* Collins Foods top gainer on ASX200
* Miners lead gains on the local bourse
* NZX 50 rises 1.5%
Nov 30 (Reuters) - Australian shares closed higher on
Tuesday as concerns about the Omicron coronavirus variant eased
further, although the benchmark index posted a third straight
The S&P/ASX 200 index ended 0.22% higher at 7,256,
after climbing 1% in early trade the biggest since
early-October. For the month, the benchmark shed 0.9%.
Travel stocks rebounded after two days of heavy selling, as
hopes that the new variant might be milder than initially feared
boosted investor sentiment.
Airline operator Qantas Airways climbed 4.1% to
mark its best day in over three weeks, while online travel
websites Flight Centre Travel Group and Webjet
jumped 6.7% and 6.2%, respectively.
"Investors have kept aside concerns over the impact of the
new coronavirus variant on the economic recovery and are
cautiously optimistic while waiting for more details on
Omicron," said Kunal Sawhney, CEO of Kalkine Group said.
The country's economy also showed signs of strength, with
Australia's current account surplus increasing A$1 billion in
the September quarter to a record A$23.9 billion ($16.98
billion), thanks to iron ore and coal prices.
"Robust prices for exports of coal and other mineral fuels
helped the nation observe a record surplus, however, the road
ahead to economic revival seems bumpy as the new variant
heightens concerns around global growth," said Sawhney.
Fast-food chain operator Collins Foods led gains on
the local bourse, rising 13.8% to a record high after reporting
upbeat first-half results.
Major miners rose 0.27% as Chinese iron ore futures
extended their rally, with BHP Group jumping 2.1% to
its highest in more than two months.
Lithium miner Orocobre scaled 9.7% to a record high
after a production upgrade at its annual general meeting.
New Zealand's benchmark S&P/NZX 50 index rose 1.5%
to finish at 12,718.9.
($1 = 1.4077 Australian dollars)
(Reporting by Riya Sharma in Bengaluru; editing by Uttaresh.V)