Live Markets, Monday June 28, 2021
The Sydney lockdown has meant the return of a few ASX trends first seen at the start of the pandemic last year.
Supermarkets and liquor retailers were buoyant Monday as residents of the nation’s largest city stock up for the two-week order from home, while e-commerce names are back in vogue again.
Woolies rose 2.6% to $ 37.76, Coles added 0.3% to $ 16.88, Endeavor Group rose 3.6% to $ 6.32 and IGA supplier Metcash a jumped 1% to $ 3,695.
The highly contagious Delta strain is also emerging in other parts of the country, possibly raising investors’ expectations of the need for further restrictions. As such, market travel agencies have been hammered, as have entertainment and hospitality establishments, and commercial property names.
Qantas was down 4.2% to $ 4.525, while Sydney Airport fell 0.7% to $ 5.820 and Regional Express was down 2% to $ 1.205.
Among travel brokers, Flight Center fell 2.3% to $ 14.73, business travel fell 3% to $ 20.83, Webjet fell 3.8% to $ 4.87 and Helloworld by 3.1% to $ 1.59.
The Star Group and Crown Resorts casinos, Event Hospitality, Sealink Travel, Viva Leisure, Apollo Tourism and Redcape Hotel Group also fell.
Convenience centers fell 2.7% to $ 1.60 and the owner of the Scentre mall also fell 2.7% to $ 2.735.
Stockland fell 2.7%, GPT Group fell 1.7% and Unibail-Rodamco-Westfield fell 3.1%.
E-commerce players, however, were experiencing a resurgence.
Online art and fashion marketplace Redbubble led the ASX 200 in earnings today, up 7.3% to $ 3.68.
Kogan was not far behind, up 3.2% to $ 12.59, with another electronics retailer Harvey Norman gaining 2.1% to $ 5.27 and JB Hi-Fi up 0, 4% to $ 49.27.
Temple and Webster gained 8.8% to $ 11.37, Nick Scali was up 0.3% to $ 10.80.
Skin care company BWX was up 1.9%, Booktopia gained 1%, and candle seller Dusk was ahead 3.4%.