What you need to know at the close

The ASX closed down 24 points with the Utilities sector driving the gains.

Of the 50 largest stocks, the most movement has been from Mercury NZ (ASX:MCY) which closed higher by 5.00%, Allkem (ASX:AKE) which finished higher by 4.15% and Unibail-Rodamco-Westfield (ASX:URW) which closed higher by 3.23%.

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 Future First Technologies (ASX:FFT) - which finished 66.67% higher at the close of trade - this is a micro cap company.

The biggest loser on the ASX at the close was Health House International (ASX:HHI) - which was down 44.44% at the close of trade - this is a micro cap company.