ASX Large Caps roundup 8 Feb 2022. Picture Getty
ASX Large Caps: Macquarie posts record quarter, mining stocks lift ASX 200 over 1%
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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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