Is our Reef dying?

Not according to Environment Minister Sussan Ley, who rejected UNESCO’s decision to put the Great Barrier Reef on the World Heritage “in danger” list.

And she’s now got the backing of 11 countries, who said the decision was politicised by China, also saying that it’s “the best managed reef in the world”.

What’s at stake? Around $6 billion of tourism trade every year.

Back to the markets, the ASX finished 0.30 per cent lower at the halfway mark.

All except three sectors were in the red, with Tech leading the way and rising by 2.5 per cent.

Energy and utilities were the main drag, losing 1 per cent each.

Afterpay (ASX:APT) rose by 7 per cent after making an after-hours announcement last night.

The company said it’s making its service available to select app customers at the most popular and largest merchants in the US.

This includes Amazon, CVS, Dell, Kroger, Macy’s, Nike, Sephora, Target, Victoria’s Secret, Walgreens and Yeti – a group of merchants that represent almost half of all US ecommerce volume.
 

WINNERS

Here are the best performing ASX small cap stocks at 12pm Thursday, June 24:

Swipe or scroll to reveal the full table. Click headings to sort.

 

In small caps however, the session belonged to the miners.

Carnaby Resources (ASX:CNB) rose 18 per cent with an exploration update from its Greater Duchess Copper-Gold project in northwest Queensland. It reported some handsome copper hits including 30m at 1.8 per cent.

OM Holdings (ASX:OMH) rose 20 per cent after committing to Tranche 4 funding of $500k and increased its JV interest in the Bryah Basin Manganese Joint Venture to 51 per cent.

Lithium play Ioneer (ASX:INR) rose by 12 per cent after confirming the issuance of a Class II Air Quality Permit for its Rhyolite Ridge Lithium-Boron Project in Nevada.

Meanwhile, digital marketing company, Adveritas (ASX:AV1), rose by 12 per cent after reporting that its TrafficGuard contracts signed in the June quarter were worth $350k, increasing its annualised revenue by 132 per cent compared to the March quarter. TrafficGuard is an ad fraud prevention technology owned by Adveritas.

 

LOSERS

Here are the worst performing ASX small cap stocks at 12pm Thursday, June 24:

Swipe or scroll to reveal the full table. Click headings to sort.