Selling in Basic Materials and Financials Sectors Weighed Over Australian Market

On 13th October 2021, the equity market in Australia ended in red as significant selling pressure was witnessed on the basic materials as well as financials sectors. Notably, ASX 20 fell by 0.45% and ASX 300 declined by 0.07%. Also, ASX 200 fell by 0.11%.

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

Performance of Indices:

ASX Midcap 50 Index closed at 9,152.10 points. This reflects an increase of ~17.86% in the past 1 year. 

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

Source: REFINITIV

Gainers and Losers:

Recently, G.U.D. Holdings Limited (ASX: GUD) released an important presentation in which it updated about the trading update for 1Q FY 2022. The company mentioned that demand has been resilient despite widespread as well as protracted lockdowns.

The Star Entertainment Group Ltd. (ASX: SGR) rose by 6.54% to A$3.420 per share.

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

Movement on Wall Street:

On 12th October 2021, NASDAQ Composite declined 0.14% to 14,465.93. Notably, Dow Jones Industrials Average fell 0.34% to 34,378.34.

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

Comment


Disclaimer

Ad

GET A FREE STOCK REPORT


Top Penny Picks under 20 Cents to Fit Your Pocket! Get Exclusive Report on Penny Stocks For FREE Now.


   
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