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Money moved back into most ASX large cap sectors following yesterday’s sharp selloff.
Amid lingering doubts around the outlook for Chinese steel demand, the big miners bounced back with steady gains across the board in Friday trade.
BHP spinoff South32 (ASX:S32) paced the sector with a gain of more than 5%.
Energy stocks also rose more than 1%, as Santos (ASX:STO) and Oil Search (ASX:OSH) confirmed they are moving ahead with merger plans.
Swipe or scroll to reveal the full table. Click headings to sort.
| Code | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| VUL | Vulcan Energy | 15.89 | 8.7% | 2,020,866 | $1,590,529,742 |
| NIC | Nickel Mines Limited | 1.08 | 8.3% | 16,207,706 | $2,502,453,906 |
| ERA | Energy Resources | 0.33 | 8.2% | 325,001 | $1,125,871,875 |
| LTR | Liontown Resources | 1.135 | 7.6% | 13,770,249 | $2,011,907,330 |
| PPK | PPK Group Limited | 21.65 | 6.9% | 547,326 | $1,808,108,183 |
| NVX | Novonix Limited | 5.90 | 6.5% | 9,340,737 | $2,241,491,667 |
| S32 | South32 Limited | 3.42 | 5.9% | 29,574,407 | $15,076,060,850 |
| AWC | Alumina Limited | 2.17 | 5.9% | 17,204,736 | $5,948,446,905 |
| MIN | Mineral Resources. | 53.15 | 5.6% | 725,579 | $9,502,856,694 |
| LYC | Lynas Rare Earths | 7.10 | 4.4% | 4,094,406 | $6,134,117,269 |
| IGO | IGO Limited | 9.58 | 4.4% | 1,969,388 | $6,951,718,523 |
| NUF | Nufarm Limited | 4.30 | 4.1% | 1,409,631 | $1,569,016,389 |
| INR | Ioneer Ltd | 0.655 | 4.0% | 18,993,076 | $1,199,644,048 |
| ILU | Iluka Resources | 10.00 | 4.0% | 1,162,898 | $4,067,827,467 |
The $15bn South32 didn’t have any news of note, but recouped all of the previous session’s losses after investors sent the ex-dividend stock almost 4% lower on Thursday.
Other large cap movers on the day included a bunch of other resources companies that used to be small-caps, before booking multi-bag returns that saw them push above the $1bn market cap mark.
Among them was lithium developer Liontown Resources (ASX:LTR), which pushed further above $1 — up from 7c in April 2020.
Investor favourite Vulcan Energy (ASX:VUL) was also among today’s winners, jumping by more than 7% to new all-time highs above $15.70 — up from around 80c at this time last year.
And PPK Group (ASX:PPK), whose product suite spans from high-strength Boron Nitride Nanotubes to body armour ballistics to lithium sulphur batteries, also rose more than 7% to new all-time highs above $21. As a small cap back in 2017, the stock traded for around 20c.
Swipe or scroll to reveal the full table. Click headings to sort.
| Code | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| PSI | PSC Insurance Ltd | 3.87 | -7.9% | 7,913 | $1,354,930,114 |
| PNV | Polynovo Limited | 1.92 | -5.4% | 5,270,826 | $1,342,617,729 |
| OBL | Omni Bridgeway Ltd | 3.78 | -5.0% | 2,350,161 | $1,054,623,763 |
| PPM | Peppermoney | 2.49 | -3.9% | 5,563,785 | $1,138,320,302 |
| CNU | Chorus Limited | 6.6 | -2.8% | 247,944 | $3,035,298,962 |
| HSN | Hansen Technologies | 5.44 | -2.5% | 733,845 | $1,118,894,943 |
| IRE | IRESS Limited | 13.65 | -2.4% | 1,398,393 | $2,709,536,361 |
| ZIM | Zimplats Holding Ltd | 23.05 | -2.2% | 13,112 | $2,538,095,763 |
| CWY | Cleanaway Waste Ltd | 2.67 | -2.2% | 4,826,849 | $5,625,951,147 |
| MFG | Magellan Fin Grp Ltd | 40.42 | -2.1% | 1,180,579 | $7,588,844,061 |
| COH | Cochlear Limited | 232.15 | -1.9% | 81,598 | $15,570,027,908 |
| ORI | Orica Limited | 12.505 | -1.7% | 1,115,342 | $5,183,566,619 |
| EBO | Ebos Group Ltd | 32.15 | -1.5% | 9,841 | $5,358,656,202 |
| BET | Betmakers Tech Group | 1.325 | -1.5% | 7,201,602 | $1,152,313,432 |
| PPH | Pushpay Holdings Ltd | 1.76 | -1.4% | 299,444 | $2,034,111,046 |
Leading the laggards was PSC Insurance (ASX:PSI), which confirmed that it’s completed the acquisition of insurance broking firm Alliance Insurance, which it first flagged on August 17.
Also losing ground was medical products group PolyNovo (ASX:PNV), which announced the resignation of its chief operating officer, Dr Anthony Kaye.
Kaye joined the firm from CSL but is now returning to CSL in a more senior role.
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