ASX large caps 15 Fen 2022. Pic: Getty
ASX Large Caps: Energy plunges as investors take profit, Tech mounts comeback
News
share
The ASX 200 managed to regain some early losses, and closed the day just 0.40% lower.
The Energy sector shed almost 3%, as investors locked in profits after the XEJ index hit a one-year peak yesterday.
This comes as oil prices rose another 1% overnight, with Brent price now at $US95.06 a barrel and well on its way to US$100 for the first time since 2014.
OPEC is trying its best to calm the markets, with Secretary General Mohammad Barkindo telling reporters the cartel is working behind the scenes to ensure ample supply of oil globally.
Gold is the other commodity that’s been spiking recently on war concerns. The spot gold price is currently trading around $US1867 an ounce, its highest level since mid November. Nice.
Meanwhile, the ASX Tech sector was the best performing sector today, up 1.5%, which helped steady the ship.
In corporate news, BHP (ASX:BHP) declared a record interim dividend of $US1.50 a share (up from US$1.01 a year ago), as profits soared by 144% (on pcp) in the first half to $9.44bn.
It was the largest interim dividend in its history, dropping $10.7 billion into the pockets of shareholders less than a month after unifying its structure to combine its Australian and British companies into a single $250 billion capped Aussie miner.
Despite the announcement, BHP slumped 0.3% today.
BIG CAP WINNERS
Swipe or scroll to reveal the full table. Click headings to sort.
| Code | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| SGM | Sims Limited | 16.95 | 13.1% | 2,176,708 | $2,962,143,156 |
| BXB | Brambles Limited | 10.05 | 6.7% | 12,017,001 | $13,514,252,063 |
| SEK | Seek Limited | 29.56 | 6.4% | 1,627,962 | $9,831,902,878 |
| ZIM | Zimplats Holding Ltd | 25.2 | 5.5% | 25,955 | $2,571,463,435 |
| SQ2 | Block | 157.39 | 4.8% | 498,373 | $14,320,999,793 |
| IFT | Infratil Limited | 7.39 | 3.9% | 13,899 | $5,155,989,806 |
| JBH | JB Hi-Fi Limited | 53.63 | 3.7% | 682,253 | $5,940,619,166 |
| SLR | Silver Lake Resource | 1.72 | 3.3% | 7,651,520 | $1,519,325,773 |
| NAN | Nanosonics Limited | 4.77 | 3.2% | 797,490 | $1,394,218,070 |
| BEN | Bendigo and Adelaide | 9.94 | 2.8% | 5,739,666 | $5,423,118,589 |
| DOW | Downer EDI Limited | 5.46 | 2.6% | 5,065,772 | $3,637,092,092 |
| ALU | Altium Limited | 34.83 | 2.5% | 439,967 | $4,466,004,376 |
| MPL | Medibank Private Ltd | 3.26 | 2.5% | 5,933,374 | $8,757,730,303 |
| DXS | Dexus | 10.41 | 2.5% | 2,643,876 | $10,927,742,899 |
| GMG | Goodman Group | 23.37 | 2.4% | 3,084,005 | $42,632,839,937 |
| MP1 | Megaport Limited | 13.76 | 2.3% | 668,957 | $2,122,245,681 |
| SKC | Skycity Ent Grp Ltd | 2.76 | 2.2% | 367,477 | $2,052,554,064 |
| NWL | Netwealth Group | 14.88 | 2.2% | 288,694 | $3,549,914,383 |
| APX | Appen Limited | 8.49 | 2.2% | 932,220 | $1,022,752,552 |
Recycling specialist Sims Ltd (ASX:SGM) jumped 16% after delivering revenue $4.26b, up 73.9% on pcp. Bottom line EBIT was $361.7m, up a massive 541% on pcp.
Human resources specialist Seek Ltd (ASX:SEK) was also up 6%, after declaring its highest dividend in three years. Seek’s sales revenue rose 59% on pcp to $517.2m, and profit from continuing operations was up 152% to $126.7m.
BIG CAP LOSERS
Swipe or scroll to reveal the full table. Click headings to sort.
| Code | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| BPT | Beach Energy Limited | 1.46 | -10.2% | 29,776,379 | $3,707,167,191 |
| AVZ | AVZ Minerals Ltd | 0.735 | -9.3% | 35,168,674 | $2,796,171,095 |
| CHN | Chalice Mining Ltd | 7.5 | -9.1% | 3,110,897 | $2,928,943,661 |
| SWM | Seven West Media Ltd | 0.675 | -8.8% | 14,027,577 | $1,176,687,497 |
| ASM | Ausstratmaterials | 7.84 | -5.2% | 396,603 | $1,153,714,670 |
| MGH | Maas Group Holdings | 4.25 | -5.1% | 381,300 | $1,317,206,791 |
| FMG | Fortescue Metals Grp | 21.59 | -5.1% | 11,028,776 | $70,046,451,885 |
| CXO | Core Lithium | 0.755 | -5.0% | 20,884,245 | $1,346,991,753 |
| MIN | Mineral Resources. | 48.64 | -4.9% | 1,962,964 | $9,663,465,297 |
| BRN | Brainchip Ltd | 1.41 | -4.7% | 30,299,943 | $2,537,255,973 |
| TLX | Telix Pharmaceutical | 5.83 | -4.4% | 1,263,418 | $1,880,021,104 |
| GQG | GQG Partners | 1.52 | -4.4% | 638,485 | $4,694,960,640 |
| RMD | ResMed Inc. | 32.6 | -4.4% | 1,110,137 | $14,052,945,586 |
| CIA | Champion Iron Ltd | 6.8 | -4.4% | 2,232,463 | $3,602,010,438 |
| KAR | Karoon Energy Ltd | 1.9 | -4.3% | 2,312,311 | $1,104,392,247 |
| NHC | New Hope Corporation | 2.48 | -4.2% | 2,226,075 | $2,155,804,842 |
| CRN | Coronado Global Res | 1.47 | -4.2% | 2,300,454 | $2,573,356,476 |
| PDN | Paladin Energy Ltd | 0.695 | -4.1% | 8,489,890 | $1,942,232,216 |
Beach Energy (ASX:BPT) lost over 10%, just a day after jumping 10% on the back of strong net profit for the first half.
Protective equipment maker Ansell (ASX:ANN) dropped as EBIT fell 24% to US$111m despite a 7.6% increase in sales to around US$1bn for the half. The company said that its medical glove margins will fall over the coming year.
Read MoreMarkets
