Australia’s greatest basketball export, Ben Simmons, just hit his first career three-pointer in a pre-season game against Guangzhou Loong Lions. And didn’t we love it.

Local markets, sadly, are hitting the rim. The ASX Small Ords is down 0.11 per cent to 2870 points and the ASX 200 is down 0.72 per cent to 6546 points.

Consumer confidence is also down 5.5 per cent, according to the latest Westpac data.

 

Going up

Topping the list is disruptive welding company K-TIG (ASX:KTG), which has re-listed on the ASX after raising $7 million from institutional, high net worth, and retail investors.

It offered shares at 20c a pop, but is up 115 per cent at lunch, with shares fetching 49c.

Meanwhile, SeaLink Travel (ASX:SLK) is riding high on the back of an acquisition of transport provider Transit Systems Group and a capital raise, with its shares up 20 per cent to $4.61 at lunch.

Here are the best performing ASX small cap stocks at lunchtime, Wednesday October 9:

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Code Name Price % Chg Market Cap Volume
KTG K-TIG Ltd 0.49 +114.91% $68.7M 10.3M
BPH BPH Energy Ltd 0.0015 +50.00% $4.5M 221.2k
SUR Sun Resources NL 0.003 +50.00% $4.0M 170.0k
CFE Cape Lambert Resources Ltd 0.007 +40.00% $7.5M 11.6M
PCH Property Connect Holdings Ltd 0.004 +33.33% $2.7M 3.2M
CUV Clinuvel Pharmaceuticals Ltd 36.33 +29.33% $1.8B 651.1k
GLV Global Vanadium Ltd 0.0025 +25.00% $7.8M 2.4M
SLK SeaLink Travel Group Ltd 4.61 +20.43% $494.5M 4.1M
NWE Norwest Energy NL 0.006 +20.00% $20.3M 3.6M
RIM Rimfire Pacific Mining NL 0.006 +20.00% $8.1M 30.7M
TPD Talon Petroleum Ltd 0.003 +20.00% $5.3M 500.0k
OCC Orthocell Ltd 0.47 +18.99% $72.5M 17.7M
ENR Encounter Resources Ltd 0.17 +17.86% $46.3M 627.1k
SUD Suda Pharmaceuticals Ltd 0.0035 +16.67% $12.4M 250.0k
KSN Kingston Resources Ltd 0.02 +15.79% $38.9M 2.0M
XF1 XREF Ltd 0.44 +15.58% $73.7M 1.5k
STA Strandline Resources Ltd 0.12 +15.00% $42.8M 50.0k
UBN Urbanise.com Ltd 0.04 +14.71% $26.9M 55.4k
KEY Key Petroleum Ltd 0.008 +14.29% $13.5M 5.6M
FCT Firstwave Cloud Technology Ltd 0.17 +13.33% $52.1M 861.5k

 

Going down

No significant falls today, although data centre manufacturer DXN (ASX:DXN) has fallen 21 per cent after announcing a $5 million underwritten entitlement issue. One new share, worth 5.5c, will be offered for every four shares held.

Here are the worst performing ASX small cap stocks at lunchtime, Wednesday October 9:

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Code Name Price % Chg Market Cap Volume
WWI West Wits Mining Ltd 0.004 -33.33% $3.7M 9.4M
EXO Ennox Group Ltd 0.0015 -25.00% $2.7M 25.0k
WRM White Rock Minerals Ltd 0.0045 -25.00% $7.4M 300.0k
DXN DXN Ltd 0.06 -20.51% $22.5M 3.3M
TSC Twenty Seven Co Ltd 0.004 -20.00% $4.9M 2.2M
ESR Estrella Resources Ltd 0.0115 -17.86% $6.1M 11.1M
AVE Avecho Biotechnology Ltd 0.005 -16.67% $7.9M 118.3k
CLZ Classic Minerals Ltd 0.003 -14.29% $14.7M 7.2M
COO Corum Group Ltd 0.03 -14.29% $7.7M 75.0k
ID8 Identitii Ltd 0.3 -14.29% $16.4M 67.5k
AUT Auteco Minerals Ltd 0.007 -12.50% $7.0M 2.2M
RSH Respiri Ltd 0.07 -12.42% $38.6M 1.0M
KSS Kleos Space SA 0.24 -11.11% $25.6M 328.1k
TOE Toro Energy Ltd 0.02 -11.11% $34.8M 356.2k
LSR Lodestar Minerals Ltd 0.008 -11.11% $6.0M 1.2M
KGM KalNorth Gold Mines Ltd 0.008 -11.11% $7.2M 218.5k
HLX Helix Resources Ltd 0.02 -11.11% $6.8M 198.9k