The Market Movers || Did ASX 200 Dip Due To Losses In Banking Stocks Today?

• This is The Market Movers show, where we take you through the trending ASX listed stocks that are on the gainer’s trajectory every day.

• The ASX 200 dipped due to losses in banking and technology stocks. The tech stocks dipped after NASDAQ fell nearly 2% in the overnight trade. However, miners rose to their highest in nearly 13 years. The global mining players also performed well amid rise in commodity prices. Materials was best performing sector.  

• The stock QBE Insurance Group Ltd (ASX:QBE) rose 4% to the day’s high of AU$10.87. QBE Insurance is the general insurance and reinsurance company in Australia.

• The stock of the miner BHP Group Ltd (ASX:BHP) surged just over 3% to the intra-day high of AU$50.32. 

• The healthcare stock Polynovo Ltd (ASX:PNV) surged just over 3% to AU$2.91. The stock has been in focus amid the ongoing US dollar rally. The healthcare boost by the government amid the ongoing COVID-19 pandemic has also helped the stock of the medical device company. 

• The stock of the multinational insurance company Insurance Australia Group Ltd (ASX:IAG) rose just over 2% to AU$5.06

• The stock of the intellectual property services firm IPH Ltd (ASX:IPH) soared just over 2% to the intra-day high of AU$7.17


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