Here are the Top 25 ASX large cap movers for Tuesday

Most ASX large cap sectors finished in the red today, in a topsy-turvy session which saw the ASX200 fall sharply at the open then claw back ground, before losing steam into the close of trade.

Yesterday’s rotation out of large cap mining & materials stocks continued today, as the ASX200 Resources index finished 2% lower while the Materials index fell more than 1.5%.

Financial stocks also lost ground while in line with the risk-off tone, the ASX200 Consumer Staples index posted its second straight day of gains.

TOP 25 BIG CAP WINNERS

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

It’s been a volatile start to the week for Oil Search (ASX:OSH), which announced the unexpected the shock departure of managing director Keiran Wulff on Monday.

After falling by ~5% yesterday, OSH shares bounced back this morning after fellow oil & gas play Santos (ASX:STO) confirmed it had submitted a non-binding merger proposal late last month.

Investors also sent shares in Tasmania-based iron ore play Grange Resources (ASX:GRR) around 6% higher, after the company provided a trading update where it flagged a quarterly lift in prices received for its pellet production, along with a corresponding decrease in unit costs.

And shares in Telix PHarmaceuticals (ASX:TLX) rose by more than 5% after the company provided an update on the progress of its ZIRCON Phase 3 study “for the imaging of renal cancer with Positron Emission Tomography (PET)”.

Despite significant delays due to the pandemic, TLX said recruitment for the trial is now accelerating and it’s been granted an FDA Breakthrough Therapy designation in the US, “which could potentially grant it an expedited review process”.

TOP 25 BIG CAP LOSERS

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