ASX dips but COVID-19 vaccine rollout boosts Webjet, Flight Centre, Qantas
in

ASX dips but COVID-19 vaccine rollout boosts Webjet, Flight Centre, Qantas

The Australian sharemarket fell slightly but travel stocks jumped as the COVID-19 vaccine rollout began while the big miners hit record levels thanks to higher commodity prices.

The S&P/ASX200 closed 0.19 per cent lower at 6780.9 while the All Ordinaries Index dipped just 2.4 points to 7061.6.

OpenMarkets Group chief executive Ivan Tchourilov said the local bourse had a lacklustre lead from overseas but travel and tourism stocks enjoyed a solid day of gains with the vaccine rollout underway.

He said Webjet was a standout after their earnings report last week didn’t reveal any significant skeletons in the closet.

Shares in Webjet jumped 8.93 per cent to $5.37 while Corporate Travel Management advanced 8.29 per cent to $18.94, Flight Centre…

Read further.

Pramod Jain

Opinion: Ancillaries That Provide Unique Experiences Will Win the Day

Mountaineering – a well disowned sport