Market Update: S&P/ASX200 Closed in Red as Energy Sector Declined

  • October 16, 2020 10:14 PM AEDT
  • Team Kalkine
Market Update: S&P/ASX200 Closed in Red as Energy Sector Declined

At the close of trading session on October 16, 2020, the equity market of Australia closed in red as the benchmark index S&P/ASX200 fell by 33.50 points to 6176.80. Academic and Educational Services sector witnessed a rise of 2.64% and Consumer Cyclicals sector increased by 0.13%. On the flip side, energy sector declined by 1.26%.

Sector Summary (Source: Refinitiv (Thomson Reuters))

Movements on Wall Street:

On October 15, 2020, Dow Jones Industrial Average fell by 0.069% to 28,494.20. Notably, NASDAQ Composite encountered a decline of 0.47% to 11,713.87.

Top Gainers and Losers: Unibail-Rodamco-Westfield SE (ASX: URW) and G.U.D. Holdings Limited (ASX: GUD) soared by 12.08% and 6.26%, respectively. On the other hand, GPT Group (ASX: GPT) declined by 4.73%.

Top Movers (Source: Refinitiv (Thomson Reuters))

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

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