As daily life changes (broadly for the worse) for millions of Australians, it’s been a case of all-hands-on-deck for domestic policymakers.

In fact, yesterday marked a historic day on Australian capital markets, with dramatic swings across stocks, bonds and the Australian dollar and and unprecedented stimulus response from Australia’s central bank.

This morning, our major commercial banks got in the act, announcing plans to go easy on Australian small business in an effort to keep the economy afloat.

The big four said they would defer loan payments to small businesses for a period of six months — a move expected to free up around $8bn from a total loan pool of around $100bn.

The end goal is to try and keep a lid on the negative ripple effects that will spill out from a sharp rise in unemployment.

Across the domestic economy, small businesses employ around 5 million Australians which is equivalent to around 60 per cent of the total workforce.

More fiscal stimulus from the federal government is also expected later today. As policy makers pledge to do “whatever it takes” to hold the line as the corona crisis worsens, stock investors have gotten some brief respite to end the week.

Just after midday trade, the ASX200 was more than 3 per cent higher at 4,938.60 points, while the Small Ords index was up 2.6 per cent at 2,007.60 points.

 

WINNERS

Here are the best performing ASX small cap stocks at 12pm Friday March 20:

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Code Name Price % Chg Market Cap Volume
VOR Vortiv 0.005 66.67% $7.0M 2.60M
TON Triton Minerals 0.025 56.25% $28.4M 2.17M
LOV Lovisa Holdings Ltd 3.83 56.33% $300.8M 1.07M
LRS Latin Resources Ltd 0.003 50.00% $1.1M 625.00K
BUY Bounty Oil and Gas NL 0.007 40.00% $6.7M 813.33K
TLG Talga Resources Ltd 0.28 36.59% $69.4M 257.50K
BLU Blue Energy 0.02 33.33% $26.5M 597.00K
EMH European Metals Holdings 0.17 30.77% $14M 32.22K
BTH Bigtincan Holdings 0.345 30.19% $106.6M 2.17M
RKN Reckon 0.59 29.67% $66.8M 11.64K
NMT Neometals 0.175 29.63% $95.3M 1.00M
SCU Stemcell United Ltd 0.009 28.57% $5.8M 566.19K
MMM Marley Spoon 0.43 28.36% $57.4M 1.18M
AMG Ausmex Mining 0.037 27.59% $19.6M 364.54K
LCT Living Cell Technologies 0.014 27.27% $8.0M 120.00K
FOD Food Revolution Group 0.082 26.15% $60.2M 3.82M
SLX Silex Systems 0.25 25.00% $34.6M 1.63K
GSW GetSwift 0.31 24.00% $58.4M 340.31K
OPT Opthea 1.55 24.00% $417.2M 292.09K
VGL Vista 1.54 23.60% $208.1M 6.47K

Bigtincan Holdings (ASX:BTH)

The software company benefited from the fact that in the current climate, no news is good news.

Like many companies over the past week, Bigtincan released a trading update to advise investors how its operations were being impacted by COVID-19.

The company said it hadn’t seen any change in demand for its core products, and reaffirmed its pre-corona guidance of annual organic revenue growth of between 30 to 40 per cent.

Merely by not downgrading its forecast, shares in Bigtincan shot up by more than 30 per cent in morning trade.

Here’s a list of other companies that are holding strong to their forecasts amid the crisis.

 

LOSERS

Here are the worst performing ASX small cap stocks at 12pm Friday March 20:

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Code Name Price % Chg Market Cap Volume
MPW MSL Solutions 0.02 -50.00% $5.8M 193.33K
BMG BMG Resources Ltd 0.001 -50.00% $585K 7.50K
JXT Jaxsta 0.031 -38.00% $7.7M 66.00K
CV1 CV Check Ltd 0.046 -34.29% $13.4M 150.00K
OEX Oilex 0.002 -33.33% $6.9M 2.00M
OLH Oldfields Holdings Ltd 0.07 -29.29% $8.2M 26.00K
MNW Mint Payments 0.005 -28.57% $4.6M 215.62K
OVT Ovato 0.01 -28.57% $7.3M 368.86K
BCT Bluechiip Ltd 0.055 -25.68% $32.6M 425.00K
AO1 Assetowl 0.003 -25.00% $903.7K 100.00K
GEV Global Energy Ventures 0.055 -21.43% $21.2M 1.67M
OAR Oakdale Resources Ltd 0.002 -20.00% $1.1M 6.31M
MOZ Mosaic Brands 0.36 -20.00% $34.9M 8.95K
STM Sunstone Metals 0.004 -20.00% $5.5M 200.00K
TOE Toro Energy 0.004 -20.00% $10.4M 788.50K
LVH LiveHire 0.098 -18.33% $29.6M 56.50K
CCZ Castillo Copper Ltd 0.009 -18.18% $7.4M 8.50K
BOA Boadicea Resources Ltd 0.18 -18.18% $10.0M 20.00K
PNC Pioneer Credit Ltd 0.6 -17.81% $35.2M 18.46K
INP Incentiapay 0.014 -17.65% $9.2M 30.00K
DNA Donaco Int 0.028 -17.65% $23.1M 43.67K