Market highlights and the ASX small caps with huge news today

Overseas Markets Highlights

The Dow Jones index hit fresh record highs once again, increasing by 90 points or 0.29%. Huge tech were weighed down, with Apple down 1.8 per cent and Paypal 2.5 per cent – – dragging the Nasdaq Composite lower by 0.6 percent.

Oil costs were kept in check despite the continuous crisis in the United States, with Brent Unrefined trading higher by just 0.8% to US$ 63.86/ barrel.

Spot iron ore flat at US$ 166.88/ t

Bitcoin tops US$ 52,000

Bitcoin was trading at US$ 52,384 at the time of writing (8:28 am AEDT), another record high. The increase signified the crypto’s approval by major institutional investors with the likes of Tesla, Mastercard, and BNY Mellon now following suit.

Closer to house

ASX shares are poised to open lower this early morning, with NAB forecasting 40,000 fall in employment, and unemployment to increase to 7.8 percent. The main January’s labour force data is set for 11.30 am AEDT.

Star Home entertainment reports 50 percent fall in revenues, Perepetual profits down 43 percent, while CSL pays record dividends of $1.32 per share.

5 small caps to view on the ASX this early morning

Province Resources (ASX: PRL)

Shares in PRL are poised to open 17% greater this early morning, after gaining 120% the other day. The company announced the other day the purchase of all the shares in Ozexco which holds seven expedition licences in the Gascoyne Region of Western Australia – – considered to be prospective for salt, potash and mineral sands and for establishing a sustainable green hydrogen task.

EML Payments (ASX: EML)

Shrares in EML set to open 2% higher this morning after a 17% increase yesterday. The business revealed record earnings of $95.3 million and EBITDA of $28.1 milllion yesterday. Processed deal volume is likewise up 54% on pcp to $10.2 billion.

Fiji Kava (ASX: FIJ)

The medicinal company reported record profits for a six-month duration of $496,379, up 111% (1HFY20: $234,521). However it incurred a statutory bottom line of $1,547,312, a 28% improvement from the prior matching duration(1HFY20: loss of $2,163,789)

Etherstack (ASX: ESK)
The company reports that its subsidiary, Etherstack Wireless Ltd, will offer Samsung with a US$ 1.2 million licence to its existing technology for the purposes of assisting integration of the joint solution aimed at the telecommunications carrier market.

Whispir (ASX: WSP)
For H1 FY21, the company reported annualised recurring revenue at $47.4 million, up from $36.7 million for the very same duration last year – – a 29.2% increase. Half-yearly revenues increased 27.3% over the previous corresponding period to $23.1 million.

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