The big end of town cooled off a bit to end the week, as mining stocks eased back while the broader ASX200 drifted lower into the close.

It followed two days of strong gains for the ASX200 Materials index, which gained an impressive 7.3% for the month of July, as FY21 trading updates reflected the broader strength in commodity markets through the middle of the year.

The big banks outperformed to finish the week, with the ASX200 Financials index edging higher while most other large indexes finished in the red.

Lagging the pack was the ASX200 Information Technology sector, which fell by more than 2%.

A number of the larger BNPL stocks populated today’s Big Cap Losers list following a sharp selloff.

25 BIG CAP WINNERS

(Stocks highlighted in yellow made market-moving announcements).

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Among stocks with announcements, gains were led by lithium play Liontown Resources (ASX:LTR), which rose more than 8% following the release of its quarterly activity and cash flow report.

Investors responded positively to LTR’s trading update, which said it remains on track to complete a definitive feasibility study at its Kathleen Valley lithium project in WA, before the end of the December quarter.

Also rising strongly was cancer-fighting biotech Telix Pharmaceuticals (ASX:TLX), which got an all-clear from Belgian regulators regarding the development of its radiopharmaceutical production facility.

Zimbabwe-based Zimplats Holdings (ASX:ZIM) also had a solid session, after flagging a 2% production increase in the June quarter and an 8% improvement in per-unit production costs.

25 BIG CAP LOSERS

(Stocks highlighted in yellow made market-moving announcements).

Swipe or scroll to reveal the full table. Click headings to sort.

Among the laggards, there were big falls for online meal delivery service provider Marley Spoon (ASX:MMM).

The company released its 4C filing and June quarter production update after markets closed last night, and investors sent the stock more than 20% lower in Friday trade.

Marley Spoon said it booked net revenues of €80.6m in the June quarter, but flagged compressed margins “due to the adverse operating environment in the US”.

And BNPL play Sezzle (ASX:SZL) led sharp falls across the sector after releasing its quarterly update today.

Sezzle flagged quarterly revenue of $32.3.m from gross transaction volumes of $550.4m, and said its net operating cashflows came in positive at $745,000.

Today also marked the day Sezzle shares came out of a 24-month escrow period, marking two years since the company’s July 2019 listing.