As expected, the S&P/ASX 200 retracted this morning falling 0.5% to 7,498 at time of writing.
Disappointing reporting results dragged the market down, with eight of the 10 worst-performing stocks reporting in the past two days.
Some of the stocks hit hardest were Appen Ltd down 19%, Link Administration Holdings Ltd down 10% and A2 Milk Company Ltd and Platinum (AIM:ZERO) Asset Management Ltd
both down 8% after reporting. Coles Group Ltd fell 1.8% and Newcrest Mining Ltd dropped 3.3% ex-dividend.
The mining and banking sectors were also a drag.
There have been some winners to buck the trend: Blackmores Limited (ASX:BKL) is up 8.4%, Whitehaven Coal Ltd rose 5%, Qantas Airways (ASX:QAN) Limited and Flight Centre Travel Group Ltd rose 3% and Woolworths Group Ltd rose 1.4% on the back of its $2 billion off-market buyback announcement.
On the small cap front
Valor Resources Ltd (ASX:VAL) is up 12.5% today after it identified multiple priority uranium targets at the Cluff Lake Uranium Project within the Athabasca Basin in Canada.
Legend Mining Limited (ASX:LEG) is up 2.5% on the back of its diamond drilling at its Rockford Project in Western Australia's Fraser Range.
Matador Mining Ltd (ASX:MZZ, OTCQX:MZZMF) is up 1.23% having delivered further strong results from Cape Ray Gold Project in Newfoundland, Canada.
Perseus Mining Ltd (ASX:PRU, TSX:PRU, OTC:PMNXF) is up 0.34% at time of writing after increasing its net profit by 48% in FY2021 to A$139 million, compared to A$94.4 million in the previous financial year – a 47.6% improvement.