ASX Small Cap Lunch: Who’s Staying Dry in a Downpour At the moment?

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Native shares adopted a slight advance by america on Friday evening, with no main catalysts in morning buying and selling.

NSW continues to be being drenched, after the rain gauge hit the uncommon “ home floating on the river ” setting on Saturday:

Greater than 18,000 individuals have been evacuated from their houses on the mid-north coast as flood threats stay excessive.

Massive-cap insurers got here below a little bit of stress as traders assessed the fallout from yet one more wave of untamed Australian climate.

However beneficial properties at most main banks are serving to push the ASX200 index up, whereas the Rising Firms microcap index traded flat in noon buying and selling.

In international markets, the large story was in currencies after the Turkish lira crashed following additional turmoil at Turkey’s central financial institution.

Turkish chief Recep Tayyip Erdogan has sacked central financial institution chief Naci Agbal, who had presided over sharp rate of interest hikes to prop up the forex and tame inflation.

WINNERS

Listed here are the highest performing ASX small cap shares at 12 p.m. on Monday, March 22:

Swipe or scroll to view the complete desk. Click on on the headers to type.

Shares highlighted in yellow made bulletins which can be shifting the market

Oil and fuel explorer Minnow Crimson Sky Power (ROG: ASX) led the pack in proportion phrases, after the corporate’s shares rose to 0.35c.

ROG has introduced optimistic outcomes from a petrophysical evaluation at Killanoola SE-1 – its potential oil web site in South Australia.

Director Andrew Knox mentioned it was an “encouraging” end result as the corporate neared its finish aim of restarting manufacturing on the web site.

Crown Resorts (ASX: CWN) made headlines after receiving a non-binding provide to purchase from non-public fairness large Blackstone at a value of $ 11.85 per share.

Medtech Oneview Healthcare (ASX: ONE) has known as a unprecedented normal assembly scheduled for April 15, throughout which shareholders will vote on the phrases of an funding venture within the firm by the analysis group StocksDigital.

ONE inventory has had a scorching rally for the reason that deal was introduced, and the inventory surged once more this morning to climb above 40c – up from February buying and selling ranges of round 7c .

LOSERS

Listed here are the worst performing ASX small cap shares at 12 p.m. on Monday, March 22:

Swipe or scroll to view the complete desk. Click on on the headers to type.


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