At closing bell, the benchmark S&P/ASX200 advanced 67.17 points, or 0.92%, to 7,379.50, a record high. The broader All Ordinaries rose 55.76 points, or 0.74%, to 7,633. Australia share market closed on Monday, 14 June 2021, in observance of the Queen's Birthday holiday.
Total 10 of 11 S&P/ASX200 sectors ended higher, with the best performing sectors was healthcare (up 1.96%), followed by information technology (up 1.6%), consumer staples (up 1.47%), consumer discretionary (up 1.42%), financials (up 1.3%), and telecommunication services (up 0.54%) sectors.
The best performing stocks in the S&P/ASX200 were Resmed Inc (up 6.84%), The A2 Milk Company (up 5.42%), Iluka Resources (up 5%), Premier Investment (up 4.5%), and Nuix (up 4.2%), while the worst performing stocks were Austal (down 9%), Pointsbet Holdings (down 6.5%), Nickel Mines (down 4.2%), Downer EDI (down 3.5%), and Costa Group Holdings (down 3.5%).
Nuix (NXL) finished up 4.2% after both the Chief Executive and Chief Financial Officer announced their decisions to leave the software company. CEO Rod Vawdrey will remain in his role while an international search for a replacement is conducted.
Japara Healthcare (JHC) gained 8.1% after receiving a second takeover offer in a week. RSL Carepart of not-for-profit Boston Clarkehas put A$1.22 per share on the table for the aged care provider. This is a touch higher than the $1.20 offer made from Little Company of Mary Health Care last week.
Austal (ASB) fell 9% after reducing its profit and revenue goals for the year (FY21) due to delays and higher costs associated with COVID-19. The shipbuilder is also being taken to court by ASIC
ECONOMIC NEWS: Members of the Reserve Bank of Australia's monetary policy board said the country's economic recovery is continuing at a solid pace with an upbeat outlook, minutes from the central bank's June 1 meeting revealed on Tuesday. At the meeting, Australia's central bank left its key interest rate at a record low of 0.10 percent and the government bond yield target unchanged. CURRENCY NEWS: The Australian dollar changed hands at $0.7702, off levels above $0.774 seen last week.
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