Buying in Energy and Basic Materials Stocks Supported Australian Market

On 13th September 2021, the broader Australian market ended in green as significant buying was witnessed in the energy as well as basic materials sectors. Notably, ASX 20 rose by 0.15% and ASX 200 increased by 0.25%.

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

Performance of Indices:

ASX Midcap 50 Index and ASX Small Ordinaries Index ended at 9,378.20 and 3,513.80 points, respectively. ASX Midcap 50 Index witnessed a rise of ~33.44% in the previous 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 6th September 2021, Magellan Financial Group Limited (ASX: MFG) released funds under management (or FUM) update. Its total FUM amounted to A$117,955 Mn as at 31st August 2021.

Pilbara Minerals Ltd. (ASX: PLS) rose by 7.32% to A$2.200 per share.

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

Movement on Wall Street:

On 10th September 2021, NASDAQ Composite declined 0.87% to 15,115.49. Notably, Dow Jones Industrials Average fell 0.78% to 34,607.72.

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

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