The ASX 200 continues its slide, down by 0.63% today after a 0.67% fall yesterday.

Stocks were sold off following an ABS data release showing a 3.4% surge in white collar salaries in the year ending September.

Overall wages also rose 2.2 per cent over the year.

Financials were the biggest losers down by 2%, while Tech shone and was up 1.5%.

Bank stocks were driven down after the Commonwealth Bank (ASX:CBA) fell 8%, following the release of its its first quarter results that flagged tightening interest margins.

The Tech sector meanwhile got a boost from Nasdaq overnight, with a broad-brushed 2% increases in stocks like Afterpay (ASX:APT) and NextDC (ASX:NXT).

 

BIG CAP WINNERS

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

Wordpress Table Plugin

Shares in telco Uniti Group (ASX:UWL) were up 8.5% after announcing the execution of a buyback of 10% of all issued shares. The company also reported that key financial performance metrics for FY22 YTD are ahead of internal budgets.

Payment solutions provider EML Payments (ASX:EML) was up following its AGM today, in which it forecast an improvements in transaction volumes as malls reopen and economies rebound from COVID-19.

Eagers Automotive (ASX:APE) said it expects to record a full year profit of approximately $390 to $395 million, as compared to $209.4 million for the previous corresponding period.

BIG CAP LOSERS

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

Wordpress Table Plugin

Commonwealth Bank was down 8% after releasing its results for the first quarter of FY22 which showed a profit of ~$2.3 billion, a 20% increase from the first quarter of FY21. But arguably what concerned investors was a squeeze in its net interest margins.

Nufarm (ASX:NUF) stock price fell 9% despite growing revenues by 10% to $3.2 billion and its earnings by 51% to $370 million.