Here are the top ASX large cap movers for Tuesday

asx large caps GMG

The Australian stock market quietly dipped into the red today, down by 0.7% with the Melbourne Cup and RBA taking centre stage.

Whilst Verry Elleegant was taking the lap of honours at Flemington, the RBA announced that it will stick to the cash rate target of 0.1% for the time being.

The local bourse had opened nervously in the red this morning despite record levels on Wall Street overnight, as traders waited anxiously for the RBA decision.

Real Estate was the outperformer today, up by 1,7% following upbeat announcement by major player Goodman Group.

Miners took the biggest and closed lower by 2%, while the insurance sector also looked shaky after a downbeat announcement by the IAG.

BIG CAP WINNERS

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Code	Name	Price	% Change	Volume	Market Cap
GMG	Goodman Group	23.49	6	5031529	$ 41,567,953,050.25
IEL	Idp Education Ltd	39.15	3	788089	$ 10,576,776,018.00
APA	APA Group	8.68	3	2982081	$ 9,922,907,261.68
CHC	Charter Hall Group	18.59	3	781481	$ 8,383,988,358.00
NVX	Novonix Limited	8.01	4	4164831	$ 3,706,091,228.16
MP1	Megaport Limited	19.27	3	271486	$ 2,931,833,162.83
PXA	Pexagroup	15.75	3	89088	$ 2,720,177,587.92
DDR	Dicker Data Limited	15.6	3	225884	$ 2,618,426,964.45
JDO	Judo Cap Holdings	2.48	10	7416654	$ 2,498,444,402.98
OCL	Objective Corp	21.85	6	45323	$ 1,954,444,754.70
TLX	Telix Pharmaceutical	7.18	8	720333	$ 1,892,884,109.12
JHG	Janus Henderson	62.66	3	313820	$ 1,802,446,295.20
ASM	Ausstratmaterials	11.79	8	529610	$ 1,528,985,825.76
INR	Ioneer Ltd	0.75	3	8993161	$ 1,496,543,539.39
ERA	Energy Resources	0.41	3	92620	$ 1,476,553,279.20
GNC	GrainCorp Limited	6.42	3	712994	$ 1,432,636,231.28
FCL	Fineos Corp Hold PLC	4.17	4	90202	$ 1,278,920,375.62
AVZ	AVZ Minerals Ltd	0.41	5	26520547	$ 1,255,087,345.20
SGF	SG Fleet Group Ltd	2.66	4	88262	$ 878,901,244.40
SWM	Seven West Media Ltd	0.54	4	13794570	$ 821,011,484.28
RMC	Resimac Grp Ltd	1.845	4	289287	$ 723,562,769.25
GWA	GWA Group Ltd	2.79	3	209845	$ 721,357,907.36
PPS	Praemium Limited	1.425	14	6649718	$ 627,323,158.64
MNF	MNF Group Ltd	7.3	3	40603	$ 602,869,994.24
STP	Step One Limited	2.85	4	1147047	$ 509,685,800.25

The real sector is surging today following upbeat announcements by property heavyweights over the last two days.

Property group Goodman (ASX:GMG) rose after the release of its Q1 update, where it reported $62bn of total assets under management (AUM).

Importantly, the company said the outlook will remain strong in FY22, and expects AUM to continue growing to around $70 billion by June 2022.

Competitor Charter Hall (ASX:CHC) also rose, following its own earnings guidance yesterday which forecast a 36% increase in its post-tax OEPS (operating earnings per security) to 83 cents per share for FY22.

Recently listed Judo Capital (ASX:JDO) was up by 10% on no news.

BIG CAP LOSERS

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Code	Name	Price	% Change	Volume	Market Cap
SUN	Suncorp Group Ltd	11.31	-4	3645025	$ 15,139,006,765.00
IAG	Insurance Australia	4.5	-7	19449090	$ 11,931,084,997.04
MIN	Mineral Resources.	37.61	-4	1373769	$ 7,391,597,258.54
IGO	IGO Limited	8.92	-8	4816686	$ 7,375,788,498.62
LYC	Lynas Rare Earths	7.12	-5	3207142	$ 6,759,062,539.46
GQG	GQG Partners	1.865	-4	3662113	$ 5,757,970,596.30
YAL	Yancoal Aust Ltd	2.7	-8	382755	$ 3,895,296,339.15
BKW	Brickworks Limited	23.14	-3.7438	235916	$ 3,648,686,938.52
BPT	Beach Energy Limited	1.345	-4	18739069	$ 3,193,867,118.40
SNZ	Summerset Grp Hldgs	13.3	-3.693	4450	$ 3,179,274,204.46
WHC	Whitehaven Coal	2.37	-10	27947835	$ 2,705,527,887.84
CHN	Chalice Mining Ltd	6.4	-4	1036928	$ 2,357,627,042.40
CIA	Champion Iron Ltd	4.24	-7	2769244	$ 2,314,667,873.32
CRN	Coronado Global Res	1.28	-5	4895417	$ 2,254,830,266.85
HUB	HUB24 Ltd	31.06	-3.6302	204593	$ 2,211,771,470.37
INA	Ingenia Group	6.13	-5	956372	$ 2,140,897,902.15
NHC	New Hope Corporation	1.87	-5	9294492	$ 1,639,743,451.54
TPW	Temple & Webster Ltd	12.28	-5	226625	$ 1,553,842,771.20
PSI	Psc Insurance Ltd	4.55	-5	29567	$ 1,546,191,522.75
VUL	Vulcan Energy	10.81	-10	5405077	$ 1,487,253,702.13
RBL	Redbubble Limited	3.87	-6	1904425	$ 1,139,550,520.99

The insurance sector took a hit today following a downbeat announcement from one of the biggest players in Australia.

Insurance Australia (ASX:IAG) has just downgraded its margin guidance from 13.5%-15.5% to 10%-12%, citing unusual weather damage claims that increased its net natural perils allowance to $280m.

That announcement also drove down the QBE Insurance (ASX:QBE) share price.

Minerals miner IGO Ltd (ASX:IGO) fell today following the a corporate presentation release. The company had reported its first quarter results yesterday, with revenues falling by 29% and net profits by 90% qoq.

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