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Well, that was ugly.
The ASX 200 closed the week with a healthy round of jitters on Friday, slumping by 1.73% with heavy falls across all the major sectors.
Oil & gas stocks got off to a bad start, and the ASX 200 Energy index ended up tanking by 4.56%, as Europe lockdowns and COVID-19 variant scares out of South Africa poured cold water on optimism surrounding the global reopening trade.
Elsewhere, large cap banking and technology stock indexes fell by around 2%, with similar declines for the big miners.
There was a hefty risk-off tone across the board as the Aussie dollar got thumped, with US stock futures down more than 1% heading into the Friday session on Wall Street.
Swipe or scroll to reveal the full table. Click headings to sort.
| Code | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| MGH | Maas Group Holdings | 4.72 | 7.3% | 887,386 | $1,268,647,996 |
| ZIM | Zimplats Holding Ltd | 22.19 | 3.5% | 4,018 | $2,307,751,195 |
| WAF | West African Res Ltd | 1.335 | 2.7% | 3,062,774 | $1,281,347,747 |
| IAP | Irongate Group | 1.605 | 2.2% | 787,772 | $1,013,139,352 |
| JIN | Jumbo Interactive | 17.1 | 1.3% | 268,599 | $1,054,295,868 |
| EVN | Evolution Mining Ltd | 4.11 | 1.2% | 7,121,631 | $7,441,733,331 |
| DEG | De Grey Mining | 1.265 | 1.2% | 2,454,039 | $1,758,029,406 |
| SLR | Silver Lake Resource | 1.705 | 1.2% | 3,570,449 | $1,491,892,754 |
| GOLD | ETFS GOLD | 234.74 | 1.2% | 32,868 | $1,309,955,897 |
Large cap leaders were few and far between, with only 10 stocks making Stockhead’s winner’s list.
Leading the pack was diversified construction company Maas Group Holdings (ASX:MGH), which rose more than 7% on no news.
Mid-size gold plays were also popular, as the $1.2bn West African Resources (ASX:WAF) rose by 2.7%, with similar gains for WA-based De Grey Mining (ASX:DEG).
Swipe or scroll to reveal the full table. Click headings to sort.
| Code | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| QAN | Qantas Airways | 5 | -5.5% | 11,585,334 | $9,977,176,452 |
| OSH | Oil Search Ltd | 3.99 | -5.5% | 6,668,020 | $8,768,529,802 |
| MCY | Mercury NZ Limited | 5.51 | -6.1% | 46,789 | $7,996,706,477 |
| MFG | Magellan Fin Grp Ltd | 32 | -5.8% | 926,226 | $6,306,813,616 |
| YAL | Yancoal Aust Ltd | 2.6 | -8.8% | 423,228 | $3,763,252,395 |
| FLT | Flight Centre Travel | 17.14 | -7.5% | 3,929,601 | $3,695,947,171 |
| CTD | Corp Travel Limited | 21.62 | -5.8% | 598,732 | $3,140,875,081 |
| AVZ | AVZ Minerals Ltd | 0.615 | -6.8% | 24,848,924 | $2,123,993,969 |
| SDR | Siteminder | 5.85 | -9.2% | 398,191 | $1,740,363,632 |
| KLS | Kelsian Group Ltd | 6.46 | -5.4% | 997,011 | $1,491,665,498 |
| APX | Appen Limited | 9.45 | -18.8% | 5,994,373 | $1,432,592,022 |
| CCX | City Chic Collective | 5.68 | -7.2% | 684,651 | $1,419,350,926 |
| HSN | Hansen Technologies | 5.35 | -6.1% | 447,718 | $1,142,957,200 |
| CXL | Calix Limited | 6.6 | -6.1% | 672,942 | $1,132,055,965 |
| OML | Ooh!Media Limited | 1.65 | -6.3% | 1,729,962 | $1,053,616,736 |
| PEB | Pacific Edge | 1.19 | -6.3% | 14,323 | $1,027,951,772 |
| WSA | Western Areas Ltd | 2.92 | -7.0% | 2,138,412 | $1,009,959,507 |
Is the post-COVID tide for high-growth ASX tech stocks officially going out this time?
We don’t know for sure, but amid today’s sea of red former market darling Appen (ASX:AHX) had a horrid time, slumping almost 20% on no news to $9.45 — well off its post-COVID highs above $40.
Also coming in for some rough treatment was the large cap travel cohort, as lingering virus fears dimmed sentiment
Qantas (ASX:QAN) fell by more than 5%, while Flight Centre (ASX:FLT) slumped 7.5%.
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