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.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.



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