Selling in Utilities and Energy Sectors Impacted Broader Market

On 30th July 2021, the broader Australian market was impacted by the selling pressure witnessed on the utilties as well as energy sectors. ASX 20 declined by 0.32% and ASX MIDCAP50 fell by 0.66%. However, ASX 200 fell by 0.33%.

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

Performance of Indices:

ASX Midcap 50 Index and ASX Small Ordinaries Index ended at 9,047.20 and 3406.30 points, respectively. In the time frame of past one year, ASX Midcap 50 Index increased ~28.28%.

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

Gainers and Losers:

Origin Energy Limited (ASX: ORG) stated that there are expectations that it would recognise non-cash post-tax charges amounting to $2,247 Mn in its FY 2021 Statutory Income Statement which is to be released with its full-year results on 19th August 2021.

Redbubble Ltd. (ASX: RBL) declined by 11.23% to A$3.240 per share.

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

Movement on Wall Street:

On 29th July 2021, NASDAQ Composite witnessed a rise of 0.11% to 14,778.26. Notably, Dow Jones Industrials Average increased by 0.44% to 35,084.53.

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

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