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