Selling in Basic Materials and Utilities Sectors Weighed Over Broader Market

On 17th September 2021, the broader Australian market ended in red as significant selling was encountered in the basic materials as well as utilities sectors. Notably, ASX 20 fell by 0.88% and ASX 300 declined by 0.74%. Also, ASX 200 fell by 0.76%.

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

Performance of Indices:

ASX Midcap 50 Index and ASX Small Ordinaries Index ended at 9,352.60 and 3,519.60 points, respectively. ASX Midcap 50 Index rose ~32.20% in the time frame of previous 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:

Ingenia Communities Group (ASX: INA) made an announcement that the company’s Development Joint Venture with Sun Communities witnessed its 4th acquisition - a 13.5ha, DA approved greenfield site on Sunshine Coast.

Redbubble Ltd. (ASX: RBL) rose by 6.30% to A$4.050 per share.

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

Movement on Wall Street:

On 16th September 2021, NASDAQ Composite rose 0.13% to 15,181.92. Notably, Dow Jones Industrials Average fell 0.18% to 34,751.32.

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

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