ASX large caps: Local shares steady despite overnight’s ‘Metaplunge’

ASX large caps roundup 4 Feb 2022. Picture Getty
The ASX 200 seesawed in afternoon trade but mostly traded sideways as it closed the day slightly up by 0.26%, maintaining its level above 7,000 at 7,096.
The Tech sector also managed to stand its ground, up 0.6%, despite the biggest one day stock plunge in US stock market history as Meta (Facebook) plummeted 26% and wiped out US$230bn of market cap.
Other ASX sectors to rise today include Energy and Industrials, while most other sectors found themselves in the red by less than 0.5%.
The Materials sector meanwhile lost ground 0.25% as heavyweight Boral (ASX:BLD) adjusted down its valuation by 40% after trading ex-dividend, along with a massive cash distribution to shareholders.
On the economics front, a quarterly note released by the RBA today predicted that unemployment rate could fall to 3% if Australia could move on quickly from the Omicron outbreak.
The note also revealed that the central bank expects CPI to peak to 3.75% in June, which is much higher than its previous forecast of 2.75%.
BIG CAP WINNERS
Swipe or scroll to reveal the full table. Click headings to sort
Code | Name | Price | % Change | Volume | Market Cap |
---|---|---|---|---|---|
BRN | Brainchip Ltd | 1.73 | 9% | 39,304,195 | $2,725,835,809 |
LTR | Liontown Resources | 1.455 | 6% | 13,214,927 | $3,003,557,776 |
NWS | News Corp | 33.38 | 6% | 286,509 | $1,391,587,195 |
AVZ | AVZ Minerals Ltd | 0.765 | 6% | 19,381,528 | $2,502,745,733 |
PBH | Pointsbet Holdings | 5.12 | 5% | 2,310,336 | $1,288,999,746 |
QAN | Qantas Airways | 5.17 | 4% | 7,075,501 | $9,335,921,255 |
CXO | Core Lithium | 0.78 | 4% | 16,372,407 | $1,269,671,437 |
VUK | Virgin Money Uk PLC | 3.81 | 4% | 2,868,471 | $3,189,427,973 |
AX1 | Accent Group Ltd | 2.07 | 4% | 611,970 | $1,083,733,430 |
S32 | South32 Limited | 4.11 | 3% | 14,926,732 | $18,506,724,397 |
EBO | Ebos Group Ltd | 37.46 | 3% | 14,864 | $6,848,898,362 |
PTM | Platinum Asset | 2.63 | 3% | 2,159,505 | $1,496,031,195 |
INR | Ioneer Ltd | 0.66 | 3% | 5,498,055 | $1,312,350,975 |
Z1P | Zip Co Ltd. | 3 | 3% | 6,192,026 | $1,713,509,512 |
Market darling Brainchip (ASX:BRN) was again leading the pack after rising by almost 7% on no news. On Tuesday, the US-based company announced it’s received an additional patent from the US patent office, bringing BRN’s total US patent suite to eight, along with one in China.
News Corporation (ASX:NWS)’s rose 5% as Q2 revenues increased by 13% to $2.72 billion, compared to $2.41 billion in the prior year. Revenues in the first half rose 15% year- over-year.
Liontown Resources (ASX:LTR) jumped after it reported after hours yesterday on the successful completion of its $12.9m share purchase plan (SPP).
BIG CAP LOSERS
Swipe or scroll to reveal the full table. Click headings to sort
Code | Name | Price | % Change | Volume | Market Cap |
---|---|---|---|---|---|
BLD | Boral Limited | 3.81 | -2% | 9,204,443 | $4,280,122,055 |
NUF | Nufarm Limited | 5.48 | -2% | 3,024,388 | $2,123,962,509 |
KAR | Karoon Energy Ltd | 1.995 | -2% | 1,477,565 | $1,134,992,536 |
ILU | Iluka Resources | 10.21 | -3% | 2,383,252 | $4,435,160,544 |
SDR | Siteminder | 5.79 | -3% | 76,752 | $1,616,988,416 |
DEG | De Grey Mining | 1.175 | -3% | 3,863,829 | $1,701,772,465 |
ABC | Adbri Limited | 2.89 | -3% | 1,513,662 | $1,951,356,389 |
ARB | ARB Corporation. | 44.33 | -4% | 418,703 | $3,756,258,545 |
SEK | Seek Limited | 28.11 | -5% | 1,039,324 | $10,419,410,394 |
TLX | Telix Pharmaceutical | 6.845 | -5% | 1,263,891 | $2,211,929,170 |
Boral Ltd fell 40% after announcing trading ex-dividend and capital return.
Boral’s shareholders will receive a total cash distribution of $2.72 per share which totals $2.93bn, as well as unfranked dividends of 7c a share which totals $77m.
Related Topics
UNLOCK INSIGHTS
Discover the untold stories of emerging ASX stocks.
Daily news and expert analysis, it's free to subscribe.
By proceeding, you confirm you understand that we handle personal information in accordance with our Privacy Policy.