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Delayed Australian Stock Exchange  -  05/18 02:10:32 am EDT
0.4300 AUD   +1.18%
05/15Tietto Minerals Limited Provides a Project Construction Update
05/03Tietto Minerals Limited Receives Heap Leach Gold Recoveries Up to 95% from Lower Grade Apg Ore
04/29Tietto Minerals Finds More Gold Intercepts at Abujar Gold Project in Côte d'Ivoire
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Gold, banking stocks drive Australian shares up as Omicron worries ease

12/23/2021 | 01:54am EDT

* Bega Cheese top drag on ASX200

* Health stocks post fourth straight session of gains

* Tech stocks snap three-day winning streak

Dec 23 (Reuters) - Gold and financial stocks helped Australian shares close higher on Thursday, as investor sentiment improved after two research studies showed Omicron was less lethal compared with the Delta coronavirus variant.

The S&P/ASX 200 index rose 0.3% to 7,387.6 points, closing in the green for a third consecutive day. The benchmark had gained 0.1% on Wednesday.

While Australia reported more than 8,200 new cases, two separate studies in South Africa and London suggested the risk of hospitalisation from the Omicron variant was less severe compared with the Delta variant.

The heavyweight financial index rose 0.6%, with the country's "Big Four" banks ending up between 0.3% and 0.6%.

Gold miners rose 1.3% as the yellow metal was poised for a second straight weekly gain. Dacian Gold Ltd and Tietto Minerals Ltd jumped 8.6% and 7.2%, respectively.

Miners, which comprise a third of the benchmark, ended 0.3% higher as metal prices strengthened on supply concerns.

However, iron ore majors Rio Tinto Ltd and BHP Group shed 0.1% and 0.3%, respectively.

Health stocks, up 0.5%, advanced for a fourth straight session, with diagnostics firm Sonic Healthcare among top gainers.

Henry Jennings, senior analyst at Marcustoday Financial Newsletter said that increased demand for COVID-19 tests would be good for pathology laboratories as people travel across states around the festival season.

The tech sector was the only drag on the market as it ended 0.9% lower, snapping a three-day winning streak, with WiseTech Global falling the most.

Dairy firm Bega Cheese tumbled 10.3% and was the top decliner on the benchmark after warning of profit hit from strong domestic competition.

Across the Tasman Sea, New Zealand's benchmark S&P/NZX 50 index remained flat at 12,862.71 points. (Reporting by Dhriti Garg in Bengaluru; Editing by Vinay Dwivedi)

ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BEGA CHEESE LIMITED 0.63% 4.83 Delayed Quote.-15.34%
BHP GROUP LIMITED 3.18% 47.01 Delayed Quote.9.78%
CHEESE FUTURES (CSC) - CMG (ELECTRONIC)/C1 0.00% 2.411 End-of-day quote.0.00%
DACIAN GOLD LIMITED 2.70% 0.19 Delayed Quote.-2.63%
DOW JONES AFRICA TITANS 50 INDEX 0.14% 512.27 Real-time Quote.-6.21%
DOW JONES SOUTH AFRICA(ZAR) 0.37% 1965.38 Real-time Quote.-1.32%
RIO TINTO PLC -1.32% 5398 Delayed Quote.11.82%
S&P AFRICA 40 INDEX 0.15% 164.6 Real-time Quote.-8.10%
S&P/ASX 200 0.99% 7182.7 Real-time Quote.-4.72%
SONIC HEALTHCARE LIMITED 1.40% 36.19 Delayed Quote.-23.46%
TIETTO MINERALS LIMITED 1.18% 0.43 Delayed Quote.-14.14%
WISETECH GLOBAL LIMITED 3.14% 41.69 Delayed Quote.-31.00%
YRC WORLDWIDE INC. 26.32% 4.32 End-of-day quote.-65.69%
05/15Tietto Minerals Limited Provides a Project Construction Update
05/03Tietto Minerals Limited Receives Heap Leach Gold Recoveries Up to 95% from Lower Grade ..
04/29Tietto Minerals Finds More Gold Intercepts at Abujar Gold Project in Côte d'Ivoire
04/28TIETTO MINERALS : Hits 28.74g/t Au from Drilling at Abujar's AG South
04/28Tietto Minerals Limited Hits 28.74G/T Au from Drilling At Abujar's Ag South
04/13Tietto Minerals Advances Development of Abujar Project in Côte d'Ivoire
04/12TIETTO MINERALS : Abujar Gold Project April Construction Update
04/12Tietto Minerals Limited Provides Abujar Gold Project April Construction Update
04/11TIETTO MINERALS : Application for quotation of securities - TIE
04/11Tietto Minerals Declares Maiden Measured Resource for Côte d'Ivoire Gold Project
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Sales 2021 - - -
Net income 2021 -19,6 M -13,7 M -13,7 M
Net cash 2021 43,6 M 30,6 M 30,6 M
P/E ratio 2021 -6,65x
Yield 2021 -
Capitalization 353 M 248 M 248 M
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees -
Free-Float 93,7%
Duration : Period :
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Mean consensus BUY
Number of Analysts 1
Last Close Price 0,43 AUD
Average target price 0,85 AUD
Spread / Average Target 100%
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Managers and Directors
Caigen Wang Chief Executive Officer, MD & Executive Director
Francis Robert Harper Non-Executive Director
Matthew Peter Wilcox Chief Operating Officer
Mark Strizek Executive Director
Han Jing Xu Non-Executive Director
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