The ASX 200 finished in the red to start the week, after energy stocks got belted following another fall in global oil prices on Friday night.

Demand-side concerns linked to the Delta variant have seen brent crude fall back below US$70/barrel, and the ASX 200 Energy index lost around 3% in Monday trade.

The two largest sectors — financials and resources — also lost ground, with the big four banks all lower while Bendigo & Adelaide Bank (ASX:BEN) slumped by around 10% following its $116m deal to acquire neobank Up.

BIG CAP WINNERS

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Code Name Price % Change Volume Market Cap
GPT GPT Group 4.78 2.6% 4,236,259 $8,926,590,824
CAR Carsales.Com Ltd. 23.41 3.6% 1,844,330 $6,369,625,087
A2M The A2 Milk Company 6.7 12.4% 17,728,153 $4,431,323,510
DOW Downer EDI Limited 6.24 2.8% 3,046,477 $4,227,446,347
MLT Milton Corporation 6.3 2.6% 1,223,714 $4,139,774,435
TYR Tyro Payments 3.47 3.0% 1,567,322 $1,727,179,648
OCL Objective Corp 18.46 2.6% 19,961 $1,696,574,178
TLX Telix Pharmaceutical 6.28 8.3% 954,902 $1,633,415,766
IMU Imugene Limited 0.305 5.2% 9,512,665 $1,537,877,321
ASM Ausstratmaterials 10.68 4.5% 1,094,022 $1,425,751,381
PPK PPK Group Limited 16.55 13.5% 790,777 $1,298,375,142

Among stocks with news, gains were led by real estate investment trust GPT Group (ASX:GPT), which edged higher following the release of its half-year results.

Analysts at UBS said it was a “solid result ahead of expectations”, with leasing of retail space “tracking ahead of expectations as well”.

Online vehicle marketplace carsales.com (ASX:CAR) climbed following the release of its full-year results.

Payments company Tyro (ASX:TYR) also posted a gain following its weekly post-COVID trading update.

BIG CAP LOSERS

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Accompanying the fall in oil prices, two oil & gas plays — Beach Energy (ASX:BPT) and Woodside Petroleum (ASX:WPT) — fell sharply on Monday.

Investors sent Beach almost 10% lower following the release of its full-year results presentation, while Woodside responded to media speculation by advising that it’s “engaged in discussions with BHP regarding a potential merger involving BHP’s entire petroleum business through a distribution of Woodside shares to BHP shareholders”.

Development firm LendLease (ASX:LLC) also fell sharply following the release of its full-year results.

UBS said LLC’s guidance indicates “FY22 will be a transition year. The market will like cost savings, but will be disappointed by ROE (return on equity) targets not being met until approximately FY24”.