ASX 200 opens higher as night curfew in Sydney ends

Highlights

  • The ASX 200 was trading 18 points or 0.24% up at 7,435 in the opening session as investors cheer the ending of a night curfew in Sydney.
  • The market breadth is somewhat mixed today, with six out of the 11 sectors trading higher.
  • Centrepoint Alliance has announced to pay a fully franked special dividend of AU$0.01 per share.

The Australian share market opened higher on Thursday as investors cheer the ending of a night curfew imposed on more than two million people in Sydney, as authorities ramp up vaccinations in New South Wales. The ASX 200 was trading 18 points or 0.24% up at 7,435 in the opening session, while the ASX All Ordinaries index was also up 0.24% to 7,741.4.

ASX news today

 Image Source: Copyright © 2021 Kalkine Media

Global shares ended in the green territory on Wednesday on the back of the strength of the US equities markets that notched higher, boosted by positive factory data. The surging crude oil prices led to a rally in energy shares, while a swath of positive US data revealed inflation had probably hit the peak and the economic recovery remained robust.

On Wall Street, the Dow Jones rallied 0.68% to 34,814.4, while the S&P 500 was up 0.85% to 4,480.69. The NASDAQ Composite ended the session by 0.82% up at 15,161.53.

Related article: US stocks gallop ahead after deals, product launches lift sentiments

How has the market performed so far?

As of 10:30 AM AEST, the ASX 200 was retaining its opening gains, trading 17.7 points or 0.24% up at 7,434.7. the ASX All Ordinaries index was also up 0.26% or 19.8 points to 7,743.

The index gainers during the opening session were Beach Energy Limited (ASX:BPT) and Corporate Travel Management Limited (ASX:CTD), both gaining 3.27% and 3.1%, respectively. On the flip side, Clinuvel Pharmaceuticals Limited (ASX:CUV) and Appen Limited (ASX:APX) were down 2.28% and 1.31%, respectively.

The market breadth is somewhat mixed today, with six out of the 11 sectors trading higher. The Materials sector is leading gains with a 0.58% uptick, followed by a 0.17% rally in the Industrials sector. The IT and Utilities sectors were down 0.08% and 0.05%, respectively.  

Newsmakers

Domain Holdings Australia Limited (ASX:DHG), a real estate media and technology services company has agreed to acquire Insight Data Solutions for AU$159 million. The acquisition will help its real estate website expand its property data and valuation products.

PointsBet Holdings Limited (ASX:PBH) is a provider of racing, sports and iGaming betting products which has partnered with US soccer team, Austin FC, as the club’s “exclusive sportsbook partner”. Under the partnership deal, the company will receive “permanent onsite recognition” at the Major League Soccer team’s new venue.

ASX stocks in news today

Image Source: Copyright © 2021 Kalkine Media

Australian telecommunications giant, Telstra Corporation Limited (ASX:TLS), is looking to deliver high growth over the next five years as it expands its 5G coverage to 95% of the population. It has also planned to make net cost reductions of up to AU$500 million through its updated capital management framework.

One of Australia’s largest miners, Fortescue Metals Group Limited (ASX:FMG) has initiated a joint venture with Wintawari Guruma Aboriginal Corporation to focus on the East and West Queens deposits on Eastern Guruma country, valued at over AU$500 million.

Centrepoint Alliance Limited (ASX:CAF), providing advice and services to financial firms, has announced to pay a fully franked special dividend of AU$0.01 per share. The record date for the eligibility to receive the dividend is 29 October 2021, while the payment date is 10 November 2021.

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