Qantas down, then up
Qantas shares bounced back yesterday due to a stronger world economic outlook and hopes the SARS virus may have peaked in most regions.
Analysts said offshore-driven selling evaporated after the World Health Organisation said the SARS outbreak had peaked in Asia, except for China.
Qantas rose 19c, or 6.7 per cent, to $3.04 on heavy turnover of 45 million shares. On Monday it fell 15c to $2.85 - the lowest level since Sept 2001
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