The winning streak for local stocks ran out of steam today, as all the major ASX200 indexes dipped into the red.

After two straight days of >1% gains, the ASX200 Materials index (mining) dipped by around 0.70% in Wednesday trade.

The ASX200 Energy index has been no a rollercoaster so far this week, and today fell by more than 1% — offsetting gains of a similar amount on Tuesday.

In a relatively flat session across Asian markets, the ASX200 financials index finished around 0.80% lower with all of the major banks in the red.

25 BIG CAP WINNERS

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

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Code Name Price % Change Volume Market Cap
CMM Capricorn Metals 2.25 22.6% 4,450,227 $642,285,744
KED Keypath Education 3.8 10.1% 15,095 $718,369,712
PGH Pact Group Hldgs Ltd 3.84 9.4% 776,258 $1,207,417,518
SKI Spark Infrastructure 2.74 5.4% 11,414,348 $4,562,881,128
ORA Orora Limited 3.59 3.2% 3,257,498 $3,048,569,725
SM1 Synlait Milk Ltd 3.55 2.9% 32,473 $754,106,730
SKC Skycity Ent Grp Ltd 3.11 2.6% 536,048 $2,303,421,783
SIG Sigma Health Ltd 0.625 2.5% 1,095,655 $646,158,614
MMS McMillan Shakespeare 12.81 2.4% 103,061 $968,037,649
VCX Vicinity Centres 1.515 2.4% 12,957,522 $6,737,367,530
SXL Sthn Cross Media 1.95 2.4% 633,715 $503,327,721
WTC Wisetech Global Ltd 31.24 2.4% 547,544 $9,917,004,847
CMW Cromwell Prop 0.88 2.3% 4,057,491 $2,251,024,781
FCL Fineos Corp Hold PLC 3.96 2.3% 292,125 $1,167,488,473
DEG De Grey Mining 1.165 2.2% 5,312,846 $1,473,355,450
RMD ResMed Inc. 35.56 2.2% 1,433,188 $14,286,167,340
GEM G8 Education Limited 0.965 2.1% 2,523,809 $800,783,848
COF Centuria Office REIT 2.46 2.1% 1,440,105 $1,239,999,965
RDC Redcape Hotel Group 0.99 2.1% 154,511 $535,629,339
FDV Frontier Digital Ltd 1.5 2.0% 774,986 $504,214,370
SCG Scentre Grp 2.55 2.0% 17,565,982 $12,975,945,848
DUI Diversified United 5.2 2.0% 100,543 $1,085,716,183
HLS Healius 4.85 1.9% 8,397,186 $2,966,100,252
APE Eagers Automotive 15.99 1.8% 891,354 $4,033,849,764

Capricorn Metals (ASX:CMM) led the way for larger cap stocks (defined here as stocks with a market cap north of $500m), with a healthy 22.6% gain.

Investors applauded the company’s decision to acquire the Mt Gibson gold project in WA’s Murchison region.

Capricorn has completed a JORC 2012 compliant Inferred Mineral Resource Estimate of 2,083,000 ounces of gold at Gibson, and said it snapped up the project at a cost of less than $20 per resource ounce “plus a 1% NSR royalty (for gold production in excess of 90,000 ounces)”.

Electricity group Spark Infrastructure (ASX:SKI) gained 5%, after advising that the Ontario Teachers’ Pension Plan Board and private equity group Kohlberg Kravis Roberts & Co had sweetened their offer for a takeover.

And salary packaging group McMillan Shakespeare (ASX:MMS) also finished on the winner’s list after investors responded positively to its FY21 trading update.

25 BIG CAP LOSERS

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

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Code Name Price % Change Volume Market Cap
NIC Nickel Mines Limited 1.045 -11.1% 20,311,940 $2,955,159,135
CXL Calix Limited 2.97 -7.5% 413,811 $509,023,131
AMI Aurelia Metals Ltd 0.375 -7.4% 18,121,538 $500,069,649
MGX Mount Gibson Iron 0.91 -7.1% 5,910,980 $1,164,220,672
CEN Contact Energy Ltd 7.7 -6.9% 10,008 $2,011,146,161
RBL Redbubble Limited 3.78 -6.7% 1,522,331 $1,108,161,903
NWL Netwealth Group 15 -6.7% 542,341 $3,917,908,714
VGL Vista Group Int Ltd 2.06 -6.4% 23,401 $503,392,586
GNE Genesis Energy Ltd 3.25 -5.5% 2,511 $3,589,876,159
SPL Starpharma Holdings 1.285 -5.5% 1,629,525 $552,266,115
PNV Polynovo Limited 2.12 -5.4% 4,150,704 $1,481,509,219
NTO Nitro Software Ltd 3.27 -5.2% 1,228,574 $687,767,429
MIR Mirrabooka Investments 3.71 -4.6% 73,780 $681,503,190
PBH Pointsbet Holdings 11.29 -4.5% 1,393,853 $2,459,148,932
APX Appen Limited 11.5 -4.4% 1,550,687 $1,480,591,239
MMM Marley Spoon 2.73 -4.2% 127,843 $729,671,250
LOV Lovisa Holdings Ltd 15.3 -3.8% 184,383 $1,708,608,371
PPK PPK Group Limited 13.37 -3.7% 172,534 $1,236,929,405
TLX Telix Pharmaceutical 5.06 -3.6% 273,304 $1,478,522,892
APT Afterpay Limited 99 -3.6% 1,474,150 $29,744,324,823
BWX BWX Limited 4.94 -3.5% 156,405 $723,492,987
NXT Nextdc Limited 12.43 -3.5% 1,394,773 $5,870,743,400
UNI Universal Store 6.75 -3.4% 94,265 $511,638,894
CCX City Chic Collective 5.36 -3.4% 909,184 $1,269,080,971
MFG Magellan Fin Grp Ltd 50.46 -3.4% 748,872 $9,599,547,719

Nickel Mines’ (ASX:NIC) trading update showed it booked quarterly production of 10,143 tonnes of nickel metal with a 15.4% uplift in free cash flow to $57.7m, but investors wanted more as the stock closed more than 10% lower.

Reporting season also proved fruitless for Mount Gibson Iron (ASX:MGX), which fell ~7% following its quarterly production update.

MGX “advanced its development and production plans during the June quarter and despite increasing COVID-related labour and cost pressures, finished the financial year in a robust position”, CEO Peter Kerr said.