The Mid-Market Pulse || Is Material The Best Performing Sector Currently?

This is The Mid Market Pulse show on kalkine Live TV. Lets get started with the mid market commentary for today and see how ASX 200 traded today.

• Materials was the best performing sector, gaining 2.5 per cent. Over the past five sessions, it has rallied 7.60 per cent.

• The government plans to increase spending on mental health support for new mothers and on screening for breast and cervical cancer as part of an $354 million women's health package to be unveiled in the upcoming budget

• ASX opened flat with negative bias as investors remained cautious after Sydney extended COVID-19 restrictions by a week. Moving on to the Gainers and Losers. The top 5 performing stock on the ASX were Star Entertainment Group, Pilbara Minerals Crown Resorts, Fortescue Metals Group and Omni Bridgeway. The top 5 worst performing stocks were A2 Milk Company, Incitec Pivot, Nuix, Appen and Pro Medicus.

• Shares of PointsBet Holdings were up 4 per cent at $14.10 after the company said that its wholly-owned subsidiary PointsBet USA Inc has entered into a binding agreement to acquire Premier Turf Club, an Advance Deposit Wagering operator. 

• The share price of A2 Milk has dropped 12 per cent to $6.18 as the company has again slashed its Financial year 2021 revenue guidance.

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