ASX drops as all sectors drag [Video]

Proactive’s Tylah Tully provides a market wrap for October 18.

The ASX was on track to close down by 0.9%, sitting at 8,281 points at the time of the update.

Over the past five days, the index had gained 0.81% but remained 1.23% below its 52-week high.

Top performers of the day included Telix Pharmaceuticals, which saw a 4.17% increase in its share price to A$21.88 after filing a registration statement with the US Securities and Exchange Commission for a proposed Nasdaq listing.

Perpetual Limited also rose by 3.97% to A$20.43 despite no specific news.

Declining stocks included Flight Centre Travel Group, which dropped 20% to A$17.36 following its presentation at the Morgan Conference.

The company reported a decline in revenue margins from 12.9% in FY2019 to 11.4% in FY2024.

Sector-wise, all sectors were down, with Utilities being the worst performer, dropping 3.11%.

Among small caps, Ovanti saw a significant increase, up over 700% throughout the week, with shares rising …