The ASX 200 was up by 0.33% today, and ended the week just 0.42% lower after five days of volatile trading.

The local bourse saw the same dip buying we saw on Wall Street overnight where investors lifted the stock markets by over 1%.

Across Asia today, equity markets were notably calmer after a comment from Moderna co-founder who said the current vaccine is ‘somewhat effective’.

Energy was the best performing ASX sector, following an agreement by OPEC+ ministers to maintain current oil output levels, and a steady and modest monthly increase starting in January.

For January, OPEC+ said it will lift output slightly by 400,000 barrels per day. Oil prices rose around 1% on the news.

Healthcare meanwhile was the worst performing ASX sector today.

CSL Ltd (ASX:CSL), which makes up the bulk of the Healthcare index, weighed heavily after it dropped by more than 2.5%.

The giant biotech company denied any certainty in the proposed US$10bn acquisition of Swiss biopharmaceutical, Vifor.

CSL released a statement saying: “There is no certainty that any transaction will result from CSL’s consideration of such opportunities and, if any transaction does result, when such a transaction would occur.”


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CIMIC Group (ASX:CIM)’s subsidiary CPB Contractors was awarded a $314 million contract by the South Australian government.

Under the terms, CPB will deliver duplication works on the Main South Road (10km) and the Victor Harbor Road (5km) in South Australia.

Brainchips (ASX:BRN) was up 13% on no news.


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Battery technology company Novonix (ASX:NVX) plunged by 26% on no news, before it was placed in a trading halt.

Cettire (ASX:CTT) was also down by 10% on no news.