After a cold, dark month of September (and part of August … and a bit of October), large cap ASX resources stocks found a bit of shine in Friday trade.

The ASX 200 Materials index led gains amid steady demand across local markets on Friday, after US stocks rose following a long-awaited extension to the fiscal debt ceiling by lawmakers in Washington.

Information Technology stocks also continued their stellar run since Tuesday’s selloff, with no major sector trading in the red.

On global markets, attention will now turn to US jobs data tonight — which could affect the pace at which the US Federal Reserve embarks on its policy tightening initiatives.

BIG CAP WINNERS

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Code Name Price % Change Volume Market Cap
WAF West African Res Ltd 1.255 10.1% 9,639,833 $1,007,648,409
CHN Chalice Mining Ltd 6.27 7.4% 2,946,168 $2,061,158,971
OML Ooh!Media Limited 1.95 7.1% 4,407,644 $1,089,535,489
AX1 Accent Group Ltd 2.45 6.5% 3,842,560 $1,246,293,445
HUB HUB24 Ltd 27.35 5.7% 573,108 $1,775,318,894
MFG Magellan Fin Grp Ltd 33.9 5.6% 1,171,799 $5,945,054,147
360 Life360 Inc. 8.96 5.2% 665,180 $1,316,399,734
SFR Sandfire Resources 5.31 5.1% 3,235,964 $1,768,330,892
TPW Temple & Webster Ltd 12.34 4.8% 349,858 $1,418,935,492
HSN Hansen Technologies 5.88 4.6% 382,013 $1,126,915,695
CRN Coronado Global Res 1.52 4.5% 3,862,707 $2,439,240,177
CCX City Chic Collective 6.49 4.2% 491,960 $1,444,862,136
LSF L1 Long Short Fund 2.85 4.0% 1,175,775 $1,665,797,695
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Financial services heavyweight Magellan Group (ASX:MFG) bounced off recent lows to close near $34 — down from 2021 highs above $55 in July.

$1bn market cap gold play West African Resources (ASX:WAF) rose by almost 9% on Friday, rounding out a weekly again of more than 25% after updating the market on its September quarter gold production numbers on Monday.

Online retail group Temple & Webster (ASX:TPW) was also a solid mover, up 4.8%.

Among stocks with news, Sandfire Resources (ASX:SFR) –which operates the DeGrussa copper-gold mine in WA — rose by 5.1% following the release of its 2021 annual report.

BIG CAP LOSERS

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Code Name Price % Change Volume Market Cap
EML EML Payments Ltd 3.16 -14.6% 20,752,861 $1,380,616,613
ASM Ausstratmaterials 10.22 -5.5% 559,095 $1,508,059,925
CUV Clinuvel Pharmaceut. 40.72 -3.5% 196,797 $2,085,116,264
WHC Whitehaven Coal 3.23 -3.3% 22,939,738 $3,449,031,735
YAL Yancoal Aust Ltd 3.62 -3.2% 382,976 $4,938,443,494
TLX Telix Pharmaceutical 5.59 -2.6% 228,450 $1,636,318,492
SGR The Star Ent Grp 4.28 -2.5% 3,793,245 $4,179,342,382
EBO Ebos Group Ltd 32.73 -2.4% 3,391 $5,506,531,696
DMP Domino Pizza Enterpr 142.18 -2.3% 578,470 $12,600,518,800
MAF MA Financial Group 7.2 -2.3% 48,319 $1,153,684,780
HGH Heartland Group 2.2 -2.2% 22,727 $1,327,127,582
PPK PPK Group Limited 13.37 -2.2% 425,342 $1,220,584,635
ABC Adbri Limited 3.26 -1.8% 2,516,273 $2,166,723,483
SGF SG Fleet Group Ltd 2.93 -1.7% 61,201 $1,019,115,062
APE Eagers Automotive 14.82 -1.7% 535,012 $3,871,981,907
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Large cap falls were led by EML Payments (ASX:EML), which provided an update on its recent dramas with financial regulators in Ireland after markets closed yesterday.

Shares in EML fell by more than 10% at the opening bell this morning, after regulators proposed limits on certain aspects of the operations of the company’s subsidiary, PFS Card Services.

Another laggard was $2bn biopharmaceutical company Clinuvel Pharmaceuticals (ASX:CUV), which lost 3.5% following the release of its annual report.

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