Synlait Milk logo

SML - Synlait Milk News Story

NZD3.73 -0.0  -0.8%

Last Trade - 30/07/21

Consumer Defensives
Mid Cap
Market Cap £409.3m
Enterprise Value £659.5m
Revenue £706.2m
Position in Universe 341st / 1946

Australian shares slide on rising COVID-19 cases; tech stocks drag

Tue 1st June, 2021 2:22am
June 1 (Reuters) - Australian stocks slid on Tuesday as
rising COVID-19 cases in the state of Victoria dented sentiment,
with investors eyeing a rate decision by the country's central
bank later in the day.
    The benchmark ASX 200 index  .AXJO  shed 0.4% to 7,135.2 by
0012 GMT, having closed 0.2% lower on Monday.
    Australia's second-most populous state Victoria added nine
new local COVID-19 cases on Tuesday after state authorities
called the situation "incredibly serious".*:nS9N2MY009
    The focus now shifts to the Reserve Bank of Australia's
policy review meeting, where it is expected to hold rates at
record low for a sixth straight time.*:nL2N2NE07A
    Among sectors, tech stocks  .AXIJ  were the worst hit,
losing over 1% in their biggest one-day fall in nearly two
weeks. Buy-now-pay-later giant Afterpay Ltd  APT.AX  shed 2.3%.
    Financials  .AXFJ  eased 0.6% with the "big four" banks
losing between 0.4% and 0.7%.
    Gold stocks  .AXGD  followed suit, declining 0.6% even as
prices were on course for their biggest monthly jump since July
2020.  GOL/ 
    Gold miners Newcrest Mining Ltd  NCM.AX  and Northern Star
Resources Ltd  NST.AX  shed 0.4% and 0.9%, respectively.
    However, heavyweight mining stocks  .AXMM  were up nearly
1%, hitting their highest level in nearly two weeks, as iron ore
futures surged.  IRONORE/ 
    Mining titans Rio Tinto  RIO.AX  and BHP Group  BHP.AX 
added 1.3% and 1.1%, respectively.
    Meanwhile, Nine Entertainment Co Holdings  NEC.AX  jumped 4%
to be among the top gainers on the benchmark after announcing
multi-year content-supply deals with Google  GOOGL.O  and
Facebook  FB.O .*:nL2N2NI1XP
    Across the Tasman sea, New Zealand's benchmark NZX 50 index
 .NZ50  was largely unchanged, trading down 0.1% to 12,308.3.
    Freight gateway operator Port of Tauranga Ltd  POT.NZ  was
the top loser on the bourse, shedding about 2%.
    In other markets, Japan's Nikkei  .N225  was up 0.02% at
28,866.14 and S&P 500 E-minis futures  EScv1  were down 3.5
points, or 0.08%.

 (Reporting by Yamini C S in Bengaluru; editing by Uttaresh.V)
((For more information on DIARIES & DATA:
 U.S. earnings diary   RESF/US   
 Wall Street Week Ahead    .N/O 
 Global Economy Week Ahead  DATA/ 
For latest top breaking news across all markets           NEWS1 ))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.