• The ASX has closed 0.77% lower on the last trading day before Christmas 
  • Markets fell across the globe following strong falls on Wall Street
  • TPG recoups some losses after falls earlier in the week after ACCC blocks deal with Telstra

 

Stockhead’s very talented Gregor Stronach has come up with a poem to describe the last trading day before Christmas 2022.

T’was day before Christmas, and all through the bourse
The grinch and his cronies were out in full force.
Cackling and thieving all value they saw,
Leaving nothing but red on the ASX floor.

Large Cap or Small Cap, the size mattered not,
As the grinch sucked up gains like a foul trading bot,
‘Til the bells of St Nicholas rang in the air,
And investors let out a world-weary cheer.

For the bells mark the end of a bad trading day,
Their ringing and pinging all driving away
The rotten old grinch and his light-fingered friends,
While investors all wondered “is this how it ends?”

And sadly, it is – for the market has sagged,
With very few winners after most shares had lagged
But fret not, investors – you’ve nothing to fear,
As they say in the classics: “There’s always next year”.

The benchmark S&P/ASX200 closed down 0.77%, following renewed rate hikes fears on Wall Street, which saw the Dow Jones lose 1.05%, the tech heavy NASDAQ down 2.18% and S&P 500 fell 1.45%. Stocks in Europe also fell.

It was a flood of red on local markets with IT leading the losses, down 1.73% followed by energy stocks which lost 1.20% and consumer discretionary falling 1.13%.

There were similar falls around the Asia-Pacific region today with all the major indices losing ground.

South Korea led the losses with the Kospi down 1.63%. The Heng Seng fell 0.51%, with the CSI 300 down 0.019%.

The Topix fell 0.47% and Nikkei 225 lost 0.83% in its afternoon session.

 

LARGE CAP WINNERS

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Code Company Price % Volume Market Cap
NEU Neuren Pharmaceut. 8.21 5% 339,859 $982,532,273
SGF SG Fleet Group Ltd 1.815 4% 42,497 $596,763,685
TUA Tuas Limited 1.335 4% 107,646 $597,473,498
QAL Qualitaslimited 2.69 4% 100,213 $766,681,577
TPG TPG Telecom Limited 4.96 3% 1,123,642 $8,924,840,011
SM1 Synlait Milk Ltd 3.35 3% 7,571 $710,390,398
SMR Stanmore Resources 2.99 3% 1,146,094 $2,623,020,741
COF Centuria Office REIT 1.595 3% 249,708 $928,858,928
MCY Mercury NZ Limited 5.34 2% 2,686 $7,221,101,482
IFT Infratil Limited 8.09 2% 6,723 $5,728,877,563
ERA Energy Resources 0.22 2% 35,906 $793,647,388
SBM St Barbara Limited 0.7775 2% 2,848,961 $620,571,650
CNI Centuria Capital 1.78 2% 758,796 $1,385,732,487
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TPG Telecom (ASX:TPG) was back on the winners list recouping some of the losses from earlier in the week  after the the competition regulator announced it would block its landmark Multi-Operator Core Network (MOCN) agreement with Telstra (ASX:TLS).

The Australian Competition and Consumer Commission argued the infrastructure deal would lessen competition and leave Australian mobile users worse off, despite “some benefits”.

TPG and TLS have both said they will appeal the decision.

 

LARGE CAP LOSERS

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Code Company Price % Volume Market Cap
AGY Argosy Minerals Ltd 0.53 -9% 8,093,568 $814,556,349
RED Red 5 Limited 0.2025 -8% 8,488,891 $614,419,677
CXL Calix Limited 4.46 -7% 232,151 $862,554,303
INR Ioneer Ltd 0.385 -6% 6,020,735 $860,318,689
GUD G.U.D. Holdings 7.53 -6% 349,223 $1,125,748,621
LKE Lake Resources 0.7675 -5% 7,287,877 $1,127,235,454
SYA Sayona Mining Ltd 0.19 -5% 28,222,403 $1,736,806,307
GRR Grange Resources. 0.83 -5% 2,085,818 $1,006,884,667
PXA Pexagroup 12.45 -5% 294,899 $2,314,101,533
GMD Genesis Minerals 1.2475 -4% 220,620 $535,479,120
SGR The Star Ent Grp 1.9025 -4% 4,617,114 $1,884,988,136
NAN Nanosonics Limited 4.27 -4% 126,397 $1,341,011,069
BKL Blackmores Limited 71.72 -4% 18,357 $1,449,497,227
MSB Mesoblast Limited 0.895 -4% 923,323 $685,522,733
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