Sumary of ASX closes down, consumer confidence bounces back as COVID-19 vaccinations ramp up:
- Other stocks that performed badly included Janus Henderson Group (-4.4 per cent), Worley (-4.4 per cent), Beach Energy (-4.2 per cent) and Pointsbet (-4.1 per cent).
- Consumer confidence upThe Westpac-Melbourne Institute consumer confidence index rose 2 per cent in September after falling 4.4 per cent in August.
- Consumer sentiment in New South Wales lifted 5.3 per cent, after the state flagged a loosening of restrictions for the fully vaccinated.
- In Victoria, confidence was steady despite the state extending its lockdown.
- The national index was up 13.2 per cent on September last year.
- “The resilience of consumer sentiment in a period when Australia’s two major cities have been locked down and the economy has been contracting is truly remarkable,” Westpac Chief Economist Bill Evans said.
- Intuit gained 1.9 per cent after the TurboTax maker’s announcement that it would acquire digital marketing company Mailchimp for $12 billion.
- CureVac slid 8.0 per cent after the German biotechnology company cancelled manufacturing deals for its experimental COVID-19 vaccine.