Australian Equity Market Closed in Red  

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Australian Equity Market Closed in Red  

 Australian Equity Market Closed in Red  
Image source: Copyright © 2021 Kalkine Media Pty Ltd.

On 24th January 2022, the equity market of Australia closed the session in red. On the same day, ASX Midcap50 fell by 0.71% and ASX 200 was down by 0.51%. ASX All Ordinaries moved down by 0.65% to 7,441.50. It could be said that the Australian market ended lower mainly because of the sell-off witnessed in the US markets on 21st January 2022.

Major S&P/ASX Indices Movement

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

Performance of Indices:

ASX Midcap 50 Index closed at 9,270 points. This implies ~10.53% increase in the previous 1 year.

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

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

Source: REFINITIV

Gainers and Losers:

Uniti Malt Group Ltd (ASX: UMG) rose by 9.283% to $4.120.

REA Group Ltd (ASX: REA) notified that it will release its 1HFY22 results on 4th February 2022.

Top 5 Gainers and Losers on 24 January 2022

Source: REFINITIV

Movement on Wall Street:

On 21st January 2022, NASDAQ Composite encountered a huge decline of 2.72% to 13,768.92. Notably, Dow Jones Industrials Average declined by 1.30% to 34,265.37.

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

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