The Australian share market opened lower despite positive offshore leads however has bounced back to be marginally higher at noon, up 0.45%.
The S&P/ASX 200 index is 23points higher at 5,061. On the futures market the SPI is 24 points higher.
Company news
Dexus Property Group
(ASX:DXS) says that an external revaluation of its properties has resulted in a 4.8 per cent increase worth around $450 million. This follows a $40 million uplift announced in September.
Sahre in Dexus Property Group are trading up 1.59% at $7.68
CIMIC Group’s
(ASX:CIM) global mining contractor, Theiss has been awarded a contract extension worth $1.3B to continue operations at Jellinbah Group’s, Lake Vermont Coal Mine in the Central Queensland.
Shares in CIMIC are trading down 0.21 per cent at $23.85.
Best and worst performers
The best performing sector is healthcare, gaining 1.1 per cent to 19,321. Shares in Regis Healthcare have risen 3.18 per cent and trading at $5.51. Shares in Sirtex Medical and Mesoblast are also stronger.
The worst performing sector is Materials , falling 0.1 per cent to 6,716. Shares in OzMinerals have fallen 1.82 per cent, trading at $4.05. Shares in Arrium and CSR are also lower.
Gold and the dollar
Gold is trading at $US1,071 an ounce.
The Australian dollar is buying $US0.7262
