What you need to know at market close
The ASX closed down 11.50 points to 7304.70 points on Wednesday, as a sell-off in real estate, metals and mining stocks dragged down the key index.
Of the 50 largest stocks, the most movement has been from Block Inc. (ASX:SQ2) which closed lower by 3.6%, Mirvac Group Ltd (ASX:MGR) which finished down by 2.97% and South32 Ltd (ASX:S32) which closed down by 2.73%.
As the top 50 largest companies comprise almost 60% of the total market, any big changes to their share price may influence the overall market.
The biggest gainer on the ASX at the close was Pacific Bauxite Ltd (ASX:PBX) which finished 7566.67% higher – this is a micro cap company.
The biggest loser on the ASX at the close was Sun Resources Ltd (ASX:SUR) which was down 50% at the close of trade – this is a micro cap company.
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