The ASX 200 plummeted ~2.7% today, with a huge 6% selloff in the Tech sector weighing heavily on the index.

All eleven sectors were in the red, following falls in Wall Street overnight that saw tech heavy Nasdaq slipping by 3.3%.

Recent investor jitters over interest rates were amplified as minutes from the US Fed’s December meeting confirmed that policymakers had outlined plans to lift rates sooner than expected.

In December, the Fed had indicated there would be at least three rate cuts in 2022.

Interest rate sensitive sectors like real estate and consumer discretionary also fell by around 4% in the broad-brushed selloff.

Afterpay (ASX:APT) got belted 10% after its soon-to-be parent, Nasdaq-listed Block Inc, slumped by more than 8% overnight.

Other BNPL plays like Splitit (ASX:SPT) got pummelled as well (down 8.5%), while Zip Co (ASX:Z1P) and Sezzle (ASX:SZL) continued their recent retreat.

 

BIG CAP WINNERS

Swipe or scroll to reveal the full table. Click headings to sort.

Code Name Price % Change Volume Market Cap
VSL Vulcan Steel 10.31 7% 47,221 $1,270,720,891.24
ERA Energy Resources 0.375 6% 195,671 $1,310,441,035.29
APM APM Human Services 2.975 4% 750,900 $2,613,968,546.10
LFS Latitude Group 2 2% 224,439 $2,040,576,922.17
PDN Paladin Energy Ltd 0.935 2% 17,497,139 $2,464,532,774.24
AST AusNet Services Ltd 2.57 1% 2,590,131 $9,766,409,439.30
RIO Rio Tinto Limited 101.05 1% 855,660 $37,299,805,182.72
VNT Ventiaservicesgroup 2.05 0% 192,279 $1,745,188,267.80
CBAPG Cn 3M Per Q Rd T-25 105.74 0% 2,035 $1,436,662,500.00
WSA Western Areas Ltd 3.435 0% 1,765,348 $1,100,019,590.10
CEN Contact Energy Ltd 7.57 0% 584 $1,856,255,159.98
UMG United Malt Group 4.58 0% 495,766 $1,367,248,646.95
Wordpress Table Plugin

Financial group Latitude (ASX:LFS) makes a foray into the BNPL sector after announcing that it intends to buy out Humm Group (ASX:HUM)’s consumer business.

The business segment includes its BNPL, instalments and cards businesses, which is valued at 150 million Latitude shares and $35 million cash.

BIG CAP LOSERS

Swipe or scroll to reveal the full table. Click headings to sort.

Code Name Price % Change Volume Market Cap
PNI Pinnacle Investment 13.75 -13% 793,161 $3,141,858,210.75
CTT Cettire 3.25 -11% 730,031 $1,399,144,267.40
APT Afterpay Limited 71.99 -11% 1,327,268 $23,892,803,998.03
ASM Ausstratmaterials 10.04 -9% 550,851 $1,534,566,066.00
SDR Siteminder 6.29 -8% 122,832 $1,867,010,154.33
ABB Aussie Broadband 4.22 -8% 1,213,957 $1,029,626,974.60
FFX Firefinch Ltd 0.815 -8% 11,994,848 $1,042,650,537.00
WTC Wisetech Global Ltd 53.59 -8% 767,345 $18,966,150,696.56
360 Life360 Inc. 8.44 -7% 700,570 $1,637,142,864.48
SEK Seek Limited 30.81 -7% 358,342 $11,771,385,519.40
PBH Pointsbet Holdings 6.21 -7% 1,208,207 $1,766,114,171.00
PTM Platinum Asset 2.555 -7% 4,193,797 $1,613,366,975.00
NXT Nextdc Limited 11.63 -7% 1,043,216 $5,708,180,537.50
MP1 Megaport Limited 17.44 -7% 355,702 $2,953,787,297.76
NVX Novonix Limited 9.95 -7% 3,520,480 $5,167,580,082.84
CXL Calix Limited 6.27 -7% 354,475 $1,085,657,534.71
LKE Lake Resources 0.955 -7% 10,691,426 $1,252,041,974.13
CDA Codan Limited 8.85 -7% 436,611 $1,714,779,703.80
IMU Imugene Limited 0.365 -6% 22,446,021 $2,248,570,004.46
DHG Domain Holdings Aus 5.16 -6% 333,231 $3,219,292,926.39
REA REA Group 157.29 -6% 66,939 $22,169,269,012.60
NCK Nick Scali Limited 14.65 -6% 142,077 $1,265,220,000.00
Wordpress Table Plugin

Pinnacle Investment Management (ASX:PNI), Australian Strategic Materials (ASX:ASM), and Cettire (ASX:CTT) were the biggest losers today, all going down by around 11% on the back of negative sentiment.

It was the lowest level for Pinnacle since August last year.