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.