Australia Market end at near 3-month low

The Australian share market finished session lower on Monday, 21 September 2020, mirroring sell-off in global markets on rising coronavirus cases across the globe and worries about the global economic recovery. ASX sectors were mostly lower, with the so-called "Big Four" banks and major miners being notable lower.

At closing bell, the benchmark S&P/ASX200 index declined 1841.88 points, or 0.71%, to 5,822.62. The broader All Ordinaries was down 44.08 points, or 0.73%, to 6,013.55.

Shares of BHP and Rio Tinto fell over 1% while while Fortescue Metals (FMG) eased 1.1%. Gold miners Evolution Mining, Newcrest and Northern Star Resources fell over 2% despite an increase in gold prices on Friday.

 

The big four lenders all closed in the red with Westpac (WBC) and the National Bank (NAB) falling most, down 1.4% each.

Healthcare names are among the standouts to the upside with biotech giant CSL Ltd (CSL) gaining 0.2% while Sonic HealthCare gained 2.7%. The energy sector was the most improved with Whitehaven Coal (WHC) gaining 10% while Senex Energy (SXY) is 8.2% higher.

CURRENCY NEWS: The Australian dollar changed hands at $0.7279 after touching an earlier an earlier high of $0.7324.

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