ASX 200 ends 0.8pc down
All sectors did badly. Comms Services the least worst
Small caps led by CSX
The Australian sharemarket fell on Friday, with all sectors lower.
The S&P/ASX 200 Index was down 64 points, or 0.81%, to 7979.1.
The worst performer on the benchmark was Lifestyle Communities (ASX:LIC) after it withdrew forward guidance for CY25.
Via Google
Australian shares were well back below 8000 points by breakfast, and were dragged lower into lunch by blue chip banks and miners and tech stocks.
Overnight in the States, former US president Donald Trump delighted the Republican National Convention in Milwaukee with promises of massive tariffs on anything related to China sending the Nasdaq into a tail-spin.
US stocks were down across the board. The Dow Jones was robbed of a seventh-day winning advent, shorn of 500 points.
The S&P 500 and Nasdaq Composite fell 0.78% and 0.70%, respectively.
At home the un-magnificent materials sector was dragged further into infamy with the goldies and iron ore majors abysmal.
Evolution Mining (ASX:EVN), 3.6% shorter, and Newmont Corporation (ASX:NEM) were among the biggest large-cap decliners.
In terms of market cap look no further than another shocker for fans of big iron ore producers.
BHP (ASX:BHP), Rio Tinto (ASX:RIO) and Fortescue (ASX:FMG) were down by almost 2% a piece at lunch.
Next were the big banks which spent Friday giving up Monday to Thursday, which had been part-way decent.
Still copping a beating was IT, not great considering the 3.4% thwacking on Thursday.
But, late in the day we see green, thanks to some slight gains by Telstra (ASX:TLS) and Mercury NZ (ASX:MCY).
Other major name winners late on Friday included Domino’s Pizza Enterprises (ASX:DMP), which fell sharply on store closures and weaker forecasts on Thursday only to rebound on the back of a broker upgrade from Goldman Sachs to Buy from Neutral.
Here’s the ASX Sectors at the close on Friday
Via MarketIndex
The Australian dollar also fell further off recent 6-month highs to around $0.67.
The AUD is at its worst place in over two weeks after the greenback rebounded on strong US economic data.
The Aussie D followed overnight falls in key commodities, including copper.
Not the ASX
Futures tied to the Dow Jones Industrial Average inched up 28 points, or less than 0.1%. S&P 500 futures ticked up 0.1%, while Nasdaq 100 futures added 0.2%.
Via Fox
ASX SMALL CAP LEADERS
Here are the best-performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
Code Name Price % Change Volume Market Cap CSX Cleanspace Holdings 0.590 93% 282,465 $23,594,721 AUK Aumake Limited 0.005 67% 17,687,381 $5,743,220 SIS Simble Solutions 0.005 67% 1,661,399 $2,260,352 MMM Marley Spoon Se 0.030 67% 230,195 $2,119,039 APC Aust Potash Ltd 0.002 50% 250,000 $4,020,189 MCT Metalicity Limited 0.003 50% 114,593 $8,971,705 MTL Mantle Minerals Ltd 0.003 50% 1,088,652 $12,394,892 NES Nelson Resources. 0.003 50% 453,913 $1,227,189 MSG Mcs Services Limited 0.004 33% 649,680 $594,299 QXR Qx Resources Limited 0.008 33% 2,175,772 $6,660,467 FG1 Flynngold 0.034 31% 42,028,282 $6,618,162 ALM Alma Metals Ltd 0.009 29% 3,766,258 $10,100,152 AVE Avecho Biotech Ltd 0.003 0% 108,298 $7,923,243 OVT Ovanti Limited 0.005 25% 34,292,456 $4,960,422 SGC Sacgasco Ltd 0.005 25% 2,058,921 $3,586,561 OLH Oldfields Holdings 0.069 23% 15,000 $11,186,333 HXG Hexagon Energy 0.016 23% 280,166 $6,667,907 BCT Bluechiip Limited 0.006 20% 1,090,008 $5,910,198 MOH Moho Resources 0.006 20% 108,843 $2,695,891 MQR Marquee Resource Ltd 0.012 20% 1,076,463 $4,133,844 CC9 Chariot Corporation 0.155 19% 116,289 $11,651,622 E25 Element 25 Ltd 0.250 19% 36,460 $46,181,604 KLI Killiresources 0.160 19% 6,150,290 $16,230,205 REZ Resourc & En Grp Ltd 0.020 14% 4,828,151 $11,316,185 FXG Felix Gold Limited 0.047 18% 266,000 $10,017,159
Cleanspace (ASX:CSX) is killing it after a cracking FY24 sales update and is now in trouble with the ASX highway patrol.
