The ASX200 finished 0.22% lower in Tuesday trade, dragged down by a flat session for the big miners which all fell by around 1%.

The ASX200 Energy index lagged the pack with a fall of 1.39%, while the major banks also struggled to find traction as the ASX Financials index finished in the red.

Offsetting those falls was a strong session for the ASX200 Information Technology index (more on that below), which continued to bask in the glory of the marquee takeover offer for Afterpay by US tech firm Square Inc.

BIG CAP WINNERS

(Stocks highlighted in yellow made market-moving announcements).

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Code Name Price % Change Volume Market Cap
APT Afterpay Limited 127.85 11.4% 9,174,879 $33,248,768,157
BLD Boral Limited 7.13 3.6% 21,974,761 $7,589,248,323
LYC Lynas Rare Earths 7.68 3.9% 5,282,858 $6,658,970,699
Z1P Zip Co Ltd 7.78 7.5% 24,204,651 $4,069,861,006
CHN Chalice Mining Ltd 7.65 6.8% 3,678,732 $2,483,498,934
DDR Dicker Data Limited 14.06 4.5% 447,397 $2,323,888,781
LOV Lovisa Holdings Ltd 16.9 3.7% 517,083 $1,751,592,230
LTR Liontown Resources 0.95 3.8% 7,290,830 $1,737,507,445
MAQ Macquarie Telecom Gp 75.99 7.8% 5,446 $1,515,773,001
AX1 Accent Group Ltd 2.79 3.7% 819,511 $1,457,621,463
APX Appen Limited 12.44 5.4% 1,445,695 $1,452,284,009
IMU Imugene Limited 0.30 3.4% 19,936,157 $1,450,877,321
EML EML Payments Ltd 3.84 4.3% 2,893,198 $1,332,066,701
PGH Pact Group Hldgs Ltd 4.00 5.3% 1,070,526 $1,307,175,661

Large cap gains were led by Afterpay (ASX:APT), which continues to be the talk of the market following yesterday’s huge takeover announcement.

After climbing back towards Square Inc’s approximate acquisition price in Monday trade, APT shares rose by a further 11.4% today to close at $127.85 — slightly above the indicative currency-adjusted takeover offer of $126.21 per share.

Joining APT on the winner’s list was fellow BNPL player Zip Co (ASX:Z1P), which posted its second strong day of gains in the slipstream of its larger competitor.

In a strong session for big tech stocks, the profit-generating (and big-dividend paying) Dicker Data (ASX:DDR) rose by almost 5%, while Appen (ASX:APX), which has slumped from its post-COVID highs above $40, rose by 5.4% to close at $12.44.

BIG CAP LOSERS

(Stocks highlighted in yellow made market-moving announcements).

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Code Name Price % Change Volume Market Cap
BSL BlueScope Steel Ltd 23.46 -2.5% 2,086,643 $12,116,540,072
EVN Evolution Mining Ltd 4.13 -3.3% 10,130,139 $7,739,644,817
SGM Sims Limited 15.5 -2.8% 817,103 $3,211,727,838
BPT Beach Energy Limited 1.2 -2.8% 11,011,521 $2,817,447,065
ZIM Zimplats Holding Ltd 23.85 -2.7% 621 $2,637,122,401
PBH Pointsbet Holdings 9.73 -11.2% 5,536,060 $2,348,882,524
WHC Whitehaven Coal 2.12 -5.4% 11,177,583 $2,313,123,080
PRU Perseus Mining Ltd 1.63 -3.6% 2,927,362 $2,073,578,573
CEN Contact Energy Ltd 7.48 -4.7% 23,404 $1,909,008,145
JHG Janus Henderson 55.5 -2.7% 140,537 $1,785,824,398
HMC Home Consortium 5.78 -3.2% 165,749 $1,732,024,060
NHC New Hope Corporation 1.9 -3.3% 2,069,402 $1,635,581,666
RMS Ramelius Resources 1.72 -3.1% 2,721,806 $1,444,880,647
SLR Silver Lake Resource 1.525 -2.9% 7,405,868 $1,384,502,115
SBM St Barbara Limited 1.81 -2.7% 2,938,808 $1,316,924,248
PPK PPK Group Limited 13.45 -3.9% 84,631 $1,246,725,102

Gaming stock Pointsbet Holdings (ASX:PBH) led the laggards, after announcing the completion of its institutional entitlement offer which raised $81m.

Approximately 78% of the entitlement was taken up by eligible shareholders, with a book-build then initiated for the shortfall which cleared at $10 — a 25% premium to the $8 offer price.