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 NewsOther languagesNews of the index componentsMarketScreener Strategies

Australian shares snap five-day rally as vaccine optimism cools

11/12/2020 | 01:08am EST

* Woodside Petroleum records worst session in a week

* "Big Four" banks lose between 1.1% and 2.4%

* Tech stocks up 1.1%; Xero hits record high

Nov 12 (Reuters) - Australian shares closed lower on Thursday for the first time in six sessions, dragged down by heavyweight financial and energy stocks, as the initial optimism about progress in the development of a coronavirus vaccine faded.

The S&P/ASX 200 index closed 0.5% lower at 6418.2.

"Investors are re-assessing the near-term implications of a coronavirus vaccine", Margaret Yang, a strategist from DailyFX wrote in note.

"The road ahead might not be a smooth sailing (one) as challenges remain on the time horizon, manufacturing capacity, delivery and storage of the vaccine."

Financials declined 1.5%, with all the "Big Four" banks closing lower.

The energy index shed about 1%, even as crude prices firmed on hopes that the world's major producers will halt supply increases.

Woodside Petroleum dropped after it shelved talks to sell stakes in a project to Chinese firms on the state of the Sino-Australian diplomatic ties, which had worsened after Canberra called for an inquiry into the source of the coronavirus.

Miners, heavily reliant on exports to China, also fell 1.3%. Sector heavyweights BHP and Rio Tinto , lost 1.1% and 0.7% respectively.

But, tech stocks gained 1.1%, bouncing back from steep losses this week when encouraging vaccine data prompted a rotation away from the sector and lifted demand for battered energy, airlines and travel stocks.

Accounting software maker Xero added as much as 6.7% to hit a record high after reporting a jump in its half year profit. It closed 0.6% higher.

In New Zealand, the benchmark S&P/NZX 50 index ended flat at 12670.62.

Film-related software developer Vista Group, dropping about 4%, was the biggest percentage loser on the benchmark index while exchange operator NZX advanced more than 5%. (Reporting by Deepali Saxena; editing by Uttaresh.V)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED 0.16% 24.68 End-of-day quote.8.72%
BHP GROUP 1.06% 46.62 End-of-day quote.9.88%
COMMONWEALTH BANK OF AUSTRALIA 0.21% 85.27 End-of-day quote.3.85%
NATIONAL AUSTRALIA BANK LIMITED 0.04% 24.13 End-of-day quote.6.77%
NZX LIMITED -0.93% 2.13 End-of-day quote.8.67%
RIO TINTO GROUP 2.05% 121.77 End-of-day quote.6.98%
RIO TINTO PLC -2.96% 5734 Delayed Quote.8.03%
S&P/ASX 200 -1.53% 6676.6 Real-time Quote.3.61%
VISTA GROUP INTERNATIONAL LIMITED -1.36% 1.45 End-of-day quote.-13.69%
WESTPAC BANKING CORPORATION 0.05% 21.79 End-of-day quote.12.49%
WOODSIDE PETROLEUM LTD -0.87% 26.33 End-of-day quote.15.79%
XERO LIMITED 0.32% 137.43 End-of-day quote.-6.40%
All news about S&P/ASX 200
06:21aWall Street Choppy Pre-Bell; Futures Mixed, Europe Lower, Asia Uneven
MT
04:50aS&P/ASX 200 : Australia's Q4 Inflation Tops Market Forecasts on Increased Tobacc..
MT
12:59aAustralia shares retreat from 11-mth high as resource firms fall
RE
12:20aAustralian Shares Post Moderate Losses as Business Confidence Falls; Rise in ..
MT
12:02aS&P/ASX 200 : Australian Shares Post Moderate Losses at Close as Business Confid..
MT
01/26S&P/ASX 200 : Australian Business Conditions Rise in December 2020, But Confiden..
MT
01/26S&P/ASX 200 : Rise in Australian Consumer Prices Slows in Q4 2020, But Exceeds F..
MT
01/26Australia shares fall from 11-month high as big miners, energy stocks weigh
RE
01/26TRACKINSIGHT : Stocks Higher Despite Worries about the Impact of the Latest Surg..
TI
01/26New Zealand shares end lower weighed by travel, utility stocks; Australia clo..
RE
More news
News of the index components S&P/ASX 200
05:44pSHOPPING CENTRES AUSTRALASIA PROPERT : SCP Taxation Components 1H FY21
PU
05:40pFORTESCUE METALS : December 2020 Quarterly Production Report
PU
05:16pCLINUVEL PHARMACEUTICALS : Appendix 4C - quarterly
PU
05:11pNEWCREST MINING : Gold Output Up; Pandemic-Related Costs Higher Than Expected
DJ
05:10pCOOPER ENERGY : Q2 FY21 Quarterly Activities Report 28 January 2021
PU
04:44pNEWCREST MINING : December 2020 Quarterly Report
PU
04:06pBRAMBLES : begins 2021 with further recognition as ESG leader
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
TrendsBullishBullishNeutral
Top / Flop S&P/ASX 200
Heatmap :