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Lunch Wrap: Who’s wooing who today?
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The ASX 200 is having a good Friday, rising by 1.17 per cent at the halfway point.
Nine of 11 sectors rose, with Materials leading the way with a 2.2 per cent gain. Tech and Utilities were the only sectors to have fallen at lunch.
The positive sentiment has trickled down to the small cap stocks, with both the Small Ordinaries Index (+0.60%) and the nano-cap Emerging Companies index (+0.9o%) rising.
The major news on the ASX this morning has centred around Betmakers’ (ASX:BET) offer to buy out Tabcorp’s (ASX:TAH) wagering business for $4 billion.
Tabcorp’s share price rose by almost 3 per cent, while Betmakers plunged 13 per cent after the announcement.
Shares in chicken and turkey company, Inghams (ASX:ING), rose by 9 per cent after it upgraded its profit forecast for the full year to exceed prior forecasts.
Oncology company Imugene (ASX:IMU) and A2 Milk (ASX:A2M) have both risen by 7pc and 3pc respectively on no specific news.
Onto small caps…
WINNERS
Here are the best performing ASX small cap stocks at 12pm Friday May 28:
Swipe or scroll to reveal the full table. Click headings to sort.
| CODE | NAME | PRICE | % CHANGE | VOLUME | MARKET CAP |
|---|---|---|---|---|---|
| ACP | Audalia Res Ltd | 0.055 | 77 | 2820813 | $ 21,456,221.92 |
| ANL | Amani Gold Ltd | 0.0015 | 50 | 21088900 | $ 12,386,996.75 |
| CLZ | Classic Min Ltd | 0.0015 | 50 | 12123898 | $ 19,846,632.18 |
| TKL | Traka Resources | 0.031 | 48 | 13907549 | $ 10,635,766.43 |
| PCL | Pancontinental Oil | 0.002 | 33 | 20631678 | $ 9,010,073.23 |
| ALY | Alchemy Resource Ltd | 0.019 | 27 | 7536844 | $ 10,083,651.80 |
| GTG | Genetic Technologies | 0.01 | 25 | 60491201 | $ 72,133,813.94 |
| NPM | Newpeak Metals | 0.0025 | 25 | 6896667 | $ 11,348,322.60 |
| SHG | Singular Health | 0.385 | 24 | 410436 | $ 18,142,750.00 |
| TMS | Tennant | 0.033 | 22 | 1904728 | $ 9,865,159.16 |
| FRX | Flexiroam Limited | 0.035 | 21 | 2412649 | $ 14,518,763.87 |
| ALT | Analytica Limited | 0.003 | 20 | 2050 | $ 10,998,788.54 |
| CMD | Cassius Mining Ltd | 0.019 | 19 | 30001 | $ 4,595,942.24 |
| IVX | Invion Ltd | 0.013 | 18 | 15096348 | $ 60,918,465.25 |
| CAP | Carpentaria Resource | 0.17 | 17 | 8410488 | $ 68,982,393.53 |
| VAR | Variscan Mines Ltd | 0.068 | 17 | 3698242 | $ 12,352,957.39 |
| AOA | Ausmon Resorces | 0.007 | 17 | 404265 | $ 4,263,956.06 |
| AUH | Austchina Holdings | 0.007 | 17 | 331194 | $ 9,804,746.17 |
| CAV | Carnavale Resources | 0.007 | 17 | 3345716 | $ 14,281,381.82 |
| ROO | Roots Sustainable | 0.014 | 17 | 2566138 | $ 6,477,407.17 |
| SCL | Schrole Group Ltd | 0.014 | 17 | 3923495 | $ 17,795,847.96 |
| NMR | Native Mineral Res | 0.31 | 16 | 8693 | $ 7,779,645.00 |
Audalia Resources (ASX:ACP) was the biggest gainer at lunch time in small caps, rising by 77 per cent on no new announcements.
Medical imaging company, Singular Health (ASX:SHG), has been rising since yesterday, after it announced shareholders approval for acquiring Virtual Surgical Planning, a move that will launch the company into the $4.5 billion medical 3D printing market.
Austco Healthcare (ASX:AHC) rose by almost 10 per cent, after saying that it expects improved profit for the full year to $2.8-$3.3 million, from the $2.5 million in FY20. The company provides technology for healthcare including nurse call systems and enterprise reporting and analytics tools.
Another company to have provided an upgraded guidance was Aussie Broadband (ASX:ABB), which rose by 1 per cent this morning, after estimating that full year earnings will come in at between $17-$20 million, compared to the $12.3m prospectus forecast.
LOSERS
Here are the worst performing ASX small cap stocks at 12pm Friday May 28:
Swipe or scroll to reveal the full table. Click headings to sort.
| CODE | NAME | PRICE | % CHANGE | VOLUME | MARKET CAP |
|---|---|---|---|---|---|
| ECT | Env Clean Tech Ltd. | 0.001 | -33 | 628289 | $ 17,376,937.43 |
| WOO | Wooboard Tech Ltd | 0.002 | -33 | 5293983 | $ 11,466,488.23 |
| UUV | UUV Aquabotix Ltd | 0.0015 | -25 | 648751 | $ 4,776,749.62 |
| XAM | Xanadu Mines Ltd | 0.049 | -18 | 6410249 | $ 75,337,065.00 |
| EVE | EVE Investments Ltd | 0.005 | -17 | 27886282 | $ 23,058,851.34 |
| ZEU | Zeus Resources Ltd | 0.026 | -16 | 114193 | $ 5,584,650.00 |
| CIO | Connected Io Ltd | 0.006 | -14 | 6894091 | $ 3,731,557.63 |
| GGX | Gas2Grid Limited | 0.003 | -14 | 90000 | $ 7,005,428.64 |
| YFZ | Youfoodz | 0.47 | -14 | 203485 | $ 73,328,370.06 |
| CNB | Carnaby Resource Ltd | 0.4 | -14 | 1458355 | $ 54,254,993.02 |
| KP2 | Kore Potash PLC | 0.0165 | -13 | 21409629 | $ 12,791,753.69 |
| CNL | Celamin Holdings Ltd | 0.058 | -13 | 4079 | $ 15,213,556.33 |
| AFW | Applyflow Limited | 0.007 | -13 | 98774 | $ 14,494,829.91 |
| PEN | Peninsula Energy Ltd | 0.16 | -12 | 7158036 | $ 165,270,050.63 |
| MWY | Midway Ltd | 0.88 | -12 | 73352 | $ 87,336,222.00 |
| BET | Betmakers Tech Group | 1.41 | -12 | 23150782 | $ 1,299,611,841.60 |
| EMU | EMU NL | 0.04 | -11 | 1027722 | $ 19,514,580.39 |
| ARE | Argonaut Resources | 0.008 | -11 | 341116 | $ 26,215,843.04 |
| XST | Xstate Resources | 0.004 | -11 | 177722 | $ 12,103,143.82 |
| ZNC | Zenith Minerals Ltd | 0.255 | -11 | 609408 | $ 83,892,608.55 |
| AEV | Avenira Limited | 0.009 | -10 | 94179 | $ 8,628,528.18 |
| ESH | Esports Mogul Ltd | 0.009 | -10 | 6593637 | $ 28,822,241.91 |
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