Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

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

S&P/ASX 200

(XJO)
SummaryQuotesChartsNewsHeatmapComponents 
SummaryMost relevantAll NewsNews of the index componentsMarketScreener Strategies

Australian shares set for biggest weekly loss since April

10/29/2020 | 08:51pm EST

* AMP sees best day in 17 years on takeover offer

* Financials mark biggest intraday gain in more than two weeks

* Gold stocks touch 4-month low

Oct 30 (Reuters) - Australian shares edged lower on Friday as concerns about the global economic health due to surging COVID-19 cases around the world overshadowed upbeat U.S. data, with the benchmark heading for its biggest weekly drop since April.

The S&P/ASX 200 index slipped 0.3% or 20.50 points to 5,939.8 by 0143 GMT.

While the U.S. economy grew at a record pace in the third quarter, helping Wall Street close higher, surging COVID-19 cases in the country and in Europe, the resultant nationwide lockdowns in Germany and France weighed on sentiment.

Fears about what these would mean for an already fragile economic recovery pressured Australian stocks, with the gold sub-index driving losses. The index fell 1.4% to a four-month low.

OceanaGold Corp slumped 10%, followed by Red 5 Ltd , down 4.3%.

The Australian tech index dropped 1.3%. Fintech firm EML Payments Ltd and machine learning company Appen Ltd were among biggest laggards, down 3.8% and 2.3%, respectively.

Healthcare shares slid 0.7%, with the industry major CSL Ltd shedding 0.4%.

Financial stocks were a bright spot as they added as much as 1.4% and marked their biggest intraday gain in more than two weeks, largely due to AMP Ltd's 20% surge.

Shares of the troubled wealth manager saw their biggest intraday percentage gain in 17 years and topped the benchmark after U.S.-based Ares Management Corp made a non-binding acquisition offer which local media says could be valued about A$5 billion ($3.56 billion).

The number of issues on the ASX that advanced were 713, while 569 declined as a 1.3-to-1 ratio favoured advancers.

In New Zealand, the benchmark S&P/NZX 50 index fell 0.5% to 12,138.8, dragged by Fisher & Paykel Healthcare Corp and Auckland International Airport.

($1 = 1.4027 Australian dollars) (Reporting by Anushka Trivedi in Bengaluru; editing by Uttaresh.V)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AMP LIMITED -0.96% 1.55 End-of-day quote.-0.64%
APPEN LIMITED 1.25% 22.6 End-of-day quote.-8.46%
ARES MANAGEMENT CORPORATION -1.40% 45.14 Delayed Quote.-4.06%
ASX LIMITED 0.75% 71.37 End-of-day quote.-0.87%
AUCKLAND INTERNATIONAL AIRPORT LIMITED -2.25% 7.17 End-of-day quote.-5.41%
CSL LIMITED 0.09% 267.5 End-of-day quote.-5.54%
EML PAYMENTS LIMITED 1.91% 3.73 End-of-day quote.-10.77%
FISHER & PAYKEL HEALTHCARE CORPORATION LIMITED 0.73% 31.65 End-of-day quote.-4.00%
OCEANAGOLD CORPORATION -3.39% 2.28 End-of-day quote.-11.63%
RED 5 LIMITED -3.85% 0.25 End-of-day quote.-3.85%
S&P/ASX 200 1.19% 6742.6 Real-time Quote.1.95%
All news about S&P/ASX 200
04:09aS&P/ASX 200 : Australia's Payroll Jobs Rebound to Pre-Pandemic Levels in Mid-Dec..
MT
12:40aAustralia shares close higher on rebound in miners, financials
RE
12:23aConsumer Discretionary, IT Lead Gains on Australian Bourse; ANZ-Roy Morgan Co..
MT
12:11aS&P/ASX 200 : Consumer Discretionary, IT Sectors Lead Gains on Australian Bourse
MT
01/19S&P/ASX 200 : Australian Consumer Confidence Down Slightly in Mid-January
MT
01/18S&P/ASX 200 : Australian Weekly Payroll Jobs, Wages Fall in Last Two Weeks of 20..
MT
01/18Australia shares jump 1%, led by gains in mining and financial stocks
RE
01/18Australia shares jump 1% on reports Queensland to lift lockdown curbs
RE
01/18EANS-NEWS : European Lithium Limited / $7m Raised to fund Lithium Exploration - ..
DJ
01/18OceanaGold Closes Lower in Australian Trading as Details Preliminary Operatio..
MT
More news
News of the index components S&P/ASX 200
04:05aIGO : Raises $44 Million Via Retail Entitlement Offer
MT
03:40aNATIONAL AUSTRALIA BANK : Appendix 2A
PU
03:40aDOWNER EDI : wins two AfPA awards
PU
03:14aAUSTAL : Launches volta series of electric-powered high speed ferries
PU
12:40aAustralia shares close higher on rebound in miners, financials
RE
01/18Australia shares jump 1%, led by gains in mining and financial stocks
RE
01/18BINGO INDUSTRIES : Confirms Media Reports Related to Takeover Bid; Shares Surge ..
MT
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
TrendsNeutralBullishNeutral
Heatmap :