Australian shares unaffected by coronavirus

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Australian stocks have finished higher for a second day but could not sustain a move above 7,000 as the death toll from the coronavirus outbreak in China neared 500. 9News

The big banks were mixed, with Commonwealth dropping 1.2 per cent to $83.28 and Westpac down 0.3 per cent to $24.73.CIMIC climbed 9.8 per cent to $30.98 after the international contractor announced a new chief executive and a full-year $1 billion loss driven by its decision to exit the Middle East market.

Perenti Global shares lifted 5.0 per cent to $1.48 after confirming it was thinking about buying Downer EDI's mining servicing business. Downer shares rose 0.4 per cent to $7.29. Betmakers soared 56.3 per cent to a two-year high of 37.5 cents after signing an exclusive deal to manage horseracing odds in the US state of New Jersey.The big banks were mixed, with Commonwealth dropping 1.2 per cent to $83.28 and Westpac down 0.3 per cent to $24.73.- The benchmark S&P/ASX200 index finished up 27.4 points, or 0.39 per cent, at 6,976.1 points.- At 1725 AEDT, the SPI200 futures index was down two points, or 0.03 per cent, at 6,906 points.- 73.75 Japanese yen, from 73.

Source: News Formal (newsformal.com)

 

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