Here are the top ASX large cap movers for Friday
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News
The ASX 200 closed Friday’s trading lower by 0.38%, but was still up 1.6% for the week.
The local market was relatively quiet today as nervous investors awaited the key US CPI data to be released tonight (US time).
Investors could be bracing themselves for the highest US CPI reading in 40 years, with headline inflation tipped to reach 6.7% Y-o-Y, and core inflation to 4.9%.
October’s reading saw headline CPI at 6.2% and core inflation at 4.6%.
On the ASX, Healthcare, Energy and Tech sectors were the biggest movers, all down by more than 1%.
In corporate news, Fortescue Metals (ASX:FMG) announced the resignation of CEO Elizabeth Gaines. Gaines is reportedly stepping aside to make way for an executive with renewables energy experience, as Fortescue is positioning itself to become a major green play.
Meanwhile, Oil Search (ASX:OSH) and Santos (ASX:STO) have today completed their $23 billion merger where Santos will acquire all the shares of Oil Search. The new Santos shares will begin trading on December 20th.
Elsewhere in Asia, credit rating agency Fitch has declared Evegrande to be in default as the Chinese company failed to make two coupon payments.
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Code | Name | Price | % Change | Volume | Market Cap |
---|---|---|---|---|---|
EBO | Ebos Group Ltd | 36.31 | 4.6 | 57872 | $ 5,697,273,979.00 |
ILU | Iluka Resources | 9.42 | 7 | 2680520 | $ 3,715,716,562.76 |
LTR | Liontown Resources | 1.64 | 7 | 11829344 | $ 3,353,062,680.43 |
NHF | NIB Holdings Limited | 7.1 | 4.8 | 804959 | $ 3,103,761,980.15 |
TLX | Telix Pharmaceutical | 7.97 | 6 | 902694 | $ 2,138,046,810.00 |
WAF | West African Res Ltd | 1.39 | 6 | 8630316 | $ 1,337,213,736.95 |
INR | Ioneer Ltd | 0.675 | 8 | 7043849 | $ 1,281,592,749.38 |
AX1 | Accent Group Ltd | 2.48 | 6 | 2379625 | $ 1,267,968,113.10 |
TPW | Temple & Webster Ltd | 10.77 | 7 | 1237468 | $ 1,212,960,984.96 |
JIN | Jumbo Interactive | 19.19 | 6 | 332345 | $ 1,129,245,810.88 |
CMM | Capricorn Metals | 3.1 | 7 | 2313099 | $ 1,077,588,810.03 |
EBOS Group (ASX:EBO) announced the successful completion of its placement of approximately NZ$674 million / A$642 million to partly fund the acquisition of LifeHealthcare.
EBOS is acquiring LifeHealthcare, one of the largest independent distributors of third party medical devices and manufactured allograft material in Australia, New Zealand and South East Asia, for approximately $1.167 billion.
Telix Pharma (ASX:TLX) announced that its regulatory submission in Europe for Illuccix (TLX591-CDx) has successfully progressed to the final stage of assessment.
An approval decision is expected to be provided no later than 23 March, 2022.
Retail ecommerce platform Redbubble (ASX:RBL) is up 7% on no news.
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Code | Name | Price | % Change | Volume | Market Cap |
---|---|---|---|---|---|
APT | Afterpay Limited | 95.89 | -4 | 740372 | $ 29,105,187,701.31 |
RMD | ResMed Inc. | 36.63 | -3 | 691368 | $ 15,549,898,788.00 |
OSH | Oil Search Ltd | 4.04 | -2 | 36719961 | $ 8,602,301,748.96 |
MEZ | Meridian Energy | 4.42 | -3 | 71772 | $ 5,748,669,199.20 |
Z1P | Zip Co Ltd. | 4.95 | -2 | 5797243 | $ 2,985,392,861.88 |
WHC | Whitehaven Coal | 2.4 | -4 | 9027994 | $ 2,581,610,580.00 |
ZIM | Zimplats Holding Ltd | 22.5 | -3 | 1715 | $ 2,486,429,691.90 |
JDO | Judo Cap Holdings | 2.15 | -2 | 577435 | $ 2,432,114,020.60 |
CIA | Champion Iron Ltd | 4.62 | -3 | 1366963 | $ 2,400,771,492.24 |
AVZ | AVZ Minerals Ltd | 0.59 | -9 | 58623179 | $ 2,123,096,886.60 |
OCL | Objective Corp | 19.46 | -2 | 28834 | $ 1,885,127,788.95 |
29M | 29Metalslimited | 2.65 | -3 | 1388267 | $ 1,311,642,150.00 |
UMG | United Malt Group | 4.16 | -4 | 648754 | $ 1,292,453,863.20 |
ERA | Energy Resources | 0.33 | -3 | 161453 | $ 1,255,070,287.32 |
IAP | Irongate Group | 1.585 | -4 | 2139931 | $ 1,067,990,845.30 |
CXL | Calix Limited | 6.24 | -4 | 348753 | $ 1,048,554,825.50 |
BNPL stocks Afterpay (ASX:APT) and Zip Co (ASX:Z1P) fell 3-4% on the back of falling sentiment on Tech stocks, with Nasdaq also tumbling by 1.7% overnight.