Last Orders: Tech and materials sell off reaches the ASX

The ASX dropped today led by a sell off in tech and materials that began on Wall St and hit Bridge St today.

The ASX Emerging Companies Index fell 2.57 per cent to 1,982. The ASX Small Ords only dropped 1.18 per cent to 3,122 and the ASX 200 fell 0.84 per cent to 6,761.

Financials and Property were in the green but all other sectors were in the red. The biggest laggard was healthcare, losing 3.5 per cent while materials lost 2.61 per cent and tech fell 1.5 per cent.

The top stock today was resources play Tasman (ASX:TAS) which announced the results of a drilling program at a project it it has joined Fortescue (ASX:FMG) in a joint venture with.

ANNOUNCEMENTS

Fintech lender Plenti Group (ASX:PLT) announced the launch of specialist interest-free (also described as BNPL) finance for renewable energy technologies. It will allow residential Australians to pay for the installation of renewable technologies such as solar panels over 72 months.

Digital mapping company Aerometrex (ASX:AMX) had opened an online store to showcase its product range. It will allow customers to purchase specific 3D data sets online and be aimed at SMEs.

Medtech 4D Medical (ASX:4DX) completed a $40 million capital raising leaving it with nearly $70 million in its coffers than a week ago after receiving MRFF funding. 4DMedical told shareholders it was a commitment of the grant bid that the company provide new capital of its own.

Nickel explorer Duketon (ASX:DKM) unveiled an increase to its JORC resource for its Rosie Nickel Deposit to 2.56Mt @ 3.14 per cent nickel equivalent.

Jason Gunn, founder and Chairman of Oliver’s Real Food (ASX:OLI) has stood down from the company. Taking over is Kimley Wood who only joined the board last year after being voted in by substantial holder Gelba.