Market Update:S&P/ASX200 Witnessed a Marginal Fall; Pulled Down by Telecommunications Services Sector

  • Sep 15, 2020 AEST
  • Team Kalkine
Market Update:S&P/ASX200 Witnessed a Marginal Fall; Pulled Down by Telecommunications Services Sector

On 15th September 2020, equity market of Australia settled in red as benchmark index S&P/ASX200 witnessed a fall of 4.7 points. At the close of same session, All Ordinaries moved up by 0.01% to 6079.3. The healthcare sector and industrials sector went up by 1.05% and 0.43%, respectively. However, the telecommunications services sector plunged by 1.73%.

Sector Summary (Source: Refinitiv (Thomson Reuters))

On March 31, 2020, ASX introduced temporary emergency measures for capital raising. This was done in order to help listed entities impacted by the pandemic to garner capital. Notably, the measures also included protections for the retail investors. ASX has even extended temporary emergency capital raising measures till November 30, 2020. There are expectations that since there has been some sort of stabilisation in the market, there could be some revision.

Gainers and Losers: Silver Lake Resources Limited (ASX: SLR) (up 8.23%), Northern Star Resources Ltd (ASX: NST) (up 7.42%) and Perseus Mining Limited (ASX: PRU) (up 6.19%). On the flip side, SkyCity Entertainment Group Limited (ASX: SKC) and Cleanaway Waste Management Limited (ASX: CWY) moved down by 5.02% and 4.27%, respectively.

Top Movers (Source: Refinitiv (Thomson Reuters)

Movement in the US Markets:

On September 14, 2020, Dow Jones Industrial Average increased 1.18% to 27,993.33. On the same day, NASDAQ Composite rose by 1.87% to 11,056.65.


The website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The article has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. All pictures are copyright to their respective owner(s). does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


Want to get exclusive insights into the star stock of the year? Gold stocks stood solid and ensured a safety net for investors.

Click now to access our report on Gold Stocks to understand how the rise in gold prices propelled the ASX-listed gold stocks, and many emerged as the star performer of the year.

Inside this report, you shall discover

How the price trends of gold have got it where it is With the rallying gold prices and the record-buying from Central Banks, the gold spot rose from $1,655.14 (low in December 2018) to $2,322.26 (high in August 2019). A promising return of over 40 percent was seen in the year 2019. Get exclusive insights into how the trends set the foundation for the performance and how Gold stocks seem to be a safe bet when you look back.

Which stocks you should have been looking at: Find out which stocks delivered promising returns to investors. Gold stocks such as Gold Road Resources Limited (ASX: GOR), Kirkland Lake Limited (ASX: KLA) Newcrest Mining Limited (ASX: NCM) delivered better returns against the S&P Commodity Producers Gold Total Return Index.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK