What you need to know at the market close
The ASX closed down 85 points to 7120.60 points on Monday, as a sell-off in technology stocks weighed on the market. Every sector aside from energy stocks, closed the session lower.
Of the 50 largest stocks, the most movement has been from Block Inc. (ASX:SQ2) which closed lower by 6.87%, Fortescue Metals Group Ltd (ASX:FMG) which finished down by 6.48% and Goodman Group Ltd (ASX:GMG) which closed down by 4.51%.
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 Amani Gold Ltd (ASX:ANL) which finished 100% 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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