Welcome to a quiet Friday at lunch on the ASX.<\/p>\n
Just as Guns\u2019n Roses fromtman Axel Rose suggested\u2026<\/strong><\/p>\n \u2026At lunchtime in Sydney on Friday Nov. 24, the S&P\/ASX 200 index was ahead by 24 points or\u00a0 +0.34% to 7053.<\/strong><\/em><\/p>\n Via Google<\/p>\n Before we go on, let\u2019s give you a quick recap over the last weird few days\u2026<\/p>\n Firstly, markets everywhere have been anaemic because these last few sessions as the Americans began thinking about the Thanksgiving holiday they\u2019re on and that other rip-roaring equity market in Tokyo was thinner than a whisper this week while they take a break as well.<\/p>\n The Americans will be back for a wasteful morning session our time tonight, while in Japan \u2013 having celebrated Labour Thanksgiving Day on Thursday \u2013 they\u2019re already back at it, though the TPOIX and Nikkei are both circa -0.8% on Friday morning.<\/p>\n If you really want to know, American Thanksgiving and Japanese Thanksgiving are totally unrelated, though both holidays are all about giving thanks.<\/p>\n In Japan the thanks is actually real \u2013 you go thank all the hardworking people around you.<\/p>\n Japanese kids take off to places like police stations, hospitals, and fire stations, handing out thank you cards, hand-drawn thingys, or small gifts to show appreciation for their services.<\/p>\n In America, they eat turkey, watch football and throw parties, thanking god for turkey, football and parties.<\/p>\n Local markets are making up ground on Friday, after strung out traders on the ASX got crunched on Thursday, thanks to a hawkish tilt from the RBA boss and around the region equities were mixed.<\/p>\n Low volumes abound as the Utilities and Energy Sector are leading the way \u2013 up 1.7% and 1.3% respectively.<\/p>\n Healthcare gains have been less pronounced \u2013 mainly because it\u2019s not always good for the sector when Novo Nordisk makes big gains as they did overnight \u2013 announcing a $US2.3 billion ($3.5 billion) investment to boost production of its insanely successful weight-loss and diabetes drugs. Via MarketIndex<\/p>\n Heaps of company news driving markets today:<\/p>\n Healius (ASX:HLS)<\/strong><\/a> is trouncing it on Friday.<\/p>\n Virgin Money UK (ASX:VUK)<\/strong><\/a> is not \u2013 it\u2019s down more than 6%.<\/p>\n Large cap coal digger Whitehaven (ASX:WHC)<\/strong><\/a> is ahead by circa +2% after getting the nod for its prospective Winchester South metallurgical coal project\u00a0 from the Queensland regulators.<\/p>\n Origin Energy (ASX:ORG)<\/strong><\/a> is up 2.5% and leading the utility sector rebound.<\/p>\n The takeover target is attracting even more attention now its major shareholder AustralianSuper blasted\u00a0 takeover ringleader Brookfield to \u201cbuy more time\u201d on its low ball ($18.7bn) bid.<\/p>\n EV Resources (ASX:EVR)<\/a><\/strong>\u00a0presented at the \u2018Hidden Gems\u2019 webinar, explaining why copper deficits are looming, and why the lack of new projects is pushing market into a supply deficit. The company also explained why Peru is a Tier 1 copper jurisdiction, and that EVR\u2019s projects in the country (Don Enrique and Parag) will have drill results in the coming months.<\/p>\n Booktopia Group (ASX:BKG)<\/strong><\/a> is having its AGM and chairman Peter George says it is Q@ crunchtime for the online retailer which has faced numerous challenges so far in CY23.<\/p>\n George told shareholders the second quarter is traditionally Booktopia\u2019s big sales blast \u2013\u00a0 they have Cyber Weekend kicking off today with Black Friday sales and then straight on till Christmas.<\/p>\n \u201cAs such, while we\u2019re in the midst of this critical time, it is too early for us to form a view on whether this downturn in the first quarter can or cannot be recovered over the course of the year through the various revenue and cost initiatives being undertaken.\u201d<\/p>\n Spirit Technology (ASX:ST1)<\/a> <\/strong>has secured a new agreement with Cisco for its Webex Wholesale offering. The new agreement extends the market growth achieved with the Cisco cloud communication platform. Spirit will also launch a new Dealer Program with Cisco to resell advanced cloud communication solutions for smaller managed service providers.