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

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Code Name Price % Change Volume Market Cap
FCL Fineos Corp Hold PLC 4.25 15.5% 1,331,164 $1,110,169,917
BKL Blackmores Limited 92.09 15.4% 243,953 $1,545,190,160
CCX City Chic Collective 6.04 10.4% 1,911,081 $1,250,787,912
HMC Home Consortium 6.46 8.4% 1,389,971 $1,729,122,847
OCL Objective Corp 19.82 6.1% 91,107 $1,760,666,980
360 Life360 Inc. 9.3 5.3% 1,048,768 $1,343,812,455
WHC Whitehaven Coal 2.33 5.0% 20,716,139 $2,292,470,195
IMU Imugene Limited 0.34 4.6% 18,134,493 $1,730,077,047
PPM Peppermoney 2.8 4.5% 162,863 $1,177,875,833
TYR Tyro Payments 3.74 4.5% 7,654,234 $1,834,808,053
AEF Australian Ethical 9.52 4.0% 370,213 $1,028,342,313
ILU Iluka Resources 9.27 4.0% 2,050,500 $3,767,603,194
FLT Flight Centre Travel 17.01 4.0% 5,566,957 $3,259,817,792
TPW Temple & Webster Ltd 13.31 3.7% 203,724 $1,546,615,596
LOV Lovisa Holdings Ltd 20 3.6% 887,986 $2,073,971,168
QAN Qantas Airways 5.04 3.5% 26,869,168 $9,185,037,679
GOZ Growthpoint Property 4.24 3.2% 1,153,104 $3,172,395,548

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

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Code Name Price % Change Volume Market Cap
APX Appen Limited 10.86 -21.4% 9,979,903 $1,700,895,339
LNK Link Admin Hldg 4.5 -12.6% 10,447,527 $2,761,564,786
A2M The A2 Milk Company 6.05 -11.8% 27,500,491 $5,100,483,100
IFL IOOF Holdings Ltd 4.55 -10.4% 10,483,932 $3,298,567,728
JIN Jumbo Interactive 16.42 -10.2% 604,657 $1,141,563,278
PTM Platinum Asset 3.94 -9.6% 5,000,311 $2,557,920,004
ORE Orocobre Limited 8.77 -7.9% 6,142,700 $6,063,804,879
REH Reece Limited 20.64 -7.4% 1,539,564 $14,405,447,236
AUB AUB Group Ltd 23.66 -6.8% 236,450 $1,888,361,008
BET Betmakers Tech Group 1.14 -6.6% 11,068,802 $1,045,221,105
NVX Novonix Limited 4.1 -5.5% 3,930,135 $1,755,970,007
WOR Worley Limited 10.47 -5.3% 3,951,481 $5,774,134,326
CGC Costa Group Holdings 3.24 -4.4% 4,633,928 $1,574,243,525
JBH JB Hi-Fi Limited 46.06 -4.4% 813,574 $5,532,783,196
PNV Polynovo Limited 2.04 -4.2% 4,072,439 $1,408,756,534
PLS Pilbara Min Ltd 2.215 -4.1% 12,031,350 $6,779,432,350

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.