GXY 0.00% $5.28 galaxy resources limited

Chart, page-20191

  1. 3,409 Posts.
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    The positive spod price movement appears to be the main relevant factor for lithium investors at the moment.

    What’s happening, (below) appears to be tourist, travel, accommodation related that may be linked in with COV19

    'The Australian sharemarket has finished the last session of 2020 in the red, as investors paused to reflect on a turbulent year of trading dominated by the coronavirus pandemic and the measures taken to contain its spread.

    The benchmark S&P/ASX 200 index fell 1.4 per cent, or 95 points, to close at 6587 despite US stocks moving up on the back of stimulus and vaccine optimism.

    Investor sentiment was weighed down by the rising local COVID-19 cases, with travel-related stocks the hardest hit during the shortened session.

    Flight Centre Travel fell 3.8 per cent to $15.88, Webjet Limited slid 3.2 per cent to $5.09 and Helloworld Travel slumped 3.82 per cent.

    Qantas Airways lost 1.8 per cent to close the year at $4.87.

    Having hit highs of 7162.5 points in February, the index tumbled to a low of 4546 points in March as COVID-19's footprint started to stretch beyond China.

    The market has since managed to pick itself up, rising 45 per cent since the low of March 23 and closed out the year at almost level pegging to where it started.'

    Reference -

    The Sydney Morning Herald. (31-12-2020) ASX slips in final session but ends the year flat.
    disallowed/business/markets/asx-slips-in-final-session-but-ends-the-year-flat-20201231-p56qyu.html
 
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