The ASX 200 edged 0.26% lower after trading flat at lunch time, despite stronger than expected employment numbers.

All sectors were in the red, except for Utilities and Materials.

Australia’s unemployment rate fell to 4.9%, with 29,100 jobs added in June, compared to an increase of 115,200 in May.

Shares in Buy-now-pay-later stocks (BNPL) plays Afterpay (ASX:APT) and Zip Co (ASX:Z1P) remained under pressure today, after announcements from Apple and Paypal led to the stocks plunging by 10% yesterday.

In today’s trading, APT lost another 2%, while Zip dropped 4.5%.

Sydney Airport (ASX:SYD) has rejected the $22 billion takeover bid from an investment consortium, saying the offer “is not in the best interest of shareholders.” Its share price was unchanged today.

The Seven Group (ASX:SVW) acquisition of Boral (ASX:BLD) is likely to go ahead, after Seven crossed the 50% threshold requirement, increasing its stake to 52.65%. Both stocks rose by around 1%.

TOP 25 BIG CAP WINNERS

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Code Name Price % Change Volume Market Cap
BGL Bellevue Gold Ltd 1.125 9.2233 4907052 884551016.9
ARB ARB Corporation. 44.38 7.224 899717 3374686672
SBM St Barbara Limited 1.98 7.027 6260953 1309844010
MAQ Macquarie Telecom Gp 67.39 6.126 8459 1365077090
SKI Spark Infrastructure 2.63 6.0484 23680385 4352286614
SZL Sezzle Inc. 8.37 5.1508 1852704 824646917.6
MGH Maas Group Holdings 5 5.042 237306 1312593805
NVX Novonix Limited 2.77 4.9242 4290208 1068147654
WHC Whitehaven Coal 2.07 4.5455 9394471 2044635579
NWL Netwealth Group 16.95 4.0516 595778 3971545299
CSR CSR Limited 5.54 3.94 3643296 2587090196
PWR Peter Warren 3.5 3.8576 48922 561291034.1
PGH Pact Group Hldgs Ltd 3.62 3.7249 336399 1200537647
CIA Champion Iron Ltd 6.82 3.6474 2361634 3332218359
YAL Yancoal Aust Ltd 2.14 3.3816 14354 2733309635
RBL Redbubble Limited 3.67 3.3803 1913105 971351791.7
RSG Resolute Mining 0.62 3.3333 4711422 662335623.6
GRR Grange Resources. 0.805 3.2051 5135945 902724184.4
SLR Silver Lake Resource 1.84 3.0812 5369355 1573611937
ASM Ausstratmaterials 7.37 3.0769 776134 997467942.9
PRN Perenti Global Ltd 0.84 3.0675 3866285 574000605.1
IMU Imugene Limited 0.34 3.0303 5244500 1646890333
WAF West African Res Ltd 1.08 2.8571 5517012 927423342.3
BSL BlueScope Steel Ltd 22.49 2.8349 1959666 11018242469
RMS Ramelius Resources 1.815 2.8329 4084647 1436740474
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Spark Infrastructure (ASX:SKI) rose by 6% after receiving a takeover offer from Ontario Teachers’ Pension Plan Board and KKR for $2.70. The SKI stock price closed at $2.62.

Motor vehicles accessories specialist ARB Corp (ASX:ARB) rose 7.5% after announcing a market update after hours yesterday. The company booked a revenue of $623 million for FY21 which represents growth of 33.9% compared with the prior year.

Bellevue Gold (ASX:BGL) rose by 9% after receiving debt funding proposals for the Bellevue Gold Project from 12 leading domestic and offshore financial institutions, with non-binding offers up to $289m (ranging between $170m and $289m).

Sezzle (ASX:SZL) rose by 5% after saying that US-based Discover will be investing US$30 million into Sezzle, based on a per share purchase price of US$6.58.

 

TOP 25 BIG CAP LOSERS

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Code Name Price % Change Volume Market Cap
VUL Vulcan Energy 9.2 -9.8039 2210542 1109342953
PNV Polynovo Limited 2.1 -8.6957 6773540 1521192501
INR Ioneer Ltd 0.39 -8.2353 8398390 809174816.6
Z1P Zip Co Ltd. 6.91 -5.6011 19477654 4114831845
NXL Nuix Limited 2.5 -4.943 3013569 834537908.2
CCP Credit Corp Group 28.35 -4.7059 301175 2002644068
A2M The A2 Milk Company 6.81 -4.4881 12024650 5300518933
HTA Hutchison 0.11 -4.3478 81280 1560838486
KED Keypath Education 3.28 -4.0936 81804 712123019.1
INA Ingenia Group 5.87 -4.085 1831685 2006606971
PBH Pointsbet Holdings 12.01 -3.8431 1190952 2594658349
EBO Ebos Group Ltd 29.84 -3.6798 19311 5085802362
APX Appen Limited 12.44 -3.3411 967314 1583974169
CTD Corp Travel Limited 20.57 -3.291 502115 2901770725
NAN Nanosonics Limited 5.33 -3.2668 976256 1661072255
BET Betmakers Tech Group 1.05 -3.2258 4909144 881909195.5
MSB Mesoblast Limited 1.985 -3.1707 2315460 1329826944
OBL Omni Bridgeway Ltd 3.51 -3.0387 369187 949093312.3
CNU Chorus Limited 5.76 -3.0303 665344 2655327811
MYX Mayne Pharma Ltd 0.325 -2.9851 1402551 591221653.6
SPL Starpharma Holdings 1.36 -2.8571 337825 568509236.4
WEB Webjet Limited 4.83 -2.8169 3109826 1883678800
NEA Nearmap Ltd 2.16 -2.7027 2748705 1102098299
CIM Cimic Group Ltd 19.2 -2.6369 439994 6138762760
SCG Scentre Grp 2.6 -2.6217 11476878 13858310165
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