Top 10 at 11: Spanner thrown in green machine as ASX sectors trend down

Good morning, and welcome to Stockhead’s Top 10 at somewher enear 11-ish, which is meant to highlight the best (and sometimes worst) performing ASX stocks in morning trade using live data, to provide a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms that have made announcements.

The market opens at 10am (eastern time) and the data is taken at 10:15am, once every ASX stock has started trading.

Briefly, here’s what’s been happening already this morning: After 10 straight days of up and to the right, local markets took a nosedive and are currently trying their damndest to push back into green.

The ASX 200 is currently sitting on an intraday 0.27% loss, but it’s early doors still, obviously.

This dip comes after Wall Street took a plunge following some Fedspeak overnight. It wasn’t disastrous, just a slight tempering of rate-cut expectations, indicating a “more measured” approach from the Fed. But we’ll see what Jerome Powell has to say when he speaks at Jackson Hole later on Friday, US time.

Eddy’s Market Highlights has more – read > here.

Currently all ASX sectors are in the red bar Financials, scraping in at +0.14%. Utilities, IT, Energy and Materials are suffering the most at the time of writing, but there are still some notable winners turning heads, as you can see on the first chart below.

WINNERS

Stocks highlighted in yellow have made market-moving announcements (click headings to sort).

Security	Description	Last	%	Volume	MktCap
SI6	SI6 Metals Limited	0.002	100%	598,424	$2,368,859
WEC	White Energy Company	0.048	60%	69,912	$5,969,528
EDE	Eden Inv Ltd	0.0015	50%	636,192	$4,108,209
FNR	Far Northern Res	0.195	34%	20,525	$5,258,545
GMN	Gold Mountain Ltd	0.004	33%	563,126	$11,722,420
MTL	Mantle Minerals Ltd	0.002	33%	100,000	$9,296,169
TMK	TMK Energy Limited	0.004	33%	194,000	$20,764,836
BXN	Bioxyne Ltd	0.009	29%	9,726,165	$14,326,518
JBY	James Bay Minerals	0.14	27%	13,577	$3,678,675
BNL	Blue Star Helium Ltd	0.005	25%	2,647,881	$7,779,541

LAGGARDS

Stocks highlighted in red have made market-moving announcements (click headings to sort).

Code	Company	Price	%	Volume	Market Cap
VPR	Voltgroupltd	0.001	-50%	1,200,494	$21,432,416
MKLDA	Mighty Kingdom Ltd	0.04	-33%	5	$12,863,772
ECT	Env Clean Tech Ltd.	0.002	-33%	25,926	$9,515,431
ME1	Melodiol Glb Health	0.001	-33%	4	$1,387,229
MEL	Metgasco Ltd	0.003	-25%	100,250	$5,790,347
MRQ	Mrg Metals Limited	0.003	-25%	7,045,343	$10,846,075
ICG	Inca Minerals Ltd	0.004	-20%	1,460,137	$4,052,682
MVL	Marvel Gold Limited	0.008	-20%	4,429	$8,637,907
ING	Inghams Group	3.13	-19%	6,164,839	$1,438,400,056
HMY	Harmoney Corp Ltd	0.405	-19%	43,289	$50,982,074