S&P/ASX200 Dragged Down by Energy Sector: A Quick Look

  • September 24, 2020 09:34 PM AEST
  • Team Kalkine
S&P/ASX200 Dragged Down by Energy Sector: A Quick Look

At the close of trading session on 24th September 2020, equity market of Australia settled in red. The benchmark index S&P/ASX200 fell by 48 points to 5875.9. This was mainly led by fall of 1.85% and 1.66% in energy sector and technology sector, respectively. At the close of same session, All Ordinaries stood at 6056.5 with a fall of 54.8 points.

Sector Summary (Source: Refinitiv  (Thomson Reuters))

Sector Summary (Source: Refinitiv (Thomson Reuters))

Top Gainers and Losers: Abacus Property Group (ASX: ABP) and Mirvac Group (ASX: MGR) moved by 3.61% and 3.38%, respectively. On the other hand, Avita Therapeutics Inc. (ASX: AVH) and Ramelius Resources Limited (ASX: RMS) plunged by 7.20% and 6.48%, respectively.

Top Movers (Source: Refinitiv  (Thomson Reuters)

Top Movers (Source: Refinitiv (Thomson Reuters)

Movement on Wall Street:

On September 23, 2020, Dow Jones Industrial Average witnessed a fall of 1.92 percent to 26,763.13. Notably, NASDAQ Composite declined 3.02% to 10,632.99.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.



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