Technology and Academic and Educational Services Sectors Helped Equity Market in Australia

On 14th October 2021, Australian market ended on a positive note as robust buying was witnessed in the technology as well as academic and educational services sectors. Notably, ASX 20 and ASX 100 rose by 0.16% and 0.45%, respectively. Notably, ASX 200 increased by 0.54%.

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

Performance of Indices:

ASX Midcap 50 Index closed at 9,271.60 points. This implies ~19.04% rise 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:

Netwealth Group Limited (ASX: NWL) released business update for the quarter ended September 2021. The company’s FUA as at 30th September 2021 amounted to $52 Bn, reflecting a rise of 10.2% for the quarter ended September. This includes market movement of $0.8 Bn as well as a rise of $17.9 Bn (or 52.7% increase) to PCP including positive market movement of $6 Bn.

Megaport Ltd. (ASX: MP1) rose by 6.82% to A$17.700 per share.

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

Movement on Wall Street:

On 13th October 2021, NASDAQ Composite increased 0.73% to 14,571.64. Notably, Dow Jones Industrials Average closed at 34,377.81.

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

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