Well, the Boomers gave Aussie basketball fans a small glimmer of hope at the Olympics today, going up 41-26 before the mighty USA squad laid the smackdown for a comfortable victory.
Elsewhere, hopes are fading that NSW has even half a chance of getting on top of its COVID-19 outbreak, as the Delta variant races all over the state. Victoria is set for a snap one-week lockdown as well after new cases emerged.
With plenty of news about, it was a flat session at the big end of town as the ASX200 finished 0.11% higher.
The mining sector gave back yesterday’s gains as the ASX200 Materials index fell by 1.3%, but the big banks helped drag the index higher as the ASX200 Financials index rose by 0.68%.
There were also gains for the consumer sectors (discretionary and staples) as Australia’s major east coast markets remain stuck at home indefinitely.
BIG CAP WINNERS
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| Code | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| PNI | Pinnacle Investment | 14.85 | 9.0% | 1,404,746 | $2,597,659,988 |
| OCL | Objective Corp | 18.45 | 4.8% | 69,033 | $1,658,366,530 |
| HTA | Hutchison | 0.115 | 4.5% | 26,678 | $1,492,975,943 |
| JIN | Jumbo Interactive | 17.18 | 4.1% | 136,781 | $1,030,404,491 |
| NHF | NIB Holdings Limited | 7.43 | 3.1% | 625,867 | $3,300,321,284 |
| MGF | Magellan Global Fund | 1.9 | 2.7% | 1,580,454 | $3,142,321,785 |
| LTR | Liontown Resources | 0.96 | 2.7% | 13,201,301 | $1,775,485,749 |
| JHX | James Hardie Indust | 47.36 | 2.5% | 1,304,410 | $20,529,837,728 |
| URW | Unibailrodawestfield | 5.87 | 2.4% | 458,346 | $1,154,065,090 |
| PSI | Psc Insurance Ltd | 3.5 | 2.3% | 45,777 | $1,102,054,569 |
| CAR | Carsales.Com Ltd. | 22.41 | 2.3% | 976,964 | $6,175,068,146 |
| KGN | Kogan.Com Ltd | 11 | 2.3% | 1,132,762 | $1,145,536,802 |
| ALL | Aristocrat Leisure | 42.08 | 2.3% | 1,098,185 | $26,276,091,773 |
Among stocks with announcements, gains were led by government software company Objective Corp (ASX:OCL), which released its FY21 investor presentation this morning.
The $1.6bn company flagged net profits after tax of $16m on revenue of $95m, as it posted its seventh straight year of growth in subscription revenues which rose to $70m.
The company works with over 1,000 government organisations, as well as financial services firms such as big banks and super funds.
BIG CAP LOSERS
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| Code | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| CHN | Chalice Mining Ltd | 7.22 | -5.6209 | 5267034 | 2698829577 |
| BWP | BWP Trust | 4.01 | -2.1951 | 1773125 | 2633773592 |
| DDR | Dicker Data Limited | 13.62 | -3.1294 | 212454 | 2429284480 |
| CRN | Coronado Global Res | 0.945 | -4.0609 | 2359479 | 1651306924 |
| TLX | Telix Pharmaceutical | 5.3 | -2.7523 | 267726 | 1534847574 |
| ING | Inghams Group | 3.71 | -2.8796 | 1269483 | 1419816076 |
| EML | EML Payments Ltd | 3.73 | -2.8646 | 2198029 | 1389982644 |
| GUD | G.U.D. Holdings | 11.7 | -3.3058 | 656542 | 1139590669 |
| FCL | Fineos Corp Hold PLC | 3.55 | -3.5326 | 334772 | 1110169917 |
| IDX | Integral Diagnostics | 5.18 | -2.2642 | 667950 | 1052732099 |
| OML | Ooh!Media Limited | 1.625 | -4.4118 | 2239652 | 1017697984 |
| ERA | Energy Resources | 0.26 | -1.8868 | 82265 | 978216547.5 |
| SHV | Select Harvests | 7.79 | -3.8272 | 187259 | 973817397 |
| CTT | Cettire | 2.13 | -4.0541 | 739609 | 846348848.4 |
| NXL | Nuix Limited | 2.55 | -1.9231 | 1546043 | 825018464.4 |
Fortescue Metals (ASX:FMG) led the laggards with a 3.4% drop, as the stock fell back from recent highs amid a broader selloff in the resources sector.
In afternoon trade, the company advised that it has suspended some operations Cloudbreak mine site to carry out testing after a worker on-site in the the last week of July returned a positive COVID-19 result.