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The ASX200 closed in the red yesterday, down 0.5%, in what was a rollercoaster session for the benchmark index, driven by investor fears about the new omicron COVID-19 variant.
Only two of the eleven sectors were higher, materials and information technology. While the real estate and energy sectors came under pressure, down 1.4% each.
The biggest gainers included HUB24 (ASX:HUB), Bapcor (ASX:BAP) and Domino’s Pizza (ASX:DMP). Mineral Resources (ASX:MIN) lifted 3.4% after the company announced it had entered into a port and rail agreement. And healthcare company, Healius (ASX:HLS) benefited from elevated demand for COVID-19 testing services. Travel stocks suffered as Aussie states initiated tougher quarantine rules on arrivals from nine African countries. The largest falls however, were for shopping centre owners, Unibail-Rodamco-Westfield (ASX:URW) and Vicinity Centres (ASX:VCX).
In the US, all three benchmarks closed higher and recovered from Friday’s sell-off. This follows President Joe Biden stating that that economic lockdowns in response to the omicron COVID-19 variant are currently off the table. Mega-cap tech stocks were amongst the biggest winners.
Today, the Aussie share market is set to rise amid a broad rebound in equities and commodities. The futures are suggesting a lift of 0.6%.
What to watch today: