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Here are the top ASX large cap movers for Thursday
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The ASX 200 posted its third straight losing session on Thursday with a fall of 0.38%.
Local stocks were unable to find their mojo even after strong gains across all the major US indices, following the US Fed policy announcement overnight.
With the Fed now expected to raise rates three times in 2022, ASX banking stocks started strongly before losing ground to eke out a 0.11% gain.
The only major outlier was tech, as the ASX Information Technology index took the baton from a +2% gain on the Nasdaq to finish 2.26% higher.
Large cap resources stocks drifted sideways while the ASX 200 Energy index finished more than 1% lower.
BIG CAP WINNERS
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| Code | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| PDN | Paladin Energy Ltd | 0.84 | 11.3% | 34,119,133 | $2,022,524,179 |
| LFG | Liberty Fin Group | 5.8 | 8.4% | 44,894 | $1,624,260,000 |
| WTC | Wisetech Global Ltd | 59.38 | 6.9% | 774,577 | $18,056,662,931 |
| MAQ | Macquarie Telecom Gp | 68.05 | 6.7% | 14,045 | $1,371,526,273 |
| ERA | Energy Resources | 0.34 | 6.3% | 30,480 | $1,181,242,623 |
| NVX | Novonix Limited | 9.3 | 5.6% | 3,402,251 | $4,262,769,713 |
| PSI | Psc Insurance Ltd | 4.75 | 5.6% | 32,321 | $1,460,883,263 |
| WSA | Western Areas Ltd | 3.42 | 5.6% | 6,647,909 | $1,042,123,822 |
| LIC | Lifestyle Communit. | 21.66 | 5.4% | 426,318 | $2,148,402,442 |
| HLS | Healius | 5.28 | 5.0% | 6,956,205 | $3,134,482,537 |
| FCL | Fineos Corp Hold PLC | 4.29 | 4.9% | 136,160 | $1,304,434,997 |
| TPW | Temple & Webster Ltd | 10.59 | 4.7% | 313,464 | $1,217,779,102 |
| MAF | MA Financial Group | 8.84 | 4.6% | 460,340 | $1,322,745,779 |
| HMCDA | Homeco Limited | 7.6 | 4.5% | 20,398 | $2,110,236,401 |
| NHC | New Hope Corporation | 2.09 | 4.5% | 2,242,002 | $1,664,714,164 |
| ASM | Ausstratmaterials | 11.25 | 4.5% | 470,200 | $1,502,479,685 |
Among ASX stocks with a market cap of $1bn or more, uranium player Paladin Energy (ASX:PDN) bounced off recent lows to climb by more than 11% on no news.
~$18bn logistics technology group Wisetech Global (ASX:WTC) also rose strongly to close at new all-time highs above $59, as the stock consolidates the gains from its ~$30 trading range in the first half of the year.
$3bn healthcare company Healius (ASX:HLS) was another company to rise by more than 5%, also on no news.
In resources, leading the pack was nickel player Western Areas (ASX:WSA), after suitor IGO (ASX:IGO) secured control of the company with a $1.1bn bid following months of negotiations.
Listed bookmaker PointsBet Holdings (ASX:PBH) was also among today’s leaders, after announcing the launch of its online and mobile sports betting operations in Virginia — the 8th US state where PBH has secured a license to operate.
BIG CAP LOSERS
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| Code | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| CSL | CSL Limited | 273 | -8.2% | 4,486,106 | $135,457,456,995 |
| FPH | Fisher & Paykel | 30 | -2.7% | 666,339 | $17,801,954,138 |
| BSL | BlueScope Steel Ltd | 21.36 | -2.5% | 3,148,682 | $10,830,670,916 |
| CNU | Chorus Limited | 6.52 | -2.8% | 891,151 | $3,025,385,468 |
| GNE | Genesis Energy Ltd | 2.66 | -2.6% | 24,053 | $2,848,942,417 |
| VUK | Virgin Money Uk PLC | 2.95 | -4.2% | 4,311,051 | $2,716,069,002 |
| CIA | Champion Iron Ltd | 4.7 | -6.0% | 3,478,285 | $2,532,459,380 |
| LFS | Latitude Group | 1.905 | -4.3% | 84,974 | $2,066,538,461 |
| BFL | Bsp Financial Group | 4 | -5.7% | 2,159 | $1,981,027,314 |
| 360 | Life360 Inc | 10.35 | -5.5% | 1,551,680 | $1,935,960,745 |
| INR | Ioneer Ltd | 0.815 | -4.1% | 20,678,347 | $1,742,966,139 |
| DEG | De Grey Mining | 1.085 | -5.7% | 5,909,116 | $1,617,387,054 |
| PTM | Platinum Asset | 2.62 | -2.6% | 3,296,834 | $1,578,166,241 |
| WAF | West African Res Ltd | 1.295 | -3.0% | 14,025,242 | $1,362,733,083 |
$135bn healthcare major CSL (ASX:CSL) fell sharply, after completing a $6.3bn cap raise for the acquisition of Swiss’ Vifor Pharma in a US$11.7bn deal.
