ASX Indices Witnessed Strong Rally Led By RIET and Technology Stocks

On 10th June 2021, Australian indices ended in green, giving decent returns on the investment to the investors on stocks mainly driven by real estate and technology sector. Notably, ASX 20 rose by 0.27% to 4,112.30 and ASX 200 surged by 0.44% to 7,302.50. Also, ASX MIDCAP50 moved up by 0.49%. 

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

ASX Midcap 50 Outperformed Rest of Indices:

ASX 200 Index settled at 7,302.50, showing significant growth of ~18.77% in 1 year. Also, ASX Midcap 50 Index and ASX Small Ordinaries Index settled at 8,880.00 and 3,356.90 points, respectively.

S&P/ASX 200 vs S&P/ASX Midcap 50 Index vs ASX Small Ordinaries Index – One Year Return

Source: REFINITIV

Gainers and Losers:

Worley Limited (ASX: WOR) announced that Tom Honan would be stepping down from the position of Chief Financial Officer (or CFO), effective 21st June 2021. The company has also confirmed that the current Executive Group Director Corporate Finance, Charmaine Hopkins, would be acting as the Interim CFO, effective 22 June 2021 until the permanent appointment starts.

On 10th June 2021, Iress Limited (ASX: IRE) rose by 16.80%.

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

Movements on Wall Street:

On 9th June 2021, NASDAQ Composite Index fell 0.09% to 13,911.75. Also, Dow Jones Industrials Average declined 0.44% to 34,447.14.

Note: The reference data in this article has been partly sourced from REFINITIV


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