Australia/New Zealand Stocks

Australia/New Zealand Stocks

Australia: Shares rise as vaccine hopes lift energy, travel stocks

Australia: Shares rise as vaccine hopes lift energy, travel stocks

10/11/2020 9:22:00 AM

Australia: Shares rise as vaccine hopes lift energy, travel stocks

[BENGALURU] Australian shares closed higher for a fourth straight session on Tuesday as progress in the development of a Covid-19 vaccine raised hopes of a swifter recovery in the global economy and bolstered hard-hit travel, tourism and energy stocks. Read more at The Business Times.

Tell us what you think. Email us and travel-related stocks such as Flight Centre Travel Group, Sydney Airport Holdings and Qantas Airways rose more than 8 per cent each on the news.Energy stocks, which have been among the worst hit by the pandemic due to a plunge in fuel demand, surged as much as 8.9 per cent to record their best session since early April.

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Nearly all stocks on the sub-index were higher, with Oil Search and Beach Energy climbing more than 14 per cent each.Heavyweight financial stocks rose to their highest levels since June 10, with the"Big Four" banks adding between 3 per cent and 7.6 per cent.

National Australia Bank ended 7.6 per cent higher, overtaking Sydney-based rival Westpac Banking as the country's second-largest lender based on market value.However, tech and consumer stocks, which have so far benefitted from an online shopping boom and panic buying triggered by the pandemic, dropped more than 3 per cent.

Across the Tasman Sea, New Zealand's benchmark S&P/NZX 50 index hit a record high before closing marginally higher at 12,612.39.Investor attention will turn to country's central bank meeting on Wednesday, where it is expected to unveil a new monetary policy tool to drive borrowing costs for lenders lower and maintain the official rate at 0.25 per cent.

REUTERSBT is now on Telegram! Read more: The Business Times »

1.8 million people have received at least one dose of COVID-19 vaccine: Health minister

A total of 1.2 million people have completed the full vaccination regimen, says Mr Gan Kim Yong.

Australia: Shares end flat as central bank governor flags 'bumpy' road to recovery[BENGALURU] Australian shares ended little changed on Wednesday as optimism over a quarterly economic recovery was tempered by cautious comments from the central bank, while escalating trade tensions with China also dented investor sentiment. Read more at The Business Times. Check it out! Do You Want To Make 5 stunning animated logo intro videos in $5? Please Contact Me : LogoAnimation MadeOnFiverr Top Logo Animation Best Logo Animation

Australia: Shares gain as Biden transition, vaccine cheer lift risk assets[BENGALURU] Australia shares finished higher on Wednesday, lifted by the formal start of US President-elect Joe Biden's transition to the White House and as investors also expect a swift economic revival on coronavirus vaccine progress. Read more at The Business Times. Hello,guys I'm video promoter. I'm Expert in YouTube promotion, Spotify Promotion, Soundcloud promotion, Tiktok promotion and Social media any side. Please give me one chance. I will try my best service for you. This is my Fiverr gig link Vaccine makers all have legal indemnity. mRNA technology has yet to produce an approved medicine, let alone a vaccine.

Australia bourse halts trading on 'data issues' after shares hit 8-month highSYDNEY: Trading on the Australian Securities Exchange was halted on Monday (Nov 16) as the stock exchange operator cited 'market data issues', ...

Australia: Shares end at nine-month high; NZ up for 11th day[BENGALURU] Australian shares closed on Tuesday at their highest in nearly nine months, pushed up by financial and energy stocks after Wall Street surged overnight on news of the promising results of a second coronavirus vaccine candidate. Read more at The Business Times.

Australia: Shares end higher as financials gain; NZ falls[BENGALURU] Australian shares closed higher on Thursday, recouping early losses due to gains in financial stocks, while New Zealand extended falls from the previous session as worries over surging global Covid-19 cases dampened sentiment. Read more at The Business Times.

Australia: Shares snap four-day rally as virus outbreaks weigh[SYDNEY] Australian shares closed a muted session lower on Friday, as losses in the prominent gold sector outweighed gains in financials, while investors held off big bets as major cities across the world reported virus outbreaks and shutdowns. Read more at The Business Times.