The ASX 200 edged higher for a second straight day following the strong lead from Wall Street overnight.

But with a gain of 0.17%, it was again overshadowed by the microcap Emerging Companies index which rose more than 1%.

In line with the rebound in oil prices overnight, gains were led by the ASX 200 Energy index which jumped by 2.82%.

The ASX 200 Materials index also finished higher, as the big miners finally found some demand following a week of heavy selling amid the iron ore rout.

Gains on the broader index appeared to be tempered by a 1.2% drop for the ASX 200 Consumer Staples index, as investors moved out of defensive stocks amid the prevailing risk-on sentiment.

 

BIG CAP WINNERS

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

The big winner on the day was infection prevention company Nanosonics (ASX:NAN), which ripped higher after investors responded to an operational rebound in the second half of 2021.

The company said installations of its automated disinfection technology, Trophon, rose by 20% in H2 while revenues came in at $60m — a gain of 39%.

Another large cap reporting season winner was telco stock Uniti Group (ASX:UWL), which was a small cap when it listed in 2019 at 20c.

The company flagged full-year core earnings (EBITDA) of $93.7m, which it said was above consensus, and booked $64.2m of free cash flow — up from $13.4m in FY20. At today’s closing price of $4.16, UWL now has a market cap of more than $2.6bn.

Rounding out the top three was consumer lending platform Pepper Money (ASX:PPM), which jumped by more than 7% following the release of its half-year accounts.

PPM delivered a statutory net profit after tax (NPAT) of $56m, a gain of 41.1% from the six months ended June 2020.

The company, which listed on the ASX in May, said it’s on track to beat its full-year prospectus forecasts, “subject to no significant deterioration in economic conditions following the most recent lockdowns”.

BIG CAP LOSERS

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

Leading the laggards was online retailer Kogan.com (ASX:KGN), which has struggled to get the balance right around its inventory management practices despite scaling up operations to meet demand in the post-COVID ecommerce boom.

The company flagged annual revenues of over $1bn for the first time in its full-year results this morning, but net profits fell by more than 80% and it also scrapped its full-year dividend.