Here’s what you’ve missed on Friday:
The stock is up almost 95%.
There was a good AGM on Friday for food service Marley Spoon (ASX:MMM). I see the stock climbing. It needs to.
The bigger AGM is in Berlin on the 19th.
Also winning into the weekend is Flynn Gold (ASX:FG1).
The driller was an early leader on Friday morning after delivering news of a new high-grade gold discovery in Northeastern Tasmania, at the company’s Golden Ridge project. Exploration has revealed a gold vein zone in trenching 250m north of the Trafalgar mine, with 17 out of 36 grab rock chip samples assayed at over 10g/t Au, including 99.4g/t Au, 76.6g/t Au and 67.1g/t Au.
Back for more gains was Metalicity (ASX:MCT), up on news that it’s appointed Argonaut PCF to seek indicative offers for its Admiral Bay Zinc Project, located in the Canning Basin, Kimberley Region of Western Australia, which the company says “hosts one of the largest zinc resources in the world, based on existing JORC 2012 compliant mineral resource (170mt @ 7.5% Zn eq)”.
Mayfield Group Holdings (ASX:MYG) climbed quickly at the opening bell on news of some boardroom largesse for shareholders. The company has declared a fully franked final dividend of $0.02 per share for the fiscal year ending on 30 June 2024, which is double the divvy the company paid out this time last year.
And Riversgold (ASX:RGL) dropped an investor presentation this morning that has done something fitting the company name, the price moving more than 7.6%, which isn’t terrible considering the rest of the market’s mood today.
ASX SMALL CAP LAGGARDS
Here are the least performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
Code Name Price % Change Volume Market Cap NTM Nt Minerals Limited 0.007 -42% 4,115,026 $12,208,835 88E 88 Energy Ltd 0.002 -33% 2,378,294 $86,678,016 ACP Audalia Res Ltd 0.014 -26% 279,673 $13,150,588 PKO Peako Limited 0.004 -26% 750,688 $2,846,152 AAU Antilles Gold Ltd 0.003 -25% 5,616,830 $5,845,711 ECT Env Clean Tech Ltd. 0.003 -25% 75,440 $12,687,242 ATH Alterity Therap Ltd 0.005 -25% 23,222,766 $31,470,692 LRL Labyrinth Resources 0.011 -21% 14,338,268 $16,625,612 MRQ Mrg Metals Limited 0.004 -20% 3,540,000 $13,557,593 ROG Red Sky Energy. 0.004 -20% 1,041,008 $27,111,136 SIH Sihayo Gold Limited 0.002 -20% 48,000 $30,510,640 C29 C29Metalslimited 0.093 -19% 356,905 $16,063,337 FME Future Metals NL 0.022 -19% 446,293 $15,526,093 FFF Forbidden Foods 0.009 -18% 160,695 $2,499,458 AIV Activex Limited 0.005 -17% 250,235 $1,293,015 BNL Blue Star Helium Ltd 0.005 -17% 923,525 $11,669,312 CCZ Castillo Copper Ltd 0.005 -17% 1,734,297 $7,797,032 EVR Ev Resources Ltd 0.005 -17% 385,333 $8,227,629 MCL Mighty Craft Ltd 0.005 -17% 1,430,585 $2,213,456 ME1 Melodiol Glb Health 0.003 -17% 5,794,344 $918,791 TYX Tyranna Res Ltd 0.005 -17% 651,636 $19,727,552 AGH Althea Group 0.021 -16% 4,377,888 $10,133,311 OZM Ozaurum Resources 0.054 -16% 347,199 $10,160,000 QGL Quantum Graphite 0.630 -15% 181,267 $252,772,285
ICYMI – PM Edition
Equinox Resources (ASX:EQN) has strengthened its exploration team with the appointment of veteran geologist Sergio Luiz Martins Pereira as its chief geoscientist and Leonardo Fraga as its senior geologist. Pereira will lead the company’s strategic exploration initiatives.
GreenTech Metals (ASX:GRE) has completed Stage 1 of its planned 2200m reverse circulation drill program that was designed to uncover new resources at its Whundo copper-zinc project in WA’s West Pilbara region.
At Stockhead, we tell it like it is. While Equinox Resources and GreenTech Metals are Stockhead advertisers, they did not sponsor this article.
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