ASX 200 today: Market opens gap up on US Senate's passage of stimulus bill

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Summary

  • The ASX 200 opened gap up on Monday, up 31 points or 0.46 per cent to 6,741.80, after a sharp rally in US stocks on Friday.
  • The broader All Ordinaries index was up 1.584 per cent, while the ASX 200 VIX Index was down 8.758 per cent.
  • While the ASX 300 Metals and Mining was up 2.633 per cent, the ASX 200 Consumer Staples was up 2.121 per cent.

Australian benchmark equity index ASX 200 started the week on a bright note, opening on Monday with a gap up of 31 points or up 0.46 per cent to 6,741.80, after a sharp rally in US stocks on Friday. The passage of US$1.9 trillion stimulus bill by the US Senate on Sunday morning boosted the equity markets which had been hit hard by the rising bond yields in the past few days. What further bolstered the equities was the strong economic data.     

The index has lost 0.70 per cent for the last five days, but sits 2.83 per cent below its 52-week high. The broader All Ordinaries index was up 1.584 per cent, while the ASX 200 VIX Index was down 8.758 per cent.

Image Source: © Djbobus | Megapixl.com

The ASX 200 last closed at 6,710.80, down 49.90 points, or 0.74 per cent. On Friday, while the Dow Jones closed 1.85 per cent up at 31,496.3, the S&P500 was also up by 1.95 per cent. The tech-heavy NASDAQ gained 1.55 per cent. 

Top gainers

The top performing stocks on ASX 200 were ALS Ltd and BHP GROUP Ltd, up 5.48 per cent and 3.28 per cent respectively.

Sectoral movement 

All the sectors were trading in green. While the ASX 300 Metals and Mining was up 2.633 per cent, the ASX 200 Consumer Staples was up 2.121 per cent. The ASX 200 Information Technology was up 2.541.per cent.

Image Source: © Cammeraydave | Megapixl.com

Dollar, oil, bonds, bitcoin

The Australian dollar was trading up 0.36 per cent to 0.7697 at the time of writing.

WTI Crude Oil (Futures) last traded up 1.48 per cent to US$67.28 per barrel. The oil prices had risen last week after the OPEC+ alliance sprang a surprise for traders as decided to leave the output unchanged.

The Australian government’s 10-year bond yields stood at 1.811, down 1.36 per cent.

Bitcoin was trading up 3.75 per cent to US$50,882.52 on bitstamp.

READ MORE: Bitcoin Stays Below $50,000 As Worries Over Digital Yuan Resurface

Newsmakers

Santos Ltd said that its largest shareholder ENN Group (ENN) had sold nearly 107.1 million shares. ALS Ltd announced acquisition of Investiga, a pharmaceutical testing business.

Westpac lifted its 2021 GDP growth forecast to 4.5 per cent from 4 per cent.

Enero Group appointed Carla Webb-Sear as its chief financial officer.

READ MORE: EU To Ask the US to Export AstraZeneca/Oxford Vaccine: Report

 

 


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