Here are the Top 25 ASX large cap movers for Thursday

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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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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