What you need to know at the close
The ASX closed down 100 points with the Information Technology sector driving the losses.
Of the 50 largest stocks, the most movement has been from AngloGold Ashanti (ASX:AGG) which closed higher by 7.03%, Contact Energy (ASX:CEN) which finished higher by 6.46% and Meridian Energy (ASX:MEZ) which closed higher by 3.13%.
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 Adelong Gold (ASX:ADG) - which finished 42.86% higher at the close of trade - this is a micro cap company.
The biggest loser on the ASX at the close was Cyclone Metals (ASX:CLE) - which was down 50.00% at the close of trade - this is a micro cap company.