The ASX closed down 32 points with the Industrials sector driving the gains.

Of the 50 largest stocks, the most movement has been from Whitehaven Coal (ASX:WHC) which closed higher by 5.88%, Lynas Rare Earths (ASX:LYC) which finished higher by 4.75% and Mercury NZ (ASX:MCY) which closed higher by 3.75%.

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 Key Petroleum (ASX:KEY) - which finished 100.00% 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.