Travel stocks lifted after the Federal Government announced February 21 as the date for reopening the international border
The Australian market seesawed throughout the first trading session of the week before closing 0.13% lower at 7110.80 points as a sell off in healthcare stocks weighed on the key index.
The stocks that made headlines today were:
Shares in luxury online fashion retailer Cettire rocketed more than 21% today after the company announced its entry into the Chinese online luxury market through a new partnership with leading Chinese ecommerce platform, JD.com.
Star Entertainment Group shares rallied today following the release of the gambling and entertainment company’s first half results. Despite expecting to report a loss for the first half, Star said it expects to report normalised EBITDA for the period.
And travel stocks took off today after the Federal Government announced that Australia will reopen its borders to double vaxxed international tourists from February 21. The announcement sent shares in Flight Centre soaring 8.9%, Corporate Travel Management up 7.8%, Webjet adding 6.6% and Qantas jumped 5%.
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