Following positive offshore leads, the Australian share market opened higher but is currently trading flat at noon.
The S&P/ASX 200 index is flat at 5,157. On the futures market the SPI is 1 points lower.
Company news
Gateway Lifetsyle Group
(ASX:GTY) has completed its Institutional Offer and placement raising approximately $102M. The institutional entitlement offer attracted strong demand with approximately 98% of eligible institutions taking up their entitlement. The equity raising will be used to fund the purchase of six manufactured home estates, repay debt and strengthen the company’s financial position. Shares in Gateway Lifetsyle Group are trading up 3.2 per cent at $2.65.
Total Face Group
(ASX:TFG) , Australia’s largest group of premium cosmetic clinics has entered into a retail financing agreement with zipMoney to provide flexible interest free payment plans to its customers. TFG operates 7 clinics in Melbourne, 3 in Sydney and has been operating for 27 years. Shares in Total Face Group are trading up 10.53 per cent at 32c.
Best and worst performers
The best performing sector is Energy, gaining 1.8 per cent to 7977. Shares in Worley Parsons have risen 6.11 per cent and trading at $5.73. Shares in LNG and Santos are also stronger.
The worst performing sector is Healthcare, falling 1.25 per cent to 19497. Shares in Ramsay Healthcare have fallen 4.03 per cent, trading at $63.59. Shares in Greencross and Sirtex are also lower.
Gold and the dollar
Gold is trading at $US1,253 an ounce.
The Australian dollar is buying $US0.7469.
