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    XJO   XC0006013624

S&P/ASX 200

(XJO)
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SummaryMost relevantAll NewsOther languagesNews of the index componentsMarketScreener Strategies

Australia shares end flat as oil prices weigh on energy stocks

04/19/2021 | 03:22am EDT

* Travel stocks rise on open-border system between Australia-NZ

* Lithium miner Orocobre among top gainers on Galaxy buyout

* Energy stocks slip on weaker oil prices amid surging cases

April 19 (Reuters) - Australian shares closed flat on Monday as losses among energy and technology sectors erased an early mining boost, while tourism-related stocks found some respite as a travel bubble between Australia and New Zealand kicked off.

The S&P/ASX 200 index closed flat at 7,065.6.

Energy stocks slipped 1.4% as oil prices slumped amid a surge in COVID-19 infections in India and other countries. Woodside Petroleum fell nearly 2% while Santos lost 1.3%.

Technology stocks shed 0.8%, with buy-now-pay-later heavyweight Afterpay losing nearly 1%.

The mining index rose 0.8% as ironore and copper prices held firm. Rio Tinto gained 1.7% while Fortescue Metals Group added 1.8%.

Orocobre soared 5.7% after the lithium miner said it was buying smaller domestic peer Galaxy Resources for $1.4 billion to create the world's fifth-most valuable producer of the key raw material for electric vehicle batteries.

Meanwhile, hundreds of passengers from Australia began arriving in New Zealand airports on Monday, as open-border system between the countries allows Australia residents to fly across Tasman Sea without having to quarantine.

Travel stocks edged higher, with Helloworld Travel advancing 2.4% and Sydney Airport Holdings rising 0.5%.

"The travel industry took a hit last year due to the pandemic and the ones that survived now started to look of good value to most people," FP Markets - APAC Chief Executive Officer Nick Twidale said.

"But for the travel sector to really pick up and be performing anywhere near like last year, we need the rest of the world to come out of the pandemic, with better vaccine rollouts," he added.

New Zealand's benchmark S&P/NZX 50 index was up 0.7% at 12,767.83, with Auckland Airport gaining the most after rising 4.7%. (Reporting by Vasudha Kaukuntla in Bengaluru, Editing by Sherry Jacob-Phillips)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AFTERPAY LIMITED 6.45% 114.4 End-of-day quote.-3.05%
AUCKLAND INTERNATIONAL AIRPORT LIMITED -0.13% 7.46 End-of-day quote.-1.58%
FORTESCUE METALS GROUP LIMITED -0.84% 22.42 End-of-day quote.-4.31%
GALAXY RESOURCES LIMITED 4.32% 3.38 End-of-day quote.51.57%
HELLOWORLD TRAVEL LIMITED 2.54% 1.815 End-of-day quote.-27.98%
LONDON BRENT OIL 0.44% 73.22 Delayed Quote.41.20%
OROCOBRE LIMITED 3.49% 5.93 End-of-day quote.32.66%
RIO TINTO GROUP -1.24% 5809 Delayed Quote.6.20%
S&P/ASX 200 0.13% 7368.9 Real-time Quote.11.87%
SANTOS LIMITED -3.55% 7.34 End-of-day quote.17.07%
SYDNEY AIRPORT LIMITED 0.33% 6.07 End-of-day quote.-5.30%
WOODSIDE PETROLEUM LTD -2.15% 23.2 End-of-day quote.2.02%
WTI 0.78% 71.41 Delayed Quote.47.13%
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Chart S&P/ASX 200
Duration : Period :
S&P/ASX 200 Technical Analysis Chart | MarketScreener
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Technical analysis trends S&P/ASX 200
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Top / Flop S&P/ASX 200
CLINUVEL PHARMACEUTICALS LIMITED 29.16 End-of-day quote.7.25%
AFTERPAY LIMITED 114.4 End-of-day quote.6.45%
WEBJET LIMITED 5.3 End-of-day quote.6.43%
WHITEHAVEN COAL LIMITED 1.91 End-of-day quote.5.82%
OOH!MEDIA LIMITED 1.86 End-of-day quote.5.38%
BHP GROUP 46.52 End-of-day quote.-2.45%
OIL SEARCH LIMITED 4.03 End-of-day quote.-2.89%
NEWCREST MINING LIMITED 25.96 End-of-day quote.-2.95%
SANTOS LIMITED 7.34 End-of-day quote.-3.55%
COOPER ENERGY LIMITED 0.25 End-of-day quote.-3.85%
Heatmap :