Market continues to trend sideways as investor await US debate

The ASX200 remained virtually unchanged for the day, finishing a mere 0.2 points down. While there was a bit of a rise on open, up 0.7% at one stage, the market was promptly sold down from its three-week high. This can be attributed to losses particularly from the mining sector.

Investors now wait anxiously for the outcome between the Biden and Trump showdown were the results from this may ultimately drive the market for weeks to come.

Gainers and Losers

The biggest ASX200 gainers on Tuesday were:

  • Clinuvel Pharmaceuticals +4.1% to $24.38
  • Whitehaven Coal +3.8% to $1.10
  • Janus Henderson +3.7% to $29.93
  • ARB Corp +3.6% to $28.09
  • Appen +3.6% to $34.08

The biggest declines were:

  • Bank of Queensland -7.2% to $5.89
  • Mesoblast -5.6% to $5.19
  • a2 Milk -4% to $14.59
  • Cromwell Property -3.3% to 89 cents
  • Charter Hall Retail REIT -2.5% to $3.46
New to investing? Read about How to keep your investment decisions simple.

Disclaimer:
This article does not take into account the investment objectives, financial situation or needs of a particular person or entity. Before acting on any investment strategy or advice you should first consult with your current ASIC accredited investment professional or seek out a compliant investment professional for such. 

0 Comments