🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

ASX 200 Extends Gains

Published 2021/08/24, 04:08
© Reuters.

By Oliver Gray

Investing.com - The S&P/ASX 200 lifted 0.22% in early deals on Tuesday, extending gains of 0.39% in the previous session and tracking U.S. indices higher as market participants cheered the U.S. Food and Drug Administration’s full approval of the Pfizer (NYSE:PFE) and BioNTech Covid-19 vaccine.

In local coronavirus news, New South Wales tallied 753 fresh cases today as health authorities reported that the state had hit its target of 6 million vaccine doses administered, Victoria added 50 local transmissions amid a fresh outbreak at a regional school and Queensland reported 2 locally acquired cases.

Among stocks, Oil Search Ltd (ASX:OSH) lifted 1.49% after reporting earnings as the company edges closer to sealing a A$22 billion deal to merge with larger rival Santos Ltd (ASX:STO). Nanosonics Ltd (ASX:NAN) jumped 16.47% after the company reported results. Meantime, mining stocks were higher with Rio Tinto Ltd (ASX:RIO), BHP Billiton Ltd (ASX:BHP) and Fortescue Metals Group Ltd (ASX:FMG) adding 0.74%, 0.76% and 0.36% respectively.

On the bond markets, local 10-year bond yields were at 6-month lows of 1.11% while US 10-year rates were at 1.26%.

In New Zealand, the NZX 50 added 47.03 points or 0.36% to 8-months highs of 13111.1.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.