{"id":1017,"date":"2023-11-06T02:20:26","date_gmt":"2023-11-06T02:20:26","guid":{"rendered":"https:\/\/economicherald.net\/?p=1017"},"modified":"2023-11-06T02:20:26","modified_gmt":"2023-11-06T02:20:26","slug":"asx-small-cap-lunch-wrap-asx-makes-it-five-wins-in-a-row-hoists-lunch-flag-back-above-7000-points","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=1017","title":{"rendered":"ASX Small Cap Lunch Wrap: ASX makes it five wins in a row, hoists lunch flag back above 7,000 points"},"content":{"rendered":"

The local market has made an early move on Monday, trading back above the 7,000 points mark for the first time since September.<\/p>\n

Local markets have risen for a fifth straight morning.<\/p>\n

At home the gains come in the face of Tuesday\u2019s Big Note policy decision from the Reserve Bank of Australia.<\/p>\n

The smart money is on Martin Place raising interest rates again amid stickier-than-expected-inflation-and-stronger-than-expected economic data.<\/p>\n

Aussie markets are also tracking US gains, as a weak US jobs report reinforced bets the Federal Reserve is done with rate hikes, giving a boost to equities.<\/p>\n

At lunchtime on Monday, the S&P\/ASX 200 Index is ahead by 23 points, or +0.33%, to 7,001 on Monday.
\n<\/strong><\/em><\/p>\n\n

Wall Street gave us another reason to get out of bed early today after a strong Friday session amid strong jobs data and a sense that US rates have peaked.<\/p>\n

The benchmark US 10-year Treasury yield has moved well off its 5% highs to a near one-month low of circa 4.65%.<\/p>\n

Gold stocks have done well in early trade.<\/p>\n

The Healthcare Sector has continued to attract buyers \u2013 the majors like Resmed (+3.4%) and CSL (+1.5%) finding support in a lesw hawkish rates environment.<\/p>\n

Regis Healthcare (ASX:REG)<\/strong><\/a> is up more than +5%.<\/p>\n

Across the market, discretionary and IT stocks are also enjoying some sunshine, while the Financials Sector is being lifted by a surging Westpac (+3.6%) in the wake of its stupendous profit haul and $1.5bn share buyback.<\/p>\n

Investors are starting to look forward to the earnings reports of the other majors banks.<\/p>\n

\u00a0<\/p>\n

ASX SECTORS AT MIDDAY ON MONDAY<\/h2>\n

\u00a0<\/p>\n

Via MarketIndex
\n\u00a0<\/p>\n

NOT THE ASX<\/h2>\n

In the US on Friday there were strong gains across all the major indices, a pretty breathless turnaround from the last few months of maudlin trade \u2013 a run which began the very moment US Chair J Powell hinted that the Federal Reserve may\u2019ve fired its last shot in its historic and bloody battle vs inflation at 5am on Wednesday by the Sydenham clock.<\/p>\n

To the intense relief of equity traders, 10-year US Treasury yields have jumped back almost 30 basis points from mid-week highs \u2013 back down to around 4.65% \u2013 and are close to their biggest weekly drop since March.<\/p>\n

On Wall Street, the markets\u2019 Gauge of Fear\u00a0 \u2013 the VIX \u2013\u00a0 made a five-day long plunge of the kind not seen in almost 24 months. The unbreakable US dollar retreated the most since July and even the price of oil tumbled to $US81.<\/p>\n

All encouraging signals of a still strong market backed by a still strong economy and enough to make everyone outside of the Middle East and Ukraine forget about the world\u2019s litany of challenges<\/p>\n

Wall Street extended the week\u2019s advance on Friday night, with the S&P500 closing up +0.9%, notching its best week in 2023, again illustrating how bond yields drive stocks.<\/p>\n

US earnings beats are at the best they\u2019ve been in more than two years.<\/p>\n

\u00a0<\/p>\n

US FUTURES circa 9.30pm, SUNDAY in NEW YORK<\/h2>\n\n

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ASX SMALL CAP WINNERS<\/h2>\n

Here are the best performing ASX small cap stocks for 1 November [intraday]:<\/strong><\/em><\/p>\n

Swipe or scroll to reveal full table. Click headings to sort:<\/strong><\/em><\/p>\n