<\/p>\n ST1 says the new Cisco Webex agreement follows a significant collaboration secured in July last year in which Spirit subsidiary Nexgen became the first business in the Asia Pacific, Japan and China (APJC) region to launch Cisco\u2019s Webex Cloud Wholesale offering, a substantial range of services designed specifically for the small-to-medium business market.<\/p>\n The agreement expands Spirit\u2019s product offering and capability to bring new services to market in an accelerated fashion, the company told the ASX.<\/p>\n In addition, it provides an opportunity to rapidly scale up the Nexgen business and lock in its growth.<\/p>\n Look out \u2013 temporarily back in the money was Star Entertainment Group (ASX:SGR)<\/strong><\/a> \u2013 but stand down because the stock is trading back in the red at the time of writiong.<\/p>\n This morning, the troubled casino operator\u2019s boss, chief executive Robbie Cook revealed Star had won a slight reprieve ahead of its peak trading period with the looming licence suspensions on its The Star Gold Coast and Treasury Brisbane casinos pushed from December 1 this year to May 31 next year, with the Queensland government green lighting the remediation plan.<\/p>\n The deal simply buys Star more time to sort the dramas which led to its public downfall and a $100m fine last December.<\/p>\n And local goldie Kingsgate (ASX:KCN)<\/a><\/strong>says that its wholly owned subsidiary, Akara, has found more significant gold intercepts in an area approximately 20km south of the Chatree Gold Mine in Thailand.<\/p>\n RC drilling returned intercepts, including:<\/p>\n \u2022 7723RC: 9m@2.81g\/t Au from 61m to 70m<\/em> \u00a0<\/p>\n Here are the best performing ASX small cap stocks for 24 November [intraday]:<\/strong><\/p>\n Swipe or scroll to reveal full table. Click headings to sort:<\/em><\/strong><\/p>\n <\/em><\/strong><\/p>\n WordPress Tables Plugin<\/a><\/p>\n \u00a0<\/p>\n Huge excitement for Riversgold (ASX:RGL)<\/strong><\/a> investors \u2013 the stock is racing into top spot on Friday\u2019s small cap\u00a0 greatest hits list after snapping up a key 74 sq km tenement application directly along strike \u2013 just 8km northeast of the major Andover lithium (spodumene) pegmatite discovery of Azure Minerals (ASX:AZS)<\/strong><\/a>.<\/p>\n That\u2019s the spot in the lithium-famous Andover Corridor where AZS struck spodumene glory with drilling intersections of up to 209.4m at 1.42% Li2O.<\/p>\n The company reports that their new tenement lies within the structural corridor of the Andover discovery which extends northeast under shallow cover.<\/p>\n Aurumin (ASX:AUN)<\/strong><\/a>\u00a0says it has executed a deal with Polaris Metals, a subsidiary of\u00a0Mineral Resources (ASX:MIN)<\/strong><\/a>, for the sale of the iron ore rights on four of its Mt Dimer exploration tenements in WA.<\/p>\n The Mt Dimer exploration tenements are proximal to MinRes\u2019 Carina iron ore mine.<\/p>\n Key terms of the sale include $250k payable to AUN on satisfaction of the conditions\u00a0 precedent, plus progress payments of ~$1.25 million and $1\/t royalty on iron ore exported.<\/p>\n \u00a0<\/p>\n Here are the most-worst performing ASX small cap stocks for 24 November [intraday]:<\/strong><\/p>\n Swipe or scroll to reveal full table. Click headings to sort:<\/em><\/strong><\/p>\n <\/em><\/strong><\/p>\n WordPress Tables Plugin<\/a><\/p>\n <\/span><\/p>\n The post Small Cap Lunch Wrap: The ASX\u2026 it\u2019s as green and empty as a jungle in there<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"
\n\u00a0<\/p>\nASX SECTORS ON FRIDAY<\/h2>\n
\n\u2022 7725RC: 18m@2.13g\/t Au from 180m to 198m, 4m@1.31g\/t Au from 212m to 216m and 8m@3.18g\/t Au from 228m to 236m<\/em>
\n\u2022 7727RC: 3m@2.88g\/t Au from 206m to 209m<\/em>
\n\u2022 7728RC: 2m@1.42g\/t Au from 77m to 79m 20m@3.87g\/t Au from 112m to 132m including 4m@17.89g\/t Au from 126m to 130m<\/em><\/p>\nASX SMALL CAP WINNERS<\/strong><\/h2>\n
ASX SMALL CAP LOSERS<\/strong><\/h2>\n