• The ASX was up 0.65% on Friday, 1% for the week
  • Weak Big Tech earnings in the US as reports rolled in
  • Healthcare and Real Estate sectors led today

 

The ASX 200 surged 0.65% on Friday, launching the index almost 1% higher for the week and 9% for the year.

Aussie investors digested a slew of Big Tech earnings reports coming out of the US as the local market headed into the lunch break.

Nasdaq had earlier closed 3% higher before the the disappointing tech numbers started to roll in after the bell.

Shares of Apple, Alphabet and Amazon all fell after hours after they missed expectations.

Amazon was the worst of the bunch, falling 5% as the company missed on EPS (US3c vs US17c forecast), and was below expectations on its AWS sales.

Aussie darling Atlassian plunged by 13% in post-market trade as losses widened. Atlassian’s net loss ballooned to $US205m, vs a net loss of $US22.3m on the pcp.

Despite being US-listed, Atlassian’s status as one Australia’s few homegrown tech success stories means it still has significant influence on the local market.

“As one of the few tech companies that hasn’t announced layoffs, it may eventually come under pressure to reduce headcount,” said Megan Stals, markets analyst at Stake.

Back home, Healthcare and Real Estate led the bourse higher today.

The Health sector was buoyed by CSL (ASX:CSL), which rose by almost 3% to a new 52-week high on no specific news.

Insurer IAG (ASX:IAG) was down just 0.5% as more than 15,000 claims related to the recent flooding started to come in.

The company warned investors that its margins will come under pressure and fall from 16% to 10%.

Real estate stocks rallied despite dismal building approval figures which showed a 2.4% fall in construction approvals in December, according to ABS data today. For the year of 2022, that’s down by 22% on 2021.

Coal stocks meanwhile came under pressure as thermal coal prices dropped overnight.

Looking ahead to tonight’s session on Wall Street, watch out for the release of the US jobless rate.

 

BIG CAP WINNERS

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Security Description Last % Volume MktCap
PNI Pinnacle Investment 10.32 9.90 1,075,272 $1,889,869,486
BRN Brainchip Ltd 0.67 6.35 12,409,364 $1,106,946,631
CNI Centuria Capital 2.025 4.65 1,759,661 $1,541,030,093
NWS News Corp.. 30.49 4.42 176,057 $1,005,935,737
HMC HMC Capital Limited 5.12 4.28 232,584 $1,476,815,782
WAM WAM Capital Limited 1.71 4.27 2,640,101 $1,794,314,462
GOZ Growthpoint Property 3.5 4.17 764,546 $2,573,619,075
MGR Mirvac Group 2.435 4.06 15,115,496 $9,233,312,908
NEC Nine Entertainment 2.185 4.05 2,633,342 $3,581,325,831
CPU Computershare Ltd 24.04 3.93 1,417,874 $13,964,259,542
SDR Siteminder 4.31 3.86 401,051 $1,140,647,719
PPT Perpetual Limited 26.86 3.59 462,866 $2,905,600,697
ARF Arena REIT. 3.94 3.41 842,351 $1,332,174,223
CQR Charter Hall Retail 4.26 3.40 2,785,790 $2,394,665,989
EVT EVT Limited 14.48 3.28 53,949 $2,261,814,480
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Pro Medicus (ASX:PME) rose 2% and hit a new 52-week high on no specific news.

Pinnacle Investment (ASX:PNI) rose 10% as investors bought the dip following the drop over the last two days as the company reported a slump in NPAT.

 

BIG CAP LOSERS

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Security Description Last % Volume MktCap
PDN Paladin Energy Ltd 0.80 -7.27 251,402,729 $2,562,884,026
RRL Regis Resources 2.08 -6.53 2,629,040 $1,676,157,554
GOR Gold Road Res Ltd 1.58 -5.80 3,358,275 $1,807,883,036
WAF West African Res Ltd 1.06 -5.58 2,056,494 $1,146,262,030
SYR Syrah Resources 2.02 -5.40 3,492,781 $1,428,315,612
SLR Silver Lake Resource 1.24 -5.15 5,479,896 $1,217,965,076
DEG De Grey Mining 1.44 -4.95 2,879,401 $2,365,167,876
CMM Capricorn Metals 4.51 -4.56 1,197,953 $1,768,504,586
NST Northern Star 12.66 -4.27 5,321,789 $15,202,278,981
SFR Sandfire Resources 6.19 -4.26 2,196,384 $2,951,521,855
CEN Contact Energy Ltd 7.09 -4.19 8,165 $1,852,376,710
BGL Bellevue Gold Ltd 1.18 -4.08 3,626,740 $1,383,177,846
EVN Evolution Mining Ltd 3.23 -4.02 9,372,402 $6,165,654,832
NEU Neuren Pharmaceut. 7.71 -3.99 389,543 $1,011,504,378
BGA Bega Cheese Ltd 3.66 -3.56 2,084,930 $1,151,775,607
CHN Chalice Mining Ltd 6.50 -3.27 753,706 $2,529,725,144
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Paladin Energy (ASX:PDN) fell 7% on no news.

Bega Cheese (ASX:BGA) dropped 4% after the resignation of CEO, Paul van Heerwaarden. Pete Findlay has been appointed as the new CEO effective immediately.

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