Australian Market Closed in Red as Technology Stocks Witnessed Selling

On 2 December 2021, the broader equity market was down mainly due to selling witnessed in technology sector. On the same day, ASX 200 has witnessed a fall of 0.15% to 7,225.20 and ASX 300 encountered a decline of 0.20% to 7,233.90.

 Major S&P/ASX Indices Movement

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

Performance of Indices:

ASX Midcap 50 Index closed at 9,283.30 points. This implies ~14.67% 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:

Worley Limited (ASX: WOR) has recently released investor day presentation. The company has stated that it continues to accelerate its transformation strategy.

AGL Energy Ltd (ASX: AGL) rose by 3.992% to A$5.470 per share.

Top 5 Gainers and Losers on 2nd December 2021

Source: REFINITIV

Movement on Wall Street:

On 1st December 2021, NASDAQ Composite declined by 1.83% to 15,254.05. Notably, Dow Jones Industrials Average fell 1.34% to 34,022.04.

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

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