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    SYD   AU000000SYD9


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Australian shares rise on Sydney Airport Holdings, energy stocks boost

09/12/2021 | 09:12pm EDT

Sept 13 (Reuters) - Australian shares rose on Monday as airport operator Sydney Airport Holdings surged after getting a sweetened takeover offer, with firmer energy stocks boosting the benchmark further.

The S&P/ASX 200 index rose 0.3% to 7,427.60 by 0056 GMT.

Sydney Airport Holdings Pty jumped more than 5% to be the top percentage gainer on the benchmark index. The company granted due diligence access to a consortium of infrastructure investors after the group raised its takeover proposal.

Aiding sentiment, Prime Minister Scott Morrison announced that Australia purchased an additional 1 million doses of Moderna's COVID-19 vaccine from the European Union, at a time when the country battles record-high cases.

The ASX 200 energy index rose 1.37%, led by Santos Ltd, up 2.15%, followed by Woodside Petroleum Ltd , gaining 1.66%.

The sub-index tracked oil prices which climbed to a one-week high on concerns over U.S. supplies due to the damage from Hurricane Ida.

The mining index rose 1.26%, led by Ioneer Ltd , up 5.3%. Lynas Rare Earths Ltd followed suit with its 4.79% gain.

Nickel prices had jumped on Friday to their highest in more than seven years due to shortages created by a sharp rise in demand from stainless steel mills and electric vehicle battery makers and sliding stocks.

The gold index rose 0.49%, while technology stocks fell 0.9% .

In New Zealand, the benchmark S&P/NZX 50 index inched 0.15% higher to 13,083.3.

Elsewhere, Japan's Nikkei was down 0.28% at 30298.03 while S&P 500 E-minis futures were up 12.25 points, or 0.27%. (Reporting by Arundhati Dutta in Bengaluru; editing by Uttaresh.V)

© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
IONEER LTD -0.72% 0.69 End-of-day quote.146.43%
LYNAS RARE EARTHS LIMITED -8.06% 6.84 End-of-day quote.71.86%
MODERNA, INC. -3.84% 326.54 Delayed Quote.212.57%
SANTOS LIMITED -2.22% 7.04 End-of-day quote.12.28%
SYDNEY AIRPORT LIMITED 0.00% 8.35 End-of-day quote.30.27%
WOODSIDE PETROLEUM LTD -2.84% 23.27 End-of-day quote.2.33%
10/20Qantas prepares planes for Sydney's international reopening
10/20SYDNEY AIRPORT : Passenger Traffic Plunges 68% in September on COVID-19 Restrictions
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10/18Sydney Airport Says Talks with Bidding Group Including GIP Continue
10/17SYDNEY AIRPORT : maintains intention to recommend sweetened $17.5 billion buyout offer
10/14Australia's Qantas to sell land for $595 million to cushion pandemic blow
09/30Australia to eclipse 14-year M&A record, powered by infrastructure, resources deals
09/29QANTAS AIRWAYS : COVID restrictions bring domestic airline industry to a standstill
09/20GLOBAL MARKETS LIVE : Universal Music Group, China Evergrande, ENI, Prudential, Microsoft...
More news
Analyst Recommendations on SYDNEY AIRPORT LIMITED
More recommendations
Sales 2021 592 M 441 M 441 M
Net income 2021 -305 M -228 M -228 M
Net Debt 2021 8 068 M 6 022 M 6 022 M
P/E ratio 2021 -73,1x
Yield 2021 -
Capitalization 22 534 M 16 837 M 16 819 M
EV / Sales 2021 51,7x
EV / Sales 2022 27,3x
Nbr of Employees -
Free-Float 99,1%
Duration : Period :
Sydney Airport Limited Technical Analysis Chart | SYD | AU000000SYD9 | MarketScreener
Technical analysis trends SYDNEY AIRPORT LIMITED
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 11
Last Close Price 8,35 AUD
Average target price 8,59 AUD
Spread / Average Target 2,83%
EPS Revisions
Managers and Directors
Geoff Culbert Chief Executive Officer
Greg Botham Chief Financial Officer
Trevor Gerber Independent Non-Executive Chairman
Hugh Wehby Chief Operating Officer
John S. H. Roberts Independent Non-Executive Director