Here are the top ASX large cap movers for Wednesday
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The benchmark ASX 200 index mounted a last 30-minute rally to finish just sightly lower on Wednesday, despite choppy trading overnight that saw all major US equity stock indexes fall.
The local benchmark closed the day 0.11% lower at 7,272.
Mining and Finance weighed on the index, both falling by close to 1% and 0.6% respectively, despite uranium stocks rising across the board.
Fortescue Metals (ASX:FMG) fell another 5% as the iron ore price took a 6% tumble overnight.
The FMG share price has now lost over 22% in the past month, while BHP (ASX:BHP) is down 10% over the same period.
The Tech sector has helped to negate some of those losses, with stocks like Afterpay (ASX:APT) and Xero (ASX:XRO) rising by 1.5% each.
Meanwhile, the partial reopening in NSW on Monday saw total spending rise 20 per cent higher for the day compared to the previous Monday, according to ANZ spending data.
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Code | Name | Price | % Change | Volume | Market Cap |
---|---|---|---|---|---|
PDN | Paladin Energy Ltd | 0.875 | 19.0% | 55,787,279 | $1,968,378,475 |
A2M | The A2 Milk Company | 6.59 | 13.6% | 14,414,731 | $4,312,952,071 |
ERA | Energy Resources | 0.43 | 10.3% | 1,990,518 | $1,439,639,447 |
GUD | G.U.D. Holdings | 11.46 | 8.6% | 636,260 | $1,000,741,951 |
SGR | The Star Ent Grp | 3.42 | 6.5% | 15,072,952 | $3,055,965,614 |
KGN | Kogan.Com Ltd | 10.47 | 5.5% | 1,123,388 | $1,060,331,033 |
NUF | Nufarm Limited | 4.85 | 5.4% | 1,475,389 | $1,747,572,734 |
PBH | Pointsbet Holdings | 10.13 | 4.9% | 1,280,745 | $2,541,334,485 |
IMD | Imdex Limited | 2.7 | 4.2% | 1,930,055 | $1,026,811,716 |
SZL | Sezzle Inc. | 5.97 | 4.2% | 357,901 | $1,135,173,990 |
360 | Life360 Inc. | 9.1 | 4.0% | 224,914 | $1,351,936,346 |
APX | Appen Limited | 8.76 | 3.7% | 945,367 | $1,039,983,040 |
Uranium stocks caught a bid today, with Paladin Energy (ASX:PDN) up 19% as the Global X Uranium ETF traded on the NYSE Arca exchange surged by 22% overnight. Other uranium plays like Deep Yellow (ASX:DYL) also lifted by 18%.
A2 Milk (ASX:A2M) was amongst the best performers today, rising by 13%.
Although there was no specific company news, the A2M stock price was buoyed by an earnings announcement from Bubs Australia (ASX:BUB), which reported a 96% increase in its Q2 gross revenue.
Bubs said its growth was achieved on the back of its infant formula products sales in China, with its share price surging by 39% following the announcement.
Casino Star Entertainment (ASX:SGR) gained 6% after releasing an announcement after hours last night, refuting claims that it did not act on a 2018 recommendations report prepared by consultant KPMG regarding the casino’s anti money laundering shortcomings.
The SGR share price is down over 27% for the week since media reports surfaced suggesting that Star had engaged in many of the same improper practices as Crown Resorts (ASX:CWN).
Pointsbet (ASX:PBH) is up 5% after announcing that its wholly owned subsidiary Pointsbet Canada has signed a deal to become the official betting platform for Curling Canada.
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Code | Name | Price | % Change | Volume | Market Cap |
---|---|---|---|---|---|
PEB | Pacific Edge | 1.26 | -9.7% | 177,737 | $1,104,282,342 |
PGH | Pact Group Hldgs Ltd | 3.11 | -9.6% | 3,604,139 | $1,184,357,782 |
IMU | Imugene Limited | 0.3975 | -5.4% | 10,673,625 | $2,303,098,524 |
FMG | Fortescue Metals Grp | 14.05 | -5.0% | 15,328,157 | $45,537,891,137 |
MIN | Mineral Resources. | 42.3 | -4.6% | 1,176,656 | $8,371,729,854 |
BOQ | Bank of Queensland. | 9.29 | -4.4% | 8,883,215 | $6,229,446,552 |
LFG | Liberty Fin Group | 6.41 | -4.3% | 51,679 | $2,034,120,000 |
LTR | Liontown Resources | 1.4 | -3.8% | 4,356,635 | $2,780,764,546 |
RIO | Rio Tinto Limited | 99.55 | -3.0% | 883,162 | $38,101,632,205 |
DMP | Domino Pizza Enterpr | 138.99 | -2.5% | 207,240 | $12,339,991,519 |
EBO | Ebos Group Ltd | 31.5 | -2.4% | 2,952 | $5,299,667,357 |
CEN | Contact Energy Ltd | 7.74 | -2.4% | 6,913 | $1,945,867,904 |
CRN | Coronado Global Res | 1.555 | -2.2% | 3,344,149 | $2,665,561,431 |
IGO | IGO Limited | 8.68 | -2.1% | 1,517,197 | $6,716,965,501 |
ILU | Iluka Resources | 8.99 | -2.1% | 1,101,683 | $3,884,997,500 |
MCY | Mercury NZ Limited | 5.99 | -2.0% | 18,902 | $8,323,658,701 |
BSL | BlueScope Steel Ltd | 20.8 | -1.9% | 943,848 | $10,639,705,438 |
CIA | Champion Iron Ltd | 4.7 | -1.9% | 2,785,863 | $2,426,096,086 |
Pact Group (ASX:PGH) tanked 9% after announcing that it has ceased the sale process of its contract manufacturing business, and has decided to retain it instead.
The Bank of Queensland (ASX:BOQ) is down 4% despite unveiling a $369 million profit, up 221% from FY20 which it credited to the strong momentum in market conditions, particularly the boom in the housing market driven by record low interest rates.