
Big budget bucks boosted stocks
- Aged care providers rallied on record government spend on the sector.
- Ampol jumped 1.13% on the government’s halved excise fuel tax.
- archTIS rocketed 18% on the government’s $9.9bn cyber security package.
There were some key winners and losers in Australia’s Federal Budget for 2022/2023 released earlier this week, but how did investors respond to the budget?
Investors bought aged care stocks after the government announced record spending on the sector, expected to reach $29.8bn.
Shares in one of Australia’s largest providers of aged care services, Regis Healthcare, jumped 4.83% for the week, while fellow aged care operator, Estia Health, added 3.57%.
Ampol shares jumped 1.13% this week after the government announced the halving of the excise fuel tax for the next six months.
Cyber security was another key focus of the budget, with the government’s biggest ever cyber security spend of $9.9bn announced to protect Australia’s online data ecosystem from increasing threats of attack from external parties.
Shares in archTIS, an Australian-based, global, award winning cyber security company that has contracts with the government, rose 18% over the last 5-days.
And in the United States, vaccine maker Moderna jumped 5% on the NYSE on Tuesday after the Australian government announced it has executed a 10-year strategic partnership agreement with Moderna to establish an mRNA vaccine manufacturing capability in collaboration with the Victorian Government.
The facility will produce up to 100 million Australian made mRNA doses every year and add hundreds of manufacturing jobs to the economy.
Read the full story
in the Grafa app
To read the full article and more in the Grafa app, available on all app stores.
Track the trends
Get the hot tips first
Stay close to your investments
Learn to trade like a pro
Let your money entertain you
See more stories like this

Similar stories
Which stocks are shooting up today?
After the first 20 minutes of trade, these are the stocks that are shooting higher
...read moreCurrencies while you were sleeping
The Australian dollar was higher against the major currencies overnight. The Aussie dollar is buying
...read moreCrypto while you were sleeping
CRYPTO TOP 10 CLUB Here are the gainers and losers out of the Top 10
...read moreDrill down into today’s commodities
Today’s prices for the basket of key commodities tracked by Grafa are as follows: The
...read moreWhat to expect on the ASX today
ASX Futures trading higher ahead of the market open in Sydney. Dow Jones closed up
...read moreThe cryptos making waves in the afternoon
CRYPTO TOP 10 CLUB Here are the gainers and losers out of the Top 10
...read moreThe price we have to pay: Australian businesses reveal
48% of businesses say they will not raise prices, primarily due to the desire to
...read moreThe biggest movers of the flyweight cryptos today
Of the micro cryptos, these ones were the movers. Mcashchain rose 338.90% to US$0.015, closing
...read moreSee more stories like this
