Market Close Commentary; 23 February 2021

  • February 23, 2021 08:00 PM AEDT
  • Team Kalkine

On Tuesday, ASX 200 finished in the green zone after gaining 58.30 points. The benchmark index settled at 6839.20 points, up by 0.86 per cent. The Energy sector led the gain, followed by A-REIT, Materials, Industrials and Financials.

Gold MTF non-AMP

All other sectors, including IT, Consumer Discretionary, Telecommunications Services and others, ended in the red zone.

On 22 February 2021, Nasdaq Composite and S&P 500 declined by 2.46 per cent and 0.77 per cent, respectively. The Dow Industrials settled slightly up by 0.09 per cent.

At AEDT 5:55 PM, crude oil traded at USD 62.49 a barrel, indicating a 1.30 per cent uptick. Gold traded at USD 1811.56, a 0.10 per cent uptick.

Bitcoin plunged by 11.44 per cent and traded at USD 49,534.0. The bitcoin rally has stopped since Monday, and Elon Musk's tweet on Saturday is being seen as contributing factor to this fall.

AUD/USD traded flat at 0.7915.

FOR MORE DETAILS, READ HERE: Why Australian stocks closed higher?

See the graph to know which stocks performed the best and which performed the worst today.

 


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