Australia’s share market was a little higher but the market operator has found another problem with data.
The S&P/ASX200 benchmark index was higher by 22.4 points, or 0.34 per cent, to 6506.7 at 1200 AEDT on Tuesday, as investors gained hope from promising news of a COVID-19 vaccine.
The All Ordinaries was higher by 19 points, or 0.28 per cent, to 6706.0.
The ASX has detected data issues with its Centre Point system, used by banks and other institutions to trade shares.
The market operator said prices will be based on the ASX lit best bid and offer only, until further notice.
The issue has not interrupted trade, but comes after the botched introduction of a new computer system on Monday limited trading to just 24 minutes.
Meanwhile investors have lifted the value of the energy sector by 3.31 per cent in the wake of US company Moderna’s claim that its vaccine was 94.5 per cent effective in preventing infection.
The news helped US markets close higher.
The next best ASX sector was financials, higher by 1.34 per cent.
In Australia, employment grew modestly at the tail end of October, with a notable jobs recovery in Victoria as COVID-19 restrictions were eased.
Australian Bureau of Statistics data shows payroll jobs grew 0.5 per cent nationally over the fortnight to October 31 and by one per cent in Victoria.
In New South Wales, restaurant vouchers, record spending on infrastructure and tax cuts are bricks in the path back to prosperity in Treasurer Dominic Perrottet’s pandemic budget.
NSW’s six-year streak of budget surpluses officially ended in the year to June 30, going $6.9 billion into the red, while the forecast deficit for 2020/21 is $16 billion.
That’s mainly due to $29 billion spent on health and economic support packages to respond to COVID-19.
On the ASX, energy companies thrived. Beach and Oil Search were more than five per cent higher and shares were $1.63 and $3.95 respectively.
Afterpay co-founder Nick Molnar has become co-CEO and managing director, sharing the role with fellow co-founder Anthony Eisen.
Mr Molnar will have a fixed salary of $450,000.
The appointment came as Afterpay held its annual general meeting.
Shares were lower by 3.16 per cent to $98.24.
Virgin Australia is being removed from the ASX after Bain Capital bought the business and made it a private company.
All shares in Virgin will be transferred to Bain Capital.
Shares in the ASX were lower by 1.95 per cent to $80.69 after the technical problems of Monday.
Financial regulator ASIC said it had significant concerns about the outage and would review whether ASX had met regulatory requirements and the conditions of its licence for operating the bourse.
It will also ask ASX for an incident report.
Westpac was best of the big banks, higher by 2.58 per cent to $19.08.
In mining, BHP rose by 2.77 per cent to $37.10, Rio Tinto gained 0.52 per cent to $98.30 and Fortescue was up by 1.01 per cent to $16.85.
In the US earlier, the Dow Jones Industrial Average rose 470.63 points, or 1.6 per cent, to 29,950.44; the S&P 500 gained 41.76 points, or 1.16 per cent, at 3,626.91; and the Nasdaq Composite added 94.84 points, or 0.8 per cent, at 11,924.13.
The Aussie dollar was buying 73.24 US cents at 1200 AEDT, higher from 72.89 US cents at Monday’s close.