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Here are the top ASX large cap movers for Tuesday
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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
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| Code | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| NAN | Nanosonics Limited | 7.18 | 21.9% | 7,111,099 | $1,775,848,076 |
| UWL | Uniti Group Ltd | 4.26 | 8.4% | 12,658,922 | $2,692,894,942 |
| PPM | Peppermoney | 2.8 | 7.7% | 2,188,728 | $1,142,715,361 |
| HUB | HUB24 Ltd | 27.9 | 7.4% | 602,524 | $1,774,612,659 |
| PDN | Paladin Energy Ltd | 0.47 | 6.8% | 29,929,363 | $1,178,272,071 |
| SCG | Scentre Group | 2.72 | 6.7% | 25,922,534 | $13,235,464,764 |
| FLT | Flight Centre Travel | 15.22 | 6.7% | 4,381,631 | $2,845,113,143 |
| WEB | Webjet Limited | 5.26 | 6.5% | 6,671,935 | $1,872,308,506 |
| EVT | Event Hospitality | 14.1 | 6.4% | 325,735 | $2,135,840,653 |
| SGR | The Star Ent Grp | 3.82 | 5.8% | 7,626,967 | $3,436,771,298 |
| AX1 | Accent Group Ltd | 2.25 | 5.6% | 1,918,046 | $1,154,176,103 |
| QAN | Qantas Airways | 4.62 | 5.5% | 10,198,458 | $8,260,875,777 |
| PPH | Pushpay Holdings Ltd | 1.685 | 5.3% | 3,108,971 | $1,766,875,618 |
| VCX | Vicinity Centres | 1.665 | 4.7% | 14,967,246 | $7,238,117,819 |
| FCL | Fineos Corp Hold PLC | 3.62 | 4.3% | 198,697 | $1,046,817,830 |
| CTD | Corp Travel Limited | 22.12 | 4.2% | 672,391 | $2,904,111,948 |
| ALD | Ampol Limited | 27.29 | 4.1% | 1,712,718 | $6,248,281,036 |
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
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| Code | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| KGN | Kogan.Com Ltd | 11.06 | -15.8% | 5,592,577 | $1,399,153,322 |
| MND | Monadelphous Group | 10.09 | -14.4% | 3,237,088 | $1,119,067,987 |
| ANN | Ansell Limited | 36.78 | -9.2% | 2,646,126 | $5,184,256,244 |
| MMS | McMillan Shakespeare | 12.22 | -8.7% | 1,482,242 | $1,035,359,212 |
| NHF | NIB Holdings Limited | 6.59 | -7.2% | 4,031,641 | $3,249,969,641 |
| AEF | Australian Ethical | 9.01 | -5.9% | 238,446 | $1,076,668,782 |
| PGH | Pact Group Hldgs Ltd | 4.14 | -5.9% | 3,194,709 | $1,513,571,818 |
| JLG | Johns Lyng Group | 6 | -5.8% | 2,867,681 | $1,429,432,854 |
| BLD | Boral Limited | 6.47 | -5.5% | 5,456,819 | $7,556,155,670 |
| TPW | Temple & Webster Ltd | 13.05 | -4.0% | 309,768 | $1,638,159,821 |
| WSA | Western Areas Ltd | 3.04 | -3.8% | 3,954,947 | $1,016,392,370 |
| RWC | Reliance Worldwide | 5.64 | -3.6% | 5,417,426 | $4,622,054,375 |
| CSR | CSR Limited | 5.41 | -3.4% | 3,587,140 | $2,718,143,546 |
| SVW | Seven Group Holdings | 22.88 | -3.2% | 1,450,466 | $8,583,847,694 |
| COL | Coles Group | 18.26 | -3.1% | 2,619,707 | $25,131,235,473 |
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.
