Following a bumper session on overseas markets on Friday, the local share market opened in positive territory and is currently tracking 1.13 per cent higher at noon. It’s practically all green across the screen at the moment with all sectors in positive territory, apart from property. But it’s the materials and energy sectors that are doing the bulk of the heavy lifting today.
The S&P/ASX 200 index is 55 points higher at 4,971. On the futures market the SPI is 44 points up.
Company news Tyranna Resources Limited
(ASX:TYX) has requested an immediate trading halt over the company’s securities pending an announcement of a material transaction to acquire an interest in an ASX-listed company. The trading halt will continue until this Thursday or when the announcement is released to the market. Shares in Tyranna last traded at $0.02.
Spitfire Resources Limited
(ASX:SPI) has announced it plans to dual list on London’s AIM in the second quarter of calendar year 2016. The proposed listing will also include a fundraising and name change for the company. Shares in Spitfire are trading down 25 per cent at $0.006.
Best and worst performers
The best performing sector is Energy, gaining 2.05 per cent to 7,140. Shares in LNG have risen 8.33 per cent and trading at $0.65. Shares in AWE and Beach Energy are also stronger.
The worst performing sector is REITs, falling 0.05 per cent to 1,280. Shares in Vicinity Centres have fallen 1.22 per cent, trading at $2.83. Shares in Abacus Property and Dexus Property are also lower.
Gold and the dollar
Gold is trading at $US1,098 an ounce.
The Australian dollar is buying $US0.6990.
