Market Outlook - 06 July 2021

Concerns about rising COVID-19 cases in the country's The price of oil has risen. is up nearly 3%, while most populated state, New South Wales, offset a spike in Santos and are both up more than shares of Sydney Airport following a $16.7 billion purchase 2%. has increased by more than 3%, while proposal on Monday, bringing Australian stocks to a halt. has increased by nearly 1%.

The S&P/ASX 200 index ended flat at 7,315 points after “After the morning trade, the jump in COVID-19 statistics in rising as much as 0.5% earlier in the session. New South Wales has dragged on the market a little,” said Deep Data Analytics' Mathan Somasundaram. Markets in gave up early gains to finish the day modestly higher. soared nearly Furthermore, the Australian dollar was weaker ahead of the 34% after receiving a $16.7 billion acquisition bid from a Reserve Bank of Australia's policy meeting, which could group of infrastructure investors. result in a shift in the country's large stimulus programme.

Newcrest Gold increased by over 1%, while Chalice Mining , a gaming operator, slumped 5% after increased by as much as 12%, as spot gold remained announcing that it would spin off its Lotteries & Keno stable after reaching a high of $1,794.86 on Friday. division into a listed entity, putting an end to a company- wide assessment that began earlier this year as The ASX 200 Energy index gained 2%, helped by enthusiasm grew for a separate unit. Whitehaven Coal Ltd, Australia's largest independent coal miner, which gained 3.3 percent, and fuel supplier Ltd, which gained 3%.

Appen Ltd, a creator of artificial intelligence data, sank 5.1 percent, while Nuix Ltd, a software provider, fell 4.9 percent.

Top Gainers Top Losers

Company Last Price Change% Company Last Price Change%

Oil Search Ltd. $ 4.06 4.10% Polynovo Ltd. $2.47 -6.08%

Ramelius Resources Whitehaven Coal Ltd. $ 2.12 3.41% $1.66 -4.87% Ltd.

EML Payments Ltd. $ 3.680 3.66% Appen Ltd. $12.37 -4.26%

Pilbara Minerals Ltd. $ 1.49 2.76% ARB Corp. Ltd. $41.51 -3.49%

Beach Energy Ltd. $1.31 2.75% Ltd. $6.66 -3.27% Market Outlook - 06 July 2021

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