Buying in Consumer Cyclicals Sector Supported Australian Market

On 26th October 2021, equity market in Australia ended in green. There was buying pressure on consumer cyclicals as well as industrials sectors. Notably, ASX 20 and ASX MIDCAP50 rose by 0.10% and 0.12%, respectively. Also, ASX 200 witnessed a rise of 0.03% and ASX 300 increased 0.05%.

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

Performance of Indices:

ASX Midcap 50 Index closed at 9,432.70 points. This implies ~21.05%  increase in the past 1 year. 

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

Source: REFINITIV

Gainers and Losers:

In the release dated 26th October 2021, Pilbara Minerals Limited (ASX: PLS) announced that it has executed the shareholders agreement with POSCO for the formation of an incorporated joint venture in order to develop as well as operate 43ktpa lithium hydroxide monohydrate conversion facility in South Korea.

Nanosonics Limited (ASX: NAN) rose by 9.352% to A$6.080 per share.

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

Movement on Wall Street:

On 25th October 2021, NASDAQ Composite increased 0.90% to 15,226.71. Also, Dow Jones Industrials Average rose 0.18% to 35,741.15.

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

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