Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Indexes  >  Australian Stock Exchange  >  S&P/ASX 200    XJO   XC0006013624

S&P/ASX 200

SummaryMost relevantAll NewsOther languagesNews of the index componentsMarketScreener Strategies

Australia shares gain as investors bet on potential COVID-19 vaccine

09/07/2020 | 03:10am EST

* Job advertisements rise for a third straight month

* COVID-19 vaccine to reach Australia by Jan

* Melbourne lockdowns extended until Sept-end

* Miners see biggest one-day gain in a month

Sept 7 (Reuters) - Australian shares finished higher on Monday in a choppy session as firmer job advertisement numbers and prospects of first batches of a COVID-19 vaccine by early next year outweighed the extension of virus-driven lockdowns in Melbourne.

Investors took some solace from the government's deal with CSL to manufacture two vaccines - one developed by rival AstraZeneca and Oxford University, and another developed in CSL's own labs with the University of Queensland.

Sentiment was also buoyed to a degree after job ads rose for a third straight month in August, though economists remained cautious about the outlook for jobs.

The S&P/ASX 200 index rose 0.3% to 5,944.8 at the close of trade, after starting the session in negative territory.

"I definitely think the vaccine will be a very big boost in terms of confidence that will mean we can start reopening the economy," said James Tao, analyst at CommSec.

Tao added the positive developments regarding the vaccine and the lockdown in Victoria were opposing forces at the moment and would determine which way investor confidence would shift.

Coronavirus hotbed Victoria state's extension of a hard lockdown in capital Melbourne on Sunday until September-end had weighed on the benchmark early in the session as investors anticipated further job losses.

Miners ended 2% higher after iron ore futures jumped on a recovery in downstream steel demand, with an added boost from gold stocks.

Global miners BHP Group and Rio Tinto climbed 2.4% and 2.5%, respectively.

Commonwealth Bank of Australia and Westpac Banking Corp led gains among financials, rising 1% and 1.9%, respectively.

Consumer and industrial stocks were the biggest drags on the benchmark, with Transurban Group slipping 2.8% and Woolworths easing 1.3%.

New Zealand's benchmark S&P/NZX 50 index rose 0.3% to finish the session at 11,859.45.

Local shares of Westpac and Australia and New Zealand Banking Group both added 1.5% each. (Reporting by Arpit Nayak in Bengaluru, Editing by Sherry Jacob-Phillips)

© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ASTRAZENECA PLC 1.17% 7987 Delayed Quote.7.82%
BHP GROUP 1.06% 46.62 End-of-day quote.9.88%
COMMONWEALTH BANK OF AUSTRALIA 0.21% 85.27 End-of-day quote.3.85%
CSL LIMITED 0.34% 275.54 End-of-day quote.-2.70%
RIO TINTO GROUP 2.05% 121.77 End-of-day quote.6.98%
S&P/ASX 200 0.36% 6824.7 Real-time Quote.3.24%
TRANSURBAN GROUP -2.01% 13.13 End-of-day quote.-3.88%
WESTPAC BANKING CORPORATION 0.05% 21.79 End-of-day quote.12.49%
WOOLWORTHS GROUP LIMITED 1.10% 41.21 End-of-day quote.4.83%
All news about S&P/ASX 200
12:01aNew Zealand shares end lower weighed by travel, utility stocks; Australia clo..
01/25S&P/ASX 200 : Western Australia Offers Discount for Hotel Stays in Perth
01/25MARKET CHATTER : Australia Pledges More than $1 Billion for Disaster Risk Reduct..
01/25MARKET CHATTER : Pfizer's COVID-19 Vaccine Receives TGA Provisional Approval
01/25Wall Street Leans Forward Pre-Bell; Futures Green, Europe Lower, Asia Up
01/25PRESS RELEASE : EcoGraf Limited: Western Australian EcoGraf(TM) Battery Graphite..
01/25Australian Trade Surplus in December 2020 Rise on Higher Exports, Lower Impor..
01/25Australia Books $7 Billion Trade Surplus in December 2020 on Strong Exports t..
01/25Australia shares end at 11-month high as country approves Pfizer vaccine
01/25Australian Shares Post Small Gain Ahead of Tuesday Holiday; Pfizer’s CO..
More news
News of the index components S&P/ASX 200
01/25BHP : Mt Arthur Coal Blast Notification for the week commencing 25 January 2021 ..
01/25BHP GROUP : RBC gives a Buy rating
01/25REGIS RESOURCES : Quarterly results conference call and presentation
01/25EVOLUTION MINING : Quarterly results conference call
01/25AMPOL : Completes $232 Million Share Buyback
01/25SIMS : Included on Global 100 List of the World's Most Sustainable Companies
01/24BEGA CHEESE : Completes Lion Dairy & Drinks Acquisition
More news
Chart S&P/ASX 200
Duration : Period :
S&P/ASX 200 Technical Analysis Chart | XJO | XC0006013624 | MarketScreener
Technical analysis trends S&P/ASX 200
Short TermMid-TermLong Term
Top / Flop S&P/ASX 200
Heatmap :