SYDNEY, AAP – Online furniture trader Temple & Webster and Woolworths had great share price gains as investors tipped them to benefit from the coronavirus outbreak affecting large parts of Australia.

Temple & Webster, which had booming sales last year due to the pandemic, surged by 8.13 per cent to $11.30.

Retail giant Woolworths gained 2.69 per cent to $37.77 after NSW shoppers rushed to supermarkets following a two-week lockdown order for Sydney and surrounding regions.

Most of the market was down after lockdowns or tight restrictions were imposed in a number of states and cities.

The benchmark S&P/ASX200 index was lower by 10 points, or 0.13 per cent, to 7298 at 1200 AEST on Monday.

The All Ordinaries was down by 16.9 points, or 0.22 per cent, to 7561.7.

BetaShares economist David Bassanese said more virus restrictions would be hard for share market investors to ignore.

This is despite the market being near all-time highs.

The ASX did not follow the lead from the US on Friday.

The S&P 500 ended the week at a record high after weaker-than-expected inflation data eased worries about a sudden tapering in stimulus by the Federal Reserve.

The Commerce Department said inflation tied to a gauge of consumer spending that is closely watched by the Federal Reserve increased 0.4 per cent in May.

The Dow closed higher while the Nasdaq ended lower.

US payrolls data for June, due at the end of the week, will be closely watched.

Analysts expect unemployment to drop to 5.7 per cent, which could raise investor fears that the central bank may ease support.

Meanwhile on the ASX, travel stocks were down on the coronavirus outbreak.

Qantas dropped 4.33 per cent to $4.52.

Webjet was lower by 3.35 per cent to $4.89.

Corporate Travel Management dipped by 2.93 per cent to $20.84.

However technology shares fared worst and were down 3.1 per cent.

Afterpay lost 6.97 per cent to $120.00.

The big miners had modest gains. BHP was best and rose 0.79 per cent to $48.28.

The big four banks were all lower. ANZ fared worst and dropped 0.45 per cent to $28.15.

IGA Supermarkets owner and distributor Metcash has reported record annual sales and will buy back shares.

The sales momentum for the 2021 fiscal year ended April has continued in the first eight weeks of the new year, as consumers continued to spend heavily on food, liquor and hardware.

Metcash reported a bottom-line net profit of $239 million for fiscal 2021.

Shareholders will receive a final full franked dividend of 9.5 cents per share. This is higher than the previous final dividend of 0.065 cents per share.

The company will buy back shares off-market up to the value of $175 million.

Shares on the ASX were up 1.22 per cent to $3.70.

The Australian dollar was buying 75.83 US cents at 1200 AEST, lower from 75.92 US cents at Friday’s close.