Buying in Financials and Technology Sectors Supported Australian Market

On 10th August 2021, the broader Australian market ended the session in green as significant buying was witnessed in the financials as well as technology sectors. Notably, ASX 20 rose by 0.33% to 4,274.80 and ASX 200 increased by 0.32% to 7,562.60.

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

Performance of Indices:

ASX Midcap 50 Index and ASX Small Ordinaries Index managed to end at 9,166.10 and 3,484.20 points, respectively. In the time frame of previous 1 year, ASX Midcap 50 Index rose by ~29.52%.

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 August 2021, PointsBet Holdings Limited (ASX: PBH) stated that it would be releasing its FY 2021 financial results on 31st August 2021.

Whitehaven Coal Ltd. (ASX: WHC) rose by 5.99% to A$2.300 per share.

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

Movement on Wall Street:

On 9th August 2021, NASDAQ Composite increased 0.16% to 14,860.18. Notably, Dow Jones Industrials Average declined 0.30% to 35,101.85.

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

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