<\/strong><\/em><\/p>\n

<\/div>\n
Code Company Price % Volume Market Cap NRZR Neurizer Ltd 0.005 400% 606,475 $127,674 WSP Whispir Limited 0.4825 61% 2,024,104 $39,291,768 TWER Treasury Wine Estate 0.68 37% 15,447 $37,811,095 BUX Buxton Resources Ltd 0.265 29% 5,877,560 $35,112,106 TG6 Tgmetalslimited 0.635 28% 6,625,956 $19,949,263 CHK Cohiba Min Ltd 0.0025 25% 383,999 $4,426,488 NSM Northstaw 0.06 22% 250,736 $5,886,223 8IH 8I Holdings Ltd 0.011 22% 29,322 $3,216,204 CTO Citigold Corp Ltd 0.006 20% 2,192,964 $14,368,295 ESR Estrella Res Ltd 0.006 20% 24,968,909 $8,795,359 W2V Way2Vatltd 0.013 18% 111,295 $6,980,473 AL3 Aml3D 0.081 17% 1,577,019 $16,253,206 ADR Adherium Ltd 0.0035 17% 205,012 $14,998,225 WML Woomera Mining Ltd 0.014 17% 1,798,588 $11,474,335 CLU Cluey Ltd 0.085 16% 30,000 $14,717,790 TFL Tasfoods Ltd 0.03 15% 245,744 $11,364,483 COV Cleo Diagnostics 0.19 15% 534,705 $12,183,188 ZNC Zenith Minerals Ltd 0.115 15% 544,999 $35,238,088 GRE Greentechmetals 0.625 15% 4,042,094 $30,971,744 WC8 Wildcat Resources 0.955 14% 14,457,680 $869,109,337 GCM Green Critical Min 0.008 14% 281,250 $7,956,095 GGE Grand Gulf Energy 0.008 14% 100,000 $14,666,729 NET Netlinkz Limited 0.008 14% 1,770,000 $25,322,699 BML Boab Metals Ltd 0.12 14% 434,697 $18,318,591 IND Industrialminerals 1.21 14% 394,896 $68,242,800 <\/div>\n

WordPress Tables Plugin<\/a><\/p>\n

\u00a0<\/p>\n

Well. It is M&A Monday in Small Cap Land. Whispir (ASX:WSP)<\/strong><\/a> has advised shareholders to take no action in respect of Soprano takeover bid, it announced this morning.<\/p>\n

WSP says it will provide a further announcement once it has evaluated and assessed the terms and conditions of the Soprano offer.<\/p>\n

The stock is surging.<\/p>\n

\u00a0<\/p>\n

ASX SMALL CAP LOSERS<\/h2>\n

Here are the most-worst performing ASX small cap stocks for 1 November [intraday]:<\/strong><\/em><\/p>\n

Swipe or scroll to reveal full table. Click headings to sort:<\/strong><\/em><\/p>\n

<\/strong><\/em><\/p>\n

Code Company Price % Volume Market Cap KNM Kneomedia Limited 0.002 -33% 1 $4,514,356 RBR RBR Group Ltd 0.002 -33% 2 $4,855,214 TMR Tempus Resources Ltd 0.008 -33% 9,211,533 $4,115,074 TGH Terragen 0.019 -32% 1,176,060 $10,334,272 AHN Athena Resources 0.003 -25% 1 $4,281,870 AVE Avecho Biotech Ltd 0.003 -25% 1 $10,793,168 CCE Carnegie Cln Energy 0.0015 -25% 520,310 $31,285,147 DCX Discovex Res Ltd 0.0015 -25% 1 $6,605,136 LNU Linius Tech Limited 0.0015 -25% 1,020,000 $9,044,581 SIH Sihayo Gold Limited 0.0015 -25% 1 $24,408,512 BVR Bellavistaresources 0.095 -24% 12,590 $6,017,305 DCL Domacom Limited 0.027 -21% 426,484 $14,807,060 AD1 AD1 Holdings Limited 0.004 -20% 100,000 $4,112,845 CRB Carbine Resources 0.004 -20% 300,000 $2,758,689 ERL Empire Resources 0.004 -20% 1 $5,564,675 FAU First Au Ltd 0.002 -20% 1 $3,629,983 ROO Roots Sustainable 0.004 -20% 24,360 $766,562 SFG Seafarms Group Ltd 0.004 -20% 396 $24,182,996 YPB YPB Group Ltd 0.002 -20% 1,793 $1,951,154 CUS Coppersearchlimited 0.15 -19% 121,096 $15,245,469 1TT Thrive Tribe Tech 0.016 -16% 40,000 $5,635,809 DY6 Dy6Metalsltd 0.086 -14% 271,444 $3,856,249 REM Remsensetechnologies 0.05 -14% 159,008 $5,701,985 SAU Southern Gold 0.013 -13% 1 $7,294,279 OKR Okapi Resources 0.1175 -13% 370,937 $28,361,612 <\/div>\n

WordPress Tables Plugin<\/a><\/p>\n

<\/span><\/p>\n

The post ASX Small Cap Lunch Wrap: ASX makes it five wins in a row, hoists lunch flag back above 7,000 points<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The local market has made an early move on Monday, trading back above the 7,000 points mark for the first time since September. Local markets [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":1018,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1017","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nASX Small Cap Lunch Wrap: ASX makes it five wins in a row, hoists lunch flag back above 7,000 points - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=1017\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ASX Small Cap Lunch Wrap: ASX makes it five wins in a row, hoists lunch flag back above 7,000 points - Economic Herald\" \/>\n<meta property=\"og:description\" content=\"The local market has made an early move on Monday, trading back above the 7,000 points mark for the first time since September. 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