ASX large caps roundup for 19 January 2021. Picture Getty Image
Here are the top ASX large cap movers for Wednesday
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A last hour selloff saw the ASX 200 closing lower by around 1% today.
This followed a rocky session in New York overnight, where all major US stock market benchmarks fell sharply on the back of rising US bond yields.
The benchmark 10-year Treasury yield rose 4 basis points to 1.82%, its highest level in two years as traders begin to price in expected rate hikes by the Fed.
By sector, Tech was the worst performer on the ASX today, down by more than 2% following a similar slump on Nasdaq.
Financial and Healthcare sectors were also hard hit, each falling by more than 1% amid risk-off sentiment.
Energy however, was up 0.5% after oil prices jumped 1% overnight, with Brent crude trading at US$87 a barrel and inching nearer to its highest level since 2014.
The market is also still digesting Microsfoft’s acquisition of Call of Duty games developer Activision Blizzard in a deal worth $US68.7 billion, making Microsoft the world’s third-largest gaming company (behind Tencent and Sony).
In economics data released today, payroll jobs in Australia fell 0.1% in the month to 18 December, while the Westpac consumer sentiment slipped 2.1% in January amid the Omicron spread.
BIG CAP WINNERS
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| Code | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| LKE | Lake Resources | 0.945 | 6.8% | 7,660,347 | $1,080,663,731 |
| AMP | AMP Limited | 1 | 6.4% | 16,289,079 | $3,070,139,502 |
| AKE | Allkem Limited | 9.85 | 5.3% | 3,329,570 | $5,960,864,229 |
| PLS | Pilbara Min Ltd | 2.96 | 5.3% | 18,262,864 | $8,361,279,604 |
| OCL | Objective Corp | 19.58 | 5.2% | 16,005 | $1,759,638,803 |
| KLS | Kelsian Group Ltd | 7.25 | 4.2% | 88,624 | $1,520,057,374 |
| VUK | Virgin Money Uk PLC | 3.4 | 3.7% | 1,281,855 | $2,892,437,119 |
| CTD | Corp Travel Limited | 22.28 | 3.6% | 291,531 | $3,020,622,004 |
| NVX | Novonix Limited | 8.61 | 3.5% | 2,229,301 | $4,025,680,364 |
| MIN | Mineral Resources | 54.99 | 3.4% | 476,005 | $10,044,942,723 |
| SEK | Seek Limited | 33.75 | 3.3% | 220,188 | $11,562,572,607 |
| EBO | Ebos Group Ltd | 39 | 3.2% | 3,633 | $6,944,448,092 |
| ACL | Au Clinical Labs | 5.99 | 3.1% | 225,738 | $1,172,655,627 |
| CIA | Champion Iron Ltd | 5.43 | 3.0% | 1,395,991 | $2,669,212,187 |
| PDN | Paladin Energy Ltd | 0.855 | 3.0% | 5,556,770 | $2,223,437,177 |
Artificial intelligence chips developer Brainchip (ASX:BRN) was up another 12.7% today, after announcing a new US patent for “Event-based Classification of Features in a Reconfigurable and Temporally Coded Convolutional Spiking Neural Network.”
If you’re wondering what exactly Convolutional Neural Networks (CNN) are, apparently they are the dominant AI method used to process images.
The BRN share price has now rallied by 200% in the past 30 days.
Hub24 (ASX:HUB) also gained after reporting a second quarter which saw net inflows into the platform of $3.6bn.
This represents a 127% increase over the previous year’s quarter, and in total, funds under management is now $68.3 billion.
HUB24 provides clients with one stop platform to park investmtents which include super, pension, investment and insurance.
BIG CAP LOSERS
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| Code | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| BPT | Beach Energy Limited | 1.46 | -10.2% | 29,776,379 | $3,707,167,191 |
| AVZ | AVZ Minerals Ltd | 0.735 | -9.3% | 35,168,674 | $2,796,171,095 |
| CHN | Chalice Mining Ltd | 7.5 | -9.1% | 3,110,897 | $2,928,943,661 |
| SWM | Seven West Media Ltd | 0.675 | -8.8% | 14,027,577 | $1,176,687,497 |
| ASM | Ausstratmaterials | 7.84 | -5.2% | 396,603 | $1,153,714,670 |
| MGH | Maas Group Holdings | 4.25 | -5.1% | 381,300 | $1,317,206,791 |
| FMG | Fortescue Metals Grp | 21.59 | -5.1% | 11,028,776 | $70,046,451,885 |
| CXO | Core Lithium | 0.755 | -5.0% | 20,884,245 | $1,346,991,753 |
| MIN | Mineral Resources. | 48.64 | -4.9% | 1,962,964 | $9,663,465,297 |
| BRN | Brainchip Ltd | 1.41 | -4.7% | 30,299,943 | $2,537,255,973 |
| TLX | Telix Pharmaceutical | 5.83 | -4.4% | 1,263,418 | $1,880,021,104 |
| GQG | GQG Partners | 1.52 | -4.4% | 638,485 | $4,694,960,640 |
| RMD | ResMed Inc. | 32.6 | -4.4% | 1,110,137 | $14,052,945,586 |
| CIA | Champion Iron Ltd | 6.8 | -4.4% | 2,232,463 | $3,602,010,438 |
| KAR | Karoon Energy Ltd | 1.9 | -4.3% | 2,312,311 | $1,104,392,247 |
| NHC | New Hope Corporation | 2.48 | -4.2% | 2,226,075 | $2,155,804,842 |
| CRN | Coronado Global Res | 1.47 | -4.2% | 2,300,454 | $2,573,356,476 |
| PDN | Paladin Energy Ltd | 0.695 | -4.1% | 8,489,890 | $1,942,232,216 |
Data centre Megaport (ASX:MP1) plummeted 16% following an update this morning and amid general weakness in the Tech sector.
Megaport reported a quarterly increase of just 7% to $9.2m for its annual recurring revenue.
The company said however that after ongoing investments in people and technology, it’s well positioned to capture indirect channel opportunities coming into the second half of the financial year and beyond.
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