Here are the top ASX large cap movers for Thursday

The ASX 200 lagged the Small Caps index in Thursday trade, dragged lower by what was a brutal session for the big miners.

Iron ore prices tanked back towards US$150/tonne overnight, and the big three miners all slumped by more than 5% in today’s session.

One day after dipping by 2.97%, the ASX 200 Materials index fell by more than 3% in what marked its worst session since May 1, 2020.

The big banks traded flat while the ASX 200 Consumer Discretionary sector outperformed, with a gain of more than 1.5%.

BIG CAP WINNERS

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Code	Name	Price	% Change	Volume	Market Cap
CNU	Chorus Limited	6.89	14.1%	1,413,233	$2,700,030,299
CEN	Contact Energy Ltd	7.85	8.4%	10,694	$1,760,664,837
ASM	Ausstratmaterials	11.89	8.1%	1,107,117	$1,534,566,066
NWL	Netwealth Group	15.355	7.8%	1,563,927	$3,471,749,850
PPK	PPK Group Limited	17.74	7.8%	349,741	$1,465,792,513
SGR	Star Entertainment	3.625	6.9%	6,151,711	$3,227,328,172
EML	EML Payments Ltd	3.83	5.8%	7,095,964	$1,310,622,281
TLX	Telix Pharmaceutical	6.87	5.7%	946,732	$1,830,552,152
IPH	IPH Limited	8.715	5.4%	1,423,769	$1,796,275,972
BRG	Breville Group Ltd	32.42	5.2%	542,206	$4,283,544,987
KGN	Kogan.Com Ltd	12.45	4.8%	1,633,940	$1,265,951,368
APX	Appen Limited	12.18	4.5%	1,767,408	$1,433,822,771
YAL	Yancoal Aust Ltd	2.46	4.2%	107,702	$3,116,237,071
TPW	Temple & Webster Ltd	12.66	4.2%	312,676	$1,463,503,075
HUB	HUB24 Ltd	25.82	4.2%	155,036	$1,693,296,176

Among stocks with news, New Zealand-based telco provider Chorus Ltd (ASX:CNU) led the way with a gain of around 14%.

The stock gained after getting some regulatory clarity from the New Zealand government around its public-private infrastructure project.

The Commerce Commission released a draft decision proposing an initial regulated asset base (RAB) of NZ$5.427 billion for CNU’s fibre business. In March, CNU had proposed a starting base of NZ$5.5bn.

“It’s critical that the true value of our participation in this partnership is recognised so we can keep investing in developing the capability and reliability of fibre broadband for New Zealand,” CEO JB Rousselot said.

Also rising was listed casino group Star Entertainment (ASX:SGR), following the release of its full-year results.

The company reported a $58m net profit and a $211m reduction in net debt, flagging particularly strong growth in the Queensland market.

BIG CAP LOSERS

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Code	Name	Price	% Change	Volume	Market Cap
CDA	Codan Limited	16.24	-7.9%	1,751,846	$3,184,126,793
SGM	Sims Limited	14.95	-7.3%	1,371,229	$3,248,135,654
MIN	Mineral Resources.	52.11	-6.9%	2,142,490	$10,569,214,992
CRN	Coronado Global Res	0.9625	-6.6%	4,192,130	$1,726,747,342
ZIM	Zimplats Holding Ltd	22.95	-6.3%	1,866	$2,637,122,401
BHP	BHP Group Limited	44.77	-6.1%	23,292,407	$140,517,111,494
FMG	Fortescue Metals Grp	20.14	-6.1%	15,587,926	$66,043,797,491
IGO	IGO Limited	8.94	-6.0%	7,439,284	$7,201,616,902
RIO	Rio Tinto Limited	107.04	-5.8%	2,536,017	$42,203,571,370
SFR	Sandfire Resources	6.16	-5.2%	1,046,732	$1,158,633,665
DRR	Deterra	4.18	-5.2%	3,356,652	$2,330,698,794
ORG	Origin Energy	4.19	-4.1%	11,276,954	$7,696,492,380
ORA	Orora Limited	3.53	-3.6%	4,477,095	$3,206,254,366
BSL	BlueScope Steel Ltd	24.33	-3.5%	1,992,852	$12,700,955,310
HMC	Home Consortium	5.8	-3.2%	113,118	$1,737,826,485
GUD	G.U.D. Holdings	10.91	-3.1%	252,259	$1,060,478,589

Leading the laggards was communications, metal detection and mining services company Codan (ASX:CDA).

The stock is up by around 300% from its March 2020 pandemic lows but fell on the release of its full-year results today.

Codan announced record full year revenue and net profit results of $437m and $90.2m respectively, “with the record run rate of FY21 being maintained thus far in the new financial year”.

Among the other reporting season losers was Origin Energy (ASX:ORG), after write-downs contributed to a $2.29bn loss in what was a “challenging” year for the power sector, the company said.