S&P/ASX 200 snaps three-day winning streak; Australia secures 10 million more doses of COVID-19 vaccine

Brent crude futures rose 1.74% on Wednesday to US$58.46 a barrel, hovering near its highest levels in about a year, after government data showed US crude stockpiles fell.

MGC Pharmaceuticals Ltd - S&P/ASX 200
Prime Minister Scott Morrison announced today that Australia has secured another 10 million doses of the Pfizer vaccine.

S&P/ASX 200 (INDEXASX:XJO) has snapped its three-day winning streak by falling 0.62% to 6,782.5 points by around 1.50 pm.

All 11 sectors in the index are lower today. Although little changed, information technology is today's best performing sector. It is up +3.30% for the past five days.

Origin Energy (ASX:ORG) fell sharply with a 6.75% drop after trimming its core FY21 guidance amid pandemic-related demand impacts and milder summer temperatures.

The electricity and gas supplier said it expected underlying full-year earnings from energy markets to come in between $1 billion and $1.14 billion, down from previous guidance of $1.15 billion to $1.3 billion.

10 million more doses of Pfizer vaccine

Prime Minister Scott Morrison announced today that Australia has secured another 10 million doses of the Pfizer vaccine.

Australia initially had an agreement to purchase 10 million doses of the Pfizer/BioNTech vaccine, which has since proved to have an efficacy rate of about 95%.

Australia will also get 53.8 million of the Oxford University/AstraZeneca doses with 50 million of those to be manufactured by CSL Ltd (ASX:CSL) in Melbourne.

Top gainers

Today’s top gainers on the ASX include MGC Pharmaceuticals Ltd (ASX:MXC) (+11.54%), Maximus Resources Limited (ASX:MXR) (+10.34%), Calima Energy Ltd (ASX:CE1) (+11.11%), Lake Resources N.L. (ASX:LKE) (+12.77%), Emperor Energy Ltd (ASX:EMP) (+21.43%), PolarX Ltd (ASX:PXX) (+20.51%) and Tyranna Resources Ltd (ASX:TYX) (+16.67%).

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