Selling in Energy and Basic Materials Sectors Impacted Australian Market

On 15th September 2021, the Australian market closed in red since huge selling was encountered in the energy as well as basic materials sectors. On the same day, ASX 20 declined by 0.41% to 4,074.40 and ASX 300 fell by 0.26% to 7,422.10. Also, ASX 200 declined by 0.27%.

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

Performance of Indices:

ASX Midcap 50 Index and ASX Small Ordinaries Index ended at 9,386.60 and 3,539.00 points, respectively. ASX Midcap 50 Index rose ~32.74% in the 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:

In the release dated 13th September 2021, Elders Limited (ASX: ELD) made an announcement that it has managed to refinance the debt facilities in order to deliver the simplified tranche structure better tailored to the company’s seasonal cash flows, extended tenure as well as improved terms.

Pilbara Minerals Ltd. (ASX: PLS) rose by 8.41% to NZ$2.450 per share.

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

Movement on Wall Street:

On 14th September 2021, NASDAQ Composite fell 0.45% to 15,037.76. Notably, Dow Jones Industrials Average declined 0.84% to 34,577.57.

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

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