SYDNEY, AAP – Mixed reaction to the latest company earnings and the extending of coronavirus lockdowns have weighed on the ASX.
Beach Energy, Bendigo Bank, Lend Lease and Seven West Media all had their shares dive by seven per cent or more on Monday after publishing earnings.
BlueScope Steel and JB Hi-Fi’s profits were well received.
The benchmark S&P/ASX200 index closed lower by 46.4 points, or 0.61 per cent, to 7582.5.
The All Ordinaries closed down 48.1 points, or 0.61 per cent, to 7849.6.
The extending of lockdowns in the ACT and Melbourne, as well as new ones for parts of the Northern Territory, did not help the outlook.
The Australian dollar was buying 73.37 US cents at 1620 AEST, the same as at Friday’s close.