The ASX is on track for another strong session, as markets continue to take a more optimistic view of the medium-term outlook.

That’s despite ongoing hits to real economies across the globe, with Australia set to remain in lockdown for at least the next four weeks.

Overnight, New York Federal Reserve president John Williams said the “full scale of the economic consequences” from the COVID-19 pandemic were “still unknown”.

But for now, markets appear to be optimistic that unprecedented support measures from governments and central banks will help major economies hold the line until the health crisis is contained.

After some historic falls in March, the ASX is yet to post a daily decline of more than 2 per cent in April.

By 12pm EST on Friday, the ASX200 was up 2.45 per cent at 5,548.90 points, accompanied by a 2.74 per cent rally for the Small Ords Index which climbed to 2,371.20 points.

 

WINNERS

Here are the best performing ASX small cap stocks at 12pm Friday April 17:

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

CODE COMPANY PRICE % CHANGE MARKET CAP
HT8 Harris Technology 0.045 136.84% $8.6M
IP1 Integrated Payment Tech 0.006 100.00% $1.9M
SBR Sabre Resources Ltd 0.002 100.00% $852K
NWC New World Resources 0.015 61.11% $12.2M
FGO Flamingo 0.002 50.00% $1.1M
GTG Genetic Technologies Ltd 0.007 50.00% $32.8M
CZN Corazon Mining Ltd 0.003 50.00% $4.8M
8CO 8Common 0.067 34.00% $12.3M
SE1 Sensera 0.014 27.27% $4.5M
TSO Tesoro Resources 0.057 26.67% $20.7M
CCG CommsChoice 0.063 26.00% $12.1M
HLX Helix Resources 0.01 25.00% $4.4M
PAA PharmAust Ltd 0.1 25.00% $30.2M
BRK Brookside Energy 0.005 25.00% $5.0M
KOR Korab Resources Ltd 0.005 25.00% $1.7M
AMD Arrow Minerals 0.005 25.00% $4.8M
MXC MGC Pharma 0.031 24.00% $44.8M
ICI iCandy Interactive 0.026 23.81% $8.8M
RGI Roto-Gro Intl 0.061 22.00% $9.1M
KIS King Island Scheelite Ltd 0.04 21.21% $10.6M
ATU Atrum Coal 0.29 20.83% $138.7M

 
If you want to know why a stock has posted triple-digit percentage gains in morning trade these days, there’s a good chance it’s released some promising news tied to a treatment for COVID-19.

That was the case this morning, as online vendor Harris Technology (ASX:HT8) announced a “pro-hygiene range” of facemasks, hand sanitiser gels and alcohol wipes.

After signing a distribution deal with a China-based manufacturer, Harris Technology said it sold 30,000 face masks in March, while another shipment of 200,000 face masks (approved by the Therapeutic Goods Administration) has just arrived.

Nick Sundich has the wrap of all this morning’s COVID-19 related winners here.

A good resources strike also helps, and minnow explorer New World Resources (ASX:NWC) was the best performer among mining stocks this morning, after its six-hole drill program revealed “massive‐sulphides intersected” at the company’s Antler copper project in Arizona.

 

LOSERS

Here are the worst performing ASX small cap stocks at 12pm Friday April 17:

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

CODE COMPANY PRICE % CHANGE MARKET CAP
T3D 333D 0.001 -50.00% $2.1M
ACB A-Cap Energy 0.008 -38.46% $11.3M
PCL Pancontinental Oil&Gas 0.001 -33.33% $5.4M
CLZ Classic Minerals Ltd 0.001 -33.33% $7.4M
RFN Reffind Ltd 0.001 -33.33% $1.0M
ANW Aus Tin Mining Ltd 0.001 -33.33% $2.7M
MHI Merchant House International 0.081 -32.50% $11.3M
DDD 3D Resources Ltd 0.002 -25.00% $2.8M
CHK Cohiba Minerals Ltd 0.003 -25.00% $2.7M
AEE Aura Energy Ltd 0.002 -20.00% $3.6M
XTC Xantippe Resources 0.004 -20.00% $16.6M
MIO Macarthur Min 0.085 -19.05% $10.8M
MXR Maximus Resources 0.033 -15.38% $1.7M
HSC Homestay Care 0.009 -15.00% $16.8M
ARN Aldoro Resources 0.115 -14.81% $7.1M
NEW Norwest Energy NL 0.003 -14.29% $14.2M
TGN Tungsten Mining NL 0.12 -14.29% $107.9M