Following another strong day on Wall Street, the Australian share market has jumped at the open and is currently tracking 0.73 per cent higher at noon. All sectors are in positive territory but it is the big miners BHP and Rio Tinto that are both leading the charge, both up around 3 per cent. It is a mixed day for financials space with only two out of the four big banks in the black, being Westpac and ANZ.
The S&P/ASX 200 index is 38 points higher at 5,271. On the futures market the SPI is up 57 points.
Company newsBHP Billiton Limited
(ASX:BHP) has updated the market on Samarco saying that in latest developments, the Superior Court of Justice in Brazil has reinstated the BRL20 billion civil public claim made by Brazillian authorities against Samarco , Vale and BHP Brasillia. BHP says it intends to appeal the decision. Shares in BHP are trading up 3.38 per cent at $19.28.
NewZulu Limited
(ASX:NWZ) has advised that Clive Dickens has been appointed as a new director of the crowd-sourced media company and the transition of founder Alex Hartman from his role as Managing Director. Clive Dickens is the Chief Digital Officer of Seven West Media, which acquired a 19.9 per cent shareholding in NewZulu via the recent Cornerstone Investor Placement. Shares in NewZulu are trading up 7.69 per cent at $0.014.
Best and worst performersThe best performing sector is Materials, gaining 2.5 per cent to 8,226. Shares in Evolution Mining have risen 7.3 per cent and trading at $2.50. Shares in St Barbara and Western Areas are also stronger.
The sector with the least gains is Financials excluding REITS, adding 0.1 per cent to 6,362. Shares in Lend Lease have fallen 1.23 per cent, trading at $12.45. Shares in CYBG and Bank of QLD are also lower.
Gold and the dollarGold is trading at $US1,328 an ounce.
The Australian dollar is buying $US0.7447.
