Australian Shares Fall as US Labor Data Disappoints; Omega Oil & Gas, Guzman Y Gomez Hit Fresh 52-Week High

MT Newswires Live09-09

Australian shares fell on Monday's close as the most recent US non-farm payroll report missed analysts' expectations.

The S&P/ASX 200 fell 0.32% or 25.3 points to close at 7,988.1.

The US Bureau of Statistics said the total US non-farm payrolls increased by 142,000 in August, missing analysts' expectations of a 165,000 rise, according to a Bloomberg survey.

However, August's unemployment slid to 4.2% from 4.3% month on month, in line with analysts' consensus.

On the domestic front, the Reserve Bank of Australia said that ATM withdrawals in July fell 1.5% month-on-month to AU$8.8 billion, while total card purchases on Australian-issued cards slipped 0.2% to AU$85.8 billion.

In corporate news, shares of Omega Oil & Gas (ASX:OMA) jumped 13% on close and earlier hit a new 52-week high as it mobilized a gas rig to the Omega Canyon-1H well located within the Canyon gas field in Queensland.

Meanwhile, restaurant chain Guzman Y Gomez (ASX:GYG) rose 5% on close and earlier hit a fresh 52-week high, following its inclusion into the S&P/ASX 200 and S&P/ASX 300 indices before market opening on Sept. 23.

Finally, Neurotech International (ASX:NTI) validated the benefits of its cannabinoid therapy NTI164 following a genome analysis of a phase 1 trial investigating its use in pediatric patients. Its shares rose 3% on close.

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