Sixth straight week of gains despite vaccine setback

Australia’s S&P/ASX 200 share index was down 0.6% today however marks the sixth straight week of gains, finishing at 6642.60 points. 

Major biotech, CSL, weighed down the index dropping 3.24% after it was revealed their vaccine with Queensland University released false positive tests for HIV in the phase 1 trials and therefore halted production.

Afterpay (APT) surged back above $100, adding a whopping 5.02% for the day and being a standout performer among Australia’s largest stocks.

Gainers and Losers

The biggest gainers on Friday were:

  • IGO Ltd +25.3%
  • Westgold Resources +8.6%
  • Whitehaven Coal +6.6%
  • Western Areas +5.7%
  • Afterpay +5.02%

The biggest declines were:

  • Virgin Money UK -4.7%
  • NRW Holdings -4.3%
  • Lynas -4.2%
  • Monadelphous Group -4.2%
  • IDP Education -4%

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This article does not take into account the investment objectives, financial situation or needs of a particular person or entity. Before acting on any investment strategy or advice you should first consult with your current ASIC accredited investment professional or seek out a compliant investment professional for such.