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What you need to know at the market close

The ASX closed higher on Friday by 134.10 points to 7075.10 points as a more than 5% surge in technology stocks led the gains on the key index.

Of the 50 largest stocks, the most movement has been from Block Inc (ASX:SQ2) which closed higher by 14.62%, Xero Ltd (ASX:XRO) which finished up by 9.14% and Macquarie Group Ltd (ASX:MQG) which closed higher by 4.35%.

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 Nuheara Ltd (ASX:NUH) which finished 1500% higher – this is a micro cap company.

The biggest loser on the ASX at the close was Sun Resources (ASX:SUR) which was down 50% at the close of trade – this is a micro cap company.

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