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What you need to know at the close

The ASX closed down 88 points to start the week and month, as a sell-off in technology stocks weighed down the market and every sector finished Monday’s session in negative territory.

Of the 50 largest stocks, the most movement has been from Goodman Group Ltd (ASX:GMG) which closed lower by 7.21%, Xero Ltd (ASX:XRO) which finished down by 6.35% and Seek Ltd (ASX:SEK) which closed down by 4.93%.

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 Adrabbit Ltd (ASX:RAB) which finished 126.09% 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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