ASX Lunch Wrap: Local market’s good form continues as Brainchip and Droneshield soar

ASX rallies on commodities, Brainchip and Droneshield soar. Meanwhile Aussies might well have spent about $1.3bn on Boxing Day.

The ASX has piled more runs on the board this week. Picture via Getty Images

• ASX rallies on commodity boost

• Brainchip and Droneshield soar post Christmas break

• Aussies might have splashed $1.3b on Boxing Day sales

The ASX is back in action after the Christmas break, making the most of a rise in commodity prices to keep this week’s rally rolling.

At 12:55pm AEDT, the benchmark added 0.55%. Not bad for a post-holiday comeback, with 9 out of 11 sectors in the green.

The rally capped off a strong Monday, when the ASX had its best day in six months, jumping 1.7% after last week’s heavy selling.

Source: Market Index

Source: Market Index

Discretionary stocks led the charge this morning, buoyed by anticipation the retail sector can deliver a strong finish to the year.

According to the Australian Retailers Association (ARA) and Roy Morgan, Aussies might have splashed $1.3 billion on Boxing Day sales, with $3.7 billion expected over the six days post-Christmas.

Mining stocks also surged today on the back higher commodity prices. Goldies were up after bullion rose 0.6% to US$2,632/oz at the time of writing.

One of the best performers this morning was BrainChip Holdings (ASX:BRN), which rose by over 20% on no specific news.

DroneShield (ASX:DRO) also skyrocketed by 13% after fund manager Vanguard took a 5.5% stake in the company.

Meanwhile, tech giants on Wall Street were mostly on the back foot overnight, with Tesla dropping 2% as it continued its post-Christmas slump.

ASX SMALL CAP WINNERS

Here are the best performing ASX small cap stocks for December 27 :

Security	Description	Last	%	Volume	MktCap
1TT	Thrive Tribe Tech	0.003	50%	6,466,736	$2,813,446
FAU	First Au Ltd	0.002	33%	1,300,000	$3,107,990
TVN	Tivan Limited	0.120	33%	7,758,166	$171,896,683
GCM	Green Critical Min	0.012	28%	50,782,990	$17,167,980
ABX	ABX Group Limited	0.040	25%	114,613	$8,009,390
ADG	Adelong Gold Limited	0.005	25%	719,414	$4,471,956
WBE	Whitebark Energy	0.010	25%	542,631	$2,018,668
RR1	Reach Resources Ltd	0.008	23%	1,706,237	$5,683,804
BRN	Brainchip Ltd	0.385	22%	29,814,955	$621,327,412
MTM	MTM Critical Metals	0.225	22%	10,140,962	$75,222,624
TOU	Tlou Energy Ltd	0.018	20%	323,737	$19,478,765
RMI	Resource Mining Corp	0.006	20%	50,000	$3,261,739
EMU	EMU NL	0.031	17%	749,945	$5,001,859
1AI	Algorae Pharma	0.007	17%	428,204	$10,124,368
ATH	Alterity Therap Ltd	0.007	17%	74,033,446	$31,922,017
BCB	Bowen Coal Limited	0.007	17%	33,701,334	$64,650,195
CHM	Chimeric Therapeutic	0.007	17%	1,800,823	$9,450,899
GTR	Gti Energy Ltd	0.004	17%	200,000	$8,888,849
IXR	Ionic Rare Earths	0.007	17%	754,539	$31,370,570
ION	Iondrive Limited	0.030	15%	6,271,406	$22,870,475
OZM	Ozaurum Resources	0.030	15%	20,784	$4,127,500

Tivan (ASX:TVN) surged after the chairman’s update, which reiterated its key partnership with Sumitomo Corporation and confirmation that the Speewah Fluorite Project is fully funded. The announcement, combined with the progress at Sandover and a strong balance sheet, sparked investor confidence that Tivan is on track for growth in the critical minerals sector.

Bowen Coking Coal (ASX:BCB) hit a quarterly sales record of 544Kt, up 31% from the previous quarter. Coal production stayed strong, with the Burton Mine pumping out 544Kt of Run-of-Mine coal, slightly above target. The company also said it’s made progress at the Plumtree North mine, ahead of schedule, and enjoyed strong efficiency at its coal handling and preparation plant.

ASX SMALL CAP LOSERS

Here are the worst performing ASX small cap stocks for December 27 :

Code	Name	Price	% Change	Volume	Market Cap
NRZ	Neurizer Ltd	0.001	-50%	3,851,924	$5,929,721
VML	Vital Metals Limited	0.002	-33%	454,143	$17,685,201
SRI	Sipa Resources Ltd	0.013	-28%	2,131,888	$4,106,846
AMD	Arrow Minerals	0.002	-25%	1,762,853	$26,447,256
ERL	Empire Resources	0.003	-25%	258,333	$5,935,653
FHS	Freehill Mining Ltd.	0.003	-25%	4,980	$12,314,111
NAE	New Age Exploration	0.003	-25%	3,000,000	$8,575,596
TX3	Trinex Minerals Ltd	0.002	-25%	78,811	$3,657,305
VFX	Visionflex Group Ltd	0.003	-25%	240,000	$13,471,442
MMR	Mec Resources	0.004	-20%	1,000,000	$9,159,035
TEG	Triangle Energy Ltd	0.004	-20%	2,682,701	$10,446,170
LML	Lincoln Minerals	0.005	-17%	426,008	$12,337,557
AXN	Alliance Nickel Ltd	0.036	-14%	71,559	$30,485,264
RML	Resolution Minerals	0.012	-14%	264,642	$3,155,448
SRN	Surefire Rescs NL	0.003	-14%	2,300,000	$7,232,077
ZMM	Zimi Ltd	0.012	-14%	200,000	$5,417,217
SMX	Strata Minerals	0.020	-13%	614,150	$4,388,749
AAU	Antilles Gold Ltd	0.004	-13%	3,236,210	$7,431,504
CTO	Citigold Corp Ltd	0.004	-13%	332,000	$12,000,000
T92	Terrauraniumlimited	0.037	-12%	274,641	$3,354,113
JAL	Jameson Resources	0.040	-11%	1,153	$27,482,999
MML	Mclaren Minerals	0.040	-11%	11,112	$4,682,926

Originally published as ASX Lunch Wrap: Local market’s good form continues as Brainchip and Droneshield soar