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

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Code Name Price % Change Volume Market Cap
UWL Uniti Group Ltd 4.19 8.5% 5,244,392 $2,655,464,909
ABB Aussie Broadband 5.27 7.3% 3,749,165 $1,099,014,879
NIC Nickel Mines Limited 1.155 6.0% 7,505,901 $2,741,381,666
CCX City Chic Collective 6.46 5.9% 527,901 $1,414,712,525
LFS Latitude Group 2.1 5.3% 116,041 $2,071,730,768
LTR Liontown Resources 1.625 4.8% 9,598,985 $2,962,326,492
NVX Novonix Limited 9.84 4.6% 6,388,014 $4,540,926,882
APE Eagers Automotive 14.22 4.6% 893,149 $3,494,290,242
APX Appen Limited 11.56 4.5% 1,309,092 $1,361,208,571
EML EML Payments Ltd 2.92 3.9% 5,151,828 $1,049,330,499
MSB Mesoblast Limited 1.8 3.7% 2,381,449 $1,125,487,681
NWS News Corp.. 33.15 3.4% 350,901 $1,300,464,197
FCL Fineos Corp Hold PLC 4.33 3.3% 79,717 $1,336,328,273
MGH Maas Group Holdings 4.64 3.3% 196,879 $1,294,597,614
NWL Netwealth Group 17.02 3.3% 171,432 $4,018,034,960
TPW Temple & Webster Ltd 11.07 3.3% 518,008 $1,291,255,388
NXT Nextdc Limited 12.77 3.1% 1,490,538 $5,657,948,549

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

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Code Name Price % Change Volume Market Cap
NUF Nufarm Limited 4.58 -8.8% 4,156,403 $1,907,133,722
IMU Imugene Limited 0.545 -8.4% 43,324,423 $3,369,549,123
CBA Commonwealth Bank. 98.79 -8.3% 6,972,503 $183,744,247,811
APM APM Human Services 3.05 -4.7% 806,536 $2,875,588,426
CTT Cettire 4.54 -4.4% 548,755 $1,810,881,545
CHN Chalice Mining Ltd 9.89 -4.3% 2,142,760 $3,659,280,399
CRN Coronado Global Res 1.18 -4.1% 4,899,373 $2,062,038,088
ILU Iluka Resources 8.42 -4.0% 2,174,458 $3,711,484,539
CEN Contact Energy Ltd 7.54 -3.5% 18,770 $1,922,555,320
EVN Evolution Mining Ltd 3.99 -3.4% 5,060,532 $7,570,039,078
MAF MA Financial Group 8.91 -3.3% 86,471 $1,441,714,630
OCL Objective Corp 20.54 -3.2% 58,111 $2,004,072,418
DEG De Grey Mining 1.215 -3.2% 2,460,003 $1,765,061,524
LFG Liberty Fin Group 5.66 -3.1% 38,166 $1,773,024,000
PSI Psc Insurance Ltd 4.64 -2.7% 11,270 $1,539,735,608

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.

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