S&P/ASX 200 remains flat as Victoria records zero COVID-19 deaths for the first time in two months

Oil prices fell 0.1% to US$39.58 a barrel on Tuesday as a bleaker outlook for global fuel demand prompted fresh selling.

Andromeda Metals Ltd - S&P/ASX 200 remains flat as Victoria records zero COVID-19 deaths for the first time in two months
Gold prices held steady at US$1,956.17 per ounce on Tuesday, following a sharp rise in the previous session

S&P/ASX 200 (INDEXASX:XJO) remained unchanged at 5,899 by 12.45 pm as Victorian Premier Daniel Andrews announced the state will move into the third step towards "COVID normal" from 11.59 pm tomorrow.

Victor recorded 42 new COVID-19 cases overnight but there were no new deaths linked to the virus in the past 24 hours.

Biotechnology company CSL Limited (ASX:CSL) (+1.07%) and BHP Group Ltd (ASX:BHP) (+0.85%) were the heavyweight gainers but the big four lenders, Rio Tinto Limited (ASX:RIO) (-0.79%) and Telstra Corporation Ltd (ASX:TLS) (-0.1.39%) were pulling the index down.

“Health plan is critical to our economic plan”

Australia’s Prime Minister Scott Morrison warned today morning that the country cannot claim success while the nation remained closed.

He said: “Our government’s health plan is critical to our economic plan.

“By pursuing both, we continue to do better than almost every other developed country in the world when it comes to protecting lives and livelihoods.

“But as long as we are closed, we cannot claim success, as a country.

“If we are shut, we are not living alongside the virus, the virus is actually keeping us from living.

“So as we emerge from this second wave in Victoria – and I had a good message from the Victorian Premier this morning – let’s now seize the opportunity ahead of us to safely and successfully reopen this country, reconnect this country, and stay open.”

Top gainers

Today’s top gainers on the ASX include Corazon Mining Ltd (ASX:CZN) (+50.00%), Andromeda Metals Ltd (ASX:ADN) (+10.39%), Cipherpoint Ltd (ASX:CPT) (+9.26%), St George Mining Ltd (ASX:SGQ) (+9.52%), Jindalee Resources Limited (ASX:JRL) (+16.47%) and Twenty Seven Co Ltd (ASX:TSC) (+14.29%).

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