Raise your hand if you need a drink after looking at the ASX boards today.
It's been a big week @PeakHQ and we're certainly ready to kick back and enjoy a few beers…
Have a nice weekend!
Across markets…
The ASX 200 finished the week with its worst session in nearly six months, with tech stocks leading a 2.4 per cent nosedive.
The benchmark index shed $50 billion from its market cap on Friday to close at a near four-week low of 6673.3.
All sectors were hammered after rising bond yields hobbled US tech stocks and sent Wall Street crashing lower.
Despite dropping 3.5 per cent since reaching a pre-pandemic peak on February 16, the ASX 200 still managed to gain 1% for the month of February.
That is the market’s fifth straight monthly gain.
Source: SMH
The COVID-19 pandemic has proved a boon for game developer iCandy Interactive (ASX: ICI) with the company heralding its first ever positive earnings before interest tax depreciation and amortisation for the full year ending December 2020.
EBITDA for the 12 months came in at $800,000 and was shored up by a 62% increase in revenue from $2.2 million in FY 2019 to $3.6 million.
Adding to the positive financial scenario was a 76% reduction in losses from $2.3 million in FY 2019 to $600,000 in FY 2020.
“Over the last two years, iCandy has been focusing on building up its fundamental capabilities and focusing on doing what we do best – developing and publishing excellent games that are highly engaging, interactive and fun to play,” iCandy chairman Kin Lau explained.
Source: Small Caps
China and Hong Kong stocks fell sharply on Friday, in line with broader markets, as a rout in global bonds sent yields flying and dampened appetite for risky assets.
The CSI300 index was down 2.1% at 5,352.60 points at the end of the morning session, while the Shanghai Composite Index lost 1.8% to 3,519.09 points.
For the week, CSI300 slumped 7.4%, set for its worst week since Oct. 12, 2018, while the SSEC dropped 4.8%.
The Hang Seng index dropped 2.4% to 29,342.49 points, while the Hong Kong China Enterprises Index lost 2.7% to 11,404.68.
Yields on the 10-year Treasury note eased back to 1.494% from a one-year high of 1.614%, but were still up a startling 40 basis points for the month in the biggest move since 2016.
Source: Reuters
Sector: Consumer Discretionary
Year: 2019
Deal Type: Placement
Raise Amount: $2.2m
Price Change: $0.066 +1.54%
Sector: Satellite Communication
Year: 2020
Deal Type: Placement
Raise Amount: $5m
Price Change: $0.285 -3.39%
Sector: Vertical Farming
Year: 2020
Deal Type: Placement
Raise Amount: $1.53m
Price Change: $0.056 +1.82%
Sector: Consumer Discretionary
Year: 2018, 2019
Deal Type: Seed, Bridging and IPO
Raise Amount: $10m
Price Change: $0.235 +6.00%
Sector: Technology
Year: 2018
Deal Type: Seed and IPO
Raise Amount: $10m
Price Change: $0.032 -5.88%
Sector: Mining
Year: 2017
Deal Type: Seed & IPO
Raise Amount: $5m
Price Change: $0.19 Unchanged
Sector: Mining
Year: 2017
Deal Type: IPO & Placement
Raise Amount: $6m
Price Change: $0.049 -2.00%
Sector: Healthcare Equipment and Services
Year: 2016
Deal Type: IPO
Raise Amount: $8m
Price Change: $0.125 Unchanged
Sector: Materials
Year: 2016
Deal Type: IPO
Raise Amount: $9m
Price Change: $0.03 -9.09%
Sector: Biotechnology
Year: 2015, 2017, 2018
Deal Type: Placements & IPO
Raise Amount: $5m
Price Change: $2.40 -1.23%
Sector: Media an Entertainment
Year: 2016
Deal Type: Reverse Takeover
Raise Amount: $4m
Price Change: $0.043 +4.88%
Sector: mining
Year: 2018, 2019, 2020
Deal Type: Placements & Rights Offer
Raise Amount: $1.5m
Price Change: $0.012 -4.17%
Sector: CBD
Year: 2021
Deal Type: Placement
Raise Amount: $5M
Price Change: $0.022 -4.35%
Sector: Hemp & CBD
Year: 2020
Deal Type: Pre IPO
Raise Amount: $2.5m
Sector: Psychedelic assisted Therapy
Year: 2020
Deal Type: Pre IPO
Raise Amount: $1.5m
Price Change: CAD $0.21 -10.64%
Sector: Mining
Year: 2020
Deal Type: Placement
Raise Amount: $333k
Sector: Gaming & Digital Advertising
Year: 2020
Deal Type: Placement
Raise Amount: $1.25m
Sector: Mining (Gold)
Year: 2020
Deal Type: Placement
Raise Amount: $982k
Price Change: $0.007 -12.50%
Sector: Mining (Gold/Silver)
Year: 2020
Deal Type: Placement
Raise Amount: $2.3m
Price Change: $0.012 -7.69%
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