The ASX 200 index fell today, despite the latest Australian GDP data showing a 0.7% growth in the last quarter, beating expectations of 0.3%.
The data however did not take into account the latest lockdowns, and economists are expecting a fall in the the September quarter’s GDP.
The Energy sector gained 1% despite oil prices retreating by 1% overnight.
Retail stocks were the main drag today, with both Consumer Disrectionary and Staples falling by over 1%.
Dragging retail down was Wesfarmers (ASX:WES), which fell by nearly 2% on no news.
Bank stocks however rose, as NAB (ASX:NAB) lifted by 2% as it continues to buy back its shares in the open market as part of its announced $2.5b share buyback.
Travel stocks also rose, with Qantas (ASX:QAN) and Flight Centre (ASX:FLT, both rising by around 3%.
BIG CAP WINNERS
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| Code | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| PDN | Paladin Energy Ltd | 0.585 | 14.7% | 41,002,574 | $1,365,724,446 |
| DDR | Dicker Data Limited | 13.42 | 5.6% | 600,766 | $2,196,031,703 |
| NVX | Novonix Limited | 4.75 | 5.1% | 3,936,467 | $1,828,798,256 |
| AWC | Alumina Limited | 1.865 | 4.8% | 19,022,066 | $5,164,992,922 |
| YAL | Yancoal Aust Ltd | 2.26 | 4.6% | 134,107 | $2,852,149,184 |
| TNE | Technology One | 10.3 | 4.3% | 792,048 | $3,177,890,075 |
| DEG | De Grey Mining | 1.25 | 4.2% | 5,971,362 | $1,550,900,473 |
| SKC | Skycity Ent Grp Ltd | 3.2 | 3.9% | 407,734 | $2,341,432,044 |
| LNK | Link Admin Hldg | 4.53 | 3.7% | 2,950,523 | $2,343,308,372 |
| AX1 | Accent Group Ltd | 2.22 | 3.3% | 1,408,600 | $1,165,013,437 |
| DBI | Dalrymple Bay | 2.28 | 3.2% | 324,121 | $1,101,688,147 |
| WHC | Whitehaven Coal | 2.61 | 3.2% | 10,724,004 | $2,612,589,907 |
| IEL | Idp Education Ltd | 29.69 | 3.0% | 1,457,416 | $8,021,649,601 |
| QAN | Qantas Airways | 5.24 | 2.9% | 7,927,479 | $9,599,967,513 |
Paladin Energy (ASX:PDN) was the biggest big cap winner today, rising by 12% after uranium prices hit 5 year highs overnight.
Data centre company Dicker Data (ASX:DDR) rose by 5.7% after CEO David Dicker released an announcement after hours yesterday to say that he was selling 1.6% of his shares in the company.
In the release, he told shareholders what he was going to do with the money : Rodin Cars, purchase of a used Bombardier Global XRS, and a return to trading in the US markets.
“None of these projects detract from my ability to continue to function as Chairman and CEO of Dicker Data. I hope this letter clears things up,” he said.
BIG CAP LOSERS
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| Code | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| BKL | Blackmores Limited | 93.11 | -7% | 83,805 | $1,932,698,058 |
| ASM | Ausstratmaterials | 10.96 | -6% | 486,546 | $1,629,430,150 |
| TPW | Temple & Webster Ltd | 13.81 | -6% | 922,486 | $1,771,862,571 |
| MAQ | Macquarie Telecom Gp | 77.5 | -5% | 13,785 | $1,762,776,714 |
| MSB | Mesoblast Limited | 1.575 | -5% | 13,694,226 | $1,080,078,957 |
| PNV | Polynovo Limited | 2.11 | -5% | 1,847,974 | $1,474,895,338 |
| PME | Pro Medicus Limited | 60.16 | -5% | 175,713 | $6,583,644,761 |
| REH | Reece Limited | 19.92 | -5% | 799,608 | $13,488,149,699 |
| MAF | MA Financial Group | 7.73 | -5% | 116,972 | $1,267,957,492 |
| AEF | Australian Ethical | 10.26 | -4% | 222,263 | $1,201,418,505 |
| VUL | Vulcan Energy | 13.69 | -4% | 606,813 | $1,550,276,937 |
| CIA | Champion Iron Ltd | 5.67 | -4% | 1,652,942 | $2,982,791,206 |
| CUV | Clinuvel Pharmaceut. | 36.37 | -4% | 265,387 | $1,866,722,570 |
| UWL | Uniti Group Ltd | 4.18 | -4% | 2,450,105 | $2,973,833,091 |
| IMU | Imugene Limited | 0.4 | -4% | 27,028,547 | $2,212,370,606 |
| LTR | Liontown Resources | 0.94 | -4% | 4,116,022 | $1,859,345,637 |
| EDV | Endeavour | 7.04 | -4% | 3,428,740 | $13,074,154,124 |
| MIN | Mineral Resources. | 53.03 | -3% | 643,114 | $10,363,492,772 |
| WES | Wesfarmers Limited | 57.96 | -3% | 1,701,118 | $67,973,722,508 |
Fortescue (ASX:FMG) fell by more than 3%, following a broker downgrade out of Goldman Sachs the previous day. Goldman said it has retained its sell rating on FMG.