Performance of Utilities and Financials Weighed Over Broader Market

On 23rd June 2021, the selling pressure on utilities and financials sectors impacted the performance of the broader market. Notably, ASX 20 declined by 0.81% to 4,099.20 and ASX 200 fell by 0.60%. Also, ASX 300 declined by 0.59%. 

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

ASX Midcap 50 Outperformed Rest of Indices:

ASX 200 Index settled at 7,298.50, reflecting a growth of ~22.57% in 1 year. Notably, ASX Midcap 50 Index and ASX Small Ordinaries Index managed to settle at 8,942.90 and 3,350.30 points, respectively.

S&P/ASX 200 vs S&P/ASX Midcap 50 Index vs ASX Small Ordinaries Index – One Year Return


Gainers and Losers:

In the release dated 22nd June 2021, Washington H. Soul Pattinson and Company Limited (ASX: SOL) announced that it has entered into the binding Scheme Implementation Agreement with Milton Corporation Limited. Therefore, SOL would be acquiring 100% of MLT’s shares on issue which it does not own by way of the recommended Scheme of Arrangement.

Notably, Zip Co Ltd (ASX: Z1P) rose by 6.44% to A$8.600 per share

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

Movement on Wall Street:

On 22nd June 2021, NASDAQ Composite witnessed an increase of 0.79% to 14,253.27. Notably, Dow Jones Industrials Average increased 0.20% to 33,945.58.

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





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