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What you need to know at the close

The ASX closed lower on Thursday by 123.70 points to 6941 points as more than 8% sell-off in technology stocks weighed down the market.

Of the 50 largest stocks, the most movement has been from Block Inc (ASX:SQ2) which closed lower by 17.94%, Altium Ltd (ASX:ALU) which finished down by 16.69% and Life360 Inc (ASX:360) which closed lower by 12.89%.

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 4DMedical Ltd (ASX:4DX) which finished 17.54% higher.

The biggest loser on the ASX at the close was Block Inc (ASX:SQ2) which was down 17.94% at the close of trade.

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