After gaining 1.88% yesterday, the ASX gave back just about all of those gains as October got off to a rough start today.

The ASX closed at 7,186 points, down 2% from yesterday and 5.8% from mid August.

All sectors finished in the red, with financials and consumer discretionary stocks leading the laggards. The ‘best’ sector was utilities, which only lost 0.05%.

The falls came amid a continued drop in global markets sparked by fears of inflation, the withdrawal of monetary stimulus and continued uncertainty about the future of Chinese property developer Evergrande.

But one sector that avoided the worst of today’s rout was the travel and tourism sector, with the confirmation Australia’s international border would re-open.

A further boost was given with the TGA giving the nod to allowing in tourists who had received the Sinovac vaccine, which enables the return of tourists from China Australia’s largest market.

TODAY’S BIGGEST WINNERS

Stocks highlighted in yellow rose after making announcements during the trading day.

Scroll or swipe to reveal table. Click headings to sort.

Amani Gold (ASX:ANL) spiked 300% today despite having no news. Read more on that here.

Assetowl (ASX:AO1), a company with technology facilitating virtual real estate inspections, climbed off the back of a sales update.

Today’s IPO, West Cobar Metals (ASX:WC1) had a positive debut gaining 12.5%.

TODAY’S BIGGEST LOSERS

Stocks highlighted in yellow rose after making announcements during the trading day.

Scroll or swipe to reveal table. Click headings to sort.

FYI Resources (ASX:FYI) fell despite signing a binding term sheet with Alcoa to develop high quality alumina.

What appeared to turn off investors was that it had to give up a majority stake in the project.

ANNOUNCEMENTS YOU MAY’VE MISSED

Timothy Goyder, founder and chair of Chalice Mining (ASX:CHN) announce he would retire at the upcoming AGM in November. In his place, the company will appoint Derek La Ferla, previously chairman of Sandfire (ASX:SFR).

Five companies were suspended for failing to lodge annual reports by the due date of October 1. The list includes New Century Resources (ASX:NCZ), Purifloh (ASX:PO3), Terracom (ASX:TER), White Rock Minerals (ASX:WRM) and Wiseway Group (ASX:WWG).

Radiology company Pro Medicus (ASX:PME) signed a 7-year $40 million deal with Novant Health, a North Carolina based integrated delivery network. The deal will see its Visage 7 platform implemented in Novant Health’s offerings.

Mosaic Brands (ASX:MOZ) exercised its right to buy the remaining 49.9% of fellow fashion retailer EziBuy which it did not already own. Mosaic says the buy will bring its annual online sales to $218 million.

MSL (ASX:MSL) announced it was buying hospitality point-of-sale systems business OrderMate for $7.5 million. The company says it expects group revenues to increase to $30.5 million.

American Pacific Borates (ASX:ABR) announced it would be undertaking a direct listing on the NASDAQ. It is targeting late this year or early next year and will change its name to 5E Advanced Materials.

 

TRADING HALTS

Monday

Vimy Resources (ASX:VMY) – project approvals
Wiseway (ASX:WWG) – results lodgement
MSL Solutions (ASX:MSL) – acquisition and capital raising
Sayona Mining (ASX:SYA) – acquisition and capital raising
Tamaska Oil and Gas (ASX:TMK) – resources estimate
Experience Co (ASX:EXP) – rights issue
XTEK (ASX:XTE) – capital raising

Tuesday

Fin Resources (ASX:FIN) – preliminary scoping study works
Woomera Mining (ASX:WML) – capital raising
Adavale Resources (ASX:ADD) – capital raising
Alligator Energy (ASX:AGE) – capital raising
Archer Materials (ASX:AXE) – capital raising
Tietto Minerals (ASX:TIE) – Definitive Feasibility Study
Trigg Mining (ASX:TMG) – release of scoping study
King Island Scheelite (ASX:KIS) – capital raising