Log in
E-mail
Password
Show 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
  1. Homepage
  2. Indexes
  3. Australia
  4. Australian Stock Exchange
  5. S&P/ASX 200
  6. News
  7. Summary
    XJO   XC0006013624

S&P/ASX 200

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

Australia shares end lower as traders shun risk on virus surge

11/13/2020 | 12:39am EDT

* Vaccine news fails to lift markets as caution weighs

* Australian, NZ benchmark index notch weekly gains

* Australian energy stocks post best week since Oct 2015

Nov 13 (Reuters) - Australian stocks closed lower on Friday, as risk sentiment sagged after major central banks warned that near-term economic risks remain as coronavirus infections accelerate, leading to heavy selling in travel and energy shares.

The S&P/ASX 200 index dropped 0.2% to close the trade at 6405.2 points. Still, the benchmark index notched a weekly gain of 3.5%.

As the initial euphoria of vaccine news petered out, global equities were dragged down further after the U.S. Federal Reserve and European Central Bank said the economy was still in for a tough time, while the Bank of England said there was still a long way for drug trials.

"You have not only one, but three heads of the central banks around the world just commenting on the fact that the economic picture is still pretty dire at the moment, so that will definitely have some weight on investor sentiment," said James Tao, market analyst at CommSec.

More than 52.45 million people have been reported to be infected by the novel coronavirus globally and about 1.3 million have died, according to a Reuters tally.

Back home, Australian energy stocks fell as much as 2.4% as crude prices declined on near-term fuel demand, while scaling gains of 14.2% for the week.

Santos and Cooper Energy each lost more than 2% while Beach Energy dropped 3.2% to its worst session since Oct. 29.

Travel and tourism stocks also fell, with Flight Centre Travel Group, and Corporate Travel Management each dropping more than 1%.

Bucking the trend, gold stocks rallied 4.5% as bullion prices inched up on economic slowdown concerns. Gold stocks, however, posted their worst week since the week ended Sept. 25.

In New Zealand, the benchmark S&P/NZX 50 index reversed course to finish 0.2% higher. The benchmark recorded its best week since the week ended Oct. 9.

Medical device maker Fisher & Paykel Healthcare Corp and logistics firm Mainfreight were the biggest percentage gainers. (Reporting by Deepali Saxena, Editing by Sherry Jacob-Phillips)


ę Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BEACH ENERGY LIMITED 5.07% 1.45 End-of-day quote.-19.67%
COOPER ENERGY LIMITED 7.27% 0.295 End-of-day quote.-24.36%
CORPORATE TRAVEL MANAGEMENT LIMITED -2.30% 23.77 End-of-day quote.35.83%
FISHER & PAYKEL HEALTHCARE CORPORATION LIMITED 1.82% 30.85 End-of-day quote.-6.43%
FLIGHT CENTRE TRAVEL GROUP LIMITED -2.17% 19.85 End-of-day quote.25.24%
MAINFREIGHT LIMITED -0.09% 90.02 End-of-day quote.29.53%
QANTAS AIRWAYS LIMITED -2.63% 5.55 End-of-day quote.14.43%
S&P/ASX 200 0.03% 7443.4 Real-time Quote.12.58%
SANTOS LIMITED 3.55% 7.29 End-of-day quote.16.27%
All news about S&P/ASX 200
06:44aAsian Stock Markets Generally Higher; Hong Kong and Shanghai Down on Property Slump
MT
06:29aHong Kong Hang Seng Down 0.4% as Tech, Property Sectors Slip
MT
04:11aS&P/ASX 200 : Australian Businesses Turn More Optimistic in October as Lockdowns End, Surv..
MT
03:41aS&P/ASX 200 : ANZ-Roy Morgan Business Confidence Rises in October as Lockdowns End in Sydn..
MT
02:32aS&P/ASX 200 : Australian Shares Flat Amid Mixed Business, Consumer Confidence
MT
02:23aS&P/ASX 200 : Melbourne Beauty Spending Rises After Rollback of COVID-19 Restrictions, ANZ..
MT
01:09aS&P/ASX 200 : Australian Consumer Confidence Ticks Down in Late October
MT
10/25Australia shares rise as tech stocks track Wall Street strength
RE
10/25Asian Stock Markets Choppy On Wall Street Cues, Earnings Outlooks
MT
10/25Hong Kong Hang Seng Flat; Property Shares Renew Backtracking
MT
More news
News of the index components S&P/ASX 200
04:20aCBA-Update on Commonwealth Financial Planning
AQ
03:46aST BARBARA : Withdrawal of Resolution 5 at 2021 Annual General Meeting
PU
03:02aMINERAL RESOURCES' : Iron Production, Shipment Rises in Fiscal Q1
MT
02:56aWESTPAC BANKING : 26/10/2021 Steven Harker to retire from the Westpac Banking Corporation ..
PU
02:31aAustralian shares end flat as gold, energy stocks weigh
RE
01:04aRELIANCE WORLDWIDE : to Acquire Plumbing Supply Manufacturer for $325 Million
MT
12:26aWHITEHAVEN COAL : Tarrawonga Daily Monitoring Report 20102021
PU
More news
Chart S&P/ASX 200
Duration : Period :
S&P/ASX 200 Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends S&P/ASX 200
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Top / Flop S&P/ASX 200
Heatmap :