Following weak leads from Wall Street the Australian share market has once again found itself wallowing back in negative territory and is tracking 0.91 per cent lower at noon. The financials space is proving to be the heaviest weight on the index, with losses in all of the big four banks. Not a good day for gold stocks either after the price of the precious metal made a pull-back overnight.
The S&P/ASX 200 index is 52 points down at 5,372. On the futures market the SPI is down 47 points.
Company newsANZ Banking Corporation
(ASX:ANZ) has announced a number of management changes this morning. Deputy CEO Graham Hodges will take responsibility for group hubs, enterprise services and group property. Nigel Dobson will takeover wholesale digital strategy and payments transformation and Craig Sims has been appointed to a new role as group general manager Operations and services. Shares in ANZ are trading down 1.9 per cent at $26.80.
Carpentaria Exploration Limited
(ASX:CAP) has gone into a trading halt pending the release of an announcement by the company. The iron ore explorer says the announcement relates to a capital raising proposal. The market will be informed by Monday at the latest. Shares in Carpentaria Exploration last traded at $0.06.
Best and worst performersThe best performing sector is REITs, gaining 0.1 per cent to 1,430. Shares in Cromwell Property have risen 1.02 per cent and trading at $0.99. Shares in Mirvac Group and Iron Mountain are also stronger.
The worst performing sector is Energy, falling 1.8 per cent to 8,148. Shares in Whitehaven Coal have fallen 5.21 per cent, trading at $2.00. Shares in Santos and Origin Energy are also lower.
Gold and the dollarGold is trading at $US1,347 an ounce.
The Australian dollar is buying $US0.7677.
