The market has shuddered to a stop for Thursday, closing down 1.9 per cent to 7,369.5.Medtech ResMed emerged as the biggest winner of the day, up 1.8 per cent to $40.30, while BHP lost 1.7 per cent to $40.92, and Rio Tinto lost 2.5 per cent to $105.5.Cochlear chief executive Dig Howitt has exercised options earned under the medtech’s incentives plan to buy 8,991 shares in the company - and then sold the same number of shares on market.
Howitt has 48,786 shares in Cochlear, worth around $11.5 million on today’s price. Shares are up 25 per cent year-to-date, with the company confident that business conditions will improve for cochlear implant sales across the world as vaccines continue to roll out.We’ve entered the last hour of trading and every single stock in the ASX 200 financials subsector is trading lower.Here are the biggest losers:NAB down 2 per cent to $28.
South32 has lost 5.2 per cent off its share price today alone, and is down 2.3 per cent over the past week.Shares in small business lender Prospa are up 1.5 per cent to $1.05 this afternoon after the business released a trading update and details of its first asset-backed securitisation for wholesale investors.