ASX Large Caps: Macquarie posts record quarter, mining stocks lift ASX 200 over 1%

ASX Large Caps roundup 8 Feb 2022. Picture Getty

Miners and Financials lifted local shares today, as the ASX 200 defied Wall Street’s falls overnight to climb 1.07%.

In mining, large gold stocks like AngloGold Ashanti (ASX:AGG) bounced back from yesterday’s falls, while iron ore majors like Fortescue (ASX:FMG) gained +2%.

Banking stocks also rallied strongly buoyed by the record quarter reported by Macquarie Group (ASX:MQG).

Travel stocks have taken off again today, in the wake of PM Scott Morrison yesterday putting a date to the uncorking of Australia’s international borders – the 21st of February

The only sector to have fallen today was Tech, down by more than 1.5% following a selloff in US tech stocks overnight.

Meanwhile, the Roy Morgan ANZ consumer sentiment survey fell 1.9pts to 99.9 during the first week of February. Australia’s consumer confidence is currently still a significant 11.5pts below the same week a year ago.

BIG CAP WINNERS

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Code	Name	Price	% Change	Volume	Market Cap
WEB	Webjet Limited	5.95	8.0%	8,558,724	$2,096,609,103
MFG	Magellan Fin Grp Ltd	17.62	7.2%	3,095,065	$3,051,264,656
FLT	Flight Centre Travel	20.25	6.9%	7,437,537	$3,781,076,275
SUN	Suncorp Group Ltd	12.075	5.9%	4,728,157	$14,393,696,726
SKC	Skycity Ent Grp Ltd	2.875	5.3%	739,871	$2,075,360,221
AVZ	AVZ Minerals Ltd	0.8	5.3%	16,584,729	$2,623,567,941
VEA	Viva Energy Group	2.39	4.8%	8,387,268	$3,537,398,253
AIZ	Air New Zealand	1.55	4.7%	1,228,073	$1,661,809,456
CTD	Corp Travel Limited	23	4.5%	374,191	$3,118,454,960
HUB	HUB24 Ltd	27.43	4.3%	264,279	$1,804,141,234
MQG	Macquarie Group Ltd	202.24	4.2%	918,224	$74,435,314,531
CIA	Champion Iron Ltd	7.03	4.1%	1,486,921	$3,419,630,163
ASM	Ausstratmaterials	8.61	4.1%	382,552	$1,153,714,670
SGR	The Star Ent Grp	3.71	3.6%	3,992,946	$3,408,210,872
EML	EML Payments Ltd	3.14	3.6%	1,050,770	$1,131,534,544
BHP	BHP Group Limited	49.1	3.6%	20,956,436	$239,903,495,974
SCP	SCA Property Group	2.9	3.6%	3,472,304	$3,125,601,528

Suncorp Group (ASX:SUN) rose despite cutting its interim dividend after group NPAT was down 20.8% to $388 million. Suncorp CEO Steve Johnson said the group’s insurance business has been challenged by the La Niña climate pattern and Covid-19 challenges.

Macquarie Group reported a record quarter and upgraded its guidance for M&A fees, following a boom in deals last quarter. The bank completed 126 M&A transactions valued at $105b during the quarter.

Travel stocks Flight Centre (ASX:FLT) and Webjet (ASX:WEB) rose over 5% following yesterday’s reopening announcement.

BIG CAP LOSERS

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Code	Name	Price	% Change	Volume	Market Cap
APX	Appen Limited	8.31	-6.7%	3,017,168	$1,096,597,502
SQ2	Block	142.18	-6.2%	257,024	$14,459,297,826
NAN	Nanosonics Limited	4.8	-4.8%	8,633,140	$1,520,965,167
SDR	Siteminder	5.82	-4.6%	177,276	$1,657,752,830
PBH	Pointsbet Holdings	5.07	-3.8%	1,676,002	$1,389,167,415
JDO	Judo Cap Holdings	1.9275	-3.1%	1,070,373	$2,199,957,682
IMD	Imdex Limited	2.8	-3.1%	2,456,794	$1,145,747,436
NCK	Nick Scali Limited	13.52	-3.0%	1,349,909	$1,129,140,000
PRU	Perseus Mining Ltd	1.485	-2.9%	6,657,882	$1,886,558,192
MGF	Magellan Global Fund	1.605	-2.7%	7,525,356	$2,607,110,887
OCL	Objective Corp	16.05	-2.7%	11,944	$1,560,283,247
REA	REA Group	136.51	-2.4%	250,440	$18,485,841,003
CPU	Computershare Ltd	19.92	-2.4%	1,963,438	$12,322,115,748
INR	Ioneer Ltd	0.615	-2.4%	6,814,020	$1,291,845,491
MCY	Mercury NZ Limited	5.42	-2.3%	59,998	$7,560,770,178
CRN	Coronado Global Res	1.46	-2.3%	2,414,629	$2,506,298,326

Nanosonics (ASX:NAN) fell as much as 15% today after revealing that its agreement with GE Healthcare will be revised starting today.

In the new agreement, GE will transition to a pass-through model where NAN will manage all inventory, ship, install and training of new customers who then become Nanosonics’ own customers.

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