: What you might have missed on the ASX today

ASX small caps saw another decline today, albeit with a more modest fall than yesterday.

The ASX Small Ordinaries index of 200 small-cap companies wrapped up the day down 0.35 per cent to 3,073.5

The ASX200 dropped as well – by 0.27 per cent to 6,679.1. Healthcare and materials were the key laggards while the financials sector was in the green.

The Emerging Companies index of nano-cap companies fell 0.44 per cent to 1,996.8.

Today saw the first tech IPO of 2021 in Felix Group (ASX:FLX), which makes software for the construction industry. Shares initially opened slightly up but the company has finished the day flat.

Announcements

Energy minnow Gas2Grid (ASX:GGX) climbed on a positive development in a legal fight with the French government. The company has been fighting a French government knock back renewal of its exploration permit for several years.

Today Gas2Grid advised shareholders it had not submitted a defence to a company’s $54 million claim for compensation.

Drug maker Acrux (ASX:ACR) announced the FDA had approved its generic testosterone topical solution. This means it can now manufacture and market it in the US.

Recently listed fintech lender Plenti Group (ASX:PLT) released a financial update in which it revealed the December quarter had been a record for the company.

Large cap burns treatment stock PolyNovo (ASX:PNV) also gave a trading update that left shareholders less than impressed. The company said sales had been slower than expected in October and November.

IT company and takeover target Webcentral (ASX:WCG) dropped after Keybridge Capital (ASX:KBC) made another bid to try and derail proposed takeover by 5G Network (ASX:5GN).

Keybridge submitted to the Takeovers Panel arguing there were “clear unacceptable circumstances” that should stop the process. It accused Webcentral of not disclosing a success fee payable to its financial adviser and argued that if it had shareholders would’ve made a different decision on the takeover.