Beaten down travel, leisure stocks recover as Sydney virus crisis abates

EVT

07/05/2021 06:31

** Australia's most populated state, New South Wales,
reports no new COVID-19 cases, adding outbreak in Sydney appears
to be contained  urn:newsml:reuters.com:*:nL1N2MT36H
    ** News boosts ticket booking and tour operating firms
Flight Centre Travel Group  FLT.AX , Webjet  WEB.AX  and
Helloworld Travel  HLO.AX  as they surge between 5% and 7%
    ** WEB and FLT are top pct gainers on benchmark stock index
 .AXJO 
    ** Corporate Travel Management  CTD.AX  jumps 5.5%, sees
best day in two months; Jayride Group  JAY.AX  climbs 2%
    ** Sydney-based theme park operator Ardent Leisure Group
 ALG.AX  soars 11% and Event Hospitality and Entertainment
 EVT.AX  gains 3%
    ** Leisure and travel stocks had suffered when NSW imposed
social distancing curbs in greater Sydney after city reported
its first locally acquired coronavirus infection in more than a
month on Wednesday  urn:newsml:reuters.com:*:nL4N2MT0SZ

    

 (Reporting by Anushka Trivedi in Bengaluru)
 ((Anushka.Trivedi@thomsonreuters.com; +918061823241;))