ASX large caps posted steady gains in Tuesday trade, as tech stocks and financials gained while resources stocks lagged behind.

It marked a reversal of the broader January trend, as money pour into the mining sector while large cap tech stocks got hammered.

The ASX 200 got a bit of a boost in afternoon trade, as the RBA refrained from any hawkish tilt in its outlook for domestic interest rates, instead choosing a “patient” approach to monitoring inflation.

Afterpay’s new owner Block Inc (ASX:SQ2) ripped higher for the second straight day, after the company released an update on how it plans to integrate the BNPL service into its existing infrastructure.

Consumer discretionary stocks also outperformed with steady gains across large cap travel and entertainment stocks.

 

BIG CAP WINNERS

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Code Name Price % Change Volume Market Cap
BRN Brainchip Ltd 1.64 15.1% 50,022,003 $2,442,966,055
APX Appen Limited 10.44 8.5% 924,206 $1,183,980,692
PDL Pendal Group Ltd 5.18 7.7% 2,581,955 $1,840,680,636
SQ2 Block 172.11 6.6% 263,240 $15,507,803,581
JDO Judo Cap Holdings 2.03 6.6% 1,951,770 $2,105,989,641
IMU Imugene Limited 0.33 6.5% 25,727,222 $1,799,768,808
AVZ AVZ Minerals Ltd 0.745 6.4% 26,273,440 $2,416,444,156
PBH Pointsbet Holdings 5.15 6.0% 2,935,307 $1,281,091,772
CCX City Chic Collective 5.2 5.9% 444,337 $1,138,727,622
BLD Boral Limited 6.21 5.8% 3,027,280 $6,475,129,020
ASM Ausstratmaterials 8.82 5.5% 338,188 $1,166,270,210
AMP AMP Limited 0.92 5.1% 9,105,179 $2,857,842,621
DDR Dicker Data Limited 13.35 5.0% 71,885 $2,197,364,079
FLT Flight Centre Travel 17.36 5.0% 1,278,177 $3,301,511,358
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Outpacing Block Inc with an intraday gain of +15% was 2022’s most talked about company, AI chip manufacturer Brainchip (ASX:BRN).

BRN closed at $1.64 with a market cap of $2.44bn — off its recent highs above $2 but reflective of a notable shift in tech sentiment since the Nasdaq surged higher on Friday night.

Money also flowed into embattled data technology company Appen (ASX:APX) for the second straight day, which has climbed back above $10 (after hitting all-time highs above $40 in late-2020).

Also posting solid gains was recently-listed banking competitor Judo (ASX:JDO), which rose by +5% to $2.03, just below its November listing price of $2.10.

BIG CAP LOSERS

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Code Name Price % Change Volume Market Cap
GNE Genesis Energy Ltd 2.62 -5.4% 8,662 $2,890,685,163
29M 29Metalslimited 2.51 -4.6% 1,947,955 $1,263,596,650
ABR American Pacific 2.31 -3.8% 432,998 $1,002,444,629
BHP BHP Group Limited 44.93 -3.1% 19,221,681 $136,744,152,112
PSI Psc Insurance Ltd 4.5 -2.6% 7,129 $1,513,675,511
BXB Brambles Limited 9.43 -2.5% 7,354,404 $13,872,627,343
RIO Rio Tinto Limited 108.9 -2.4% 2,366,378 $41,412,880,834
WOR Worley Limited 11.28 -2.3% 3,143,863 $6,048,215,816
REH Reece Limited 21.26 -2.2% 629,720 $14,043,696,095
ABC Adbri Limited 2.86 -2.1% 1,863,102 $1,905,672,461
MCY Mercury NZ Limited 5.15 -1.9% 89,061 $7,152,079,898
CIA Champion Iron Ltd 6.34 -1.7% 2,142,614 $3,266,872,600
NXT Nextdc Limited 10.49 -1.7% 2,391,309 $4,872,502,907
UWL Uniti Group Ltd 4.12 -1.4% 1,898,808 $2,877,314,064
JLG Johns Lyng Group 7.62 -1.2% 682,260 $1,998,121,457