ASX 200 Closes 0.13% Lower, Magellan Drops 11.24%

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ASX 200 Closes 0.13% Lower, Magellan Drops 11.24%
Credit: © Reuters.

By Oliver Gray 

Investing.com - The S&P/ASX 200 closed lower on Monday, falling 9.40 points or 0.13% to 7,110.80 as losses in Real estate and Financials outpaced lifting Energy , Materials and Technology sectors.

Among gainers, Woodside Petroleum Ltd (ASX: WPL ) lifted 1.87%, Santos Ltd (ASX: STO ) added 1.61%, Viva Energy Group Ltd (ASX: VEA ) gained 3.64% and Beach Energy Ltd (ASX: BPT ) lifted 2.01%.

Novonix Ltd (ASX: NVX ) added 1.82%, Megaport Ltd (ASX: MP1 ) added 0.61%, Altium Ltd (ASX: ALU ) gained 0.17% and Wisetech Global Ltd (ASX: WTC ) added 1.51%.

Rio Tinto Ltd (ASX: RIO ) gained 0.07%, BHP Billiton Ltd (ASX: BHP ) added 1.24% and Fortescue Metals Group Ltd (ASX: FMG ) gained 0.89%.

Graincorp Ltd (ASX: GNC ) surged 12.34% after reporting strong guidance.

Travel-related stocks also jumped following news that Australia will reopen its doors to foreign tourists from February 21. Qantas Airways Ltd (ASX: QAN ) gained 4.62%, Flight Centre Ltd (ASX: FLT ) added 7.8%, Webjet Ltd (ASX: WEB ) gained 6.17%, Helloworld Ltd (ASX: HLO ) popped 11.3% and Corporate Travel Managment Ltd (ASX: CTD ) added 7%.

Among losses, Mirvac Group (ASX: MGR ) lost 1.54%, Charter Hall Group (ASX: CHC ) fell 2.51%, Goodman Group (ASX: GMG ) lost 1.9%, Stockland Corporation Ltd (ASX: SGP ) dipped 1.47% and Scentre Group Ltd (ASX: SCG ) lost 1.01%.

Major bankers dragged, as Commonwealth Bank Of Australia (ASX: CBA ) fell 0.11%, Australia and New Zealand Banking Group Ltd (ASX: ANZ ) lost 1.92%, National Australia Bank Ltd (ASX: NAB ) dipped 1.22%.

Magellan Financial Group Ltd (ASX: MFG ) tumbled 11.24% after chairman Hamish Douglass announced he was taking a medical leave of absence.

On the bond markets, Australia 10-Year rates were at 1.985% while United States 10-Year yields were at 1.903%.

In New Zealand, the NZX 50 was down 0.45% to 12,280.

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