Top 10 at 11: Info tech leads ASX higher on broad strength

The ASX has risen 0.19pc in the first hour of trade, boosted by broad market gains and info tech’s 1.11pc bounce.

The ASX has reignited its love for technology stocks this morning. Pic: Getty Images

Morning, and welcome to Stockhead’s Top 10 (at 11… ish), highlighting the movers and shakers on the ASX in early-doors trading.

With the market opening at 10am sharp eastern time, the data is taken at 10.15am, once trading kicks off in earnest.

In brief, this is what the market has been up to this morning.

ASX sectors in the green

The ASX 200 has climbed 0.19% in the first half hour of trade, with 10 of 11 sectors making gains this morning.

The script has flipped from yesterday; big gains in materials on Thursday have turned to profit taking today, driving the sector down more than 1%.

That’s being handily outweighed by gains in every other sector. Info tech has taken a place at the front of the pack, adding 1.11%.

It comes as no surprise, then, that it’s software companies headlining our small cap winners this morning.

WINNERS

Code	Name	Last	% Change	Volume	Market Cap
GMN	Gold Mountain Ltd	0.002	100%	1.05E+08	$5,619,759
CAV	Carnavale Resources	0.004	33%	125000	$12,270,655
SFG	Seafarms Group Ltd	0.002	33%	454509	$7,254,899
MSG	Mcs Services Limited	0.005	25%	250001	$792,399
ENL	Enlitic Inc.	0.036	20%	277327	$24,768,486
1AD	Adalta Limited	0.003	20%	167833	$2,678,291
GLL	Galilee Energy Ltd	0.006	20%	3286	$3,535,964
MKL	Mighty Kingdom Ltd	0.024	20%	2490974	$14,668,746
SIS	Simble Solutions	0.006	20%	1502631	$5,411,652
MGU	Magnum Mining & Exp	0.007	17%	1000000	$13,908,223

In the news...

AI-enabled healthcare software provider Enlitic (ASX:ENL) is eyeing up to A$46m in potential payments after meeting MoU requirements for a cloud product rollout agreement with GE HealthCare.

The two companies are collaborating on the Gensis cloud product suite, with ENL subsidiary Laitek to deliver migration services to the tune of US$3-6 million per year for the next five years.

Following on from a $500k placement, Simble Solutions (ASX:SIS) has purchased 383.95 Bittensor tokens or TAO at an average price of $520.89 each for a total holding of about $200,000.

Simble selected TAO due to its “decentralised AI focus” and management’s confidence in the utility of the TAO blockchain, which SIS intends to incorporate into its existing products. SIS is also staking its TAO holding through BitGo, anticipating yields of between 8% and 12% per year.

LAGGARDS

Code	Name	Last	% Change	Volume	Market Cap
EEL	Enrg Elements Ltd	0.001	-50%	216955	$6,507,557
AXP	AXP Energy Ltd	0.001	-33%	109654	$10,027,021
PRX	Prodigy Gold NL	0.002	-33%	740000	$9,525,167
NHE	Nobleheliumlimited	0.028	-20%	601271	$20,983,375
LKO	Lakes Blue Energy	0.8	-20%	34865	$58,770,705
DDT	DataDot Technology	0.004	-20%	350000	$6,054,764
AUZ	Australian Mines Ltd	0.009	-18%	1443200	$15,383,633
AKN	Auking Mining Ltd	0.006	-14%	111904	$4,023,451
EMT	Emetals Limited	0.003	-14%	213214	$2,975,000
AR9	Archtis Limited	0.23	-13%	755781	$76,653,102

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

Originally published as Top 10 at 11: Info tech leads ASX higher on broad strength