Top 10 at 11: ASX slumps but a fintech and copper junior show the way

A fintech junior and a copper hunter are standouts in Monday morning trade, while more broadly, miners have slumped.

Pic via Getty Images

Welcome to Stockhead’s Top 10 at about 11am, which highlights the best (and sometimes worst) performing ASX stocks in morning trade using live data.

We provide a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms that have made announcements.

The market opens at 10am (eastern time) and the data is taken at about 10:30am, once every ASX stock has started trading.

(Very) briefly, here’s what’s been happening already this morning.

The ASX 200 has flopped and face planted straight out of the gates, with miners in particular taking a hit so far on Monday.

This comes despite Wall Street's strong gains on Friday following Donald Trump's decisive win.

So what's weighing things down? An underwhelming stimulus package from China. Eddy Sunarto will have more on that in today's ASX Small Caps Lunch wrap.

Meanwhile according to reporting this morning from The Australian:

Miners lead a modest dip in the Australian share market as expected after China’s disappointing policy announcements.

The S&P/ASX 200 index falls 0.4 per cent to 8259.7 points as expected with the materials sector down 2.3 per cent.

Fortescue leads a 2.9-4.4 per cent fall in big iron ore miners.

Resolute Mining is down 24 per cent after diving 32 per cent after four employs including its CEO were detained in Mali.

Here’s what else is moving and shaking on the ASX at the time of writing…

WINNERS

Security	Description	Last	%	Volume	MktCap
ERA	Energy Resources	0.003	50%	784,292	$44,296,598
RLC	Reedy Lagoon Corp.	0.003	50%	2,000,059	$1,523,413
DOU	Douugh Limited	0.013	44%	10,207,142	$9,738,620
SLH	Silk Logistics	2.07	41%	894,174	$119,874,969
AAU	Antilles Gold Ltd	0.004	33%	2,250,000	$5,567,228
EVR	EV Resources Ltd	0.004	33%	1,368,619	$4,188,814
NAG	Nagambie Resources	0.02	33%	9,320,538	$11,949,535
BDG	Black Dragon Gold	0.092	28%	1,227,577	$21,311,956
HLX	Helix Resources	0.005	25%	205,884	$13,056,775
IS3	I Synergy Group Ltd	0.005	25%	20,000	$1,424,871

In the news on Monday morning we have…

Fintech Douugh (ASX:DOU) has announced it's received its FY24 R&D tax refund for work on its embedded finance platform Stakk. The total amount received is just over a million dollars.

Copper junior Helix Resources (ASX:HLX) , meanwhile, is up today on news that it's lodged its "target’s statement" with ASIC in response to the "unsolicited, off-market, proportional takeover offer" from Acta Investment Group for 25 per cent of the shares in Helix that Acta and its associates do not already own.

LAGGARDS

Security	Description	Last	%	Volume	MktCap
AMD	Arrow Minerals	0.001	-50%	50,000	$26,447,256
GMN	Gold Mountain Ltd	0.001	-50%	154,912	$7,814,946
HCD	Hydrocarbon Dynamic	0.002	-33%	214,285	$2,425,747
IBG	Ironbark Zinc Ltd	0.002	-33%	34,482	$5,500,943
VPR	Volt Group Ltd	0.001	-33%	115	$16,074,312
RDG	Res Dev Group Ltd	0.016	-27%	1,293,884	$64,918,879
RSG	Resolute Mining	0.4925	-26%	15,933,601	$1,426,463,509
TMK	TMK Energy Limited	0.002	-20%	46,694,502	$20,981,014
MNC	Merino and Co	0.85	-19%	328,541	$55,730,399
CZN	Corazon Ltd	0.005	-17%	4,322,377	$4,007,434

Originally published as Top 10 at 11: ASX slumps but a fintech and copper junior show the way