The ASX 200 battled through morning losses and rebounded in the afternoon session to end the day slightly down by 0.13%.

Travel stocks soared after PM Scott Morrison announced the reopening of Australia’s international borders on 21 February to fully vaccinated tourists.

“I know the tourism industry will be looking forward to that, and over the next two weeks they’ll get the opportunity both for visitors to be coming and for them to be gearing up to welcome international visitors back to Australia,” PM Morrison told reporters in Canberra today.

The ASX 200 Energy index  continued to push higher amid the upward pressure on oil prices.

The Energy sector led the ASX and climbed 2% as Brent pushed past $US92.50 a barrel overnight. Oil stocks rose with Woodside Petroleum (ASX:WPL) jumping by more than 3%.

Meanwhile, bank stocks were under pressure today as ANZ Bank (ASX:ANZ) released its Q1 FY22 update, reporting an 8 basis point drop in group net interest margin which was worse than consensus.

Embattled fund manager Magellan Financial (ASX:MFG) also pushed the Financial sector lower after it fell by more than 10% as CEO and founder Hamish Douglass announced a leave of absence.

BIG CAP WINNERS

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Code Name Price % Change Volume Market Cap
GNC GrainCorp Limited 8.1 12.3% 3,130,296 $1,650,049,078
FLT Flight Centre Travel 19.02 8.3% 3,762,348 $3,507,107,289
ABR American Pacific 2.58 7.5% 850,061 $1,002,444,629
CTD Corp Travel Limited 22.12 7.5% 451,210 $2,914,523,301
SWM Seven West Media Ltd 0.73 7.4% 9,921,808 $1,081,280,403
CRN Coronado Global Res 1.49 7.2% 3,321,302 $2,330,270,685
GQG GQG Partners 1.735 6.4% 3,808,545 $4,813,072,857
WEB Webjet Limited 5.52 6.4% 3,560,817 $1,974,845,961
ELD Elders Limited 11.71 5.1% 989,925 $1,743,149,034
QAN Qantas Airways 5.45 5.0% 19,631,334 $9,788,571,983
ERA Energy Resources 0.315 5.0% 66,266 $1,107,414,959
YAL Yancoal Aust Ltd 2.95 5.0% 220,210 $3,710,434,818
ILU Iluka Resources 10.9 4.8% 2,968,377 $4,401,304,357
IEL Idp Education Ltd 30.83 4.7% 762,807 $8,199,784,776
CCX City Chic Collective 5.41 4.6% 497,659 $1,199,026,845
ABC Adbri Limited 3.02 3.8% 1,219,463 $1,899,146,185
EML EML Payments Ltd 3.05 3.7% 1,080,139 $1,097,924,607
CUV Clinuvel Pharmaceut. 23.5 3.7% 71,482 $1,119,638,259

Graincorp (ASX:GNC) rallied more than 11% after a bumper crop season led the company to announce an upbeat FY22 guidance today. The company is now forecasting EBITDA to come in between in the range of $480m to $540m for the full year, with NPAT of between $235m and $280m.

Flight Centre (ASX:FLT) and Corporate Travel (ASX:CTD) zoomed 7% after the reopening announcement by the government.

BIG CAP LOSERS

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Code Name Price % Change Volume Market Cap
MFG Magellan Fin Grp Ltd 16.51 -10.8% $5,638,551 $3,437,547,704
NCK Nick Scali Limited 13.91 -6.4% $714,414 $1,203,660,000
BRN Brainchip Ltd 1.645 -5.2% $22,147,649 $2,974,418,320
APX Appen Limited 8.97 -5.2% $1,004,532 $1,164,288,705
URW Unibailrodawestfield 5.07 -4.9% $568,016 $1,046,295,310
INR Ioneer Ltd 0.64 -4.5% $5,459,230 $1,373,867,427
JHG Janus Henderson 50.11 -3.6% $121,876 $1,276,479,202
VUK Virgin Money Uk PLC 3.7 -3.4% $1,347,152 $3,319,431,831
MAQ Macquarie Telecom Gp 62.19 -3.2% $3,724 $1,381,415,020
JDO Judo Cap Holdings 1.995 -3.2% $762,999 $2,277,343,128
FCL Fineos Corp Hold PLC 3.44 -3.1% $16,496 $1,132,211,305
PNI Pinnacle Investment 11 -2.7% $654,187 $2,256,153,420
REA REA Group 139.57 -2.7% $278,248 $18,952,214,779
PTM Platinum Asset 2.57 -2.7% $2,401,498 $1,548,832,296
NWS News Corp.. 32.5 -2.6% $199,882 $1,489,014,639
TPW Temple & Webster Ltd 8.14 -2.6% $425,788 $1,006,986,478
CHC Charter Hall Group 16.29 -2.6% $1,079,010 $7,913,243,139

Embattled fund manager Magellan Financial said it’s lost $2bn in funds under management in January. The company also announced that CEO and chairman Hamish Douglass will take a medical leave of absence. Co-founder Chris McKay will take over the helm in his absence.