14 gold medals and counting.

With still a few more days to go, could Australia surpass its 17 gold medal record haul in Athens 2004, or 16 at the 2000 Sydney Olympics?

To the markets, where the ASX touched an all-time intraday high of 7509, before petering out to close at 7503, 0.38% higher than yesterday.

The market was led by energy and the miners, rising by around 1% each, while healthcare dragged it down and falling by 0.45%.

CitiBank has become the latest giant to launch a buy now, pay later (BNPL) product in Australia, adding to the crowded domestic field where giant Square is also now in the fray.

Citi’s BNPL product will allow customers to buy items up to $1000, to be paid back in four interest-free instalments.

Here are the top ASX large cap movers for Wednesday:

BIG CAP WINNERS

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Vulcan Energy (ASX:VUL) gained 16% after announcing that its  Zero Carbon Lithium Project has the lowest planned carbon footprint in the world, compared to any results previously published in the lithium industry.

“Vulcan intends to produce the lithium products that the electrification revolution deserves,” says Vulcan CEO, Dr. Francis Wedin.

Woodside Petroleum (ASX:WPL) is up by 1% despite flagging higher costs for its offshore Scarborough gas project. The updated cost estimate is now US$12 billion, which is approximately 5% higher than the previous cost estimate announced in 2019.

REA Group (ASX:REA) rose by 0.6% after announcing the completion of the sale of its Malaysia and Thailand entities to PropertyGuru, in exchange for an 18% equity interest in PropertyGuru. The combined transactions are expected to result in an overall net gain of approximately A$12 million.

 

BIG CAP LOSERS

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