SYDNEY, AAP – Victoria’s coronavirus lockdown sapped investor confidence, and although the market later recovered, some stocks could not.
Investors sent the ASX indices to their lowest level of the day after learning of the seven-day lockdown decision after 1100 AEST.
The ASX200 hours later reached its highest level of the day – 7118.9 – before easing.
The benchmark S&P/ASX200 index closed up by 2.4 points, or 0.03 per cent, to 7094.9.
The All Ordinaries closed higher by 12.4 points, or 0.17 per cent, to 7344.
However, some companies that earn revenue from Victorians moving around still closed lower.
Transurban, which operates some Melbourne toll roads, closed lower by 1.01 per cent to $13.66.
Sydney Airport closed down 0.35 per cent to $5.76.
The Australian dollar was buying 77.45 US cents at 1624 AEST, lower from 77.78 US cents at Wednesday’s close.