ASX closes higher despite SA lockdown: Wednesday 18 Nov

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Steven Deare
(Australian Associated Press)

 

A six-day coronavirus lockdown of South Australia has only mildly concerned investors, who helped the Australian share market close higher.

The S&P/ASX200 benchmark index closed up 32.9 points, or 0.51 per cent, to 6531.1 on Wednesday.

The All Ordinaries closed higher by 28.7 points, or 0.43 per cent, to 6726.5.

South Australians have been told to stay home and many businesses will be closed in an attempt to limit the spread of a COVID-19 cluster in Adelaide.

The ASX200 dipped by about 25 points in the wake of the news, but remained higher till the close of trade.

The Aussie dollar was buying 72.95 US cents at 1622 AEDT, lower from 73.19 US cents at Tuesday’s close.

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