Selling in Healthcare and Basic Materials Sectors Impacted Market

On 28th September 2021, the market in Australia ended in red. This was mainly because of selling witnessed in the healthcare as well as basic materials sectors. Notably, ASX 20 fell by 1.61% to 3,994.40 and ASX 300 declined by 1.45%. Also, ASX 200 fell by 1.47% to 7,275.60.

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

Performance of Indices:

ASX Midcap 50 Index managed to end at 9,229.20 points. This implies an increase of ~29.09% in the time frame of the past one 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:

Beach Energy Limited (ASX: BPT) released 2021 investor update and the company stated that it is having low gearing. The company’s balance sheet is fully funded to support the FY 2024 growth target.

Oil Search Ltd. (ASX: OSH) rose by 7.05% to A$4.400 per share.

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

Movement on Wall Street:

On 27th September 2021, NASDAQ Composite fell 0.52% to 14,969.97. Notably, Dow Jones Industrials Average rose 0.21% to 34,869.37.

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

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