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