Lunch Wrap: Who’s wooing who today?

Pic: Rommel Gonzalez / EyeEm / EyeEm via Getty Images

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