Selling in Consumer Cyclicals and Technology Sectors Weighed Over Australian Market

On 27th August 2021, the broader Australian market was influenced by the selling pressure witnessed on the consumer cyclicals as well as technology sectors. Notably, ASX 20 fell by 0.03% and ASX 300 declined by 0.07% to 7,488.00. Also, ASX 200 declined by 0.04% to 7,488.30.

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

Performance of Indices:

ASX Midcap 50 Index and ASX Small Ordinaries Index managed to end at 9,231.70 and 3,506.30 points, respectively. Notably, ASX Midcap 50 Index rose ~25.29% as depicted in the below chart.

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

Source: REFINITIV

Gainers and Losers:

In the release dated 26th August 2021, CLINUVEL PHARMACEUTICALS LTD (ASX: CUV) released FY 2021 results. The company has announced record annual revenues of $48.451 Mn as well as profit of $25.713 Mn before tax for the year ended 30th June 2021 (FY 2021).

Pilbara Minerals Ltd. (ASX: PLS) fell by 6.55% to A$2.070 per share.

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

Movement on Wall Street:

On 26th August 2021, NASDAQ Composite declined 0.64% to 14,945.81. Notably, Dow Jones Industrials Average fell by 0.54% to 35,213.12. 

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

 

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