Local stocks ummed and ahhed, before finishing higher on Friday in a relatively cruisy session following some more fireworks on Wall Street overnight.<\/p>\n
Social media giant Meta got crushed after flagging its first ever decline in user growth, before Amazon came to the party with a big after-hours rally after upping the cost of its Prime subscription.<\/p>\n
Also upping things was the RBA, which upped its forecast for trimmed-mean inflation to 2.75% for year-end 2022, with a June peak of 3.25%.<\/p>\n
The bank\u2019s closely watched Statement on Monetary Policy also included further declines in unemployment, but more modest gains for wage growth.<\/p>\n
The ASX opened higher then fell into the red, before getting back on the horse in afternoon trade.<\/p>\n
Microcaps outpaced the big end of town as the Emerging Companies index rose by ~0.5%.<\/p>\n
(Stocks highlighted in yellow rose after making announcements during the trading day).<\/strong><\/p>\n Scroll or swipe to reveal table. Click headings to sort.<\/em><\/p>\n Code Company Price % Volume NPM Newpeak Metals 0.0015 50.0% 250,000 CNB Carnaby Resource Ltd 2.03 49.3% 12,484,576 AUQ Alara Resources Ltd 0.088 49.2% 10,596,421 MSI Multistack Internat. 0.058 48.7% 452,759 DCX Discovex Res Ltd 0.014 40.0% 97,628,064 BAS Bass Oil Ltd 0.002 33.3% 985,545 VMG VDM Group Limited 0.002 33.3% 253,504 CPM Coopermetalslimited 0.465 27.4% 1,645,900 FNT Frontier Resources 0.031 24.0% 75,692,585 BRX Belararoxlimited 0.31 24.0% 1,128,999 SIS Simble Solutions 0.022 22.2% 2,995,285 MOB Mobilicom Ltd 0.05 22.0% 180,000 IVZ Invictus Energy Ltd 0.14 21.7% 5,222,915 CDT Castle Minerals 0.064 20.8% 38,869,582 OMX Orange Minerals 0.18 20.0% 132,106 LCT Living Cell Tech. 0.006 20.0% 9,116 VPR Volt Power Group 0.003 20.0% 84,222,153 PCL Pancontinental Energ 0.0035 16.7% 43,864,981 RNX Renegade Exploration 0.007 16.7% 1,103,723 T3D 333D Limited 0.0035 16.7% 103,971 VKA Viking Mines Ltd 0.014 16.7% 1,735,358 CAE Cannindah Resources 0.325 16.1% 2,320,091 WRK Wrkr Ltd 0.022 15.8% 2,497,038 ICG Inca Minerals Ltd 0.105 15.4% 905,120 THR Thor Mining PLC 0.015 15.4% 52,680,465 <\/p>\n WordPress Table Plugin<\/a><\/p>\n It was all systems go for Carnaby Resources (ASX:CNB)<\/a>, which along with its joint venture partner Discovex Resources (ASX:DCX)<\/a> said it\u2019s confirmed a serious copper hit at the \u2018Nil Desperandum\u2019 prospect, part of the \u2018Greater Duchess\u2019 copper-gold project in Queensland.<\/p>\n The pair\u2019s latest drill program pulled up additional copper mineralisation with a similar \u2018true width\u2019 to another drill program in December. Here\u2019s why that\u2019s important<\/a>.<\/p>\n Among stocks with news, both companies easily led the market on Thursday with gains of +40%.<\/p>\n Mobile communications equipment company Mobilicom (ASX:MOB)<\/a> jumped by around 20% on no news, while $75m rare earths player Frontier Resources (ASX:FNT)<\/a> rose strongly after announcing the appointment of mining industry veteran David Frances as non-executive chairman.<\/p>\n (Stocks highlighted in yellow fell after making announcements during the trading day).<\/strong><\/p>\n Scroll or swipe to reveal table. Click headings to sort.<\/em><\/p>\n Code Company Price % Volume WOO Wooboard Tech Ltd 0.0015 -25% 593,425 SRN Surefire Rescs NL 0.012 -20% 16,937,189 CCE Carnegie Cln Energy 0.002 -20% 1,000,000 AIQ Alternative Invest 0.095 -17% 8,000 KLR Kaili Resources Ltd 0.025 -17% 85,806 NCL Netccentric Ltd 0.1 -17% 84,031 BIR BIR Financial Ltd 0.029 -15% 641,730 SHH Shree Minerals Ltd 0.018 -14% 44,383,781 ARE Argonaut Resources 0.003 -14% 1,330,000 AYM Australia United Min 0.006 -14% 1,446,980 CT1 Constellation Tech 0.006 -14% 13,740 HFY Hubify Ltd 0.056 -14% 280,000 HCD Hydrocarbon Dynamic 0.013 -13% 1,008,540 ICN Icon Energy Limited 0.013 -13% 251,145 AO1 Assetowl Limited 0.0035 -13% 879,589 AXP AXP Energy Ltd 0.007 -13% 23,938,834 ROG Red Sky Energy. 0.007 -13% 4,298,431 TSC Twenty Seven Co. Ltd 0.0035 -13% 36,048,212 ASQ Australian Silica 0.12 -11% 456,084 JXT Jaxstaltd 0.04 -11% 653,398 FFT Future First Tech 0.032 -11% 4,890 MXO Motio Ltd 0.075 -11% 8,777 BMR Ballymore Resources 0.17 -11% 118,670 IEC Intra Energy Corp 0.017 -11% 204,216 FTZ Fertoz Ltd 0.22 -10% 319,018 <\/p>\n WordPress Table Plugin<\/a><\/p>\n Mining heavy equipment rental company\u00a0Emeco Holdings (ASX:EHL)has formally appointed Thao Pham as chief financial officer, after acting in the role since September 2021.<\/a><\/p>\n Chairman Peter Richards said Thao had been instrumental in Emeco\u2019s debt restructuring in FY21 and would continue to provide strong financial leadership to the company.<\/p>\n New Zealand Oil & Gas subsidiary\u00a0Cue Energy Resources (ASX:CUE)<\/a>\u00a0has announced that its oil production well in Mahato PSC, Indonesia has been successfully drilled.<\/p>\n The well is producing an average of ~600 barrels or oil per day. Cue has a 12.5% interest in the Mahato PSC. New Zealand Oil & Gas has a 50.4% interest in Cue.<\/p>\n And\u00a0BBX Minerals (ASX:BBX)<\/a>\u00a0has announced its in the final stages of assaying its first completed RC drill hole in its 2017 program at Tr\u00eas Estados in Brazil using an alternative nickel extraction method.<\/p>\n Although BBX has been working on the method for more than a year and achieved consistent results, the assay process was temporarily put on hold due to challenges in achieving the required furnace temperatures of 1450\u00b0 to 1500\u00b0.<\/p>\n However, the issue has been resolved through a furnace upgrade that is continuously able to achieve temperatures of 1600\u00b0.<\/p>\n The following stocks went into halts on Friday and are expected out in the coming days.<\/em><\/p>\n Balkan Mining & Minerals (ASX:BMM)<\/strong> \u2014 acquisition The post Closing Bell: ASX shakes off jitters to close higher after Meta meltdown<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"TODAY\u2019S BIGGEST SMALL CAP LOSERS<\/h2>\n
ANNOUNCEMENTS YOU MAY HAVE MISSED<\/h2>\n
TRADING HALTS<\/h2>\n
\nNimy Resources (ASX:NIM)<\/strong> \u2014 exploration update (Mons nickel project)
\nPlaySide Studios (ASX:PLY)<\/strong> \u2014 Beans Web 3.0 NFT launch<\/p>\n