Midday: Aus shares track 1.45% higher at noon

Market Reports

by Carolyn Herbert

It seems Brexit blues are far behind the Australian share market, following on from strong leads from Wall Street. The local bourse jumped at the open and is now tracking 1.45 per cent higher at noon. There is a sea of green across all sectors, but it’s healthcare, energy and mining stocks that are leading the way today. Not such a great day for the gold miners though, with the likes of Newcrest and St Barbara falling into the red.

The S&P/ASX 200 index is 75 points higher at 5,217. On the futures market the SPI is 84 points up.

Company news

Oncosil Medical Limited (ASX:OSL) has provided an update to the market on its progress with the CE Mark and FDA Investigational Device Exemption for its pancreatic and liver cancer treatment device. The company says in May it submitted further information for its CE mark, but no further questions have been asked by the regulatory body. It says it remains confident it will obtain the CE Mark and FDA IDE in the near term. Shares in Oncosil Medical are trading up 12.5 per cent at $0.14.

Dating app company DateTix Group (ASX:DTX) has gone into a trading halt pending the release of an announcement by the company relating to an acquisition. The trading halt will remain in place until the earlier of Monday the 4th of July or when the company releases the announcement. Shares in DateTix last traded at $0.40.

Best and worst performers

The best performing sector is Healthcare, gaining 2.8 per cent to 21,218. Shares in Mayne Pharma have risen 36.53 per cent and trading at $1.91. Shares in Mesoblast and Healthscope are also stronger.

The sector with the least gains is Staples adding 0.8 per cent to 8,146. Shares in Treasury Wine Estates have fallen 1.31 per cent, trading at $9.07. Shares in Australian Agriculture and GrainCorp are also lower.

Gold and the dollar

Gold is trading at $US1,317 an ounce.
The Australian dollar is buying $US0.7443.




 

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