Buying in Energy and Financials Sectors Helped Australian Market

On 27th September 2021, the Australian market closed the session in green. This was mainly because of buying encountered in the energy as well as financials sectors. Notably, ASX 20 rose by 0.62% to 4,059.60 and ASX 300 increased by 0.54% to 7,385.90. Also, ASX 200 rose by 0.57% to 7,384.20.

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

Performance of Indices:

ASX Midcap 50 Index managed to close at 9,333.20 points, which reflects a rise of ~30.54% in the time span of one 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:

Beach Energy (Perth Basin) Pty Limited, which is the subsidiary of Beach Energy Limited (ASX: BPT), made an announcement that it has entered into the Heads of Agreement with BP Singapore Pte. Limited, which is the subsidiary of BP plc with regards to the supply of Beach’s share of liquefied natural gas from the Waitsia Gas Project Stage 2.

Redbubble Ltd. (ASX: RBL) rose by 7.57% to A$4.690 per share.

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

Movement on Wall Street:

On 24th September 2021, NASDAQ Composite fell 0.03% to 15,047.70. Notably, Dow Jones Industrials Average rose by 0.10% to 34,798.00.

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

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