The local market pushed higher again this morning despite a slight dip on Wall street. Local optimism also flowed from signs that the Greek parliament will accept the terms it was offered by its creditors.
The ASX was buoyed by the big four banks which all saw gains while the energy sector dragged this morning on a weakening oil price.
The S&P/ASX 200 indexis 34 points up at 5,670. On the futures market the SPI is 33 points higher.
Company news
Iluka Resources Limited
(ASX:ILU) shares dipped as it reports lower production but higher revenue in the first half of 2015. The mineral sands miner says revenue gains were helped along by a weakening Aussie dollar while production of Zircon and Rutile dipped to 472,000 tonnes in the 6 months to June. Shares in Iluka are trading down 1.42 per cent at $7.64.
Regis Resources Limited
(ASX:RRL) has completed its acquisition of Gloster gold tenements for $1.5 million plus a gross royalty of $10 per ounce to be paid on any production from the tenements. The company says the licenses are located 26km from Regis’ Moolart well processing plant and they have a historic resource estimate of 1.37 g/t for 365.000 ounces. Shares in Regis are trading down2.97 per cent at $1.15
Best and worst performers The best performing sector is telco services, gaining 1.2 per cent to 2,278. Shares in TPG Telecom Limited
(ASX:TPM) have risen 2.53 per cent and trading at $9.33. Shares in Vocus Communications Limited
(ASX:VOC) and Telstra
(ASX:TLS) are also stronger.
The worst performing sector is energy, falling 0.8 per cent to 10,921. Shares in Whitehaven Coal
(ASX:WHC) have fallen 4.02 per cent, trading at $1.20. Shares in Worleyparsons Limited
(ASX:WOR) and Liquefied Natural Gas Limited
(ASX:LNG) are also lower.
Gold and the dollar
Gold is trading at $US1,147 an ounce.
The Australian dollar is buying $US0.7363
