CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure. CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure.

ASX 200 wrap: The Best and Worst performing stocks from Friday

Australian equities finished out the week slighlty higher as market sentiment once again turns bullish.

ASX 200 and All Ords run higher on Friday

Despite trading slightly higher over the last five sessions, the heavily watched ASX 200 benchmark has fallen around 1.5% in the last month.

On a more granular level, technology stocks continued to charge higher on Friday – reversing last week’s bearish trend – with the All Technology index gaining 2.44% or 64 points, to hit 2,682 points by 2:00PM. The All Tech index closed out the session just below that level, up 2.33% to 2,679 points.

By comparison, the ASX 200 and All Ords index also traded positively during Friday's session: The S&P/ASX 200 benchmark was up 0.80% to 6,767 points; while the All Ords was up 0.88% to 7,014 points – by 2:00PM.

The ASX 200 closed out the day at 6,766 (+0.79%); while the All Ords finished at 7,014 (+0.89%).

Australian small and micro-cap news

Beyond those broad market moves, below we look at some of the price sensitive announcements that a number of small and micro-cap ASX-listed companies released on Friday, 12 March 2021.

Rivia Technology and Entertainment (ASX: RTE)

Rivia Technology and Entertainment (RTE) revealed that it had made a US$2.5 million investment in the innovative games company Rogue Games. Rogue said it would use the funds to grow its independent games publishing teams, sign on new titles and more generally enhance its publishing capabilities.

Incannex Healthcare (ASX: IHL)

Incannex Healthcare requested that its stock be placed in a trading halt, with the company saying that it was poised to announce 'the launch of a sixth research program after receiving positive results from additional pre-clinical assessments of IHL-675A.'

Cirrius Networks (ASX: CNW)

Cirrius Networks said it had won a managed service contract worth more than $13 million, in a development that the company described as 'transformational.’

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Aeon Metals (ASX: AML)

Following the resignation company’s former MD and CEO Mr Hamish Collins, Aeon Metals announced that Dr Fred Hess would be taking the top spot, effective immediately. Mr Hess has a PhD in chemistry, me metallurgy, and more than 35 years of experience in the mining sector.

Volpara Health (ASX: VHT)

Volpara Health said it had signed a contract worth approximately USD$400,000 in annual recurring revenues, through its subsidiary CRA Health. The contract represents the Group’s 'highest value contract signed to date,’ the company said.

Credit Intelligence (ASX: CI1)

Credit Intelligence revealed that its previously announced $6 million capital raise had been cancelled. This comes as Clee Capital, who was set to act as the lead manager of the raise, attempted to introduce a clause which would have entailed Clee to elect a Board Nominee (to Credit Intelligence). The company’s Board said it ‘could not accept the additional condition.’

ASX 200: Risers and Fallers

Below we highlight the best and worst performing equities from the Australian market on Friday, 12 March 2021.

Risers

Fallers

Company

Change

Company

Change

Ecograf

+14.93%

Southern Cross Media Group

-10.41%

Cettire

+14.80%

Ainsworth Game Technology

-5.20%

PPK Group

+14.02%

AVZ Minerals

-5.13%

Brainchip Holdings

+11.63%

Moneyme

-5.00%

Piedmont Lithium

+11.45%

Base Resources

-4.69%

BARD1 Life Sciences

+9.92%

Resimac Group

-4.66%

Ardent Leisure Group

+9.87%

Grange Resources

-4.51%

IMDEX

+9.40%

Regis Resources

-4.47%

Brockman Mining

+9.38%

Northern Star Resources

-4.20%

Tesserent

+9.26%

Flight Centre Travel Group

-4.06%

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