ASX 200 Made New 100-Day High

On May 10, 2021, broader market witnessed favourable movement led by basic materials stocks. Notably, ASX 200 rose by 92.00 points or 1.30% to 7172.80. As can be seen from the below table, ASX 300 also increased by 1.28% to 7164.50 while ASX MIDCAP50 surged by 1.60% to 8,747.30.

Data Source: ASX; Table Source: Copyright © 2021 Kalkine Media

ASX Midcap 50 Outperformed Rest of the Indices

ASX 200 Index managed to close at 7,172.80, reflecting ~31.34% growth in 1 year. Also, ASX MidCap 50 Index and ASX Small Ordinaries Index settled at the levels of 8,747.30 and 3,277.60 points, respectively. Therefore, it could be said that the ASX MidCap 50 Index and ASX Small Ordinaries Index outperformed the broader market (ASX 200 Index).

Source: Refinitiv, Thomson Reuters

Gainers and Losers

On May 10, 2021, the share price of Pilbara Minerals Ltd (ASX: PLS) rose by 10.59% to A$1.305 after the company announced significant initial assay results from the exploration as well as resource extension drilling programs at its Pilgangoora Lithium-Tantalum Project (100%-owned) in the WA.

However, The a2 Milk Company Ltd. (ASX: A2M) declined by 13.11%.

Data Source: ASX; Table Source: Copyright © 2021 Kalkine Media

Movements on Wall Street

On 7th May 2021, NASDAQ Composite rose by 0.88% to 13,752.24. However, Dow Jones Industrial Average increased 0.66% to 34,777.76. 

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