After a positive Monday to Thursday, the ASX wiped out gains made across the week, losing more than 1% today

The ASX followed a plunge on Wall Street with the ASX 200 closing at 7,324, which was 1.44% lower than yesterday’s close.

While Wall Street was led by tech (after disappointing results from some of the biggest tech firms) it was a very broad sell off down under with all but 3 sectors losing more than 1% and only healthcare in the green – by 0.13%.

Property trusts came out the worst retreating 2.611% while the “best” sector was healthcare which only retreated 0.1%.

All eyes are on the bond market, after the RBA stayed out of the market at the end of this week in connection with its yield curve control (YCC) program on three-year government bonds.

Markets took that as a signal that YCC is coming to an end, and Australian bond yields moves sharply higher across the curve in Friday afternoon trade.

TODAY’S BIGGEST SMALL CAP WINNERS

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

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A later riser in afternoon trade was S2 Resources (ASX:S2R). It more than doubled after revealing it was successful in its bid for a block in the North central Victorian goldfields which were put out to tender.

The company’s block has an an area of 394 square kilometres and surrounds the Forestville gold mine which is operated by Kirkland (ASX:KLA).

Elsewhere, radio and podcast network HT&E (ASX:HT1) settled a tax dispute with the ATO.

Companies climbing off the back of quarterlies included TTA Holdings (ASX:TTA), Applyflow (ASX:AFW) and Powerhouse Ventures (ASX:PVL).

TODAY’S BIGGEST SMALL CAP LOSERS

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

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Marley Spoon (ASX:MMM) fell after its quarterly

Vulcan (ASX:VUL) dropped on the first trading day since it was attacked by short seller J Capital.

ANNOUNCEMENTS YOU MAY HAVE MISSED

LBT Innovations (ASX:LBT) won FDA clearance for its culture plate (lab container) reading technology – the MRSA analysis module. This enables it to be sold commercially in the United States

Crown Resorts (ASX:CWN) capped off a horror week by settling a class action against it – relating to the 2016 imprisonment of employees on China for procuring gamblers – for a total of $125 million including interest and costs. The company said the settlement was a decision made in the best interest of shareholders.

Just over a week since NAB (ASX:NAB) announced ASX tech figurehead James Spenceley would join the board, it told shareholders it now wouldn’t be proceeding. The company said Spenceley “reconsidered his overall commitments after feedback received from proxy advisors, as well as a number of NAB investors”.

Transurban (ASX:TCL) reached financial close on its deal to buy the NSW government’s stake in WestConnex. The deal cost over $11.1 million, partially funded with a new capital raising last month.

Telco stock Field Solutions (ASX:FSG), expanded into Tasmania by snapping up local telco TasmaNet. It will pay approximately $13 million for the telco, which has government and enterprise clients across the Apple Isle.

TRADING HALTS

Monday

Global Lithium Resources (ASX:GL1) – capital raising
Resources & Energy Group (ASX:REZ) – capital raising
Frontier Resources (ASX:FNT) – acquisition
Blackstone Minerals (ASX:BSX) – capital raising
Gateway Mining (ASX:GML) – capital raising
Antisense Therapeutics (ASX:ANP) – European regulator response
Blue Star Helium (ASX:BNL) – capital raising
Santana Minerals (ASX:SMI) – capital raising
Red Dirt Metals (ASX:RDT) – assay results
Patrys (ASX:PAB) – capital raising
Hexima (ASX:HXL) – capital raising

Tuesday

SciDev (ASX:SDV) – capital raising
Field Solutions (ASX:FSG) – acquisition
Mayfield Childcare (ASX:MFD) – acquisition and capital raising
Australian Potash (ASX:APC) – capital raising
S2 Resources (ASX:S2R) – exploration operations update
Sprintex (ASX:SIX) – capital raising
Pioneer Credit (ASX:PNC) – refinancing
Raiden Resources (ASX:RDN) – capital raising
Arizona Lithium (ASX:AZL) – capital raising
Spacetalk (ASX:SPA) – capital raising
Macquarie (ASX:MQG)– capital raising