The ASX 200 made it 3/3 to start the week, closing 0.39% higher in Wednesday trade.
Gains were assisted by the big miners, which got back in the saddle following last week’s iron ore-led selloff.
Energy stocks rose again amid the more bullish sentiment for oil prices, while the ASX 200 IT sector again led the pack following some big moves in the technology space.
BIG CAP WINNERS
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| Code | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| FCL | Fineos Corp Hold PLC | 4.25 | 15.5% | 1,331,164 | $1,110,169,917 |
| BKL | Blackmores Limited | 92.09 | 15.4% | 243,953 | $1,545,190,160 |
| CCX | City Chic Collective | 6.04 | 10.4% | 1,911,081 | $1,250,787,912 |
| HMC | Home Consortium | 6.46 | 8.4% | 1,389,971 | $1,729,122,847 |
| OCL | Objective Corp | 19.82 | 6.1% | 91,107 | $1,760,666,980 |
| 360 | Life360 Inc. | 9.3 | 5.3% | 1,048,768 | $1,343,812,455 |
| WHC | Whitehaven Coal | 2.33 | 5.0% | 20,716,139 | $2,292,470,195 |
| IMU | Imugene Limited | 0.34 | 4.6% | 18,134,493 | $1,730,077,047 |
| PPM | Peppermoney | 2.8 | 4.5% | 162,863 | $1,177,875,833 |
| TYR | Tyro Payments | 3.74 | 4.5% | 7,654,234 | $1,834,808,053 |
| AEF | Australian Ethical | 9.52 | 4.0% | 370,213 | $1,028,342,313 |
| ILU | Iluka Resources | 9.27 | 4.0% | 2,050,500 | $3,767,603,194 |
| FLT | Flight Centre Travel | 17.01 | 4.0% | 5,566,957 | $3,259,817,792 |
| TPW | Temple & Webster Ltd | 13.31 | 3.7% | 203,724 | $1,546,615,596 |
| LOV | Lovisa Holdings Ltd | 20 | 3.6% | 887,986 | $2,073,971,168 |
| QAN | Qantas Airways | 5.04 | 3.5% | 26,869,168 | $9,185,037,679 |
| GOZ | Growthpoint Property | 4.24 | 3.2% | 1,153,104 | $3,172,395,548 |
There was some big moves in the ASX’s large cap tech sector, led by Wisetech Global (ASX:WTC), which rose so sharply following its full-year results announcement the stock briefly had to go into a trading halt.
Trading was then resumed and WTC shares closed almost 50% higher on the day after reporting EBITDA of more than $200m, well above previous guidance of $165m-$190m.
WTC reported strong growth for its CargoWise logistics software platform, amid a sharp increase in air freight and shipping bottlenecks as the global economy emerges from the pandemic.
Also rising strongly was jewellery proprietor Lovisa Holdings (ASX:LOV), which jumped by more than 17% after investors cheered its full-year results.
The company reported a 43.3% increase in net profit after tax and introduced dividends with a payout to investors of 18c per share.
Large cap travel stocks also made a notable appearance on today’s winner’s list, with both Flight Centre (ASX:FLT) and Webjet (ASX:WEB) posting solid gains without any major news.
BIG CAP LOSERS
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| Code | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| REH | Reece Limited | 22.3 | -10.8% | 2,017,867 | 16,149,604,525 |
| NEC | Nine Entertainment | 2.69 | -9.7% | 38,321,747 | 5,082,071,894 |
| JLG | Johns Lyng Group | 5.52 | -8.0% | 2,793,156 | 1,346,404,572 |
| SVW | Seven Group Holdings | 21.15 | -7.6% | 3,221,238 | 8,311,402,253 |
| SLK | Sealink Travel Grp | 9.39 | -6.4% | 552,786 | 2,190,542,451 |
| OCL | Objective Corp | 18.68 | -6.4% | 100,259 | 1,880,369,714 |
| ZIM | Zimplats Holding Ltd | 21.4 | -6.2% | 4,331 | 2,456,291,150 |
| ABC | Adbri Limited | 3.46 | -5.2% | 5,742,658 | 2,382,090,576 |
| IAP | Irongate Group | 1.49 | -4.5% | 231,406 | 1,006,686,235 |
| PPM | Peppermoney | 2.68 | -4.3% | 405,351 | 1,230,616,542 |
| AGL | AGL Energy Limited. | 6.93 | -3.5% | 3,665,697 | 4,473,382,619 |
| LTR | Liontown Resources | 0.875 | -3.3% | 5,172,564 | 1,724,044,155 |
| PRU | Perseus Mining Ltd | 1.47 | -3.3% | 3,384,226 | 1,864,993,746 |
| COH | Cochlear Limited | 229.22 | -3.2% | 180,019 | 15,568,054,687 |
| UWL | Uniti Group Ltd | 4.13 | -3.1% | 5,613,808 | 2,919,015,891 |
| APA | APA Group | 9.66 | -3.0% | 1,893,821 | 11,751,742,726 |
| BXB | Brambles Limited | 11.83 | -3.0% | 6,864,210 | 17,575,267,335 |
| BLD | Boral Limited | 6.3 | -2.6% | 3,700,822 | 7,136,982,071 |
| GMG | Goodman Group | 22.39 | -2.6% | 3,715,217 | 42,472,398,572 |
At the other end of the spectrum, Australia’s listed entertainment networks came under pressure as investors scrutinised their full-year results.
Nine Entertainment (ASX:NEC) fell by more than 9% while Seven Group Holdings (ASX:SVH) finished more than 7% lower.