After three straight gains, the ASX 200 lost ground on Thursday as local markets edged lower.

Last weeks iron ore-based selloff in resources has transitioned into a period of volatility on the ASX 200 Materials index, as investors assess the near-term outlook.

Rio Tinto (ASX:RIO) led the big miners lower in Thursday trade while the major banks also struggled for traction.

Amid the usual round of thrills and spills as reporting season continues, there were no other stand-out sectors helping to drag the broader index higher.

BIG CAP WINNERS

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

Wordpress Table Plugin

Large cap gains were led by Dublin-based insurance software company Fineos (ASX:FCL), as investors responded positively to its FY21 results which revealed a 23.3% increase in full-year revenues to €108.3m.

Also leading the reporting season gainers was health company Blackmores (ASX:BKL), which rose to multi-year highs above $90.

Blackmores flagged challenges in the Australian market where revenues fell by 14%, but that was offset by 27.8% revenue lift for its China segment and a focus on costs flowed through to a 51.7% lift in group EBIT to $47.6m.

Rounding out the top three was fashion retailer City Chic Collective (ASX:CCX), as investors sent the stock more than 10% higher following its full-year results which showed a 32.9% in sales revenue to $285.5m, flowing through to a net profit after tax of $21.6m.

BIG CAP LOSERS

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

Wordpress Table Plugin

While there’s been some big moves for large cap tech stocks this week, investors continue to shun one-time market darling Appen (ASX:APX), which fell today following its full-year results and the announcement of a US-based acquisition for $US25m cash up-front.