Market Close 29 Nov 21: ASX 200 ends off session lows as miners & tech names elude sellers

The Australian sharemarket fell for a second straight session on Monday driven by concerns relating to the new Covid variant, ‘Omicron’. The benchmark ASX 200 index lost 39.6 points or 0.54 per cent to close at 7239.7. A feature of the session was the recovery that saw the market rally from the lowest levels of the day, helped by a turnaround for US stock futures in after-hours trade. At the start of the day, the ASX 200 fell as much as 1.3 per cent, before the market began a process of consolidation. In early afternoon trade, the market briefly eyed off positive territory, only being down 1 point at session highs, although ultimately caution prevailed ahead of the open of the European session.

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